Oil prices rise after Trump issues ultimatum and Iran threatens to close the Strait of Hormuz indefinitely

Oil prices rose Sunday after Iran threatened to shut down the Strait of Hormuz indefinitely in response to President Donald Trump’s ultimatum on the restoration of oil traffic through the critical waterway. Brent crude, the global benchmark, climbed 1.69% to about $114.09 a barrel at the open. US crude rose 2% to $100.29. Goldman Sachs…

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Business Notes for March 22, 2026 | Cedar Rapids Business News, Iowa City Business News

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Personnel changes at Convention Center, St. Bernard Chamber | Business News

South Louisiana businesses and nonprofit groups recently announced the following promotions, new hires and resignations. New Orleans Brandon Knatzer Provided photo Brandon Knatzer has been promoted to assistant director of physical security of the Ernest N. Morial Convention Center. Knatzer started working at the Convention Center as an assistant production manager and lead production technician and was,…

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‘Those days are over’: These business owners say they can’t raise prices even if they wanted to

Looking out his shop window, across the street, just to the right, Paloma Clothing co-owner Mike Roach sees one of Portland, Oregon’s, most expensive gas stations. His customers can see the price, too: $4.85 a gallon. “It’ll really get people’s eyeballs popping when it goes over $5,” Roach said. Consumers are fed up, and raising…

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