Iran War
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Defense NewsU.S. lawmakers examine higher aviation fuel costs for fiscal 2027 defense bill
Lawmakers are reviewing the impact of increased fuel prices on military aviation budgets ahead of the fiscal 2027 National Defense Authorization Act. The discussion occurred during a Senate hearing on the Department of Defense posture.
indianexpress.comUS Farmers Borrow More as Input Costs Rise
U.S. farmers have taken on additional debt as input costs rise. Some borrowers are falling behind on repayments. The changes coincide with higher expenses linked to the Iran war.
SemaforIran War Disrupts Saudi Economic Diversification Plans
Saudi Arabia has ordered government entities to freeze payments to strategy advisers, management consultants, and law firms. The move comes as the Iran war affects the kingdom's efforts to reduce reliance on oil.
armstrongeconomics.comU.S. Secretary of State to Meet NATO Ministers on Iran War and Troop Plans
U.S. Secretary of State Marco Rubio will meet NATO foreign ministers on Friday in Sweden. The meeting follows President Trump's criticism of alliance members over the Iran war and plans to withdraw 5,000 troops from Europe.
armstrongeconomics.comWorld Fertilizer Prices Rise 44 Percent Since Start of Iran War
Global fertilizer prices have increased 44 percent since the beginning of the Iran War and now stand at their highest level since 2022. The rise coincides with the effective closure of the Strait of Hormuz, through which roughly one-third of globally traded fertilizers normally p…
Substrate placeholder — needs reviewIsrael and Lebanon Hold Third Round of US-Mediated Talks
Representatives from Israel and Lebanon met in Washington on May 14, 2026, for their third round of discussions since hostilities reignited in March. The talks occurred one day after Israeli strikes killed 22 people in Lebanon and amid ongoing border incidents. Separately, U.S. o…
al-monitor.comIraq Holds Talks With IMF on Financial Support
Iraqi officials approached the International Monetary Fund last month for financial help following the U.S.-Israeli bombing campaign against Iran that began Feb. 28 and led to the closure of the Strait of Hormuz. The move comes as most of Iraq's oil exports, which account for nea…
jpost.comTrump Meets Chinese President for Summit on Iran War Trade and Taiwan
U.S. President Donald Trump is holding a two-day summit with the Chinese president in Beijing. The discussions are expected to cover the war on Iran, trade, technology and Taiwan. The White House described the talks as a 'good meeting.'
jta.orgPoll Finds 33% of U.S. Voters View Israel as Ally, 20% as Enemy
A Napolitan News Service survey of 1,000 registered voters conducted May 11-12, 2026, found only 33 percent now consider Israel an ally, down sharply from early March. One in five voters view Israel as an enemy. The poll coincides with the Iran War exceeding 10 weeks despite Pres…
BloombergIsraeli Prime Minister Visits UAE
Israel's government said the prime minister made a covert trip to the United Arab Emirates and met its president. The visit produced what officials called a historic breakthrough in bilateral ties. Separately, Saudi fighter jets struck targets linked to Tehran-backed militias in…
Fox NewsTrump Arrives in Beijing for Summit With Xi Jinping
President Trump landed in Beijing Wednesday for two days of talks with Chinese President Xi Jinping, his first visit to China in nearly a decade. The agenda includes trade disputes, the ongoing war with Iran, Taiwan policy and semiconductor restrictions. Trump is traveling with a…
New York PostNetanyahu Interview Airs on 60 Minutes Following Bari Weiss Booking
Israeli Prime Minister Benjamin Netanyahu's first major U.S. broadcast interview since the start of the Iran war aired Sunday on 60 Minutes with Major Garrett. CBS News editor in chief Bari Weiss personally booked the sit-down and offered Netanyahu a choice between Garrett and Le…
Military.comTrump Says Rising Gas Prices Not a Factor in Iran Negotiations
President Trump said Tuesday that preventing Iran from acquiring a nuclear weapon is his sole priority in negotiations, dismissing any influence from rising domestic costs caused by the Middle East conflict. The comments came as he departed Washington for a summit with Chinese Pr…
nationalobserver.comInflation Tops Forecasts as Energy Prices Surge Post-Iran Conflict, Lifting Odds of Fed Rate Hike
A hotter-than-expected consumer price index report released May 11 or 12, 2026, sent market pricing to imply a 37% chance of a Federal Reserve rate increase by year-end. Energy costs tied to the Iran war that began in late February 2026 drove more than 40% of the CPI gain, liftin…
abcnews.go.comTrump Administration Directs DOJ to Seek Reporter Subpoenas in Iran War Leak Probe
President Trump has personally urged the Department of Justice to issue subpoenas to reporters covering the Iran war in order to identify their sources. CNN reported the development on Tuesday. The segment featuring the reporting aired at 8:54 a.m. EDT.
