U.S. | DD News

April 23, 2026 12:58 PM

From paint to flights, Iran war lifts costs, darkens outlooks

Companies from consumer goods to travel and mining warned on Wednesday that the U.S.-Israeli war with Iran is driving up costs, disrupting supply chains and hurting consumer confidence, clouding financial outlooks. The cautious tone in the earnings season highlights the pressure on businesses already hit by U.S. tariffs, higher input costs and weak demand before the conflict erupted in late February. While some companies stuck to their full-year forecasts, executives flagged rising transport a...

April 2, 2026 9:24 AM

Global Stocks sink, oil surges as Trump vows to keep hitting Iran

Global markets recoiled on Thursday as war jitters over Iran deepened, with stocks sliding, oil surging and the dollar firming after U.S. President Donald Trump dashed hopes for clarity on when the Middle East conflict might end. Trump said in a prime-time address that the U.S. would hit Iran "extremely hard" within weeks, claiming military goals were nearly achieved and the conflict was close to ending. The front-month Brent contract for June jumped about 5% to $106.16 per barrel after invest...

March 20, 2026 9:35 AM

Israel launches new wave of attacks on Iran as crisis deepens

Israel launched a fresh wave of attacks on Iran on Friday, a day after President Donald Trump told it not to repeat its strikes on Iranian natural gas infrastructure, which sharply escalated the U.S.-Israeli war on Iran. The conflict has killed thousands of people, spread to neighbouring nations and hit the global economy since the United States and Israel launched strikes on February 28, after talks about Tehran's nuclear program failed to yield a deal. "The IDF has just begun a wave of strik...

March 19, 2026 10:57 AM

Trump vows no more attacks by Israel on Iran gas field after it ‘violently lashed out’

U.S. President Donald Trump said an angry Israel "violently lashed out" and attacked Iran's major gas field, a significant escalation in the U.S.-Israeli war, but ruled out further such attacks by Israel unless Iran retaliated. Wednesday's attack on the huge South Pars gas field drove oil prices higher and prompted a threat by Iran to attack oil and gas targets across the Gulf, while it fired missiles at Qatar and Saudi Arabia. The escalation heightens the unprecedented disruption of global en...

March 11, 2026 9:40 AM

Global shares steady, oil turbulence deepens as Middle East war roils markets

Global shares steadied on Wednesday following a brief retreat in oil prices, but markets remained anxious as contradictory signals from the U.S.-Israeli war on Iran left investors struggling to gauge its impact on global inflation and growth. A short-lived pullback in oil came after the Wall Street Journal reported that the International Energy Agency has proposed the largest release of oil reserves in its history to bring down crude prices, providing some relief to battered global stocks while...

March 9, 2026 11:34 AM

Iran defies Trump, elevates Khamenei’s son Mojtaba as successor

Iran's clerical leadership chose confrontation over compromise in appointing Mojtaba Khamenei to succeed his father, Ali Khamenei, a move regional officials say is a direct rebuke to U.S. President Donald Trump, who had declared the son "unacceptable". Supreme Leader Ayatollah Ali Khamenei was killed in a U.S.-Israeli strike at the start of the conflict, now in its second week. The appointment of Mojtaba as his successor by the Assembly of Experts locks hardliners firmly in control in Tehran -...

March 9, 2026 3:13 PM

Oil prices surge to highest since 2022 at over $119 a barrel on Middle East war

Oil prices surged over $119 a barrel, hitting levels not seen since mid-2022, on Monday as some major producers cut supplies and fears of prolonged shipping disruptions gripped the market due to the expanding U.S.-Israeli war with Iran. Brent crude futures LCOc1 were up $13.02, or 14%, at $105.71 per barrel at 2:47 PM, while U.S. West Texas Intermediate (WTI) crude CLc1 futures were up $12.16, or 13%, at $103.06. In a whiplash session, Brent had earlier hit a high of $119.50 a barrel, indi...

March 9, 2026 9:13 AM

Iran names Khamenei’s hardline son Mojtaba as new supreme leader

Iran on Monday named Mojtaba Khamenei to succeed his father Ali Khamenei as supreme leader, signaling that hardliners remain firmly in charge, as the week-old U.S.-Israeli war with Iran pushed oil above $100 a barrel. Mojtaba, a cleric with influence inside Iran's security forces and vast business networks under his father, had been viewed as a frontrunner in the lead-up to Sunday's vote by the Assembly of Experts, a body of 88 clerics tasked with choosing Ali Khamenei's successor. "By a decis...

March 3, 2026 8:04 PM

UK’s Reeves promises stability against backdrop of Middle East conflict

British finance minister Rachel Reeves said she would provide stability for the economy in a budget update speech on Tuesday that contained no big policy surprises and was overshadowed by alarm among investors over the conflict in the Middle East. Reeves said fresh forecasts showed inflation and borrowing would be lower than previously thought by Britain's fiscal watchdog, although its economic growth projection for this year was cut to 1.1% from a previous estimate of 1.4%. Those forecasts ma...