Iran’s two largest steel plants shut down due to strikes, companies say
The strikes, which Iran says were first launched by Israel in co-ordination with the US last week, could cause major damage to the Iranian economy.
Read MoreECB’s Next Move Is Likely A Rate Rise, But Timing Unclear, Says Villeroy
The central bank last month left its key interest rate unchanged at 2%, but set out a number of ways in which developments in the Iran War might affect the eurozone’s economic outlook.
Read MoreWar With Iran Clarifies Trump’s Spending Priorities: The Military, Not Child Care
As the White House prepares to release its 2027 budget, President Trump said military protection, not social programs, took precedence.
Read MoreMortgage Rates Climb for 5th Week as Iran War Weighs on U.S. Housing Market
The average rate on a 30-year mortgage in the United States jumped to 6.46 percent, making it harder for buyers to afford homes.
Read MoreStocks swing in choppy trade amid war uncertainty
Stocks initially nursed hefty falls after US President Donald Trump threatened further heavy strikes on Iran.
Read MoreFormer national security official: ‘We might be in for an escalation’ of Iran war
Former White House national security adviser Brett McGurk said President Trump’s Wednesday evening address spelled a potential “escalation” in the U.S.’s ongoing military operations against Iran. McGurk, who has served under Republican and Democratic presidents, including Trump, told CNN’s “The Source” after the president’s speech that the U.S. “might be in for an escalation of…
Read MoreAmerica Lost. Iran Won. Trump Shat the Bed.
America will leave Iran weaker; the Islamic Republic will be stronger.
Read MoreGold price drops after Trump makes stunning claim about Iran
Gold investors had spent four days clawing back ground. Then President Donald Trump stepped to the podium. Spot gold fell 2% to $4,664.39 per ounce on April 2, snapping a four-day winning streak, after the president delivered a prime-time address on April 1 pledging to escalate military operations …
Read More‘A litany of lies’: Trump’s rambling prime time Iran address sparks backlash
US president’s 19-minute Wednesday address at the White House was met with bewilderment from commentatorsDonald Trump’s primetime nationwide address on the war with Iran caused widespread bewilderment, with commentators voicing shock at his vow to continue bombing to “bring them back to the stone ages”.Speculation before Wednesday’s speech from the White House Blue Room suggested…
Read MoreDow plunges following Trump Iran remarks
Markets reacted negatively to President Trump’s address to the nation on the Iran war. CBS News’ Jill Schlesinger breaks down the economic impact of the ongoing conflict.
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