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BUSINESS
Qatar energy minister sends strong message on $150 crude
Crude oil was jumping again on Friday, March 6, on a warning from Qatar’s energy minister that prices could soar much higher if the Persian Gulf can’t be reopened. The Gulf region produces above 20% of the world’s crude oil and a similar amount of liquid natural gas. Nearly all of it reaches global customers via tankers passing through the Strait of Hormuz, which links the Persian Gulf to the Gulf of Oman and the Indian Ocean.If that happens, crude oil prices might hit $150 a barrel in a few weeks, Qatar’s Saad Sherida al-Kaabi told the Financial Times newspaper. Ultimately, he warned, the conflict in the Middle East — a key player in global energy supplies and shipping routes — could “bring down the economies of the world.”But the strait is effectively closed because Iranian naval forces are firing on ships, and maritime insurers are refusing cover losses in the event of attacks. Related: J.P. Morgan revamps oil prices target for the rest of 2026Crude oil jumps above $90 Oil prices are rising in reaction for a fifth straight day.Light sweet crude, the benchmark U.S. oil, peaked at $92.61 a barrel, its highest level since the summer of 2022. It then fell back to $90.44, up 11.6% on the day. Brent crude, the global benchmark, reached as high as $94.64 a barrel during the day, the highest level since August 2022. Then, it fell back to $92.30, up 8% on the day. That’s up 52% for the year. In addition to the runup in oil prices, retail gasoline prices are jumping. AAA said the U.S. national average price of gasoline reached $3.32 a gallon, up 11.3% on the week and nearly 17% this year. Related: Gas prices surge 9% to highest level in 11 monthsGulf producers shutting down productionThe runup began with the publication of an interview that al-Kaabi, the Qatari energy minister, gave to the Financial Times. The strait blockage is so bad that oil producers are planning to shut in production because they’re running out of storage space.Kuwait has already begun cutting output, The Wall Street Journal said.That could stop all production in the Persian Gulf within days. More Oil and Gas:Crude, natural gas prices jump on Iran News147-year-old oil giant just raised dividend 4% in 2026Top energy stocks to buy amid Venezuela chaos
Qatar Energy Minister al-Kaabi shared his country’s plans. Noushad Thekkayil/Getty Images
How will the U.S reactTiming, then, is everything, and it’s not clear if the United States gets the severity of the immediate problem. (The long-run expectation is for crude and gasoline prices to fall back if — and when — a ceasefire is achieved.)President Donald Trump said this week he wants to approve whoever is nominated to be Iran’s next leader. There has been no signal from Iran its leadership would even consider the idea. President Trump and Defense Secretary Pete Hegseth were set to meet with defense contractors on Friday to ask for faster weapons construction. Stocks slump againStocks, meanwhile, were slumping. The Standard & Poor’s 500 Index was off 0.9% in afternoon trading and is looking at a loss of 1.6% for the week. The Nasdaq Composite was off 172 points, or 0.8%, to 22,577. The weekly loss, surprisingly, just 0.4%. The Dow Jones Industrial Average which fell as many as 945 points soon after the market opened, had seen its loss trimmed. But it was down 433 points to 47,522 and down 3% for the week. Energy stocks, including Exxon Mobil and Chevron, were little changed. There was some cheer on reports, again from the Financial Times, that the Trump Administration will launch a $20 billion reinsurance facility designed to support Gulf shipping and help restart maritime cargo coverage through the Strait of Hormuz.When will the Strait reopenThat doesn’t mean the Strait of Hormuz will reopen any time soon.Iran’s leadership void is still not filled since the Feb. 28 assassination of Supreme Leader Aly Khamenei. The Washington Post reported that Russia is providing Iran with targeting information to attack American forces in the Middle East. That is “the first indication that another major U.S. adversary is participating — even indirectly — in the war,” the newspaper said.Related: Shocks happen, markets move: Lessons from history
Walmart’s bestselling over-the-door organizer with 35 pouches is on sale for just $12
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.Why we love this dealCloset space is a valuable commodity. No matter how big of a closet you have, it always still manages to lack the full space you need to store all your clothes, and nothing is more frustrating than trying to jam another hanger onto the rack or another sweater onto a shelf. When you’re working with limited closet space, storing shoes, accessories, and jewelry should be anything but the most pressing concern, which means you need to find handy ways to keep those items well-organized in their own way. Over-the-door organizers might not seem like the most aesthetically-pleasing option, but more often than not they offer amazing storage capacity, and these days their sleek look makes them match well with existing decor and look like less of an eyesore than older designs. The Kusmil Over-The-Door Shoe Organizer is more than capable at keeping your endless amount of shoes in check, and right now it’s only $12 for the 35-pouch option at Walmart. Even if your shoes are well stored away, the storage potential with this mesh unit is surprisingly vast. You just have to get creative. Kusmil Over-The-Door Shoe Organizer, $12 at Walmart
Courtesy of Walmart
