Cleveland Fed’s Hammack: More Than One Rate Hike Needed to Tame Inflation
Cleveland Fed president Beth Hammack said Monday that a single rate move won't be enough to bring down inflation, and…
World News
Global economic and financial news — Federal Reserve decisions, geopolitical events, trade policy and macroeconomic data that move financial markets worldwide.
US Blockade Leaves Iran’s Kharg Island Oil Terminal Idle for at Least a Week
Satellite and shipping data show Iran's Kharg Island, the terminal that handles most of the country's crude exports, has not…
Trump Demands Iran Compensate Americans and Slain Protesters’ Families
President Donald Trump says he is now demanding compensation from Iran for Americans killed in Iranian-linked attacks and for the…
Iran’s Mojtaba Khamenei Appoints Six Senior Military Commanders as Wartime Leadership Takes Shape
Iran's Supreme Leader Mojtaba Khamenei has appointed six senior military commanders to lock down the country's wartime command structure. The…
Supertanker Rates Near $500,000 a Day as Iran Conflict Chokes the Strait of Hormuz
Supertanker charter rates topped $481,000 a day after airstrikes on Iranian assets in late February 2026 triggered a near-total halt…
