Higher Oil Prices Could Put the Fed in a Bind as Labor Market Softens
Investors now expect that the Fed will delay a rate cut until September instead of July, as they had before the war in Iran began.
Investors now expect that the Fed will delay a rate cut until September instead of July, as they had before the war in Iran began.
President Vladimir V. Putin threatened to cut off remaining gas supplies to Europe as the Iran war drives a surge in energy costs.
Energy prices continued to rise on Tuesday as attacks by the United States and Israel on Iran intensified, along with the country’s response.
Ayatollah Ali Khamenei has built his 37-year rule on uncompromising repression. His answer to the current protests is no different.
Its security forces have brutally defended the Islamic Republic, but the protests show that many Iranians consider it stagnant and ideologically hollow.
Demonstrations that began as outrage at the state of the economy have spread to cities across the country, amid an escalating crackdown by the authorities.
Bazaars were shuttered and demonstrators met with violence from security forces amid rising anger about the country’s dire economic situation.
Officials said that leaders were in survival mode amid anti-government protests and the prospect of again coming into the cross hairs of Israel and the United States.
Galloping inflation, a currency crisis and anger at the regime have fueled demonstrations across the country.
Mr. Trump’s remarks that he was ready to come to the protesters’ “rescue” are a sharp escalation as protests over economic hardship turned deadly.