Monica Ricks

Brent crude also topped $109 a barrel yesterday, and analysts say global supplies are about to get even tighter.

Stephen Shork is president of the Shork Group.

Schork Group's Stephen Schork on Bloomberg surveillance.

The Strait of Hormuz has been closed for more than a month now, creating the biggest supply disruption in oil market history.

Amazon says it's going to start charging a 3.5 percent fuel surcharge later this month as more shipping companies raise their prices to offset higher oil costs.

And major cities around the world are taking a range of approaches to mitigate impacts, too.

Bloomberg's Nathan Hager reports from Washington.

Israel's largest gas field has resumed production after a 33-day shutdown triggered by the war in Iran, likely providing some relief for markets that are struggling with supply.

The Leviathan project is operated by Chevron in the eastern Mediterranean Sea.

It's crucial for supplying not just local Israeli requirements, but also key for Egypt.

And SpaceX boosted its target IPO valuation above $2 trillion as it gears up to pitch its initial public offering.

The company's meeting with prospective investors in the coming weeks, but aims to go public in June.

I made it crystal clear I will follow the law.

Pam Bondi is out as President Trump's Attorney General.

Bloomberg's Jeff Mason tells us her tenure was tumultuous.

Bloomberg's Jeff Mason on Bloomberg's balance of power.

Bondi upended the Justice Department's culture of independence from the White House, oversaw firings of career employees, and investigated some of the president's perceived enemies.

Her departure also follows months of scrutiny over the DOJ's handling of the Epstein files.

For now, Deputy Attorney General Todd Blanch will replace her.

The president says he'll sign an order now to pay Homeland Security workers who haven't been paid in almost two months.