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Oil prices spike after Houthi attacks on Saudi airports

Oil prices rose Monday, after the Iranian-backed Houthis launched attacks on two airports in Saudi Arabia over the weekend. Brent Crude, the international benchmark, closed at nearly $106 per barrel as of late Monday afternoon, up roughly $1.20 from closing time Friday. The price...

The Hill BusinessOct 12, 2026

business

2 American economists win Nobel for work on managing economic shocks

STOCKHOLM (AP) — American economists Robert E. Hall and Michael Woodford won the Nobel Memorial Prize in economics Monday for their work on models that have helped governments and central banks manage economic shocks, such as energy crises and inflation. The Royal Swedish Academy...

The Hill BusinessOct 12, 2026

News

Harris: Trump’s Russian fuel plan 'reeks of weakness'

Former Vice President Kamala Harris on Sunday criticized President Trump’s diesel deal with Russia, saying it “reeks of weakness.” “Donald Trump and his war in Iran are to blame for our nation's sky-high diesel and gas prices. His latest ploy—buying fuel from his friend Vladimir ...

The Hill BusinessOct 12, 2026