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Iran War Oil Shock Pushes U.S. Markets Toward First Fed Rate Hike in More Than Three Years
Surging oil prices driven by the continuing Middle East conflict are creating a new economic challenge for the United States, with financial markets now overwhelmingly expecting the Federal Reserve to raise interest rates this week. Oil prices climbed again Tuesday as attacks on Saudi energy infrastructure and severe disruption around the Strait of Hormuz intensified…
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U.S. 10-YEAR TREASURY YIELD HITS 5% FOR FIRST TIME SINCE 2023
The yield on the benchmark 10-year U.S. Treasury note climbed above 5% on Monday, reaching the closely watched level for the first time since October 2023 and raising new concerns about borrowing costs for American households and businesses. The 10-year Treasury yield reached approximately 5.01% as investors sold government bonds amid renewed concerns about inflation,…
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🚨 U.S. WATCHDOG REVEALS MASSIVE COST OF IRAN WAR: $37.5 BILLION AND WEAPONS STOCKPILES UNDER PRESSURE
The war with Iran has already cost the Pentagon tens of billions of dollars while putting pressure on critical U.S. weapons stockpiles, according to a new government watchdog report offering one of the most detailed official assessments of the conflict so far. Defense Secretary Pete Hegseth told Congress in late July that the war had…
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U.S. Hits Russia’s VTB Bank With New Iran Sanctions as Trump Expands Pressure on Tehran
The United States imposed new Iran-related sanctions on Russia’s VTB Bank on Monday, marking another major step in Washington’s campaign to financially isolate Tehran and target foreign institutions accused of helping Iran evade restrictions. The move brings together three major geopolitical rivals — the United States, Iran and Russia — as the Trump administration intensifies…
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Saudi Oil Pipeline Could Be Down for Weeks as Iran War Deepens Global Energy Crisis
A critical Saudi Arabian oil pipeline could remain largely out of service for weeks after a drone attack, creating another major threat to global energy supplies as the wider conflict involving Iran continues to disrupt key Middle Eastern shipping routes. The East-West Pipeline has become increasingly important because it allows Saudi Arabia to move crude…
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Oil Soars Above $107 as Middle East Attacks Escalate — U.S. Gas Prices Jump Again
Oil prices surged again Monday as escalating attacks across the Middle East raised fresh concerns about global energy supplies and pushed fuel costs higher for American consumers. Brent crude, the international benchmark, climbed to around $107.61 per barrel, after reaching an intraday high above $108. U.S. West Texas Intermediate crude also jumped to approximately $102.53…
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Iran-Backed Houthis Seize Strategic Red Sea Islands, Threatening Global Shipping
Iran-backed Houthi rebels have seized two more strategic islands in the southern Red Sea, strengthening their position around one of the world’s most important shipping routes as the wider U.S.–Iran conflict continues to disrupt global energy markets. The Houthis captured Greater Hanish and Lesser Hanish, according to officials cited by The Associated Press, expanding their…
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Second Federal Judge Blocks Trump Mail-In Ballot Order as Supreme Court Prepares to Weigh In
A second federal judge has temporarily blocked President Donald Trump’s effort to impose new restrictions on mail-in voting, adding another major legal obstacle ahead of the 2026 midterm elections. U.S. District Judge Carl J. Nichols in Washington, D.C., issued a preliminary injunction preventing the U.S. Postal Service from implementing new mail-ballot regulations connected to Trump’s…
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Trump Says Iran Is ‘Probably’ Behind Attack on Key Saudi Oil Pipeline
President Donald Trump said Saturday that Iran was “probably” responsible for an aerial attack that forced Saudi Arabia to shut down its crucial East-West oil pipeline, adding another layer of tension to the widening Middle East conflict. The East-West pipeline is one of Saudi Arabia’s most important energy routes because it allows crude oil to…
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U.S. Restricts Tanker Protection Windows as Iranian Night Attacks Intensify in Hormuz
The United States has changed how it protects commercial tankers traveling through the Strait of Hormuz as Iranian attacks on ships intensify, highlighting the growing difficulty of keeping one of the world’s most important energy routes open. Tankers are now being encouraged to cross the strategic waterway during specific designated times when U.S. military protection…