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Iran war amplifies divisions within both parties over U.S.-Israel ties
On the campaign trail and elsewhere, the alliance has gone from a bipartisan consensus to a subject of fierce debate among Republicans and Democrats alike.
White House Insists Iran War Is Over, Even While Missiles Fly
The White House is turning to rhetorical leaps as President Trump tries to put the biggest political crisis of his presidency behind him.
Job openings were low before Iran war. Now businesses have another reason not to hire.
The number of job openings in the U.S. and the speed at which businesses hire to fill them are still depressed — a depressing thought for anyone looking for work.
WATCH LIVE: White House briefing with Rubio may address Vatican trip, Strait of Hormuz efforts
Secretary of State Marco Rubio will travel to Rome and Vatican City this week in a bid to ease rising tensions between Trump and Pope Leo XIV over U.S. policies, particularly the Iran war.
German firms abroad grow more pessimistic as Iran war disrupts supply chains
German firms operating abroad have become more pessimistic about their prospects, with nearly one in three expecting economic conditions to worsen as the Iran war exposes vulnerabilities in global supply chains, a survey showed on Tuesday.
HSBC hit by $400m UK fraud-related charge; Rachel Reeves ‘clashed with Scott Bessent’ over Iran war criticism
Rolling coverage of the latest economic and financial news
Trump Tries to Downplay Economic Effects of the Iran War
At a White House event for Small Business Week, he described the economy as “roaring” and predicted that gas prices would go down soon.
Lawncare businesses forced to embrace fuel surcharges as Iran war keeps gas prices climbing
Democrats look for a foothold in Iowa as Vance visits to boost GOP candidate
Republican Donald Trump may have won the state by double digits in the last presidential election, but growing dissatisfaction with his leadership and rising costs from the Iran war could help set the stage for Democrats to make previously unattainable gains.
Trump ‘Wants Action,’ May Restart Iran War
While U.S. and Iran negotiations are still ongoing, the president’s intervention in the Strait of Hormuz could spark new tensions.
The Latest: Trump launches a new effort to reopen the Strait of Hormuz
U.S. forces have launched an effort to guide commercial ships through the Strait of Hormuz, where hundreds have been stuck since the Iran war began.
Iran war strains global business travel, as companies adjust meeting plans
Global conflicts are causing some companies to examine their “duty of care” policies and could bring back more virtual meetings, the survey found.
‘City of Glass’ Is Under Threat From Iran War
In India, Firozabad has depended on its glassmaking industry for centuries. Fuel prices are starting to shatter businesses already under pressure.
Iran has submitted a new peace plan, but Trump says he is skeptical
Donald Trump says he will review a 14-point proposal to end the US-Iran war after Tehran sent it via mediators in Pakistan.
Political blame game begins and upset passengers stuck after Spirit ceases operations
Republicans blame Biden administration block on JetBlue deal; Democrats point to fuel price surge amid Iran war
Spirit Airlines shuts down, crushed by price of Iran war jet fuel
Spirit employs more than 15,000 personnel, many of whom will be out of work if the airline liquidates its holdings to pay creditors.
Not Even Japanese Bathhouses Are Immune From Shocks of Iran War
High fuel costs are imperiling the Japanese sento, a long-declining industry that remains a vital social lifeline for the country’s isolated elderly.
The Iran War Is Terminated Because Trump Said So
Pro tip, Mr. President: If you are still blockading ports, that's an act of war.
Trump Tells Congress Why He Doesn’t Need Its Authorization for the Iran War
In letters to the House and Senate, the president asserted that the hostilities had “terminated,” in an apparent attempt to avoid having to seek congressional approval.
