Dimon warns Iran war could sink economy into a recession
JPMorgan Chase CEO Jamie Dimon is warning that the Iran war could lead to prolonged inflation and higher interest rates that ultimately could tip the U.S. economy into a recession. “The skunk at the party — and it could happen in 2026 — would be inflation slowly going up, as opposed to slowly going down….
Read MoreTrump to hold news conference on airman rescue as his deadline for Iran looms
Trump will hold a news conference at the White House, where he’s expected to give more details on the rescue of a U.S. airman whose fighter jet was shot down over Iran.
Read MoreSky News interrupted as Trump’s ‘hell’ threat to Iran overshadowed by ‘humiliating’ update
Sky News halted programming with breaking news showing destroyed US aircraft in Iran after Donald Trump issued an expletive-laden warning to Tehran
Read MorePlans to put UK industries on war footing ‘delayed until next year’ despite Iran conflict
It comes despite repeated threats from Donald Trump to pull out of Nato
Read MoreIran spurns ‘unrealistic’ US peace proposal
Iran again shot down a peace proposal from the U.S. on Monday, calling it “unrealistic.” The rejection comes as the countries approach a deadline imposed by President Trump for the Strait of Hormuz to be reopened or Iran would face “all Hell,” with military strikes on power plants. The U.S. and Iran received a draft ceasefire proposal…
Read MoreRepublicans fooled by AI-generated image of US crew member rescued in Iran
Fake image of airman surrounded by smiling military members has been reshared more than 21,000 times on the X platformSign up for the Breaking News US email to get newsletter alerts in your inboxRepublican politicians were hoaxed over the weekend by an image purporting to be a downed US warplane crew member rescued by military…
Read MoreWhere are Iran’s power plants that Trump has threatened to destroy?
US President Trump threatens to destroy power plants, bridges by 8pm Tuesday if Iran doesn't open the Strait of Hormuz.
Read MoreThe Latest Blows to Iran’s Leadership
An Iranian intelligence chief killed overnight on Monday was one of several Iranian officials who occupied their posts for only a few months.
Read MoreU.S. Services Sector Faced Heightened Inflation in March
Inflation pressures facing U.S. services firms were the greatest in four years last month as the war in Iran pushed up energy prices, a survey of managers found.
Read MoreJamie Dimon says US should strengthen allies economically, in veiled criticism of Trump
JP Morgan boss appears to condemn president’s tariff regime in annual letter to shareholdersMiddle East crisis – live updatesThe head of the US’s largest bank has pressed the White House to strengthen Washington’s allies economically in order to “avoid truly adverse consequences”, in the latest instalment of an increasingly testy relationship with the Trump administration.As…
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