Iran

Treasury Secretary Scott Bessent suggested that the economic growth of the current quarter might “be slower than it was” due to the U.S.-Iran war. Speaking to CNBC’s Sara Eisen on Wednesday, Bessent emphasized that the economy was in “such good shape” before the...

The President Donald Trump administration is reportedly in talks with General Motors Co. (NYSE:GM), Ford Motor Co. (NYSE:F) and other manufacturers to produce weapons and other military supplies amid wars in Iran and Ukraine. A World War II Callback? The Pentagon has approached GM CEO Mary Barra,...

Something is off with the math in Washington. On Wednesday morning, President Donald Trump declared on Truth Social that the Strait of Hormuz is now “permanently” open — crediting US military superiority and a new understanding with China under which Beijing agreed not to ship weapons...

The U.S. is reportedly deploying thousands of additional troops to the Middle East, aiming to pressure Iran into a deal and prepare for potential further conflict. The Pentagon is preparing to dispatch more than 10,000 troops to the Middle East in the coming days. The deployment includes...

Investor and co-founder of Echelon Wealth Partners, Peter Schiff, warned on Tuesday that President Donald Trump‘s blockade on the Strait of Hormuz could be perceived as an act of war by affected countries. Act Of War Schiff expressed concerns about the U.S.-led blockade of the Strait of...

The U.S. has reportedly chosen not to renew waivers on sanctions for Iranian and Russian oil amid a more stringent approach towards these countries. The 30-day waiver on sanctions for Iranian oil currently at sea, set to lapse this week, will not be prolonged, Reuters reported on Tuesday. In...

Senator Rand Paul (R-Ky.) issued a stark warning regarding the escalating costs of the ongoing Iran war, arguing that adding hundreds of billions in new military spending threatens the stability of the U.S. dollar and poses a much greater risk than any foreign adversary. The $700 Billion Price Tag...

Governor Jay Robert ‘JB’ Pritzker (D-IL) on Tuesday said he was pushing for Washington to make E15 fuel available year-round at the pump amid criticism of President Donald Trump‘s stance on Iran. Trump Looking Out For Corporations In a post on X, Pritzker backed E15 fuel to help...

A prolonged shutdown of one of the world's most critical oil routes could do more than disrupt energy markets—it could tip the global economy into recession. That's the warning from Ken Griffin, speaking at the Semafor World Economy Summit in Washington, DC. "Let's assume it's shut down for the...

U.S. stocks pushed back toward pre-war highs Tuesday, with the S&P 500 reclaiming the 6,960 level and small caps leading a broad-based advance as investors cheered fresh signs of progress in U.S.-Iran negotiations that sent crude oil tumbling nearly 7%. • What’s driving XLY shares...

Chinese President Xi Jinping took a veiled dig at Washington during a meeting with Spanish Prime Minister Pedro Sanchez on Tuesday, asserting that the “international order is crumbling into disarray”. In another meeting with Abu Dhabi Crown Prince Sheikh Khaled...

Tom Lee, the head of research at Fundstrat, said that the ongoing war and increased defense spending are playing a significant role in the economy’s resilience and the continued rise of stocks. Speaking to CNBC host Brian Sullivan at the show ‘Power Lunch’ on Monday, Lee stated...

Copper spiked to a one-month high on early Tuesday trading as renewed optimism around potential peace talks between the U.S. and Iran lifted market sentiment across global commodity markets. President Donald Trump said that Tehran had contacted Washington about a potential agreement. Potential de-...

Pakistan has reportedly extended an offer to host the second round of negotiations between the U.S. and Iran in Islamabad, ahead of the two-week ceasefire expiration. The final decision on the venue will be determined based on the preferences of the involved parties, two undisclosed...

Transportation Secretary Sean Duffy hit out at Governor Gavin Newsom (D-CA) on Monday, accusing the latter of letting his state be dependent on foreign oil suppliers amid the U.S.-Iran war. Sean Duffy Slams ‘Climate Alarmist’ Gavin Newsom In a post on the social media platform X, Duffy...