Business Lookahead: Eyeing oil, US jobs, and European earnings
STORY: From high oil prices and the conflict in the Middle East to U.S. jobs data and corporate earnings, here’s what you need to watch in business and finance in the week ahead.:: Crude and currencyOil prices briefly topped $120 a barrel this week to hit their highest level since 2022 as the war with Iran enters a third month.While the U.S. and Iran face pressure to end a conflict that has shut the Strait of Hormuz, the world watches anxiously as the biggest-ever disruption to energy supplies unfolds.For each week the Strait is closed, keeping oil elevated, the greater the economic risks via higher inflation or weak growth or, for some, both. Oil importer Japan just intervened to prop up a yen that has been weakened by the conflict.A new month is now underway and some traders will be mindful of that old adage, "Sell in May and go away.":: Jobs gyrationsAs the U.S. economy grapples with fallout from the Middle East war, Wall Street's radar turns to Friday's April monthly payrolls report.The U.S. economy likely created 73,000 new jobs, economists polled by Reuters forecast. In March, payrolls increased by 178,000, the most since December 2024, but that followed a sharp decline in February.The U.S. employment data comes amid signs of hawkishness at the Federal Reserve, as Donald Trump pick Kevin Warsh prepares to take over as chair with the U.S. president keen on rate cuts.:: Starmer’s statusThursday's local elections in Britain, usually a non-event for investors, could move markets in a big way, with opinion polls pointing to a heavy defeat for Prime Minister Keir Starmer's Labour Party.A heavy defeat could spark more widespread demands for his dismissal among his own lawmakers and stoke expectations of a successor more willing to run looser budgets. That would bring more bad news for British bonds.::European earningsIt's a big week for European earnings with Shell and Commerzbank among those reporting.On aggregate, profits are expected to grow 3.2% in Q1, according to LSEG I/B/E/S. Under the surface, it's a little bit more complicated. Growth is expected to be driven by just three sectors: financials, tech and energy. The latter is seen as the biggest beneficiary of the Iran war due to higher oil and gas prices.But if the war, and energy surge, persist, the overall outlook for Europe's earnings could turn.
Trump says deadline for Congress to approve Iran war doesn't apply, claiming hostilities have 'terminated'
Yet President Donald Trump also made it clear in a letter to Congress that the war may be far from over.
As Iran War Reaches 60-Day Mark, Republicans in Congress Grow Impatient With Trump
Months into the operation and with midterms looming, some lawmakers are calling for Congress to restrain the president’s war power or set terms for bringing the conflict to a close.
Trump administration rejects need for Iran war Congressional approval despite deadline
Pete Hegseth argued that a ceasefire agreement with Iran more than three weeks ago ‘means the 60 day clock pauses, or stops’
A deadline for the Iran war is here. What does the War Powers Act say?
Defense Secretary Pete Hegseth asserted an ongoing ceasefire “pauses” the clock on the 60-day deadline to end hostilities in Iran or seek congressional approval.
U.S. Debt Smashes Through Unthinkable Milestone. Can It Be Stopped? | WSJ Politics Newsletter for May 1
Plus, Trump is poised to defy Congress over authorization for the Iran war
Poll: Trump’s Iran war reaches Iraq- and Vietnam-era disapproval levels
A Post-ABC-Ipsos poll shows most Americans call the military action a mistake, even as Republicans remain strongly supportive. Many fear the conflict will lead to a recession.
Trump is supposed to get Congress’ approval when the Iran war hits 60 days. Lawmakers can’t agree when that is.
A Vietnam-era law says Congress must sign off on the Iran war after the conflict hits the 60-day mark. The only problem: Lawmakers can’t agree when that deadline actually hits. And now they’ve left town.
Secretary Hegseth: ‘Defeatist’ lawmakers are ‘biggest adversary’ in Iran war
Takeaways From Hegseth’s Second Day of Testimony on the Iran War
The secretary was also questioned over civilian deaths, an accusation of antisemitic remarks and women in combat.
Press gala shooter / Political violence / Iran war price tag
Saturday’s attack at the White House Correspondents' Association Dinner was the third assassination attempt on President Trump.Host Mary Louise Kelly speaks with NPR National Security Correspondent Greg Myre and NPR Justice Correspondent Ryan Lucas about what the attack says about the state of political violence in the U.S. and the debate over whether the Secret Service was ready to protect Trump and those around him. Email the show at sourcesandmethods@npr.orgNPR+ supporters hear every episode without sponsor messages and unlock access to our complete archive. Sign up at plus.npr.org.
WATCH LIVE: Senate considers FISA extension, latest Iran war powers resolution
Fed's favored inflation gauge remained elevated in March
The latest PCE inflation data was released by the Commerce Department which showed that inflation rose and remained elevated in March due in part to the Iran war's impact.
