The opening days of the conflict are challenging the idea that President Trump can project force abroad while safeguarding American lives and the economy.
Prices for liquefied natural gas have shot up in recent days, which could bring bigger profits for European and U.S. energy companies.
Markets in Europe and the United States appeared to stabilize after days of turmoil, but stocks in Asia fell sharply.
Who will lead Iran once the war is over? “Most of the people we had in mind are dead,” says President Trump.
Energy prices continued to rise on Tuesday as attacks by the United States and Israel on Iran intensified, along with the country’s response.
The S&P 500 recovered ground in the afternoon but still ended the day lower, as investors sought cover from the unpredictable effects that the fighting could have on the world economy.
It is not clear who attacked the tanker, Stena Imperative. Its U.S. operator, Crowley, described “aerial impacts” and said that a fire on board was quickly extinguished.
Strikes on sites in Qatar and Saudi Arabia forced the closure of key production facilities and added to growing worries about global oil and gas supplies.
Strikes on sites in Qatar and Saudi Arabia forced the closure of key production facilities and added to growing worries about global oil and gas supplies.
Higher fuel prices and lower demand for international flights are expected to eat into airlines’ profits.