Friday's market rally extended the best Nasdaq run in decades. But Iran said Saturday the Strait of Hormuz is "under strict control." Tesla earnings loom.

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Iran war, $4 gas prices, took all the fun right out of the U.S. consumer economy

CNBC2026.04.18

Consumers are still spending amid U.S.-Iran war and $4 gas prices, but there's a pullback at entertainment and dining venues hitting local economies hard.