US and Iran Trade Strikes as Hormuz Closes
The US struck over 140 Iranian military targets on Saturday as Iran declared the Strait of Hormuz closed and hit US facilities in Jordan, Kuwait, Oman, and Qatar.
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energy-prices
US Hits Iran Third Time as Hormuz Closes
The US launched a third round of strikes on Iran after the IRGC hit a Cyprus-flagged container ship in the Strait of Hormuz and declared the waterway closed. The blockade has pushed energy prices higher globally, with Gulf states reporting Iranian missile and drone attacks as Oman mediates talks.
US Inflation Hits 4.1%, September Fed Hike in Play
US inflation hit 4.1% in May 2026, its highest level in three years, driven by rising energy prices, keeping a Federal Reserve rate hike in September firmly on the table. Consumer spending rose on tax refunds and a stock market rally, while business investment in AI equipment also rebounded.
Inflation topped 4% in May as CPI surged to highest level in 3 years
U.S. consumer prices rose at a 4.2% annual rate in May, the fastest pace in three years, driven by a spike in energy costs. The reading puts pressure on the Federal Reserve to respond, with potential knock-on effects for interest rates, borrowing costs, and household purchasing power.
US Inflation Hits 3-Year High on Energy Costs
US inflation rose to a three-year high in May, driven by surging gas and energy prices tied to the Middle East conflict. The reading complicates the Federal Reserve's path toward cutting interest rates and keeps pressure on household budgets.
Pakistan May Inflation Hits 11.7% on Energy Surge
Pakistan's CPI rose 11.7 per cent year-on-year in May, driven by a 36.78 per cent surge in transport charges and a 16.78 per cent jump in housing and energy costs.
Iran Strikes US Base After American Attacks on Iran
Iran's Revolutionary Guards struck a US-used air base Monday after US forces hit Iranian military sites over the weekend, continuing a pattern of exchanges despite a ceasefire in place since April.
Trump Claims Iran Hormuz Deal Nearly Done
President Trump claimed a deal with Iran over the Strait of Hormuz is largely negotiated, but semi-official Iranian outlet Fars News denied any such agreement. The strait carries roughly 20 percent of global oil supply, so any resolution or continued standoff will directly affect energy prices.
US Inflation Hits 3.8% on Iran War Energy Surge
US inflation rose to 3.8% in April, its highest since May 2023, as energy costs surged due to the Iran conflict. The jump complicates Federal Reserve plans to cut interest rates and raises costs for consumers and borrowers.
DOJ Probes $2.6 Billion Oil Trades Tied to Iran War
The Justice Department is investigating at least four oil market trades worth $2.6 billion that were placed shortly before major price moves tied to the U.S.-Iran conflict. The probe centers on whether traders used advance knowledge of war-related developments to profit ahead of public news.
Strong Jobs Data Keeps Fed on Hold Amid Inflation Risk
A strong U.S. jobs report removes near-term pressure on the Federal Reserve to cut interest rates. War-driven supply disruptions and rising energy prices are now the bigger inflation threat, keeping rate cuts off the table.
Pakistan Inflation Hits Double Digits After 21 Months
Pakistan's CPI rose nearly 11pc year-on-year in April, the first double-digit reading in 21 months, as Iran's blockade of the Strait of Hormuz pushed transport costs up 15.47pc and perishable food prices up 15.25pc.
Fed Expected to Hold Rates at Powell's Possible Last Meeting
The Federal Reserve meets this week and is expected to hold interest rates steady, with elevated energy prices and the unresolved Iran conflict clouding the economic outlook. The meeting may also be Jerome Powell's last as Fed chair, adding leadership uncertainty to an already complex policy moment.
OpenAI Misses Targets, Oil Tops $110, Nasdaq Slips
Nasdaq 100 futures dropped 0.6% after the Wall Street Journal reported OpenAI missed its user and sales targets, rattling AI-driven tech valuations. Crude oil crossing $110 a barrel added pressure by raising inflation and margin concerns across the broader market.
Crude Oil Surge Hits Stocks, Stokes Inflation Fears
Surging crude oil prices are weighing on global stocks as markets fear a fresh inflation surge. Higher energy costs make it harder for central banks to cut interest rates, pressuring equity valuations. Investors are closely watching oil price moves and central bank signals on rate timing.