Hegseth faces further grilling over Iran war strategy and costs
Defense secretary to be quizzed by lawmakers on Senate armed services committee after bad-tempered session in House yesterday
Bank of England expected to hold interest rates at noon as it assesses fallout from Iran war
Brent crude jumps another 7% to highest since March 2022 on report US is considering military options against Iran
Iran War Costs $25 Billion, Pentagon Says
Defense Secretary Pete Hegseth defended the war, arguing that the spending is justified to prevent Iran from acquiring nuclear weapons.
Trump is betting his blockade will defy history and break Iran
President Donald Trump’s maritime blockade is the latest attempt to test a thus far unproven theory of the Iran war — that superior US might will inevitably break the Islamic Republic.
Pentagon’s $25 billion cost estimate for Iran war is low and does not include cost of rebuilding US bases, sources say
The $25 billion estimate that a top Pentagon official gave to lawmakers on Wednesday for the total cost to date of the Iran war is a lowball figure that does not include the cost of repairing extensive damage suffered by US bases in the region, three people familiar with the matter told CNN.
Trump welcomes Artemis II astronauts to Oval Office — and fields questions on Iran, Comey and UFOs
The Artemis II astronauts’ journey to the moon and back landed them at the White House Oval Office on Wednesday afternoon — standing by while President Donald Trump talked UFOs, the Space Force and the Iran war.
Politics in a Parallel Universe: Iraq’s Leadership Crisis and the Iran War
The Iraqi government and the leaders of the country’s ruling political factions have every reason for alarm. The US–Israeli war on Iran—and its profound consequences for Iraq’s security, political stability, and economy—has produced a national crisis. Yet in Baghdad, political debate is still fixated on who will occupy which positions, what authority and resources they will control, and how to […]
WATCH: Hegseth calls congressional Democrats, some Republicans 'biggest adversary' in Iran war
WATCH LIVE: Hegseth, Caine testify for the 1st time since start of Iran war in House hearing
Poll: The Cost of Health Care Remains at the Top of the Public’s List of Economic Concerns, Even as Concerns About Gas Prices Climb
Health care costs continue to top the public’s list of economic anxieties, even as fuel prices and economic uncertainty rose following the start of the Iran war, a new KFF Health Tracking poll finds. Nearly two-thirds (64%) of U.S. adults are worried about being able to afford health care costs, including three in ten who say they are “very worried.” The same share (64%) are worried about gasoline or other transportation costs, up from about half (52%) in January.
Real estate market's summer rebound derailed: mortgage rates, Iran war
America's real estate market was set for a hot summer homebuying season. Then rising mortgage rates and the Iran war dashed everyone's hopes.
Regional businesses say Iran war, Trump tariffs are increasing prices, hurting the economy
The Middle East war and Trump's tariffs share some of the blame for a soft economic outlook, business leaders told the Cleveland Fed.
UK exports to Middle East tumble as Iran war hits economy
Rolling coverage of the latest economic and financial news
For Democratic veterans making midterm pitches, the Iran war is personal: From the Politics Desk
Plus, King Charles addresses Congress. And why another assassination attempt isn't likely to change Trump's approach to public events.
UAE quits OPEC in blow to cartel that could reshape global oil markets
The United Arab Emirates will leave a decades-old cartel of the world’s top oil exporters, delivering a major blow to the group that will ripple through the global oil market at a time of unprecedented turmoil caused by the Iran war.
The US-Israel-Iran War and Türkiye’s Defense Industry
Türkiye currently maintains a comprehensive inventory of sea and land-based electronic warfare assets thanks to its national defense industry
BP profits double after ‘exceptional’ oil trading during Iran war
Rolling coverage of the latest economic and financial news
Trump Rejects Iran Proposal as Nuclear Dispute Stalls Ending War
Trump faces political pressure to bring the Iran war to a close, as rising fuel costs weigh on public sentiment.
Rachel Reeves considering rent freeze to limit Iran war fallout
Exclusive: Sources say chancellor is examining exceptional measures to protect household budgets
From syringes to stents: Iran war exposes NHS dependency on petrochemicals
NHS chiefs fear rising costs and healthcare shortages due to the shipping standstill in the Gulf
White House Correspondents' Dinner protesters decry media, Trump, Iran War
Protesters stood outside the 2026 White House Correspondents' Dinner in Washington, DC, chanting “shame” and holding anti-war signs.
Trump cancels envoys' trip to Islamabad, hopes fade for breakthrough in Iran war
President Donald Trump canceled a trip to Islamabad by two U.S. envoys to meet Iran war mediator Pakistan on Saturday.
