McDonald’s posted better-than-expected sales in the first quarter but said high gas prices and consumer anxiety could dent sales this spring.
Oil prices sank, and stock markets rallied worldwide with hopes that a deal is nearing to allow tankers to deliver crude from the Persian Gulf again.
The United States and its Gulf allies have proposed a U.N. resolution threatening with sanctions or other measures if it doesn’t halt attacks on ships in the Strait of Hormuz, stop imposing “illegal tolls” and disclose the placement of all mines to allow freedom of navigation.
U.S. job openings were essentially unchanged at 6.9 million in March, another sign the American labor remained sluggish even before the full impact of the Iran war hit the economy.
Secretary of State Marco Rubio will travel to Rome and Vatican City this week in a bid to ease rising tensions between President Donald Trump and Pope Leo XIV over U.S. policies, particularly the Iran war.
U.S. stocks fell from their record heights, while oil prices jumped following escalations in the Middle East that may undermine the ceasefire in the war with Iran.
Seven countries in the OPEC+ grouping of oil-producing countries — including Saudi Arabia and Russia — say they’ve decided to a modest increase in production starting in June as part of a commitment to “market stability.”.
As the Iran war enters its third month, consumers are paying for its disruption of worldwide energy production.
Americans are paying for the war in Iran with every visit to the gas station, but some of the damage to the U.S. economy is being offset — for now anyway — by big tax refunds and an investment boom driven by artificial intelligence.
The number of Americans filing for unemployment benefits tumbled below 200,000 last week despite a number of economic headwinds including the war in Iran.
The U.S. economy accelerated at the start of 2026, expanding at a modest 2% pace from January through March after recovering from last fall’s 43-day federal government shutdown.
A key inflation measure jumped in March as gas prices soared, the latest sign that the Iran war is pushing up the cost of living and delaying any interest rate cuts by the Federal Reserve.
U.S. consumer confidence rose modestly in April despite growing anxiety over soaring energy prices brought on by the war in Iran.
BP’s profit more than doubled in the first quarter as the war in Iran drove energy prices sharply higher.
Spanish Prime Minister Pedro Sánchez is declining to engage in a dispute with the U.S. over reports that the Pentagon is considering punishing NATO members who don't support U.S. operations in the Iran war.
The head of the U.K.'s National Cyber Security Centre warns that hostile nations like Russia, Iran and China are behind the most serious cyberattacks in the U.K. In a speech Wednesday, Richard Horne will emphasize that British businesses need to prepare for large-scale cyberattacks, especially if the U.K. becomes involved in international conflicts.
Shoppers accelerated their spending in March from February, but they spent a good chunk of their money at the gas pump.
U.S. stocks and oil prices flip-flopped as uncertainty rose about what will happen following a two-week ceasefire in the war with Iran, which had been set to expire Wednesday.
Brazilian President Luiz Inácio Lula da Silva has started a two-day visit to Spain on Friday when he and his Spanish counterpart Pedro Sánchez met a day before they will gather with other leaders who are concerned with the fate of the democratic order and the rise of the populist far right.
U.S. applications for unemployment benefits fell last week, remaining in the range of the past few years even as the war in Iran continues to threaten the global economy.
Australia's defense minster says the Iran war had greatly complicated the global strategic landscape and the country is significantly increasing its military spending.
China’s economy accelerated in the first quarter of this year, expanding 5% from a year earlier as it largely shrugged off impacts from the Iran war so far.
More than three dozen Democrats supported an effort by Vermont Sen. Bernie Sanders on Wednesday to block arms sales to Israel, signaling a growing discontent in the party with Prime Minister Benjamin Netanyahu and the wars in Gaza and Iran.
The Republican-led Senate has rejected the latest Democratic attempt to halt President Donald Trump’s war in Iran.
China’s exports grew 2.5% in March from a year ago, significantly slowing from the previous two months as uncertainties rose from the Iran war and its impact on energy prices and global demand.
The Iran war has stalled the world’s economic momentum this year, likely pushing growth lower compared to 2025, the International Monetary Fund warned Tuesday.
Dozens of protesters were arrested at a demonstration urging Senate Democratic Leader Chuck Schumer and Sen. Kirsten Gillibrand to block the sale of U.S. bombs to Israel.
U.S. stocks rallied and recovered the last of their losses caused so far by the U.S.-Iran war, as hope remains on Wall Street that the global economy can still avoid a worst-case scenario.
FIFA has added new, even more expensive tiers of tickets for this year’s World Cup, asking up to $4,105 for a front category 1 seat at the U.S. opener against Paraguay in Inglewood, California, on June 12.
The head of the International Monetary Fund says the war in Iran is darkening the outlook for the world economy, and that's the case whether or not a fragile ceasefire holds.
U.S. applications for unemployment benefits rose last week before Iran, Israel and the U.S. announced a two-week ceasefire deal that injected a degree of optimism into a still-clouded global economic picture.
A key measure of inflation stayed high in February, before the war in Iran spiked gas prices, a sign that everyday costs were elevated even before the conflict began.
U.S. stocks rose, even though oil prices did too, as financial markets moved more modestly a day after surging on optimism about a ceasefire in the war with Iran.
A group of new accounts on the prediction market Polymarket made highly specific, well-timed bets on whether the U.S. and Iran would reach a ceasefire on April 7, resulting in hundreds of thousands of dollars in profits for those users.
Southwest Airlines said Wednesday it is raising its checked baggage fees by $10 less than a year after ending its famous “bags fly free” policy.
The mother of an freelance American journalist who was released from captivity in Iraq says she hopes her daughter will finally return home to rural Wisconsin after living abroad for decades.
