President Trump met with business owners in the White House’s East Room, bragging that his tax cuts and rule‑reductions have created a booming economy. He said the nation’s businesses are thriving and that the market is “roaring. ” The event was billed as a celebration of Main Street’s revival under
The war with Iran has gone on longer than many expected. Trump and his team think they are winning, but the reality is different. Both sides claim victory while staying far apart on key issues. Iran has tried to restart talks. Trump rejected the new offer quickly, saying it was not enough.
The U. S. economy has seen a solid 2 percent increase in early 2026, even as oil prices have spiked over 60 percent after the Strait of Hormuz shut down. Brent crude, the global standard, climbed from about $70 a barrel in February to around $120 this week. Contracts for July and August deliveries n
Oil prices hit their highest level in four years this week, pushing past $126 per barrel. That surge isn’t just about supply—it’s because of rising fears over potential military action in the Middle East. Reports suggest the U. S. is considering sending advanced weapons to the region, which has kept
Markets around the world showed a split picture today. While most major stock indices moved only slightly, oil prices jumped over three percent, driven by worries about the ongoing conflict in Iran and its impact on the Strait of Hormuz. In the United States, futures for the S&P 500 and the Dow Jon
The global oil benchmark, Brent crude, climbed 4 % to about $109 a barrel for July delivery. Before the conflict in Iran, this grade traded near $72 a barrel. U. S. West Texas Intermediate also jumped more than 4 % to just above $104 a barrel for June delivery. Investors watch the Strait of Ho
The chairman of the Eurozone finance ministers, Kyriakos Pierrakakis, told a Washington event that the worst case—stagflation triggered by the U. S. and Israel’s conflict over Iran—is not yet happening. He said that the sharp jump in oil, gas and fertilizer prices caused by a potential shutdown of
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
Zambia recently chose to pause fuel taxes for three months to protect drivers from rising oil prices caused by regional conflicts. The move will cost the government around $100 million in lost revenue, adding pressure to an already tight budget. Finance officials admit the decision leaves fewer fund