Trump is using the Iran war to take more control over business
The president has already turned the federal government into a major shareholder.
German business sentiment falls in April to lowest level since 2020
German business morale fell more than expected in April, as the Iran war made companies more pessimistic and threatened the long-awaited recovery of Europe's biggest economy.
How the Iran War Is Morphing Into a Volatile Standoff in the Strait of Hormuz
The conflict has morphed into a volatile standoff in the Strait of Hormuz, as the economic costs mount and President Trump faces a political backlash at home.
Exclusive | Iran War Complicates Contingency Plans to Defend Taiwan, Some U.S. Officials Say
The U.S. has burned through so many munitions in Iran that some administration officials assess that America couldn’t fully execute contingency plans to defend Taiwan from a Chinese invasion if it occurred in the near term, U.S. officials said.
German Business Activity Unexpectedly Shrinks as Services Plunge
(Bloomberg)--German private-sector activity unexpectedly contracted as the Iran war triggered the biggest plunge in the services sector in more than three years.
Residents in rural Sudan say the Iran war has made it harder to get medicines
Some people in Sudan say they have struggled to obtain medicines, and the war in Iran has made that worse.
Sainsbury's echoes Tesco warning as Iran war weighs on outlook
British supermarket group Sainsbury’s warned on Thursday that uncertainty around how the Iran war will affect consumers is clouding its outlook and could drag profits lower this year, echoing concerns voiced by market leader Tesco.
ServiceNow CEO downplays impact of Iran war and AI: 'Our business is doing great'
ServiceNow CEO Bill McDermott pushed back on concerns about the Iran war and AI disruption risks in an interview with CNBC's Jim Cramer.
CSX says more businesses are shipping via rail to avoid surging fuel costs
Shares of CSX jumped after hours on Wednesday after the railroad giant raised its sales outlook for the year, as more businesses choose rail to save on fuel costs in the wake of the Iran war.
US burning through weapons in Iran it needs for China war
The US has heavily expended key munitions. It has enough for the Iran war but risks vulnerability in a future conflict with China, experts warn.
Petroleum infuses a multitude of everyday items the Iran war could make more expensive
The Iran war’s most tangible and immediate effect for many people outside the Middle East has been spiking gasoline prices.
Approval of Trump on economy falls in new AP-NORC poll, as Iran war drives up prices
The findings from The Associated Press-NORC Center for Public Affairs Research show a president who is struggling with unfulfilled promises to tame inflation and testing Americans’ patience with a conflict in the Middle East that has dragged on longer than expected.
Condom maker may raise prices because of Iran war
Safe sex could get more expensive if the Iran war continues to disrupt global supply chains, according to the CEO of the world’s largest condom manufacturer.
South African business confidence hits five‑month low on impact of Iran war
South African business confidence weakened to a five-month low in March, dragged down by a weaker rand currency , a slowdown in trade and share price falls linked to the Iran war, data showed on Tuesday.
Primark to split from food business despite warning of Iran war impact
ABF to demerge fashion chain from firm that owns Kingsmill, Twinings and Patak’s, plus a sugar company
A deal to end the Iran war seemed close. Then Trump started posting on social media
As the weekend approached, the US and Iran appeared to be closing in on a deal to end the seven-week war.
How long will high gas prices last? Trump’s team doesn’t seem to have any idea
The domestic politics of the Iran war can mostly be summed up by two words right now: gas prices.
Trump tells PBS News that ‘lots of bombs start going off’ if Iran ceasefire expires
The statement came during a phone call with White House correspondent Liz Landers focused on the Iran war, as a U.S. delegation is preparing for more peace talks.
Quarter of a million people could lose job by middle of 2027 as UK ‘flirts with recession’, analysis says
Twin reports from top accounting firms underline scale of economic threat as Iran war shatters business confidence
Trump's approval rating drops over economy, Iran war in new poll
New polling from NBC News Decision Desk measured new lows for the president's second term. See the numbers.
Trump says US-Iran peace talks will resume in Pakistan on Monday
Peace talks to end the US-Iran war will resume on Monday in Pakistan, President Donald Trump has announced.
Poll: Trump's approval rating hits second-term low as Americans sour on the economy and Iran war
Two-thirds of Americans disapprove of Trump’s handling of inflation, according to an NBC News Decision Desk Poll, with some cracks emerging in his GOP support.
