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Evening digest: Markets cheer softer CPI, Powell support builds, crude rallies on Iran risk

Commodity wrap: oil prices surge on Iran fears; silver records new all-time high

Drone strikes damage oil tankers in Black Sea near Russia, threatening energy trade

EU-Mercosur deal highlights limits of US pressure in South America

US inflation steady in December as core CPI remains at slowest pace since 2021

Major layoffs extend into 2026 as Citi, Meta, and BlackRock cut jobs

US sanctions threat puts Iranian oil exports in peril; prices hit multi-month high

Global central bankers back Fed independence after Powell investigation