Oil prices surge after Trump says U.S. will blockade the Strait of Hormuz

“Reopening the Strait has become the market’s most time-sensitive priority,” JPMorgan Chase commodities analysts said Sunday. “The last tanker to clear Hormuz on February 28 is expected to reach its destination around April 20, marking the point at which pre-closure barrels are fully exhausted from the global supply chain.” Last week, only 24 ships passed…

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Business Briefs April 13, 2025: Business news in the Berkshires and beyond

Greylock awards nonprofits Pittsfield— As part of its ongoing commitment and support of community partners, Greylock Federal Credit Union is awarding ten nonprofits with special gifts of $10,000 each totaling a $100,000 contribution to the nonprofit sector. In light of current events, Greylock’s leadership recognized the importance of awarding funds to organizations dedicated to providing…

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