Iran Holds Hormuz Leverage as Trump Weighs Response
Iran is maintaining pressure on the Strait of Hormuz as President Trump considers his next move in the US-Iran standoff. The strait carries around 20% of global oil supply, making any disruption a direct risk to energy markets and fuel prices.
Fed Holds Rates at 3.75% for Third Meeting
The US Federal Reserve kept its benchmark rate unchanged at 3.5%, 3.75% for a third straight meeting on 29 April. The Fed flagged rising inflation risk from higher global energy prices as a reason to hold firm. Borrowing costs are likely to stay elevated until those pressures ease.
Fed Holds Rates Amid Energy Prices, Iran Tensions
The US Federal Reserve is holding its April FOMC meeting with markets expecting no rate cut, as elevated energy prices and US-Iran tensions complicate the outlook. Jerome Powell's post-meeting remarks will be closely watched for any change in tone on inflation or growth. A hawkish hold could keep borrowing costs high
Energy Price Surge Hits IMF Borrower Nations Hard
Countries with active IMF loan programs are bearing the sharpest pain from rising global energy prices. Weak fiscal buffers, heavy reliance on energy imports, and dollar-denominated debt make the shock harder to absorb. The pressure could force governments to cut fuel subsidies or seek additional IMF support.
U.S. Clears Iranian Mines in Strait of Hormuz
The Trump administration says U.S. forces are clearing Iranian mines in the Strait of Hormuz to reopen one of the world's most critical oil shipping lanes. Sustained disruption there risks higher energy prices and wider economic damage. The pace of recovery depends on the scale of the mining and Iran's next moves.
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Tag
energy-prices
US launches fresh strikes on Iran; Tehran says Strait of Hormuz closed; Gulf states hit
The US struck over 140 Iranian military targets on Saturday as Iran declared the Strait of Hormuz closed and hit US facilities in Jordan, Kuwait, Oman, and Qatar.
1mo ago · 4 min · Global Affairs
US launches new strikes on Iran after container ship hit in Hormuz; IRGC announces closure of vital strait
The US launched a third round of strikes on Iran after the IRGC hit a Cyprus-flagged container ship in the Strait of Hormuz and declared the waterway closed. The blockade has pushed energy prices higher globally, with Gulf states reporting Iranian missile and drone attacks as Oman mediates talks.
1mo ago · 4 min · Global Affairs
US inflation tops 4% for first time in three years, keeping Fed hike in play
US inflation hit 4.1% in May 2026, its highest level in three years, driven by rising energy prices, keeping a Federal Reserve rate hike in September firmly on the table. Consumer spending rose on tax refunds and a stock market rally, while business investment in AI equipment also rebounded.
2mo ago · 3 min · Economy
Inflation topped 4% in May as CPI surged to highest level in 3 years
U.S. consumer prices rose at a 4.2% annual rate in May, the fastest pace in three years, driven by a spike in energy costs. The reading puts pressure on the Federal Reserve to respond, with potential knock-on effects for interest rates, borrowing costs, and household purchasing power.
2mo ago · 3 min · Economy
US inflation hits 3-year high in May as Middle East conflict raises prices of gas, energy products
US inflation rose to a three-year high in May, driven by surging gas and energy prices tied to the Middle East conflict. The reading complicates the Federal Reserve's path toward cutting interest rates and keeps pressure on household budgets.
2mo ago · 3 min · Economy
Consumer inflation hits 11.7pc in May
Pakistan's CPI rose 11.7 per cent year-on-year in May, driven by a 36.78 per cent surge in transport charges and a 16.78 per cent jump in housing and energy costs.
2mo ago · 4 min · Economy
Tehran responds with air base attack after US strikes Iranian military sites
Iran's Revolutionary Guards struck a US-used air base Monday after US forces hit Iranian military sites over the weekend, continuing a pattern of exchanges despite a ceasefire in place since April.
2mo ago · 3 min · Global Affairs
Strait Of Hormuz To Re-Open? Trump Says Agreement With Iran 'Largely Negotiated'
President Trump claimed a deal with Iran over the Strait of Hormuz is largely negotiated, but semi-official Iranian outlet Fars News denied any such agreement. The strait carries roughly 20 percent of global oil supply, so any resolution or continued standoff will directly affect energy prices.
