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U.S. Treasury yields fell on Wednesday after the U.S. and Iran agreed to a two-week pause in hostilities.
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The eventual ask of Congress is likely to fall between $80 billion and $100 billion, officials said, less than half the amount of an earlier proposal to offset costs of the conflict.
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Crude prices tumbled by as much as 15% on the conditional pause but is higher than before the war.
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Across Europe and the globe, the war has damaged economies, roiled politics and underscored a lack of options in dealing with President Trump's whims.
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Mortgage rates have been rising and hundreds of the cheapest deals have disappeared over the last month.
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The path to the two-week ceasefire with Iran may have fundamentally altered the way the rest of the world views the US.
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The first U.S.-born pontiff has consistently called for dialogue to resolve the war in the Middle East. He referred to Trump's Iran threats as ‘truly unacceptable.'
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President Trump, in vowing to systematically destroy civilian infrastructure and annihilate Iran's entire civilization, appears to be creating evidence about his intentions.
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The near closure of the Strait of Hormuz since the war began has led to a historic oil supply shock, which quickly sent global energy prices soaring.
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The victims had no ties to Hezbollah, and Israel said they were not targets. Many Lebanese are angry with Israel, but also with Hezbollah for embroiling their country in the war.
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The United States and Israel attacked Iran on Feb. 28, starting a weekslong war that spread to neighboring countries and rocked global markets.
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Oil prices plunged and U.S. stock futures soared after President Donald Trump announced "a double sided ceasefire" in the war with Iran.
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More than one million people in Lebanon have been displaced since the start of the war as Israel expands its ground operation there.
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The Chicago-born pope suggested fellow Americans call their congressional representatives and ask for peace, not war.
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The crew of the NASA mission had a quiet day as they flew home toward Earth.
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