Iran War Boost
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Ratcliffe’s Ineos Kicks Off Loan Deal After Iran War Boost
Jim Ratcliffe Photographer: Hollie Adams/Bloomberg
Iran war day 100: US, Iran trade attacks again, raising tensions
Iran war day 100: US, Iran trade attacks again, raising tensions Tensions rise as US shoots down Iranian drones over Strait of Hormuz, while Israel continues its attacks on Lebanon. The United States Central Command (CENTCOM) said it shot down a pair of Iranian drones threatening the Strait of Hormuz, escalating tensions as Pakistan’s Interior Minister Mohsin Naqvi landed in Tehran as part of new diplomatic efforts. Tehran responded with a salvo of missiles at US allies Bahrain and Kuwait on...
The US just had its highest number of people file for unemployment benefits since the Iran war started
The US just had its highest number of people file for unemployment benefits since the Iran war started The war in Iran has injected significant uncertainty into the broader US economy and its labor market - Bookmark Applications for unemployment benefits in the United States reached their highest level in four months last week, signaling growing economic uncertainty exacerbated by the ongoing conflict in Iran, even as overall layoffs remain historically low. The Labor Department reported...
100 days into Iran war, Americans face higher prices
100 days into Iran war, Americans face higher prices On average, US households have spent $750 more in expenses due to the war, hitting middle- and lower-income people hard. A hundred days into the US-Israel war on Iran, Americans are facing increasing financial pressure at the pump and at the grocery store in an economy already facing headwinds from United States President Donald Trump’s domestic and foreign policies, including tariffs. The war is unpopular, with 66 percent of Americans...
Commentary: Iran war has raised inflation risks. Why are Asian economies still growing?
Commentary: Iran war has raised inflation risks. Why are Asian economies still growing? For all the attention on inflation, the bigger surprise this year may be how resilient the region has been, says DBS chief economist Taimur Baig.
OECD cuts 2026 global growth forecast and warns of recession risk if Iran war persists
The war in the Middle East has dented economic growth prospects worldwide, with a more severe shock likely if no effective ceasefire is agreed before 2027, the OECD warned Wednesday. The OECD has downgraded its global growth outlook, warning that rising energy prices, geopolitical tensions and persistent inflation are weighing on the world economy and could push several countries into recession if disruptions continue. In its quarterly update, the organisation, which represents 38...
China May wholesale inflation hits near 4-year high on Iran war, AI costs; CPI misses
China's wholesale prices rose at the fastest pace in nearly four years in May, driven by surging raw material costs from the Iran war and an artificial intelligence investment boom, while consumer inflation came in below estimates. The producer price index jumped 3.9% from a year ago, the highest since July 2022, topping economists' forecast of 3.8%, and outpacing 2.8% in April, according to data released by the National Bureau of Statistics on Wednesday. Wholesale prices returned to growth...
China trade defies Iran war drag as exports, imports beat estimates in May
China's trade growth held up better than expected in May, as surging AI-related exports helped buffer the economy against disruption from the Iran war. Exports rose 19.4% from a year earlier in U.S. dollar value terms, customs data showed Tuesday, accelerating from the 14.1% gain in April. Economists polled by Reuters had pegged growth at 15%.
Iran-US war latest: Trump and Tehran exchange fresh strikes as Israel captures strategic castle
Iran-US war latest: Trump and Tehran exchange fresh strikes as Israel captures strategic castle Oil prices rise more than 2 per cent in early trading after Israel ordered troops to move further into Lebanon - Bookmark - CommentsGo to comments Iran's Revolutionary Guard Corps said on Monday it targeted an air base used in a US attack on a telecoms tower on Sirik Island. The statement comes after the US said it conducted "self-defence strikes" on Iranian radar and drone control sites over the...
Officials lay out ICE's role at Los Angeles World Cup plans, announce boosted security for Iran games
Members of Immigration and Customs Enforcement will be staffed in Los Angeles during the World Cup but will not be actively detaining foreign travelers, Los Angeles County Sheriff Robert Luna said this week. ICE's presence at World Cup games has been an ongoing discussion, especially in Los Angeles, to the point that SoFi Stadium union workers issued a complaint to the attorney general of California, stating that they could be at risk of being targeted by ICE due to FIFA's accreditation...