Wall Street’s losses deepened as the ongoing fallout from the war in Iran keeps pushing oil prices higher, ratcheting up inflationary pressure on the global economy

The US said it had stepped up strikes on Iran to unprecedented levels as both sides in the war threatened to escalate a conflict hitting its two-week mark and upending energy flows and global financial markets.

U.S. President Donald Trump posted a new threat to Iran’s leaders Friday on his Truth Social website, saying: “They’ve been killing innocent people all over the world for 47 years, and now I, as the 47th President of the United States of America,

As American and Israeli strikes pound the Islamic Republic and Iran attacks Persian Gulf shipping and energy infrastructure with no sign of an end to the war, oil prices have soared back above $100 a

A U.S. military refueling aircraft crashed in western Iraq on Thursday, in an incident U.S. Central Command said involved another aircraft but was not the result of hostile or friendly fire. In a statement,

World shares retreated on Friday while oil prices again popped above $100 per barrel as anxiety remained over the Iran war and its impact on supplies of crude oil and gas. U.S. futures slipped, with the futures for the S&P 500 and Dow Jones Industrial Average down 0.

U.S. President ​Donald ‌Trump ‌said ⁠on Thursday that ⁠rising oil ​prices ​mean greater ⁠profits ⁠for ⁠the United States, ​but his ​priority ⁠is ⁠stopping Iran from having ⁠nuclear weapons. (Reporting by Bhargav Acharya,

On Wednesday, the International Energy Agency (IEA) said it would release a record 400 million barrels of oil. Governments in Asia, which are major buyers of oil from the Gulf, ha