The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 99.60 during the Asian trading hours on Wednesday. The DXY holds steady as traders wait on the sidelines ahead of the US Federal Reserve (Fed) interest rate decision later on Wednesday. Intensifying […]
A sign displays the prices of unleaded gasoline at a Chevron gas station in Palo Alto, California, US, on Tuesday, March 10, 2026. David Paul Morris | Bloomberg | Getty Images The war in Iran — and the accompanying spike in oil and gasoline prices — risks exacerbating the so-called K-shaped economy, economists said. The […]
Energy prices are surging as the Iran war disrupts supply, raising risks for the US, China and Europe. All eyes are on the Strait of Hormuz. The longer it remains closed, the greater the damage to the global economy. Iran continues to block tankers from shipping close to 20 percent of the world’s oil supply. […]
D.C. lost over 22,000 federal jobs in 2025, a step experts say is the result of broader shifts in the government workforce last year and one the city had anticipated as it plans future budgets. D.C. lost over 22,000 federal jobs in 2025 as the result of President Donald Trump’s plan to downsize the federal workforce, […]
To President Trump, the U.S. economy appeared to be moving in his direction at the turn of the year. But that was before he started the war in Iran in a move that has unnerved consumers and businesses around the world. Now, by his own hand, the president facebook.com Read the full article…
Rupee weakens to all-time low of 92.40 against USD amid high crude oil prices, foreign fund outflows, and geopolitical concerns. Mumbai, Mar 16 (PTI) The rupee weakened by 10 paise to settle at a fresh record low of 92.40 (provisional) against the US dollar on Monday amid surging crude oil prices and incessant withdrawal of […]
Key takeaways US stocks ended the week lower as the war with Iran disrupted the outlook for oil prices, economic growth, and inflation. Those losses have been somewhat muted, however, with the Morningstar US Market Index down less than 1.6% this week and 4.2% since the start of the war. After falling on hopes for […]
QUESNEL: The world’s economy has a chokehold — Iran has its hands around it Western Standard Read the full article…
JERUSALEM (AP) — The islands off Iran’s coast have become the latest focus of the war after a U.S strike destroyed military sites last week on Kharg Island, which is vital to Iran’s oil network. The strike on Friday on the island in the Persian Gulf left its oil infrastructure intact and vessels were still […]
U.S. President Donald Trump threatened further strikes on Iran’s Kharg Island oil export hub and urged allies to send warships to secure the Strait of Hormuz, as Tehran vowed to step up its response and the war showed no sign on Sunday of coming to an end. Trump said the U.S. strikes had “totally demolished” […]
