|
President Trump has declared the cease-fire on "life support," and investors are taking a cautious approach as the economic effects of the war become more apparent.
|
|
Trump leaves for Beijing today for a state visit with Chinese President Xi Jinping. And, a new inflation report is expected to show the war in Iran's impact on the U.S.
|
RELATED ARTICLES | | |
|
The Iran war has ratcheted up prices for gasoline, airfares and other expenses.
|
RELATED ARTICLES | | |
|
Inflation surged to 3.8% in April, its highest level in nearly three years, as the war in Iran causes a ripple effect across the economy and energy prices rise.
|
|
European began Tuesday's session in negative territory as prospects for a speedy resolution to the U.S.-Iran war appear increasingly remote.
|
|
The unanimous decision by the European Union, agreed to on Monday, was sparked by growing outrage over the devastation in Gaza during the Israel-Hamas war.
|
|
;Resize=(620)) As U.S. President Donald Trump travels to Beijing to meet with Chinese President Xi Jinping, the expectations around the highly anticipated summit between the leaders of the world's two largest economies are being tempered by the war against Iran, and as China appears to hold some key leverage.
|
|
Trump said Sunday that Iran's response to his latest proposal was "TOTALLY UNACCEPTABLE!" Ending the U.S. blockade before discussing Iran's nuclear program would eliminate a major point of leverage.
|
|
;Resize=(620)) Israeli lawmakers approved a bill on Monday setting up a special tribunal with the authority to try and sentence to death Palestinians convicted of taking part in the 2023 Hamas-led attack that triggered the war in Gaza.
|
|
Suspending the federal gas tax would require an act of Congress.
|
|
China has cushioned the worst of the energy shock through its strategic oil stockpiles and a diversified mix of renewable energy sources.
|
|
The Iran war, dragging into its second month, has spiked oil and gas prices in the U.S. and around the world.
|
|
