Forex

Stocks may be soaring again, but the war in Iran has started to pinch the finances of many Americans.

Putting a stop to Iranian shipping will further add to Iran’s economic pain, analysts said, but it might not be enough to force concessions or lessen the global energy crunch.

Higher inflation is leading companies to raise prices without sacrificing margins.

The Treasury secretary said it is “difficult to deconstruct” the reasons for global warming, which he described as a belief of the “elite.”

The conflict could also fuel another bout of inflation, according to the International Monetary Fund.

President Trump is trying to choke off the country’s lifeline with a blockade of the Strait of Hormuz. But the Iranians are betting that his tolerance for political pain is limited.

As the nation contended with high inflation, high unemployment and unrest before the war, it became more than just an oil exporter.

Europe is finding itself on the outs with Russia, China and the U.S., in what’s amounting to its very own “Mean Girls” moment.

In a cloud forest village, a network of residents, foreigners and pacifist Quakers offered a precarious yet vital sanctuary for families expelled by the U.S. government.

Prime Minister Benjamin Netanyahu agreed to pause attacks targeting Hezbollah but said Israeli troops would not withdraw. The truce, set to start at 5 p.m. Eastern time, could ease efforts to end the U.S.-Israeli war with Iran.

Stocks may be soaring again, but the war in Iran has started to pinch the finances of many Americans.

Putting a stop to Iranian shipping will further add to Iran’s economic pain, analysts said, but it might not be enough to force concessions or lessen the global energy crunch.

For days, Pope Leo XIV has attracted criticism from President Trump and his allies for refusing to back the war in Iran. On Thursday, he reiterated his calls for peace.

The U.S. blockade of shipments through the Strait of Hormuz would last “for as long as it takes,” the defense secretary said.