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By STAN CHOE, AP Business Writer

NEW YORK (AP) — Oil prices leaped Monday on worries that war with Iran could clog the global flow of crude and make inflation even worse. U.S. stocks, meanwhile, swung from sharp losses to a tiny gain.

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  Energy prices surge as tanker disruptions and facility shutdowns rattle global supply

Crude prices jumped more than 6%, which will likely mean higher prices soon at gasoline pumps. That would hurt not only U.S. households, whose spending makes up the bulk of the U.S. economy, but also businesses with big fuel bills.

The S&P 500 fell as much as 1.2% at the start of trading, and cruise lines and airlines led the way lower. But U.S. stocks quickly erased those losses, in part because past military conflicts haven’t usually created sustained drops for the market, and the index finished the day with a gain of less than 0.1%. read more

By DAVID McHUGH, AP Business Writer

FRANKFURT, Germany (AP) — Oil prices rose sharply Monday as disruptions to tanker traffic through the Strait of Hormuz raised uncertainty about how U.S. and Israeli attacks on Iran would affect supply to the world economy.

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U.S. oil traded 7.6% higher at $72.12 per barrel, while international standard Brent was up 8.6% at $79.11 per barrel. Natural gas futures in Europe jumped more than 40% after Qatar, a major supplier, halted production due to the conflict. read more

By CATHY BUSSEWITZ

NEW YORK (AP) — Oil prices rose sharply when market trading began Sunday, as U.S. and Israeli attacks on Iran and retaliatory strikes against Israel and U.S. military installations around the Gulf sent disruptions through the global energy supply chain.

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Traders were betting the supply of oil from Iran and elsewhere in the Middle East would slow or grind to a halt. Attacks throughout the region, including on two vessels traveling through the Strait of Hormuz, the narrow mouth of the Persian Gulf, have restricted countries’ ability to export oil to the rest of the world. Prolonged attacks would likely result in higher prices for crude oil and gasoline, according to energy experts. read more

By Darius Tahir, Lauren Sausser, KFF Health News

It’s the rare policy question that unites Republican Gov. Ron DeSantis of Florida and the Democratic-led Maryland government against President Donald Trump and Gov. Gavin Newsom of California: How should health insurers use AI?

Regulating artificial intelligence, especially its use by health insurers, is becoming a politically divisive topic, and it’s scrambling traditional partisan lines.

Boosters, led by Trump, are not only pushing its integration into government, as in Medicare’s experiment using AI in prior authorization, but also trying to stop others from building curbs and guardrails. A December executive order seeks to preempt most state efforts to govern AI, describing “a race with adversaries for supremacy” in a new “technological revolution.”

“To win, United States AI companies must be free to innovate without cumbersome regulation,” Trump’s order said. “But excessive State regulation thwarts this imperative.” read more

By MARC LEVY

Hundreds of thousands of stranded travelers scrambled to make new connections and get through to airlines on jammed phone lines after the attack on Iran by the United States and Israel shut down much of the Middle East to air travel.

Tourists and business travelers crowded hotels and airports, with no word on when many airports would reopen or when flights to and through the Middle East would resume. Some governments advised their stranded citizens to shelter in place.

Shutdown airports in Dubai, Abu Dhabi and Doha — including Dubai International Airport, one of the busiest in the world — are important hubs for travel between Europe, Africa and the West to Asia. All three were directly hit by strikes.

Mohammad Abdul Mannan, in the crowd at Hazrat Shahjalal International Airport in Dhaka, Bangladesh, said he wasn’t concerned about the war, but that he needs to get his flight to the Middle East to make a living.

“We have set out to go for work, and we must go,” he said. “My only concern is how to go abroad and how to earn an income.” read more