Julie Chang

WSJ Global Economics correspondent Tom Fairless has been following what's been one of the broadest efforts since then to change how much fuel people use.

Tom, tell us about some of the policies you've seen and where.

And how have locals been responding to these policies?

European governments are capping or lowering energy prices to soften the impact on consumers.

But economists warn that those measures could actually make the crisis worse.

Why?

Global economics correspondent Tom Fairless, thank you for your time.

As the war in the Middle East shows no signs of winding down, the three major stock benchmarks all fell.

The Nasdaq led the losses, dropping 2%.

It now stands about 9.5% below its record.

All three major indexes fell for a fourth straight week, the first time that's happened to the Dow since 2023.

Brent crude oil futures, the international benchmark, rose more than 3% to over $112 a barrel.

They have soared more than 80% in 2026.

Shares of server-maker SuperMicroComputer dropped by about a third today, after prosecutors alleged that several of the company's employees smuggled high-end NVIDIA chips to China.

The U.S.

government in recent years has blocked China from importing those chips.

Supermicrocomputer itself isn't a defendant.

It put two employees on leave and fired a contractor.

In media news, CBS News is shutting down its radio service in late May, eliminating all positions on the team.

That's according to an email to staff viewed by the journal.