2026

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New York: U.S. stocks slumped after a report said inflation was primed to worsen even before the war with Iran sent oil prices spiking. That and comments from the head of the Federal Reserve pushed Wall Street on Wednesday to see less chance of getting the lower interest rates that it loves. The S&P 500

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New economic projections released by the Fed indicate that officials are still forecasting just one rate cut for 2026, though the outlook remains contingent on evolving economic conditions, particularly the effects of the West Asia conflict, according to a report The Federal Reserve on Wednesday kept interest rates unchanged, citing the “uncertain” impact of the

A strike on Iran’s Pars gas field has escalated the conflict, triggering threats of retaliation across Gulf energy sites and pushing oil prices higher amid fears of a broader regional energy crisis. Iran’s huge Pars gas field was hit on Wednesday in the first reported strikes on Iran’s Gulf energy infrastructure of the US-Israeli war

According to a draft statement, EU ambassadors have signaled support for increasing the naval presence, while emphasising that operations must remain strictly within the mandates of missions established before the current conflict. The European Union’s 27 member states are likely to back a plan to deploy additional naval ships to West Asia amid escalating disruption