The disruptions from the US and Israeli attacks on Iran quickly spread to commercial aviation, shipping lanes and the world’s energy supply. These effects have already created fuel costs, including for truckers, truckers and fishermen, and are set to spread widely in packaging, household goods, appliances, medicine and electronics. READ MORE: Divided by many things, … Read more
Jeff Greenberg | Universal Images Group | Getty Images The price of naphtha may not keep you up at night considering the inflation that is yet to hit the economy from the US-Iran war and the closure of the Strait of Hormuz, but perhaps it should. As gas prices go up together crude oilthe cost … Read more
Maybe you know a woman who supports an unemployed man. Maybe you have been that woman. What was once a shamefully quiet secret has become a point of macroeconomic data, and now teh Federal Reserve has receipts. As of the beginning of 2026, women held more paid jobs than men in the United States. This … Read more
Time is ticking for the US-Israel war in Iran. Opinions emerging from oil industry executives and analysts are that the economic and market fallout from the conflict could increase significantly if the Strait of Hormuz is not reopened within the next week to three. However, enough damage may have already been done to keep energy … Read more
The best POLITICO stories selected by Senior Executive Editor Kate Day. Discover the most influential stories in Europe and beyond. About KATE DAY VOTER WINNER Iran war threatens global collapse, Finland’s Stubb warns Unique: Finnish President Alexander Stubb, a one-time golfing buddy of Donald Trump, does not hide his unusually dismal assessment of the American … Read more
The best POLITICO stories selected by Senior Executive Editor Kate Day. Discover the most influential stories in Europe and beyond. About KATE DAY VOTER WINNER Iran war threatens global collapse, Finland’s Stubb warns Unique: Finnish President Alexander Stubb, a one-time golfing buddy of Donald Trump, does not hide his unusually dismal assessment of the American … Read more
BEIRUT – Amid the conflict in Iran, oil production facilities and shipping lanes – namely the Strait of Hormuz – have been targeted, disrupting the local and global economy. Imports such as natural gas from Qatar and the United Arab Emirates, as well as oil from Kuwait, Bahrain, Saudi Arabia and the UAE have experienced … Read more
Federal Reserve Chairman Jerome Powell last week pushed back when asked if the recession poses a threat to the US economy. His successor may face a tough challenge, as Wall Street analysts raise their expectations of a recession, brought on in part by the Iran war and the possibility of higher prices. In recent days, … Read more