The Diamond League track meet in Qatar has been postponed from next month to June 19 if conditions allow amid ongoing uncertainty caused by the conflict in the Middle East.
Lebanon’s health ministry says that Israeli strikes during the day killed 182 people, the highest single-day death toll in the Israel-Hezbollah war.
President Donald Trump repeated his complaint about NATO after a private meeting with the alliance's Secretary-General Mark Rutte on Wednesday.
An Ann Arbor resident is in Tehran as President Donald Trump escalates his rhetoric over the war with Iran, warning that “a whole civilization will die tonight” while also pushing for a ceasefire and the reopening of the Strait of Hormuz.
U.S. Secretary of State Marco Rubio has confirmed that American journalist Shelley Kittleson, who was kidnapped last week in Iraq, has been released.
Pope Leo XIV has celebrated his first Easter Mass as pontiff, urging peace through dialogue and calling for an end to conflicts worldwide.
Aid groups are warning that the war in the Middle East has upended their ability to get food and medicine to millions in need and that more people will suffer if the violence continues.
A federal judge has halted efforts by the Trump administration to collect data that proves higher education institutions aren’t considering race in admissions.
Finance ministers from five European Union member states are urging the bloc to introduce a windfall tax on energy companies as surging oil and gas prices raise inflation fears.
U.S. futures were trading modestly lower following surprisingly strong jobs data from the federal government.
President Donald Trump has proposed boosting defense spending to $1.5 trillion in his 2027 budget released Friday, the largest such request in decades, reflecting his emphasis on U.S. military investments over domestic programs.
Amazon is slapping a 3.5% fuel and logistics surcharge on third-party sellers that sell on its platform starting later this month amid a spike in fuel prices since the war in Iran.
Gov. Gretchen Whitmer has signed an executive order that will help save Michigan drivers money at the gas pump by easing restrictions on fuel blends.
President Donald Trump has used his first major address since launching his war in Iran to assure Americans all his military objectives will be completed “shortly” and urge a skeptical electorate to give him more time.
Artificial intelligence-generated content is everywhere these days, making it increasingly difficult to separate fact from fiction, particularly when it comes to breaking news.
President Donald Trump sought to explain his rationale for the war against Iran in a primetime address Wednesday.
Thousands of additional U.S. troops are heading to the Middle East as the Trump administration has insisted that progress has been made in talks with Iran and has threatened to escalate the war if a deal is not reached soon.
Europe’s inflation rate rose to 2.5% in March, according to official figures released Tuesday, as the Iran war sent energy prices sharply higher.
Trump administration officials are exempting oil and gas drilling in the Gulf of Mexico from the Endangered Species Act.
Deep divisions were apparent over the Iran war as top diplomats from the Group of Seven countries have met in France.
U.S. stocks deepened their drops as Wall Street finished off a fifth straight losing week, its longest such streak in nearly four years.
Republicans face growing political trouble ahead of November's midterm elections as the war in Iran keeps gas prices high and voters worry about living costs.
The Environmental Protection Agency has announced it would allow gas stations to continue selling slightly cheaper E15 this summer in a move that may be good for drivers and corn growers but will likely contribute to air pollution.
Businesses might be quicker to raise prices in response to the Iran war due to bitter memories of the energy price inflation that broke out after Russia invaded Ukraine.
Secretary of State Marco Rubio will travel to France this week to try to sell America’s skeptical Group of Seven allies on the Iran war that has sent global fuel prices soaring.
U.S. stock indexes slipped and gave back some of their rallies from the day before, while oil prices got back to rising.
The former counterterrorism director who resigned this week in protest of the Iran war is denying allegations that he improperly shared classified information.
The European Central Bank left its key interest rates unchanged Thursday and warned that the Iran war would boost inflation in the short term through higher energy prices but that the long-term impact on consumer prices and the economy was uncertain.
There appeared to be some tension as President Donald Trump and Japanese Prime Minister Sanae Takaichi answered questions from White House reporters about Japan’s support for the Iran war.
A former senior counterterrorism official who resigned over the Iran war says he and other national security officials with concerns about U.S. strikes on Iran were not allowed to express those concerns to President Donald Trump.
The National Retail Federation, the nation’s largest retail trade group, is forecasting annual retail sales will grow at a faster clip this year than last year, citing consumers’ resilience despite lots of economic volatility.
President Donald Trump was present as the remains of six U.S. service members returned from the Middle East to Dover Air Force Base in Delaware.
The U_S_ government’s top intelligence official has told lawmakers that Iran’s government “appears to be intact but largely degraded.”.
The Federal Reserve kept its key interest rate unchanged Wednesday and Chair Jerome Powell highlighted the increasingly uncertain outlook for the U.S. economy and inflation in the wake of the Iran war, suggesting the Fed could stand pat for an extended period.
President Donald Trump says NATO and other allies have rejected his calls to help secure the Strait of Hormuz.
The Iran war has scrambled the Federal Reserve’s outlook on inflation and unemployment and will likely further delay interest rate cuts this year, putting off any relief for consumers struggling with high borrowing costs for home and car purchases.
President Donald Trump is pushing back against claims by the director of the National Counterterrorism Center about the motivations for the Iran war.
President Donald Trump says a former president has told him that he now wishes he had attacked Iran when he occupied the Oval Office.
The United States’ war with Iran is entering its third week, but Congress has yet to publicly test the Trump administration’s case for the conflict.
UEFA said Sunday that the game between Argentina and Spain known as Finalissima that was supposed to be held in Qatar has been canceled after the widening Middle East war.