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Countries already walloped by a breakdown of the international trading order, war in Ukraine and chaotic U.S. policymaking are facing potentially lasting economic damage.
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European stocks ended Thursday's session lower as investors monitor the Iran war and global oil prices.
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The latest incidents in or near the Strait of Hormuz come shortly after Iran warned the world to prepare for $200 oil prices.
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Trump, who promised to lower gas prices, is tapping the Strategic Petroleum Reserve as war drives prices up. And, the U.S. investigates the strike on an Iranian school that killed at least 165 people.
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Mojtaba Khamenei struck a defiant tone and signaled that Iran would not back down in a war that has spread across the Middle East.
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Six ships have been reportedly attacked in the Gulf in less than 48 hours, bringing the total vessels attacked during the war to 18.
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The Iran war is expanding into Lebanon, as the Israeli offensive to dismantle Hezbollah has displaced 800,000 people there, with more than 680 people killed.
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The Pentagon officially designated Anthropic a supply-chain risk last week, but the DOD is still using Claude for the war in Iran.
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The war in the Middle East has sent oil and gas prices soaring. Our energy reporter Rebecca F. Elliott breaks down how much the world continues to depend on reliable sources of oil.
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The inauguration of Chile's new president, José Antonio Kast, is the latest milestone in a broader shift toward conservatism and pro-Trump alignment in the region.
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The Pritzker Prize was awarded Thursday. "In every work, he is able to answer with radical originality, making the unobvious obvious," said fellow Chilean architect and prize chair Alejandro Aravena.
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Iran's Supreme Leader Ayatollah Mojtaba Khamenei has issued his first statement since his appointment as the war with the United States and Israel rages.
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Countries around the world are feeling the impact of the conflict and the resulting energy price shock.
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Markets seesawed on Day 13 of the war in the Middle East, as two oil tankers were struck by projectiles near Iraq's southern ports and attacks between Israel and Hezbollah intensified.
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The U.S. said this week that it attacked 16 Iranian mine-laying vessels near the Strait of Hormuz. In the 1980s, Iranian mines damaged oil tankers and a U.S. Navy warship.
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The Iran war has rattled global energy markets, but analysts say Europe can avoid a full-blown 2022-style supply crisis.
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Now that the Syrian civil war is over, Sweden wants Syrian expats to go home. For those who've built a new life in Sweden, that's not a small request.
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