NprPoll Shows American Views on China, Tariffs and Iran as Trump Visits Beijing
A new poll finds most Americans view China as an economic rival or adversary but favor maintaining trade ties and reducing tariffs to lower consumer costs. The survey also shows divided opinions on the war in Iran, with majorities saying it has harmed U.S. national security, the…
Calbee Changes to Black-and-White Packaging Due to Ink Shortage
Calbee Inc. will begin using monochromatic packaging for 14 snack products starting May 25 as the Iran war disrupts naphtha supplies needed for colored printing inks. The Tokyo-based company, Japan's largest snack maker, said the contents of its potato chips, shrimp crackers and…
rediff.comModi Urges Indians to Work From Home, Cut Gold Purchases and Limit Foreign Travel
Prime Minister Narendra Modi called on citizens to revive remote work, carpool, cut fertiliser use in half and stop buying gold for a year to conserve fuel and foreign exchange. The appeal came as the closure of the Strait of Hormuz for more than two-and-a-half months has driven…
indiatoday.intoday.inModi Calls for Reduced Fuel Use and Gold Imports
Prime Minister Narendra Modi called on citizens to adopt austerity measures to conserve fuel and foreign exchange as the Iran war disrupts global oil supplies. Speaking in Hyderabad, he framed responsible daily choices as a form of patriotism. The appeal comes as India's rupee hi…
rte.ieHeathrow Passenger Numbers Fall 5% in April as Middle East Traffic Halves Amid Iran War
Heathrow Airport reported a 5% decline in passenger numbers for April, directly linking the fall to the impact of the Iran war on travel plans. Middle East traffic at the airport plunged 50% during the month. The figures mark the first detailed breakdown of how the conflict has a…
crooksandliars.comSen. Kelly Discusses Pentagon Munitions Data From Iran War Briefings on CBS
Secretary of Defense Pete Hegseth on May 11, 2026, directed the Pentagon to review whether Sen. Mark Kelly disclosed classified information during a television interview discussing depleted U.S. munitions stockpiles in the war with Iran. The move comes days after a D.C. Circuit C…
France 24U.S. and Iran Exchange Proposals to Extend Ceasefire
President Donald Trump dismissed Iran's counterproposal to end the 10-week war that began Feb. 28, calling it totally unacceptable hours after Tehran delivered its reply through Pakistani mediators. The response came as Russian strikes wounded at least nine people in Ukraine on t…
FortuneU.S. Officials Meet Qatari Prime Minister in Miami on Iran Talks; Trump Announces Russia-Ukraine Three-Day Ceasefire
Secretary of State Marco Rubio and White House envoy Steve Witkoff met Qatari Prime Minister Mohammed bin Abdulrahman al-Thani in Miami on Saturday to advance a one-page memorandum aimed at ending the war in Iran. The meeting occurred as President Donald Trump announced that Russ…
insurancejournal.comQatari LNG Tanker Transits Strait of Hormuz Bound for Pakistan Amid Ongoing Regional Conflict
A fully loaded Qatari LNG tanker is attempting to cross the Strait of Hormuz on May 9, 2026, in what would be Qatar's first LNG export from the region since the Iran war began in late February. The move comes as the Trump administration awaits Tehran's formal response to a U.S. p…
France 24US and Iran Agree to Ceasefire
A tenuous ceasefire appeared to be holding Saturday after U.S. forces disabled two Iranian oil tankers attempting to breach a blockade of Iran's ports. Bahrain announced the arrest of 41 people it alleges are linked to Iran's Revolutionary Guard. Washington is awaiting Iran's rep…
CnbcUAE Requests Permanent Currency Swap Line With Federal Reserve
The United Arab Emirates and other economies have requested permanent swap lines with the Federal Reserve amid the Iran war. U.S. officials noted the requests in April. Swap lines allow central banks to exchange currencies to prevent global dollar shortages during emergencies.
