How the Iran War Is Morphing Into a Volatile Standoff in the Strait of Hormuz
The conflict has morphed into a volatile standoff in the Strait of Hormuz, as the economic costs mount and President Trump faces a political backlash at home.
The conflict has morphed into a volatile standoff in the Strait of Hormuz, as the economic costs mount and President Trump faces a political backlash at home.
Stocks may be soaring again, but the war in Iran has started to pinch the finances of many Americans.
The conflict could also fuel another bout of inflation, according to the International Monetary Fund.
The conflict in the Middle East has left the Federal Reserve braced for higher inflation, with more officials open to the possibility of rate increases.
President Trump faces the possibility that at the end of his own two-to-three week window for wrapping up the war in Iran, nothing much will have changed.
As the White House prepares to release its 2027 budget, President Trump said military protection, not social programs, took precedence.
The average rate on a 30-year mortgage in the United States jumped to 6.46 percent, making it harder for buyers to afford homes.
President Trump did not define a clear path out of the conflict, which he estimated would end within three weeks.
The interconnectedness of global energy markets means that the effects of Iran’s blockade of the waterway are not limited to countries directly dependent on oil from the Middle East.
Iran continued to retaliate across the region on Tuesday but markets saw hopes that fighting might ebb. Israel said it would occupy a large chunk of Lebanon even after the war ends.