The U. S. government recently argued that its military strikes against Iran weren’t a new conflict but part of an old one. According to top legal officials, these actions were taken to protect Israel and prevent Iran from gaining nuclear weapons. The strikes began in late February, killing Iran’s le
Officials keep giving different answers about when gas prices might drop. First they said weeks, then months, then maybe never before the election. Energy Secretary Chris Wright started with a confident \"weeks\" timeline in early March. By April, he called summer a \"very aggressive\" guess. Just d
The city’s newest mayor, a self‑described democratic socialist, recently discussed how the ongoing conflict in Iran is pushing up gasoline and other living expenses for New Yorkers. He said that while the war is a separate issue, it only adds to an already steep cost‑of‑living crisis that has been p
A fresh battle in the Persian Gulf isn’t just shaking up oil markets—it’s threatening the fragile promises rich countries made to help poorer nations fight climate change. Every dollar spent on war is one less dollar earmarked for solar panels, flood barriers, and clean-energy grids in places that d
China is moving quickly to calm the fighting in Iran, all while getting ready for a meeting with U. S. President Donald Trump next month. The country’s top leader, Xi Jinping, will meet the president in mid‑May, and China wants to keep its ties with Iran strong without upsetting Washington. Becau
The White House has no clear answer for how much the recent conflict with Iran might cost, even as officials push for a $1. 5 trillion military budget boost. The lack of transparency has sparked frustration among lawmakers, some of whom question why a specific price tag can’t be given for a war just
Financial leaders worldwide turn their eyes toward Washington this week, where one of the most powerful finance chiefs from Europe just fired a warning shot about money and markets. The head of the UK Treasury, sitting across from TV cameras in the capital of the United States, made clear that the o
The U. S. Treasury Secretary recently shared an upbeat take on the country’s economy, brushing off worries about the Iran conflict. While wars often disrupt markets, he argued that America’s economy could still expand by more than 3% this year. Global watchdogs like the IMF and World Bank, however,
The war near Iran has messed with fertiliser supplies, and that’s bad news for poorer countries that can’t easily swap suppliers. About a third of the world’s nitrogen fertiliser usually moves through the Strait of Hormuz, a narrow waterway where ships are getting delayed or rerouted. Since many far
Nigeria is scrambling to adjust its economic recovery plan after fuel prices spiked over 50% since the Iran conflict began. The sudden price jump, from around 880 naira to 1, 330 naira per liter, has made life harder for normal Nigerians and small businesses struggling to keep up. Even though the co
