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The longer the disruption to Middle East fuel supplies lasts, the risk grows that higher energy costs will feed into broader inflation that could dent economic growth.
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Iran warned President Trump's naval blockade was "doomed to fail" as oil prices soared to their highest point in years with the standoff over the Strait of Hormuz wreaking havoc on the global economy.
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The Bank's latest meeting reveals some interesting details on how our finances might be affected due to the Iran war.
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Consumers faced escalating prices in March as the Iran war sent oil soaring and created a new level of challenges for the Fed.
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The Bank of England voted to hold interest rates at 3.75% as it monitors the knock-on effects of the Middle East conflict.
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Despite the fragile cease-fire in the Middle East, many Africans say they are bracing for tougher times ahead and making difficult decisions about the future.
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The Iran war has nearly doubled jet fuel prices in the United States. That means the bill for firefighting aircraft operations this summer will likely rise by tens of millions of dollars.
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The Pentagon estimates the war with Iran has cost $25 billion so far. And, the Supreme Court ruled that Louisiana's 2024 election map was "an unconstitutional racial gerrymander."
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April 29, 2026 | Families of Tumbler Ridge, B.C., mass shooting victims are suing OpenAI over its failure to alert police to the shooter's ChatGPT history. U.S. Secretary of War Pete Hegseth lashes out at congressional Democrats over the Iran war. And Whitecaps fans rally to keep their team in Vancouver.
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President Trump said he would not drop his blockade of Iran's ports designed to pressure Iran to make a nuclear deal. Plus, Democrats grilled Pentagon leaders over the war. NBC News' Ryan Nobles reports.
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The Pentagon says that the cost of the war with Iran is estimated to be some $25 billion. Defense officials were appearing on the Hill for budget discussions.
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