BUSINESS RSS Streams

It appears to be the first ship owned by a major European firm to go through the strait since the conflict began.

A growing number of financial influencers are shifting the conversation away from spreadsheets and toward psychology, arguing that mindset, not math, may be the biggest barrier to building wealth.

Financial influencer Taylor Price joined FOX Business’ Ashley Webster on "Varney & Co." to discuss how reframing financial habits can change long-term outcomes.

RETIREMENT 'MAGIC NUMBER' JUMPS AS AMERICANS GROW ANXIOUS ABOUT THEIR FINANCIAL FUTURES

Price said many Americans are held back not by a lack of knowledge, but by how they think about money in the first place.

"Money is more mental than it is mathematical," Price said.

Her framework uses a "money tree" concept to simplify how wealth is built over time. She explained that each part of the tree represents a different financial layer, from income to savings to investing, helping people better understand how their decisions compound.

"We start by planting the seed, the scarcity mindset versus the growth mindset," Price said. "It's the difference between I can't get ahead to I know my choices are gonna compound over time."

LABOR DEPARTMENT'S PROPOSAL IS A 'HUGE STEP' FOR YOUR 401(K), BLACKROCK'S NEFOUSE SAYS

She added that building stability starts with a strong foundation, especially during uncertain economic conditions.

"When it comes to bad weather in the economy, especially today, guess what? That tree holds us together within the roots, our savings accounts, our emergency funds," Price said.

Price also pointed to mindset as a key driver of behavior, arguing that belief systems can directly shape financial outcomes.

"Thinking that they can't when, yes, if you believe you can't, you won't. But if you believed you can, you will," she said.

Drawing on behavioral science, Price said people tend to notice more opportunities once they shift their thinking.

"You're gonna find opportunities because your brain is now trained to see how can I make more money," Price said.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

1. Live updates at the 2026 Women's Final Four in Phoenix  NCAA.com
2. Ranking the 15 best players in the women's Final Four  ESPN
3. For once, Dawn Staley and Geno Auriemma didn’t meet in the regular season. Now they meet in the Final Four.  Inquirer.com
4. South Carolina, in rare position as underdog, to lean on effort, defense vs. undefeated UConn in Final Four  CBS Sports
5. Where to watch the women’s Final Four this weekend: Free live stream, schedule  Syracuse.com

As the conflict in Iran intensifies with no immediate end in sight, the U.S. Department of Energy is tapping further into the nation’s emergency oil supply.

On Wednesday, officials announced a plan to loan an additional 10 million barrels of crude oil from the Strategic Petroleum Reserve (SPR) — part of a 172 million-barrel drawdown that critics say could leave the U.S. vulnerable as West Texas Intermediate (WTI) crude prices climb past $111 per barrel.

The crude oil is set to be extracted from the Bryan Mound site in Texas, and the department is also accepting proposals from oil companies until Monday.

STATE-BY-STATE VIEW OF GAS PRICES AS IRAN WAR PUSHES OIL MARKETS HIGHER

The latest move is part of an agreement with 32 other countries to release a total of 400 million barrels of oil from reserves. The International Energy Agency (IEA) held an emergency meeting at its Paris headquarters last month with energy representatives from the G7 countries to "assess market conditions," which IEA Executive Director Fatih Birol says "have been significantly affected by the conflict in the Middle East."

"The oil market challenges we are facing are unprecedented in scale. Therefore, I am very glad that IEA member countries have responded with an emergency collective action of unprecedented size," Birol said after the announcement about the release of the emergency oil reserves.

The Department of Energy did not immediately respond to Fox News Digital’s request for comment, but in a press release, it said the replenishment of the SPR will come "at no cost to the American taxpayer."

Analysts at Goldman Sachs warned in recent weeks that the 400 million-barrel release, the largest in history, may be insufficient to cover supply disruptions caused by the closure of the Strait of Hormuz, potentially leading to a shortfall of more than 10 million barrels per day.

As of early Friday afternoon, WTI — the U.S. standard for oil prices — topped $112 per barrel, up slightly from the previous day. The national average for a regular gallon of gas is over $4, up more than $1 since the war began, according to AAA.

