The Latest Breaking News from Iran War

Oil crisis: World is set to run out of fuel in July? Here's what International ⁠Energy Agency is saying

Brent oil futures were trading around $108 per barrel on Thursday, off their wartime highs of $126 per barrel, but still significantly above the $70 per barrel they were trading at before the Iran war began.

The Economic Times · May 21

UK offers cheaper chocolate and tickets to the zoo in bid to ease cost of living squeeze

The British government is offering cheaper chocolate and discounted theme park entry to ease the cost-of-living squeeze triggered by the Iran war

AAP · May 21

'Am I out?' Drought and rising costs from Iran war deepen pain for US farmers

American farmers in Texas, Kansas, Oklahoma, South Dakota, and Nebraska face immense challenges. Rising fuel and fertilizer prices, linked to the Iran war, are compounding the effects of a severe drought. This situation is leading to smaller harvests and financial strain for many agricultural producers across the Plains states.

The Economic Times · May 20

FED:Aged care price cap reform latest casualty of Iran war

Older Australians will have to wait longer for price limits on home care services as the government cites rising costs and volatility caused by the Iran war.

AAP · May 19

Asian shares trade mixed and Kospi falls nearly 4% as oil prices keep swinging

Asian shares are mostly lower as uncertainty about what will happen with the Iran war roils global markets

The Independent UK · May 19

EU To Downgrade Growth Forecast Due To 'Stagflationary Shock' From Iran War

The European Union will cut its growth forecast as a result of the "stagflationary shock" from the Iran war, its economy commissioner said.

International Business Times · May 18

Rupee hits record low of 96.18 vs USD as rising yields add to oil shock

The Indian rupee hit a new all-time low against the dollar on Monday, plummeting to 96.18. Soaring global bond yields, fueled by elevated energy prices from the Iran war, have weakened investor confidence. This marks the rupee's fifth consecutive session of record lows, making it Asia's worst-performing currency this year.

The Economic Times · May 18

Trump's Three-Time Voter Brands President 'Naive' as Iran War Sends Fuel Prices Soaring in GOP Areas

The US-Iran conflict has driven oil prices up, impacting rural Colorado's economy and testing political loyalties, as residents express frustration over the administration's handling of the crisis.

International Business Times UK · May 17

Eric Spracklen Slams Donald Trump: 'Disgusting Betrayal' Rocks MAGA Base

Spracklen has denounced Donald Trump's handling of the Iran war as a 'disgusting betrayal' after the president admitted he does not think about Americans' finances when negotiating with Tehran.

International Business Times UK · May 14

Why a growing number of Trump supporters are experiencing voter’s remorse

In recent months, some prominent conservatives and erstwhile allies of President Donald Trump – former U.S. Rep. Marjorie Taylor Greene and journalist Megyn Kelly, for example – have voiced their displeasure with him on several issues. They range from Trump’s handling of the Iran war and the economy to the…

The Conversation · May 14