Consumers continue to feel the effects of inflation on their finances. In February, the Consumer Price Index, which tracks the cost of consumer goods and services, showed a rise of 2.4% over the past 12 months. And according to another world policy organization, the US war with Iran and its effects on the price of … Read more
The US-Israel war against Iran could end up costing the monthly bills of more than one million UK households, the Bank of England has predicted, adding that the conflict has caused a “major supply chain crisis” in the global economy. Financial market turmoil over the Middle East conflict has caused banks to withdraw about 1,500 … Read more
The Aloha State burns imported oil to generate most of its electricity. As prices continue to rise, electricity bills are expected to increase by 20-30% in the coming months. Islanders are already suffering at the pump as the US and Israel continue their war with Iran, but when it comes to their electricity bills there … Read more
By ANGHARAD CARRICK, BUSINESS EDITOR Updated: 05:12 EDT, April 1, 2026 Stock markets are rallying as oil falls near $100 on hopes that the war in Iran could end soon. Investors clutching at any sign of easing doubts were cheered by Donald Trump’s latest suggestion that the US could end the conflict within ‘two or … Read more
Food price rises could hit 9% in the UK this year, even if the strait of Hormuz opens in the next few weeks, figures suggest, as the Iran war raises energy prices. The Food and Drink Association, which represents 12,000 food and drink producers, has predicted that prices will rise by “at least” 9% by … Read more
That question ceased to be a hypothesis last week. US sends Iran 15-point ceasefire plan; Tehran called it “maximalist and unreasonable” and denied that talks were taking place. Oil rose above $106. The White House quietly started making the $200 model. Since then, Trump has threatened to destroy Iran’s oil infrastructure, Iran’s military has continued … Read more
Ford pickups at California dealerships. Automakers eyeing US demand since war breaks out in Middle East (JUSTIN SULLIVAN) ยท JUSTIN SULLIVAN/GETTY IMAGES North AMERICA/Getty Images via AFP Automakers are expected to report weaker first-quarter sales in the U.S. as war in the Middle East clouded the industry’s outlook compared to last year’s extraordinary strength. The … Read more
US President Donald Trump visits to sign an executive order in the Oval Office of the White House in Washington, DC, March 31, 2026. Evan Vucci | Reuters Hi, this is Dylan Butts writing to you from Singapore. Welcome to another edition of CNBC’s Daily Open. Global markets weighed down by the US-Iran conflict continued … Read more
If you woke up today and heard someone say that Wall Street’s tech sector was up more than 3 percent overnight, you’d expect it to be immediately followed by “April Fools’ Day.” But no, American stocks rose overnight, with the Dow Jones Industrial Average jumping 1,125 points on Tuesday. The benchmark S&P 500 gained 2.9 … Read more
NEW YORK (AP) – The financial markets were devastated in the first two months of the year. Then came the war. The price of a barrel of Brent crude oil is above $100 for the first time since the summer of 2022 and gasoline prices have risen. That was followed by a long period where … Read more