As Iran retaliates with strikes of its own, the attacks now risk disrupting a major oil supply that could trickle down to what Americans pay at the pump.
A halt on trade flows through the strait of Hormuz could spell trouble for many developed economiesUS-Israel war on Iran – latest updatesThe US-Israeli war on Iran has ignited fears that escalating military aggression in the Middle East could send oil prices soaring, push up prices at the pump and drive a global economic downturn.The US began “major combat…
The stock market opened with losses Monday as oil prices spiked in the wake of U.S. and Israeli strikes on Iran. The Dow Jones Industrial Average was down more than 400 points, falling 0.9 percent shortly after the market opened. The S&P 500 index was down 0.6 percent, and the Nasdaq composite was down 0.7…
Oil and gas prices soared on Monday after the United States and Israel carried out strikes on Iran over the weekend that killed Iran’s supreme leader and other top officials. The strikes prompted the Islamic Revolutionary Guard Corps to effectively close the Strait of Hormuz to maritime vessels, shutting down a key global route for…
China criticized the US and Israeli military action against Iran, warning that it risks plunging the Middle East into deeper instability and undermining international law.
