Stock Futures Are Falling, Oil Rising After New Strikes Over Strait of Hormuz

The U.S. says the strait is open to shipping traffic, but Iran said it's closed.

Warsh's First Big Call: Whether to Undo Last Year's Cuts

A steadier economy and stubborn inflation have put a rate increase in play. The new chairman, who testifies this week, hasn't tipped his hand.

U.S. and Iran Trade New Rounds of Attacks in Fight Over Hormuz