Iran declared on Friday that the Strait of Hormuz has reopened for all commercial vessels. While the news caused stocks to rally and oil prices to drop, it’s unclear yet whether or not the market reaction is premature. Plus, we take a look into the aging demographics of first-time homebuyers and their shrinking share of the housing market.

The head of the International Energy Agency warned on Thursday that Europe could run out of jet fuel in few as six weeks. The continent is the biggest consumer of jet fuel shipped through the Strait of Hormuz, and ongoing closures in the strait could lead to swaths of flight cancellations. Also on the program: we discuss shifting expectations for American universities, our aging first-time homebuyer population, and changes at Netflix.

The Federal Reserve is meeting at the end of this month to figure out what to do with interest rates. They have a tough task ahead of them: weighing the job market, inflation, and a war in the Middle East that is "roiling supply chains in ways that are similar ... to what we saw emerging from the pandemic," said KPMG's Diane Swonk. Also on the show: Rising health insurance costs are dragging down wage growth.

Power utilities plan to spend $1.4 trillion over the next five years on capital projects. A lot of that boils down to grid maintenance and projects to support additional power generation. That’s a 21% increase over what utilities were planning to spend a year ago — and it could drive up household utility bills. Then, it’s been a little over three months since the capture of Venezuelan President Nicolás Maduro. How has Venezuela's oil industry changed since?

We talk a lot about the price of oil on this show, but there are actually dozens of types of oil. On today's program, we're learning about where they come from, what they're used for, and why the price of oil futures differs from oil's on-the-spot market price. And later, as energy gets more expensive, governments around the world are asking people to try to conserve energy. How much of an impact do those moves have?

The Trump administration says it’ll start issuing refunds for tariffs the Supreme Court ruled were collected illegally next week. Customs and Border Protection's automated system will be able to process about 82% of the tariff payments, worth about $127 billion. More complicated claims will have to wait. Then, we'll discuss what the closure of the Strait of Hormuz means for U.S. oil producers. Plus, could a United Airlines-American Airlines merger be in the cards?

It's springtime, meaning the real estate market is supposed to be popping. But fresh data from the National Association of Realtors shows seasonally adjusted sales of existing homes are actually down 3.6%. What's going on? Also on the show, Chinese exports slowed sharply last month amid energy shocks, and a surge in the cost of petrochemicals — used in plastics, fertilizers, and more — is likely to translate to higher costs on supermarket shelves.

It's almost Tax Day. And while some of us may have waited till the last minute to do our taxes, the federal government sure won't be wasting any time spending them. This morning, we're unpacking how much of your tax bill goes toward services like defense, Social Security, health care, food assistance, the national debt, and more. Plus, there's been no net job creation over the last six months, which can make the economy more vulnerable.

The U.S. has threatened a blockade of Iranian ports set to go into effect this morning. That means the supply of oil will be even more restricted than it was before. We'll dig into what all this means for oil markets. Plus, the economic consequences of the war are reshaping businesses' hiring plans stateside, too. And, there's a parade of banks releasing results this week. Investors are paying close attention.

Grocery prices on average are up about 2% compared to this time last year. But split up the food groups, and we start to see some bigger numbers. Tomatoes, lettuce, and nonalcoholic beverages (especially coffee) led the way for price increases. Meanwhile, the cost of meat and dairy declined. Why? Also: a Straight of Hormuz blockade courtesy of the U.S., and a look at how Trump's tax and spending law could impact charitable giving.