ForbesU.S. Consumer Sentiment Index Falls to 48.2 in May
The University of Michigan’s consumer sentiment index dropped to 48.2 in May from 49.8 in April, according to data released on May 08, 2026. The survey found Americans remain pessimistic about the economy amid rising costs linked to the Iran war, including higher gas prices. The…
Los Angeles TimesSoutheast Asian Leaders Adopt Contingency Plan at ASEAN Summit in Philippines
Leaders from the Association of Southeast Asian Nations approved a series of steps to address economic effects from the Iran war during their annual summit hosted by the Philippines. The plan includes coordinated fuel sharing, a regional power grid, fuel stockpiles and diversific…
Los Angeles TimesU.S. Employers Add 115,000 Jobs in April
The Labor Department reported that the U.S. economy added 115,000 jobs in April, exceeding forecasts of 65,000. The unemployment rate held steady at 4.3 percent even as the Iran war disrupted global oil supplies and pushed gasoline prices above $4.50 a gallon. Healthcare, retail…
Cnbc**Oil Executives Say Iran Conflict Tightens Markets, Boosts U.S. Exports and Energy-Security Spending**
Chief executives of SLB, Baker Hughes, Halliburton, Exxon Mobil and Diamondback Energy outlined sweeping shifts in global energy markets during recent earnings calls. Iran's blockade of the Strait of Hormuz has caused the loss of nearly a billion barrels of oil, with the shortage…
Fox NewsEx-Counterterrorism Director Says U.S. Intelligence Assessed Iran Was Not Developing Nuclear Weapon
Former National Counterterrorism Center Director Joe Kent stated that prior to the start of the Iran war the U.S. intelligence community agreed Iran was not developing a nuclear weapon. Kent made the assertion in a post on X on Thursday. He resigned from his position in March cit…
CnbcRubio Meets Vatican and Italian Officials on Middle East Peace Proposal
Secretary of State Marco Rubio held talks with Pope Leo XIV at the Vatican on Thursday and Italian Prime Minister Giorgia Meloni on Friday amid strained relations with both. The U.S. is expecting a response from Iran today on a proposal to end the Middle East war. Rubio presented…
benzinga.comShake Shack, McDonald's, Domino's and Papa John's Report Positive but Slower Quarterly Sales Growth
Shake Shack joined McDonald's, Domino's and Papa John's in reporting weaker quarterly sales growth. The slowdown signals pressure on customer spending from rising gas prices driven by the Iran war. Reuters reported the development on May 7, 2026.
rediff.comLawmakers Introduce Bill to Cut Funding for Iran War
Eighteen members of Congress are backing legislation that would block funding for the war in Iran. The measure comes as lawmakers debate the scope of U.S. military involvement. NPR spoke with one of the lawmakers supporting the proposal.
marketpulse.comPetrodollar System Supported U.S. Dollar for Over 50 Years
The global oil market has supported the U.S. dollar for more than five decades through the petrodollar arrangement. NPR reported the system shows signs of strain linked to the Iran war. The arrangement dates to agreements in the 1970s that shaped international oil trade and curre…
armstrongeconomics.comIran War Triggers Plastic Shortage in Asia, Affecting Industries and Supply Chains
The ongoing Iran war has disrupted oil supplies, leading to shortages of plastics in Asia. This affects products like medical equipment and food packaging, with prices rising significantly. Experts suggest companies may diversify supply sources to mitigate risks.
