Business Bible News Market Minute: March 10 @ 12:00PM ET

This is a Business Bible News Market Minute for Tuesday March 10 at 12:00 PM Eastern Time. According to Bloomberg, oil supply cuts in the Middle East are deepening, shaving about 6% off global output, as the effective closure of the Strait of Hormuz piles more pressure on producers with every day the Iran war goes on. Global markets are mixed today. In overseas trading, the Nikkei is up 1,320 points. The Dow is up 251 points to 47,992. Oil is trading at $84 per barrel while gold is at $5,242 per ounce. Today's Daily Principle is BUSINESS, specifically dealing with Wages. This principle is found in 1 Kings 5–6. The verse reads: 'So send your men to Lebanon to cut down cedars for me. My men will work with them, and I will pay your men whatever you decide. As you well know, my men don't know how to cut down trees as well as yours do.' Learn more at businessbible.com where Daily News meets Daily Principle.