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The Federal Reserve's preferred gauge for inflation increased 2.8 percent annually and economists expect another bump in prices in the near-term.
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Scoop: Trump claimed in G7 call that Iran is "about to surrender" AxiosTrump threatens Iran leaders: ‘Watch what happens to these deranged scumbags today' The HillBlast rocks Tehran after Israel threatened to target area where pro-government rally was being held AP NewsUS eases sanctions on Russian oil to ease energy prices inflated by Iran war Reuters
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Middle East war live: US to ease Russian oil sanctions as energy prices soar Financial TimesTrump Removes Sanctions on Russia to Help Oil Flow Amid Iran Conflict The New York TimesU.S. allows temporary purchases of Russian oil already at sea to stabilize energy markets CNBCOil drops after US issues license for countries to buy Russian oil stranded at sea for 30 days Reuters
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Asian Stocks, Bonds to Echo US Drop as Crude Rises: Markets Wrap Bloomberg.comAsia-Pacific markets tumble as investors brace for a prolonged war in Middle East CNBCAsian stocks fall as Iran war keeps oil at $100, upends rate outlook ReutersAsia shares mostly lower and oil hovers around $100 a barrel over Iran war worries WRAL
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Beyond its effects on oil and gas, the unfolding war in the Middle East is roiling shipping and airfreight, threatening the availability of a vast range of goods.
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The sector has notched six losing trading sessions in a row.
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European stocks trade lower as oil prices stay above $100 a barrel CNBCStocks Selloff Continues as Oil Prices Soar Barron'sEuropean shares close lower as oil surge sparks inflation worries, rate hike bets ReutersEuropean Stocks Set for Second Weekly Drop as Iran War Weighs Bloomberg.com
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President Trump's pick to lead the Federal Reserve could faces a tough road to confirmation if he seeks quick interest rate cuts. The war in Iran doesn't help.
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UK economy fails to grow in January CNBCBleak economic data shows UK plc in trouble well before the Middle East crisis The GuardianLabour has given up on growth The TelegraphUK Economy Stagnated Even Before Iran War Began Bloomberg.comUK economy failed to grow in January, figures show BBC
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4 of 6 U.S. crew members confirmed dead after refueling plane crashes in Iraq NBC News4 Killed in Crash of U.S. Refueling Plane in Iraq, Military Says The New York TimesUS military announces rescue effort after fuelling aircraft crashes in Iraq Al JazeeraIran War Live Updates: U.S. Air Force Refueling Plane Crashes in Iraq WSJ
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Vance was ‘skeptical' voice in White House on Iran strikes PoliticoTrump's war tests his 'maybe less enthusiastic' VP Vance ABC NewsIs J.D. Vance Feeling Left Out of Trump's Big New War? New York MagazineVance, Rubio and others in Trump's inner circle preached caution on Iran. Now they're on board CNNHow Trump and Vance Differed on Iran War—and Why the VP's Former Remarks Are Recirculating Time Magazine
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Asia-Pacific markets set to open lower as investors brace for a prolonged Iran war CNBCAsian stocks slide as Iran war keeps oil near $100, dents rate-cut bets ReutersAsia shares mostly lower and oil hovers around $100 a barrel over Iran war worries ClickOnDetroit | WDIV Local 4Oil fears hit Asian stocks harder than profits Financial Times
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