Middle East Conflict

Chris Wright, the Energy Secretary, stated that there could be a decrease in gas prices by the upcoming summer. Wright, in an interview with NBC News “Meet the Press” on Sunday, expressed optimism when asked about the possibility of gas prices falling below $3 per...

President Donald Trump indicated a likelihood of postponing his upcoming trip to China until the Xi Jinping-led nation and other allies counteract Iranian disruptions in the Gulf.  In an interview with the Financial Times on Sunday, Trump expressed his hope for China’s assistance in...

President Donald Trump is reportedly considering the capture of Iran’s primary oil depot on Kharg Island. The seizure would necessitate the presence of U.S. military forces on the ground. This development comes amid the continuing blockade in the Persian Gulf, which is hindering Gulf oil...

Here are the latest developments in the U.S.–Israel–Iran war on Friday at 9:30 AM ET, as the conflict enters its fourteenth day. On Thursday, Iran's new Supreme Leader, Mojtaba Khamenei, warned that the Strait of Hormuz will stay closed as leverage against the U.S., regional attacks will continue,...

President ​Donald Trump said the U.S. ‌would escort ships through the Strait of Hormuz if needed, adding that the U.S. would strike ⁠Iran “very hard over the next week.” In a Fox News Radio interview with Brian Kilmeade, set to air at 10 AM ET on Friday, Trump gave no other details when...

President Donald Trump believes that Iran’s new Supreme Leader, Mojtaba Khamenei, is still alive, despite his absence from public view since the war in Iran began. In an interview with Brian Kilmeade, set to air on “The Brian Kilmeade Show” on Friday at 10:00 AM ET on Fox...

BlackRock Inc. (NYSE:BLK) CEO Larry Fink expressed his belief that the ongoing U.S.-Iran conflict will not have lasting economic consequences, even as oil prices continue to rise. During his appearance on Fox News’ “Special Report” on Wednesday, Fink dismissed...

Here are the latest developments in the U.S.–Israel–Iran war on Wednesday at 9.30 AM ET, as the conflict enters its twelfth day. On Tuesday, President Donald Trump warned Iran not to place naval mines in the Strait of Hormuz, threatening severe military retaliation if such activity were confirmed....

Here are the latest developments in the U.S.–Israel–Iran war on Tuesday at 9.15 AM ET, as the conflict enters its eleventh day. On Monday, President Donald Trump said the war against Iran is "pretty much" complete and could end soon, claiming Tehran's military and missile capabilities have been...

Israel’s extensive strikes on 30 Iranian fuel depots have reportedly ignited the first major discord between the U.S. and Israel since the conflict commenced on February 28. Israel’s strikes were more widespread than the U.S. had predicted when it was informed beforehand. The...

Here are the latest developments in the U.S.–Israel–Iran war on Friday at 7:45 AM ET, as the conflict enters its seventh day. According to the Iran Red Crescent Society, at least 1,230 people in Iran have been killed since the war began on Saturday. Iran's Red Crescent chief Pir Hossein Kolivand...

The ongoing U.S.-Iran war has unsettled markets this week. Over the past 5 days, the Dow Jones Industrial Average (DJIA) fell 2.64%, and the S&P 500 eased 0.38%. However, the NASDAQ Composite climbed 0.59% during the period. The EURO STOXX 50 also declined 5.98%, Nikkei 225 fell 4.06%, while...

The United Arab Emirates (UAE) is reportedly considering freezing billions of dollars in Iranian assets, a move that could have a severe impact on Tehran's economy. The potential action is a response to the escalating U.S-Iran-Israel war and could severely restrict Iran’s access to foreign...

Edward Yardeni, President of Yardeni Research, has expressed his perspective on the current Iran conflict and its potential repercussions on the global markets. Yardeni, in an interview with CNBC on Tuesday, predicted a “short war scenario”, expecting the conflict to wind up in a...

JP Morgan analysts have warned that the ongoing closure of the Strait of Hormuz could significantly reduce crude oil supplies from Iraq and Kuwait within days. Analysts, as cited by Reuters, predicted that the ongoing Middle East conflict could lead to a cut of 3.3 million barrels per day (bpd) by...