rte.ieEquinor Posts Q1 2026 Profits Above Expectations Driven by High Oil and Gas Prices
Equinor announced profits exceeding expectations for the first quarter of 2026. The results were driven by higher oil and gas prices linked to the Iran war. @business reported the details in its coverage of energy sector earnings.
theprint.inU.S. President to Host Brazilian Counterpart on Thursday Amid Global Tensions
The U.S. president is scheduled to host his Brazilian counterpart on Thursday. The meeting occurs amid tensions related to the Iran war and its effects on the global economy. Details of the discussions have not been specified.
EuronewsUS, Japan and South Korea Stock Indices Hit Record Highs
Major stock indices in the United States, Japan and South Korea reached new all-time highs this week, even as the war in Iran disrupts global energy markets and shipping routes. Oil prices stand at a four-year high, with 10-12 million barrels a day disrupted in the Strait of Horm…
Al JazeeraRubio Defends Trump's Comments on Pope Leo Before Vatican Meeting
U.S. Secretary of State Marco Rubio pushed back against characterizations of President Donald Trump's remarks accusing Pope Leo XIV of endangering Catholics over his stance on the Iran war. Rubio emphasized the risks of Iran obtaining nuclear weapons, ahead of his Thursday meetin…
SemaforDemocrats Call on US to Acknowledge Israel's Nuclear Weapons
Thirty House Democrats led by Rep. Joaquin Castro sent a letter to Secretary of State Marco Rubio on May 4, 2026, requesting public recognition of Israel's nuclear weapons program. The move comes as President Donald Trump collaborates with Israeli Prime Minister Benjamin Netanyah…
msnbc.comTrump Orders US Troop Withdrawal From Germany, Imposes Tariffs on Iran
Chancellor Friedrich Merz criticized stalled U.S.-Iran talks last week, prompting President Trump to announce the withdrawal of 5,000 U.S. troops from Germany and cancel planned missile deployments. Trump also imposed an immediate 25% tariff on European car imports. The dispute h…
The GuardianU.S. and Iran Exchange Missile Strikes
The ongoing war between the United States, Israel, and Iran, which began with attacks on February 28, has led to sharp increases in oil and gas prices worldwide. These disruptions have affected industries from fertilizer production to glassmaking, while central banks warn of broa…
BenzingaDelta Air Lines Cancels 500 Flights Amid Pilot Scheduling Issues, Eyes End to Free Food on Short Routes
Delta Air Lines has canceled approximately 500 flights since Friday due to reduced pilot acceptance of extra trips and staffing challenges. The airline is increasing reserves and hiring while considering policy changes to onboard services. Separately, Spirit Aviation Holdings ann…
The TimesJet Fuel Prices Double Amid Iran War, Prompting Airlines to Cut Two Million Seats
The Iran war has led to the closure of the Strait of Hormuz, doubling jet fuel prices and prompting airlines to reduce schedules by two million seats for May. The UK, Europe's largest net importer with no strategic reserves, faces heightened risks of shortages and potential ratio…
jpost.comGulf States Review Security Strategies After Iran Conflict
Gulf Arab states are reevaluating their security approaches following the U.S. and Israeli military actions against Iran that began on February 28, 2026. Iran retaliated by targeting Gulf infrastructure and closing the Strait of Hormuz, affecting regional exports. The development…
supchina.comAnalyst Links China Clean Tech Exports to Global Market Shifts and Red Sea Disruptions
A senior energy analyst linked the recent increase in China's clean technology exports to countries seeking to mitigate risks from fossil fuel price swings caused by the Iran War. The analyst highlighted differences between dependence on Gulf oil and Chinese clean tech. Separatel…
abcnews.go.comABC News/Washington Post Poll Shows Trump Approval at 40% Amid Midterm Elections
New polling from ABC News and the Washington Post shows low approval ratings for the Trump administration. The ratings are tied to the Iran war and the economy. CBS News reported on the findings as midterms approach.
