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G7 finance ministers weigh emergency oil reserve release as Middle East tensions send crude soaring above $115, threatening global economic stability.

Hostilities with Iran pose a potential risk for higher inflation as Federal Reserve policymakers monitor the energy price impact ahead of their next meeting to discuss rate cuts.

As American drivers face spiking prices at the pump, President Donald Trump asserted that increased oil prices are a "small price to pay" to achieve peace.

Ford is recalling 1.74 million vehicles over software issues causing rearview display failures. Bronco, Edge, Escape owners affected by display problems.

Ford's aggressive recall strategy targets safety issues before major incidents. All models but one affected since 2020, including Bronco, Explorer and F-150 Lightning.

G7 finance ministers will reportedly discuss a potential coordinated release of emergency oil reserves on Monday as crude prices jump amid the Iran war.