Monica Ricks

And we still don't know why they had to turn around.

Saudi Arabia has restored full pumping capacity in its east-west pipeline to 7 million barrels a day, rehabilitating a vital link for oil exports through the Red Sea.

A strike last week, hours after a ceasefire was declared in the Iran war, damaged one of 11 pumping stations, drastically reducing its output.

Saudi Arabia has quadrupled crude shipments from its Red Sea terminals since the war started in February to get around the near total shutdown of the Strait of Hormuz.

Haitians are also struggling with rising oil prices now due to the conflict in Iran.

The government recently raised fuel prices, and that's led to worsening food insecurity.

Nearly half of Haiti's population is on the brink of hunger, and gang violence is making the situation worse by disrupting supply chains.

Here at home, the wars pushed inflation higher, mostly thanks to higher fuel prices, and that's pinching Americans' wallets.

Chad Guards in Indiana.

According to AAA, the national average is now 4.12 a gallon.

The polls are open in Hungary, where millions are voting in an election today that could end Prime Minister Viktor Orban's 16-year hold on power.

His strongest challenger is former ruling elite insider Peter Magyar, whose TISA party has rallied Hungarians on corruption and cost of living concerns.

Another push to scrap President Trump's latest tariffs.

Bloomberg's Amy Morris reports from Washington.

A group of small businesses in mostly Democratic-led states say the president is using an obscure law that became outdated when the U.S.

ditched the gold standard decades ago.

to issue tariffs in a way Congress never intended.

The panel of judges faced the state's lawyer with skeptical questions about why the states that sued have legal standing to press claims, striking at a key issue of how individual Americans and entities that paid those higher prices because of heightened tariffs can get their money back.

In Washington, Amy Morris, Bloomberg Radio.

Bank earnings are in focus in the week ahead.