RapplerAsia Grapples with Economic Effects of Energy Crisis from Iran War
Governments in Asia are seeking alternative energy sources and implementing measures to mitigate the impacts of the energy crisis triggered by the Iran war. The Asian Development Bank has lowered its growth forecasts for the region. Currency depreciations and rising fiscal strain…
upgradedpoints.comSpirit Airlines Ceases Operations
Spirit Airlines announced it is winding down operations after failing to emerge from bankruptcy, citing surging jet fuel prices from the Iran war. Trump administration officials blamed the collapse on the Biden administration's decision to block a proposed merger with JetBlue in…
yahoo.comIranian Drones Strike UAE Oil Facilities and Tanker
Iranian drones hit the Fujairah Oil Industry Zone in the UAE and an ADNOC tanker in the Strait of Hormuz on May 4, 2026, sparking fires and international backlash. UAE officials vowed to strike back, while Qatar and the Gulf Cooperation Council condemned the attacks as violations…
jamestown.orgIranian Drones Strike UAE Oil Facility and Tanker
Iranian drones struck the Fujairah Oil Industry Zone in the UAE and an ADNOC tanker in the Strait of Hormuz on May 4, 2026, sparking fires and international backlash. Gulf states and the EU condemned the attacks, while a senior UAE official vowed strikes against Iran. President T…
nknews.orgTrump Says Iran Conflict Has Limited Economic Impact; Surveys Show Modest Business Slowdown
President Trump described the U.S. economy as roaring despite the Iran war, predicting lower gas prices soon. Surveys indicated the largest part of the economy experienced a hit in April but continued growing at a robust pace. European officials warned of stagflationary effects o…
rte.ieBundesbank Chief Nagel Says June Rate Hike Possible
A central bank official stated that a June interest rate hike could be warranted without significant improvement in the inflation outlook. He linked persistent high inflation risks to the ongoing Iran war. The comments highlight potential monetary policy responses to prolonged co…
Nbc NewsU.S. Gas Prices Rise to $4.46 per Gallon Amid Oil Futures Increase
The national average price of gas increased to $4.46 per gallon as oil futures rose following a decline. This follows a 49% rise since the Iran war began in late February. Analysts noted higher costs for consumers, with potential for further increases if disruptions continue.
armstrongeconomics.comSupport for Iran War Among Connected US Jews Falls to 60% After Ceasefire Announcement
A poll found that support for the Iran war among connected American Jews dropped from an initial 68% to 60% following President Trump's ceasefire announcement on April 8. The support had already declined weeks into the war. The poll reflects shifts in opinion among this group ami…
Usa TodayProtester Guido Reichstadter Ends Four-Day Stand on Frederick Douglass Bridge
Activist Guido Reichstadter, who climbed Washington, D.C.'s Frederick Douglass Memorial Bridge on Friday to protest the U.S. war in Iran and artificial intelligence development, stated he would leave soon but remained atop the structure as of Monday morning. His action caused tra…
SemaforSpirit Airlines Ceases Operations
Budget carrier Spirit Airlines shut down on Saturday, stranding thousands of passengers and eliminating 17,000 jobs due to financial struggles worsened by surging jet fuel prices from the U.S.-Israeli war on Iran. The company is nearly done refunding customers for canceled flight…
Federal Reserve Holds Interest Rates at 3.5-3.75%
Federal Reserve Bank of Minneapolis President Neel Kashkari stated that the ongoing Iran war could force the central bank to raise interest rates due to heightened inflation risks from the Strait of Hormuz closure. The Fed maintained its rate target last week while facing dissent…
upi.comHegseth Testifies Ceasefire Stops Iran War Powers Clock
As the U.S.-Iran war approaches the 60-day War Powers Resolution deadline, Defense Secretary Pete Hegseth argued that a ceasefire has stopped the clock, drawing criticism from Democratic lawmakers. Meanwhile, the Pentagon advances AI integration for military operations amid the c…