Iran war ceasefire, Q1 earnings will spark a big stock rally, strategist says
Ryan Detrick, the chief market strategist at Carson Group, shares his investing framework as the stock market rides a rapid relief rally.
Trump voters say the pope should 'stay in his lane' and butt out of the Iran war
Trump supporters at his events in Las Vegas and Phoenix largely backed his attack on Iran and sided with him in his ongoing dispute with Pope Leo XIV.
Trump is savaging allies who criticize the Iran war. But he’s treating Joe Rogan very differently
The way Joe Rogan tells it, about all President Donald Trump needed before he fast-tracked research into therapeutic uses for certain psychedelic treatments like Ibogaine was a text from a podcaster.
Inside USS Torsk, last US submarine to sink enemy ship until Iran War
The USS Torsk, a historic submarine that's now a museum in Baltimore, was the last US Navy submarine to sink an enemy ship until Operation Epic Fury.
This Ukrainian drone company fears missing Iran war moment
Ukraine's battle-proven drone interceptors are seeing new interest. One maker worries that without being able to export, it will miss the window.
Stocks are soaring. But the Iran war’s economic damage is far from over.
The surge in optimism contrasts starkly with continued energy supply challenges that threaten long-lasting economic harm — and a market reckoning.
Iran War Volatility Challenges Small Business: Expert Resilience Strategies
Six weeks into the Iran war, Hormuz disruptions are driving up oil prices, squeezing small businesses. Experts say cut costs, protect cash flow, and build resilience now.
Israelis suffer negative effects on health-related behavior due to Iran war
A Hebrew University study found that during the war, Israelis struggled with increased consumption of ultra-processed foods and a decrease in sleep and physical activity.
In Phoenix, Trump Eyes Lower Gas Prices and Frets About the Midterms
President Trump told a crowd of supporters that the price of oil and gas was coming down, part of an effort in recent days to present a rosier picture of the nearly two-month-long Iran war.
The Iran war collides with Mamdani's message on high costs: From the Politics Desk
Plus, Democrats post another overperformance in a special House election.
The Trump team’s puzzling ‘all is well’ message on the economy
After spending the early part of the Iran war trying to sell Americans on an economic message of short-term pain for long-term gain, President Donald Trump and his team have increasingly reverted to their previous posture: that of Kevin Bacon in “Animal House.”
Video: How JD Vance Is Being Tested as Trump’s Chief Defender
Vice President JD Vance has been tasked with defending the Iran war and President Trump’s attacks on Pope Leo XIV. Our White House correspondent Zolan Kanno-Youngs describes how that’s put Vance in a particularly difficult position.
The Iran war isn’t hitting your grocery bill
The Strait of Hormuz is reopening. But the war’s impacts on the food economy could linger.
Fed Beige Book Points to Uncertainty and Increased Business Costs - Small Business & Entrepreneurship Council
by Raymond J. Keating – The latest Federal Reserve Beige Book take on the economy pointed to sluggishness and uncertainty, with the Iran war naturally coming into the equation. Specifically, it was reported, “Overall economic activity increased at a slight to modest pace in eight of the twelve Federal Reserve Districts, while two Districts […]
The stunning underwater world that’s at risk as the Iran war drags on
Not far from the vessels stuck in the Persian Gulf is a one-of-a-kind marine ecosystem that’s home to dolphins, sea turtles and coral. How do oil slicks affect them?
Wheat price heading for biggest jump in two months as Iran war threatens food insecurity
Rolling coverage of the latest economic and financial news
Trump touts tax tips policy in Vegas, says Iran war is going 'swimmingly'
President Trump used a rare visit to Las Vegas to tout his no tax on tips policy, and also gave promising predictions on the Iran war.
House rejects effort to withdraw U.S. forces from Iran war as GOP lawmakers stick with Trump
The House rejected a resolution Thursday requiring President Donald Trump to withdraw U.S. forces from the war with Iran unless Congress authorizes military action. It was the latest such vote that fell short of passage as Republicans largely continue to support Trump's operation.
Republicans’ Anxiety Over Iran War Grows But Vote Against Curbing Trump’s Powers
GOP lawmakers want a quick to end to the fighting, but declined to vote to curb President Trump’s powers.