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Iran hits Gulf energy sites, escalating war, as U.S. mulls sanctions rollback The Washington PostLive updates: Iran war news; Netanyahu says Israel ‘acted alone' in gas field strike as energy costs soar CNNNetanyahu says Israel 'acted alone' in attack on Iranian gas field BBCIsraeli Officials Said U.S. Was Told About South Pars Attack The New York TimesLive updates: Energy prices soar after Trump threatens Iran gas field; F-35 hit by 'suspected enemy fire' NBC News
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Shares of FedEx rose in extended trading Thursday after the package-delivery giant said it expected slightly better sales and profits for this year, even as the Iran war threatens larger shipping disruptions and drives fuel prices higher.
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Global benchmark oil prices were pulling back from their highest level in nearly four years on Thursday afternoon after President Trump said he wouldn't send troops to the Middle East, helping to ease energy-market concerns about the Iran conflict.
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Attacks on oil and natural gas facilities this week could make it much harder for Persian Gulf countries to rebuild and restart production when the war eventually end.
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There's considerable damage being done below the surface of the stock market as oil prices surge, and no end in sight to the Iran conflict
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The war in Iran has upset the economic equilibrium Europe threatening energy supplies, growth and the outlook for consumer prices, upsetting economic forecasts.
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Europe and Japan ready to help steady energy prices and secure chokepoint Yahoo News UKView Full Coverage on Google News
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Jerome H. Powell, the chair of the Federal Reserve, emphasized the high degree of uncertainty stemming from the conflict as he acknowledged the potential for surging energy prices to lift inflation and dent growth.
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