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U.S. Treasury yields fell on Wednesday after the U.S. and Iran agreed to a two-week pause in hostilities.
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The eventual ask of Congress is likely to fall between $80 billion and $100 billion, officials said, less than half the amount of an earlier proposal to offset costs of the conflict.
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Air strikes hit the Tyre and Nabatieh areas hours after the US-Iran ceasefire was announced.
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President Donald Trump agreed to the ceasefire with Iran after discussions with Pakistan Prime Minister Shehbaz Sharif.
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Across Europe and the globe, the war has damaged economies, roiled politics and underscored a lack of options in dealing with President Trump's whims.
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Markets reacted positively after the United States and Iran reached a last-minute cease-fire agreement.
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As part of the agreement, set to take effect immediately, Trump said the U.S. and Israel would suspend bombing Iran for two weeks, subject to Iran following through on its commitment to reopen the Strait of Hormuz for safe passage during the ceasefire period.
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Mortgage rates have been rising and hundreds of the cheapest deals have disappeared over the last month.
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The prime minister welcomes the deal, saying the UK will do "all we can to support and sustain this ceasefire".
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Natural gas is hard to store, but China has found a way to do it, while also developing alternate suppliers and expanding production at home.
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The past two winners of the Grand National - I Am Maximus and Nick Rockett - head the field for Saturday's race at Aintree.
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A Republican won Marjorie Taylor Greene's seat, but Democrats shifted the district 25 points to the left since the 2024 presidential race. Conservative candidates lost in Wisconsin, too.
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We talked to voters in neighborhoods where Zohran Mamdani is revered, in areas where he is feared and in diverse parts of the city where opinions differ.
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A new Marist poll found that about half of New Yorkers approved of Mayor Zohran Mamdani's job performance, while a larger share of respondents believed the city was moving in the right direction.
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Rex Heuermann, who is charged with murdering seven women dating back to the 1990s, was arrested in 2023 and has pleaded not guilty. His trial is set to start after Labor Day.
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Delta is scaling back its flight plans as fuel costs grow to reduce its expenses.
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The former glamour model, from Brighton, has received bans totalling more than six years since 2010.
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The Democratic lawmakers on Capitol Hill backed steps like impeachment and removing the president via the 25th Amendment, even after Trump's ceasefire announcement.
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The first U.S.-born pontiff has consistently called for dialogue to resolve the war in the Middle East. He referred to Trump's Iran threats as ‘truly unacceptable.'
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President Donald Trump's threats to ramp up the U.S. offensive in Iran prompted calls for his impeachment or removal.
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President Trump has backed down from his threat to wipe out Iran's civilization and bomb its power plants by Tuesday night. Online, he said he agreed to suspend the bombing of Iran for two weeks.
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The near closure of the Strait of Hormuz since the war began has led to a historic oil supply shock, which quickly sent global energy prices soaring.
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The victims had no ties to Hezbollah, and Israel said they were not targets. Many Lebanese are angry with Israel, but also with Hezbollah for embroiling their country in the war.
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The provisional truce comes more than a month after the US and Israel launched coordinated attacks on Iran.
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Markets are rejoicing after President Donald Trump announced a two week cease-fire with Iran and Tehran signaled a reopening of the Strait of Hormuz.
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Amid threats to bomb civilian infrastructure, the president said he had received a 10-point proposal from Iran that formed a "workable basis" for continued negotiations.
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NBC News' Keir Simmons reports on Iran's agreement to a two-week ceasefire, statements from Iran's Supreme National Security Council, potential U.S.-Iran negotiations, and reaction from the Middle East.
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More than 70 Democratic lawmakers, questioning his mental fitness, called for the president's removal from office through impeachment or the 25th Amendment.
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The United States and Israel attacked Iran on Feb. 28, starting a weekslong war that spread to neighboring countries and rocked global markets.
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President Trump announced a two-week pause on Iran strikes if the country agrees to reopen the Strait of Hormuz. Trump had earlier threatened to wipe out the country's infrastructure, saying "a whole civilization will die tonight," if no deal was reached.
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Iranians on the ground say they are juggling feelings ranging from hope to despair as bombings go on and threats escalate.
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President Trump has announced a two-week ceasefire with Iran, contingent on their opening of the Strait of Hormuz. In an earlier online post, he had threatened "a whole civilization will die tonight."
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More than one million people in Lebanon have been displaced since the start of the war as Israel expands its ground operation there.
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US officials say they are now "working to support her safe departure from Iraq".
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President Trump had been under increasing pressure to find a way out after he threatened to wipe out Iran's civilization on Tuesday night unless Iran reopened the Strait of Hormuz.
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The Chicago-born pope suggested fellow Americans call their congressional representatives and ask for peace, not war.
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Vice President J.D. Vince slams the European "bureaucrats" for allegedly meddling in Hungarian politics, as he joins an election rally with incumbent Prime Minister Viktor Orban
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Prime Minister Keir Starmer's government blocked the artist formerly known as Kanye West from entering Britain for the three-day Wireless Festival in July.
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Pope Leo XIV says that U.S. President Donald Trump's threat to destroy Iranian civilization is "truly unacceptable" and that any attacks on civilian infrastructure violate international law
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American journalist Shelly Kittleson, who was kidnapped in Baghdad, Iraq, on Thursday, has been released by her abductors.
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West was due to headline the festival in July but drew criticism over past antisemitic comments.
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President Trump has threatened devastating attacks if Iran does not reopen the Strait of Hormuz. Some Iranians questioned what had happened to American values.
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The crew of the NASA mission had a quiet day as they flew home toward Earth.
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After Democrats flipped two seats in surprising legislative elections, Florida political insiders weigh whether Republican should risk redistricting later this month to win more House seats.
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NPR's Juana Summers talks with Sen. Mark Kelly, D-Ariz., about President Trump's threats to target all Iran's power plants if a deal isn't reached — and whether such threats constitute illegal orders.
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