Oil Is Down 15% From Its Peak. Gas Prices Are About to Fall. Kevin Warsh Takes the Fed in 7 Days. Here’s What This Week Changed for the American Economy.

NEW YORK / WASHINGTON, May 8, 2026 — What Changed This Week — Day by Day Monday opened with the worst day of the Iran war’s economic impact. Brent crude hit $114.40. Iranian fast-attack boats clashed with U.S. Navy vessels.…










