Oil Prices Spike to $120 as Energy Infrastructure is Targeted in Iran Conflict
Oil Prices Surge Amid Middle Eastern Conflicts Brent crude oil jumped to nearly $120 a barrel on Thursday morning before retreating, largely due to escalating tensions in the Iranian area that threaten key energy sites in the Middle East. A drone strike targeted a Saudi oil refinery, prompting President Trump to issue a stark warning […]
Experts warn that the chance of a recession increases if oil prices reach a critical level amid the ongoing conflict in Iran.
Oil Prices and U.S. Economic Risks A recent survey by The Economist indicates that oil prices would need to reach approximately $138 a barrel and stay at that level for a few weeks for the U.S. to face a significant recession risk. This assessment comes in the context of heightened tensions due to Iran’s blockade […]
Hegseth asks for $200 billion for the Iran conflict — ‘It requires funding to defeat bad people’
Update on Military Operations in Iran During a press conference at the Pentagon on March 19, 2026, Army Secretary Pete Hegseth confirmed that the Pentagon has requested $200 billion from the White House for ongoing military actions in Iran, known as “Operation Epic Fury,” which commenced on February 28. “As far as $200 billion, I […]
Pentagon asks Congress for over $200 billion for Iran conflict
Army Seeks Additional Funding Amid Ongoing Iran Conflict Army Secretary Pete Hegseth announced on Thursday that the Pentagon plans to request more funding from Congress as Operation Epic Fury moves into its third week. During a Pentagon news briefing, Hegseth indicated that this additional funding request aims to cover operational expenses and replenish U.S. weapon […]
Pete Hegseth Questioned About Pentagon’s $200 Billion Request for Iran Conflict
Pentagon Seeks Additional Funding for Iran Operations On Thursday, Army Secretary Pete Hegseth addressed inquiries regarding the Pentagon’s request for $200 billion focused on the conflict with Iran. Reports indicate that the Pentagon has approached the White House for congressional approval of this significant funding for what they are calling Operation Epic Fury. Daily Caller […]
Mullin confronts intense DHS hearing as Rand Paul conflict and Democratic doubt complicate the way forward
Sen. Markwayne Mullin’s confirmation hearing for the Department of Homeland Security was filled with tension and sharp exchanges, particularly between him and Senate Homeland Security Chairman Rand Paul. It’s clear there’s a rush to confirm him, especially with a deadline set by President Trump for March 31. This hearing was crucial, especially given the ongoing […]
Gas prices in the US reach their peak level since 2023 following 19 days of conflict in Iran
US Gas Prices Rise Amid Iran Conflict Gasoline prices in the US have surged to their highest levels in three years, largely due to the recent attacks by the US and Israel on Iran. This escalating situation is putting financial pressure on American consumers. In response to a beheading attack, Iran has expressed concerns about […]
Wholesale inflation reaches its highest point in a year as concerns about rising prices grow due to the Iran conflict.
U.S. Wholesale Prices Surge in February Wholesale prices in the U.S. for February have surpassed expectations, as reported by the Labor Department on Wednesday. The Producer Price Index (PPI), which gauges inflation in advance, showed a 0.7% rise from January and a significant 3.4% increase compared to February of last year. This year-over-year change marks […]
UAE Central Bank introduces a support plan for banks during the Iran conflict
Live updates: Latest news on USA-Iran conflict The Central Bank of the UAE has approved a set of recovery measures aimed at stabilizing the banking sector amid ongoing conflicts in the Middle East. According to the board of the CBUAE, this initiative seeks to bolster the UAE’s banking sector “given the exceptional global and regional […]
U.S.-Iran conflict evolves with three possible military escalation scenarios
U.S.-Iran Conflict: Exploring Military Options The ongoing conflict between the United States and Iran has reached a significant turning point. Potential military actions under debate include targeting Kharg Island, Iran’s critical oil hub, and more extreme options like a ground invasion or targeted missions against Iran’s nuclear facilities. This urgency arises after recent U.S. strikes […]