3mo ago · 2 min · Global Affairs
US inflation jumps to 3.8% as energy costs surge from Iran war
US inflation rose to 3.8% in April, its highest since May 2023, as energy costs surged due to the Iran conflict. The jump complicates Federal Reserve plans to cut interest rates and raises costs for consumers and borrowers.
3mo ago · 3 min · Economy
Source: DOJ investigating suspicious oil trades timed around Iran war
The Justice Department is investigating at least four oil market trades worth $2.6 billion that were placed shortly before major price moves tied to the U.S.-Iran conflict. The probe centers on whether traders used advance knowledge of war-related developments to profit ahead of public news.
3mo ago · 2 min · Markets
Strong jobs report to keep Fed on hold as war and energy prices make inflation the bigger worry
A strong U.S. jobs report removes near-term pressure on the Federal Reserve to cut interest rates. War-driven supply disruptions and rising energy prices are now the bigger inflation threat, keeping rate cuts off the table.
3mo ago · 2 min · Economy
Inflation hits double digits for first time in 21 months
Pakistan's CPI rose nearly 11pc year-on-year in April, the first double-digit reading in 21 months, as Iran's blockade of the Strait of Hormuz pushed transport costs up 15.47pc and perishable food prices up 15.25pc.
3mo ago · 3 min · Economy
Fed likely to hold rates steady as Powell prepares for possible swan song
The Federal Reserve meets this week and is expected to hold interest rates steady, with elevated energy prices and the unresolved Iran conflict clouding the economic outlook. The meeting may also be Jerome Powell's last as Fed chair, adding leadership uncertainty to an already complex policy moment.
3mo ago · 2 min · Economy
Tech drags stocks lower as crude oil tops $110: Markets wrap
Nasdaq 100 futures dropped 0.6% after the Wall Street Journal reported OpenAI missed its user and sales targets, rattling AI-driven tech valuations. Crude oil crossing $110 a barrel added pressure by raising inflation and margin concerns across the broader market.
3mo ago · 2 min · Markets
Stocks Pressured as Soaring Crude Prices Raise Inflation Concerns
Surging crude oil prices are weighing on global stocks as markets fear a fresh inflation surge. Higher energy costs make it harder for central banks to cut interest rates, pressuring equity valuations. Investors are closely watching oil price moves and central bank signals on rate timing.
3mo ago · 1 min · Markets
US Iran War News Live Updates: Iran Maintains Hormuz Chokehold, Trump Mulls Next Steps
Iran is maintaining pressure on the Strait of Hormuz as President Trump considers his next move in the US-Iran standoff. The strait carries around 20% of global oil supply, making any disruption a direct risk to energy markets and fuel prices.
3mo ago · 1 min · Global Affairs
US Federal Reserve keeps rates unchanged for third straight meeting: 5 key takeaways from April policy
The US Federal Reserve kept its benchmark rate unchanged at 3.5%, 3.75% for a third straight meeting on 29 April. The Fed flagged rising inflation risk from higher global energy prices as a reason to hold firm. Borrowing costs are likely to stay elevated until those pressures ease.
4mo ago · 1 min · Economy
US Fed Meeting Live Updates: Will Jerome Powell Hold Rates Amid US-Iran War?
The US Federal Reserve is holding its April FOMC meeting with markets expecting no rate cut, as elevated energy prices and US-Iran tensions complicate the outlook. Jerome Powell's post-meeting remarks will be closely watched for any change in tone on inflation or growth. A hawkish hold could keep borrowing costs high
4mo ago · 1 min · Global Affairs
Energy price surge slams countries in debt to IMF
Countries with active IMF loan programs are bearing the sharpest pain from rising global energy prices. Weak fiscal buffers, heavy reliance on energy imports, and dollar-denominated debt make the shock harder to absorb. The pressure could force governments to cut fuel subsidies or seek additional IMF support.
4mo ago · 1 min · Global Affairs
U.S. says it's clearing Iranian mines in latest push to open the Strait of Hormuz
The Trump administration says U.S. forces are clearing Iranian mines in the Strait of Hormuz to reopen one of the world's most critical oil shipping lanes. Sustained disruption there risks higher energy prices and wider economic damage. The pace of recovery depends on the scale of the mining and Iran's next moves.
4mo ago · 1 min · Global Affairs