Why do shoppers love it?Over-the-door organizers are a great option that works with something everyone has in their home — a door. Instead of having to create more space in your bedroom, office, or bathroom, over-the-door organizers make do with what you have already and give you a convenient way to keep your home neat and tidy. Although advertised as a shoe organizer, there are a lot of ways you can use an organizer like this one. In addition to storing sandals, slippers, sneakers, and other footwear, you can organize bath and beauty products in your powder room, keep items you typically grab before you head out the door organized in your laundry or mudroom, keep sportsgear and other children’s possessions organized in a toy room or the garage, and fold and roll clothes and store them neatly on a closet door for additional apparel storage. The versatility of an over-the-door organizer can’t be stated enough, and this one also has a large amount of pockets to provide ample room as well.The 35-pouch organizer clocks in at $12, but you can get the 24-pocket option for $9 and 29- pocket on sale now for just $11 if you’re in the market for something smaller. The 35-pouch measures 67 inches long and 26.4 inches wide, smaller than the average sized door. The four metal hooks, which latch into the organizer and over the door for a secure fit, can work for doors measuring between 1.37 inches and 1.65 inches. Depending on what you plan to store in the non-woven Oxford fabric and mesh pockets, you might want to invest in sturdier hooks. The four included in your purchase are certainly strong, but if you’re planning on using it to hold heavier items, it never hurts to look into something that specifically lists the weight limit.Related: Walmart is selling $23 smart-touch wireless headphones that last over five yearsEach pocket specifically measures 6.9 inches long and 4.8 inches wide. The fabric and mesh used for the organizer are tear-resistant and machine washable.Details to knowMaterial: Non-woven Oxford fabric and mesh. Dimensions: The organizer measures 67 inches long and 26.4 inches wide. It fits a door measuring 1.37 inches thick and 1.65 inches thick. Each pocket measures 6.9 inches long and 4.8 inches wide. Size options: The shoe organizer is available in 24-, 28-, and 35-pocket options.Although mesh can occasionally seem flimsy, according to shoppers, the mesh used in this organizer is anything. It’s easier to clean and more durable than similar options that use plastic. Overall, the organizer is a great way not just to store items, but to see what you actually have. When you use other storage mechanisms, you don’t always have easy access to see what you have stowed away. The individual pockets are wide and deep, and shoppers like that the mesh makes it easy to identify what things are stored where. “This very sensibly priced item does just what I needed — makes my shoe wardrobe accessible and easily visible,” one shopper said. Shop more deals Whitmor 24-Pocket Metal Mesh Shoe Organizer, $9 (was $18) at WalmartPhancir 2-Pack Under Sink Organizers, $23 (was $46) at WalmartInspired Essentials 5-Quart Plastic Storage BinsNo need to adjust your own space to fit this organizer, or spend the time building a hefty, time-consuming piece of storage furniture. With the Kusmil Over-The-Door Shoe Organizer, you just hook it over the door, and you’re good to go.
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Phillies’ Zack Wheeler Updates Retirement Decision After Injury News
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Amazon is selling a men’s 3-piece suit for just $14 that’s completely wrinkle-resistant
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.Why we love this dealThere’s nothing like a sharp dressed man. But what if that sharp dressed man got his suit for less than what it usually costs for a pair of earbuds? That would be something very special indeed. That’s exactly what we found at Amazon, and we think that aspiring snappy dressers should snap this deal up before it sells out for good.The Aniywn Men’s 3-Piece Suit is on sale for an unbelievable $14. That’s 33% off the already-surprising price of $21. There’s also a minimal shipping fee of $16, but even including that you’re still getting a full suit at an unheard-of price. If you’ve been wanting to buy a new suit for a while, but have not had the opportunity to save up several hundreds of dollars, then this deal is here to make your day.Aniywn Men’s 3-Piece Suit, $14 (was $21) at Amazon
Courtesy of Amazon
Why do shoppers love it?There’s no getting around the fact that this is a shockingly affordable suit. However, what might be even more shocking is the quality you get for that price. Included are a sportcoat with matching pants and vest. The design of the suit allows for mixing and matching as well as formal use. You can wear each piece individually if you wish, or simply add a bowtie to the mix and you’ve got the perfect black tie outfit.The entire suit is made of 100% polyester. That offers more benefits than you might realize. Polyester is incredibly wrinkle-resistant, so you can be sure you’ll always look your best in this suit. It’s also a material that won’t shrink when washed or stretch out after frequent wear, so it’ll look just as good a year later as the day you bought it. It’s also fully machine-washable on the cold cycle. That’s a huge plus over suits made from materials that require professional cleaning. Not only will you save money on the cost of the suit, but also on trips to the dry cleaner.What’s more, the slim silhouette of the suit is very flattering to every body type. Because the suit is available in sizes ranging from small to 6XL, there’s an option for just about everyone. That said, you can be sure that the slim-fit design will fit nicely and complement your body type, no matter what that may be. The suit is also available in 17 color variants. At such a low price, you could buy a different color for every day of the week.Related: Walmart’s bestselling Avia sneakers are on sale for $10, and they come in eight colorwaysDetails to knowIncluded: Sportcoat, pants, and vest.Material: 100% polyester.Sizes: Small to 6XL.Color options: 17 variants.Amazon customers were just as impressed with this suit as we were. One review, translated from Spanish, said it was “very good fabric for the price,” and called the suit “very elegant.”Shop more deals Cooper and Nelson Men’s 3-Piece Suit, $85 (was $96) at AmazonWulful Men’s Slim-Fit 2-Piece Suit, $53 (was $60) at AmazonLorenzo Bruno Men’s 1-Button Suit, $57 (was $73) at AmazonFor anyone who wants to get a high-quality three-piece suit at perhaps the lowest price they’ll ever see, the Aniywn Men’s 3-Piece Suit is a great pick. Whether you want an everyday suit for work or a formal tuxedo for your wedding day, it’ll only cost you $14 (plus shipping) if you get this deal in time.
