The islands off Iran have become the latest focus of the war after a U.S strike destroyed military sites last week on Kharg Island.

The supply interruptions and attacks on energy infrastructure, especially oil and gas, have reduced output and exports

Beyond the battlefield, the Iran war is exposing fragile economic chokepoints from energy routes to fertilisers and industrial gases, raising concerns among economists that supply disruptions could shape global prices and trade long after the conflict ends.

The war with Iran is doing collateral damage to the world economy. The conflict is driving up energy, grain and fertilizer prices and threatening food shortages in poor countries.

Americans are poised to receive bigger refunds when they file their taxes this year than they did in 2025, due to changes in the tax code

The U.S. economy was in worse shape in the weeks before the U.S. and Israel launched strikes against Iran than earlier government estimates had suggested.

WASHINGTON — The war in Iran has cost at least $12 billion so far, President Trump’s top economic adviser revealed Sunday. Kevin Hassett, director of the National Economic Council, acknowledged that the total price of the war will continue to grow and downplayed any imminent need for supplemental funding from Congress.

The first data release of the year, which gathers both January and February to smooth out lunar new year distortions, comes as China faces both energy-related and geopolitical challenges from the US war in Iran.

The Strait of Hormuz, an essential waterway effectively closed by Tehran, has become the biggest obstacle for the US president to declare victory in the Middle East