Keep pulling the thread on West Texas Intermediate.
The Strait of Hormuz has been effectively cut off to maritime traffic amid rising tensions between the U.S. and Iran.
President Trump stated it is highly unlikely he would extend the two-week truce with Iran if a peace agreement is not reached before it ends.
The U.S. military has seized Iranian-flagged vessels by force in the Gulf of Oman.
President Trump has threatened that Iran will be "hit very hard" if a peace deal is not reached.
Kevin Warsh, President Trump's nominee for Federal Reserve Chair, stated in prepared remarks that the Fed is responsible for any inflation that occurs in the economy.
Republican Senator Tom Tillis from North Carolina will not allow any Federal Reserve nominee to move through committee while the Department of Justice investigation into the Fed is ongoing.
Eli Lilly is acquiring the privately held company Colonia Therapeutics for as much as $7 billion.
Rich Weiss of American Century Investments predicts that the Federal Reserve will lower interest rates due to political pressure and a slowing economy.
Google is in discussions with Marvell Technologies to develop two new chips designed to run AI models more efficiently, according to a report from The Information.
Google is expected to announce a new version of its TPU chip specifically for AI inferencing workloads at its upcoming Next conference in Las Vegas.
Google DeepMind CEO Demis Hassabis stated that Google does not have enough TPU supply to meet all customer interest, which includes companies like Meta and Citadel Securities.
On April 20, 2026, West Texas Intermediate (WTI) crude oil prices rose by 6.5% to $89.26 per barrel.