REI is selling a $3,199 electric bike for 40% off that offers a ‘5-star experience’
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.Why we love this dealIf you’re an outdoor adventurer like me or just like to bike around town, you might have noticed the uptick in electric bikes. There are many preconceived notions about these non-traditional bicycles surrounding their cost and workout benefits, but I’m here to tell you after getting to try a few out, they’re worth the investment. And right now, REI has a deal on one that’s perfect for new riders.If you’re dipping your toes into the e-bike market but don’t want to dish out over $6,000 for a first-time bike, then the Co-op Cycles DRT e1.1 Electric Mountain Bike is for you. Shoppers can save $1,280 on this bike, paying only $1,919 for a $3,200 eBike. This price also includes a year of free adjustments, 20% off shop services, and free tubes with the purchase of a flat tire repair. Additionally, they’ll even build your bike for you. After working for REI in the bike department for a few years, and getting to try out tons of different bikes — both electric and non-electric — it opened my eyes to the world of electric bikes, which I originally had thought wouldn’t give you a good workout or wouldn’t be worth it. While, when it comes down to it, it depends on how you actually use your bike, both of those concerns turned out to be false. The battery can be turned on or off, allowing you to use the extra help when you need it and saving the battery when you don’t, and you can still get a good workout in, even while using the electric assistance. They allow you to go farther, faster, and higher than ever before, while also still being in control of the amount of assistance you want and when you want it.Co-op Cycles DRT e1.1 Electric Mountain Bike, $1,919 (was $3,199) at REI
Courtesy of REI
Why do shoppers love it?This bike has tons of features to ride in style. This bike features the Bosch Performance Line smart system, which is a mid-drive motor that can reach assist speeds of up to 20 miles per hour. It can connect your e-bike to the eBike Flow mobile app, which allows you to track ride data, usage, tune modes, and more, while also allowing you to connect to other popular apps, like Strava, to record your rides. Your ride info will also show up on the Bosch Kiox 300 ride display in real time, located in the middle of your handlebars. Related: Hoka’s $200 waterproof shoes are perfect for spring hikes and are on sale for only $100This bike is built for the mountain, with tubeless-ready rims and 27.5-inch tires that minimize flats and a hardtail aluminum frame that can withstand a beating on the trail. It’s equipped with nine speeds, offering a versatile ride for different occasions. The battery can be charged on or off the bike, and it can charge 50% in as little as 1.7 hours or fully charge in approximately 4.5 hours, allowing you to charge it overnight or just a bit during breakfast before you head out. Details to knowSizes: This bike comes in sizes XS through XL, with reviewers saying it fits a bit large. REI offers an interactive size chart that allows you to put your info in to get the best fit. Gears: This bike features nine gears for all types of adventures. Wheel size: They are standard 27.5-inch wheels.One reviewer said, “This is my first e-bike, and it’s fantastic — definitely a 5-star experience. It’s easy to load onto my Lolo rack. The Bosch pedal-assist system is intuitive and user-friendly, with the bonus of syncing to my phone. I also love that I can leave the battery in to charge — super convenient.” Another buyer said, “The quality for the price value that the Co-Op line provides seems solid to me. Another strong selling point is the support REI’s bike shops provide and their vast network available.”Shop more dealsCannondale Habit 3 Mountain Bike, $2,000 (was $2,995) at REISalsa Timberjack SLX Mountain Bike, $1,360 (was $1,700) at REIMSW Bike Tool Kit, $75 (was $100) at REI Whether you’re new to the trail or looking for a better way to get up the mountain, the Co-op Cycles DRT e1.1 Electric Mountain Bike is a great choice. The sturdy frame, Bosch Smart system, and 1.7-hour charge make it great for daily rides or weekend trips. Shoppers can save a whopping $1,280 on this bike right now while supplies last, paying just $1,919 for a fully-equipped electric mountain bike at REI.