Federal Reserve Bank of New York President John Williams warned that the effects of the Iran war on energy prices could spread across several sectors of the economy during an interview on "The Claman Countdown" Thursday.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

"There's a pass-through of energy prices into a lot of things that we buy, including airfares. … With higher fuel costs, airfares are going to go up," Williams said. "It will spread around. It typically takes us into other goods and services. That typically takes months or maybe a year to have that full effect."

In a presidential address to the nation Wednesday evening, President Donald Trump indicated that military operations in Iran will continue for weeks, likely adding more pressure to the oil market.

READ MORE FROM FOX BUSINESS

Fox News’ Alec Schemmel and FOX Business’ Nora Moriarty contributed to this report.

Amazon will impose new fees later this month on third-party sellers as rising oil prices tied to the ongoing war with Iran ripple through the U.S. economy, a shift that could ultimately push costs onto consumers.

The company said it will begin charging a 3.5% "fuel and logistics-related surcharge" on sellers who use its fulfillment services starting April 17 in the U.S. and Canada, citing higher transportation and shipping expenses.

The move follows a sharp rise in oil prices, which are increasing costs across global supply chains. West Texas Intermediate crude topped $111 on Friday, while global benchmark Brent crude was around $109 per barrel, as investors assessed how long the conflict could disrupt shipments through the Strait of Hormuz – a critical global oil chokepoint.

CONGRESSIONAL REPORT DETAILS HOW CHINA BUYS SANCTIONED OIL FROM IRAN, RUSSIA AND VENEZUELA

Amazon told FOX Business that the surcharge is designed to offset "elevated costs in fuel and logistics." The company noted it had absorbed those increases until now but is aligning with a broader industry shift toward passing through higher expenses.

AMAZON AND DELTA PARTNER TO LAUNCH FASTER IN-FLIGHT WI-FI

The change adds pressure on roughly 2 million third-party sellers that make up a significant portion of Amazon’s marketplace. Many rely on Fulfillment by Amazon (FBA) – the company’s logistics network that handles storage, packing and shipping – meaning the new fee directly affects their operating costs.

On average, the surcharge will total about 17 cents per unit, though actual costs vary based on product size and weight, according to reports. While relatively modest per item, the added expense can scale quickly for high-volume sellers, who may pass those increases on to consumers.

AMAZON LAUNCHES 1-HOUR AND 3-HOUR DELIVERY OPTIONS WITH NEW TIERED PRICING STRUCTURE FOR CUSTOMERS

Amazon said the surcharge remains "meaningfully lower" than comparable fees charged by major carriers, but the move highlights how rising energy costs are cascading through the broader economy.

CLICK HERE TO GET FOX BUSINESS ON THE GO

Shipping providers including UPS, FedEx and the U.S. Postal Service have also implemented or announced fuel surcharges in recent weeks, signaling mounting strain across logistics networks as fuel prices climb.

Amazon shares are up 17.5% over the past year and are down 9.1% year to date.

Reuters contributed to this report. 

1. Japanese, French and Omani vessels cross the Strait of Hormuz  Reuters
2. French-owned container ship transits Hormuz Strait in first since Iran war  Al Jazeera
3. Three Ships Appear to Exit Hormuz by New Oman Coast Route  Bloomberg.com
4. Several vessels, including French container ship, pass through strait of Hormuz  The Guardian
5. Iran-US war latest: Tehran university hit in air strikes  The Telegraph

1. American fighter jet downed over Iran, 1 crew member rescued, U.S. officials say  CBS News
2. U.S. fighter jet shot down: One crew member rescued, other alive in Iran, sources say  Axios
3. Iran War Live Updates: One American Rescued From F-15E Jet Shot Down Over Iran, U.S. Officials Say  The New York Times
4. Live updates: 1 crew member rescued after US aircraft went down in Iran, US and Israeli officials say  AP News
5. US fighter jet shot down over Iran, 1 of 2 crew members rescued, US sources say  CNN

1. What to Know About the ‘Massive’ Military Bunker Beneath Trump’s Ballroom  The New York Times
2. Trump Is Building the 'Paradise' Bunker Under the White House  Esquire
3. Trump’s ballroom gets the green light from loyalist-stacked commission  CNN
4. Why Republicans aren’t rushing to save Trump’s ballroom  Politico
5. Will a Court Order Actually Stop Trump’s Ballroom?  Bloomberg.com