A man pumps gas at an Exxon station as the price of oil and gas has surged amid the U.S.-Israeli conflict with Iran, in Washington, D.C., U.S., March 5, 2026. Ken Cedeno | Reuters As the Iran war continues, and traffic through the Strait of Hormuz, a key global oil shipping route, remains stalled, many…
President Donald Trump said Thursday that neither the spike in oil prices nor the slump in the stock market during the Iran war were as bad he had anticipated. In a Cabinet meeting, Trump expressed confidence in the war effort and said the economic damage will reverse. Addressing Treasury Secretary Scott Bessent, the president said…
The Iran war and its impact on the global energy market will keep headline U.S. inflation this year well above the Federal Reserve’s projections, possibly necessitating policy action, according to a key global policy group. In its periodic update of economic conditions, the Organization for Economic Cooperation and Development forecast all-items inflation in the U.S….
Commuters cross London Bridge in London, England. Peter Summers | Getty Images News | Getty Images While the impact of the war in Iran is sparing no major global economy, the U.K. is predicted to bear the greatest economic hit of any developed market nation, according to the Organisation for Economic Co-operation and Development (OECD)….
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Maximilian Hess from Ementena Advisory says it’s a lose-lose for Washington, with Gulf pressure and Iran’s drone edge increasing the likelihood of U.S. ground intervention. <
Treasury yields rose on Thursday as investors digested mixed messages around the state of negotiations between the U.S. and Iran. The benchmark 10-year Treasury yield was more than 4 basis points higher at 4.374%. The 30-year Treasury bond yield was up by more than 3 basis points at 4.936%. The 2-year Treasury note yield was higher by more than 4 basis…
Tankers sail in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the U.S.-Israeli conflict with Iran, in United Arab Emirates, March 11, 2026. Stringer | Reuters Iran is preparing legislation that would impose tolls on ships passing through the Strait of Hormuz,…
U.S. President Donald Trump arrives at the G7 summit in Kananaskis, Alberta, Canada, June 16, 2025. Kevin Lamarque | Reuters The U.S. and Israeli war on Iran is having a catastrophic impact on the global economy, European members of the G7 have warned ahead of a key summit on Thursday. Foreign ministers from the group…
The screen of a GPS attached to the dashboard of a vehicle as residents of Dubai face GPS disruptions on March 9, 2026, in Dubai. The United Arab Emirates decried that it was being targeted “in a very unwarranted manner” in the war, stressing it would “not partake in any attacks against Iran”, which has…
An Iranian security worker monitors an area in phase 19 of the South Pars gas field in Assalooyeh, on Iran’s Persian Gulf coast, on Aug. 23, 2016. Morteza Nikoubazl | Nurphoto | Getty Images Oil prices have been gripped by volatility since the U.S.-Iran war began nearly four weeks ago. But analysts say the market…
