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Oil futures fall Thursday, reversing direction after reaching a four-year high on a report that President Donald Trump is considering escalating the war in Iran.
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U.S. Economy Grew 2 Percent in Early 2026 Even as War in Iran Began to Hit Energy Prices The New York TimesTrump's 'tortoise' economy: GDP grows even as Iran challenges loom PoliticoUS economic growth rebounds 2% as consumer spending slows amid Iran war The GuardianEconomy picked up in early 2026, but inflation jumped, too The Washington PostThe U.S. economy shows resilience despite the war with Iran NPR
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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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Wall Street is already looking beyond Big Tech quarterly results.
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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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European Central Bank keeps rates on hold in the face of inflation threat CNBCRising Fuel Prices Force Policymakers to Weigh Excruciating Choices The New York TimesECB keeps rates unchanged after debating possible hike ReutersMonetary policy decisions European Central BankLagarde Signals ECB to Consider June Hike After Latest Hold Blo
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Some fans in the U.S. and around the world are unhappy with World Cup ticket prices — and U.S. immigration policies. So they're deciding not to come, raising concerns across the travel industry.
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Hegseth spars with lawmakers as Iran war's price tag hits $25 billion The Washington PostTakeaways From Hegseth's Testimony on Iran War and His Tenure The New York TimesHegseth faces further grilling over Iran war strategy and costs - US politics live The GuardianSix takeaways from Hegseth's first hearing since Iran war started The Hill
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