Sign in Subscribe

strait of hormuz

US inflation surges to 3.3% as Iran war impact bites

US inflation surges to 3.3% as Iran war impact bites

Inflation in the United States rose sharply in March, government data showed Friday, as higher energy prices due to the war in the Middle East hit Americans hard. The nationwide sticker shock put pressure on President Donald Trump, who has ordered peace talks with Iran and faces mid-term elections

Stocks up, oil down over week on guarded optimism for Iran

Stocks up, oil down over week on guarded optimism for Iran

Wall Street stocks rose sharply over the week and oil prices fell as a fragile truce was struck between the United States and Iran, with ceasefire talks due to start in Islamabad on Saturday. For the week, all three major US indices advanced by more than three percent. Oil prices

Starmer says NATO in US's 'interests' as Gulf tour ends

Starmer says NATO in US's 'interests' as Gulf tour ends

British Prime Minister Keir Starmer insisted on Friday that NATO was "in America's interests", at the end of a three-day visit to the Gulf to discuss bolstering the "fragile" Middle East truce. Starmer's comments followed US President Donald Trump's

Trump says Iran has 'no cards' beyond Hormuz control

Trump says Iran has 'no cards' beyond Hormuz control

President Donald Trump said Friday that Iran has "no cards" in upcoming talks with the United States -- apart from Tehran's effective stranglehold on the crucial Strait of Hormuz shipping channel. "The Iranians don't seem to realize they have no cards, other than a

US ceasefire with Iran: What’s next? A former diplomat explains 3 possible scenarios

US ceasefire with Iran: What’s next? A former diplomat explains 3 possible scenarios

(MEDFORD, MA) President Donald Trump on April 7, 2026, announced a ceasefire between the United States and Iran, after more than a month of war marked by U.S. and Israeli strikes against Iranian military leadership, Iranian retaliation against regional oil infrastructure and a global energy crisis. As a former

War's impact on fertilisers stirs food producer fears

War's impact on fertilisers stirs food producer fears

Even as Gulf tanker traffic slowly resumes, the road back to normal food production will be long and arduous, given the war's impact on fertiliser supplies, the UN has warned. With factories shuttered and soaring gas prices driving up production costs around the world, fertiliser prices have risen

Middle East war: global economic fallout

Middle East war: global economic fallout

Here are the latest economic events in the Middle East war: - US inflation surges - Inflation in the United States rose sharply in March, government data showed, as higher energy prices due to the war in the Middle East hit Americans hard. Prices rose 3.3 percent year-on-year in