New York Times

1. Oil Price Hits Wartime High Above $120 a Barrel as Iran War Standoff Continues

   The longer the disruption to Middle East fuel supplies lasts, the risk grows that higher energy costs will feed into broader inflation that could dent economic growth.

2. U.S. Economy Grew 2 Percent in Early 2026 Even as War in Iran Began to Hit Energy Prices

   Gross domestic product expanded at a 2 percent annual rate in the first three months of the year, a period including first weeks of conflict in the Middle East.

3. Why the U.A.E. Is Quitting OPEC

   The United Arab Emirates is walking away from OPEC this May. The New York Times’ energy reporter, Rebecca Elliott, breaks down how the war with Iran provided the perfect opening for the Emirates to go solo.

4. Behind Powell’s High-Stakes Decision to Stay at the Fed

   Jerome H. Powell will remain a governor at the Federal Reserve after his term as chair ends, in a bid to guard against a further incursion by the Trump administration on the central bank’s independence.

5. Rising Fuel Prices Force Policymakers to Weigh Excruciating Choices

   The Bank of England and European Central Bank held interest rates steady on Thursday, as officials search for signs of possible longer-term damage and warn of the impact of a prolonged energy shock.