The effects of the war in Iran are squeezing consumers, businesses and governments around the world, raising the prices of many essential goods.

The most immediate impact of the war on the global economy has been a sharp shortage of distillate fuels, particularly gasoil and jet fuel. This disruption comes at a time of seasonally high demand, driven by agricultural planting and the approach of peak holiday travel, when air traffic typically rises.

President Donald Trump has cast a fragile two-week ceasefire between the United States and Iran as a “total and complete victory.” But the terms of the truce highlight how Iran has used control of the Strait of Hormuz to gain enormous leverage over the global economy.

Surging oil prices continue to ripple through the global economy due to the war with Iran.

The world economy is experiencing a disorienting flashback to the 1970s. Oil prices are once again surging in the wake of war in the Middle East, driving up the cost of gasoline, diesel and jet fuel and threatening a return to stagflation.

Wave Quantum Inc. (NYSE: QBTS) ("D-Wave" or the "Company"), the only dual-platform quantum computing company providing both annealing and gate-model systems, software and services, today announced that CEO Dr.

Global growth estimates are falling as inflation inches up with the energy shock. Some of the best bets may be Latin American bonds.

The Iran crisis threatened “the largest geopolitical oil supply disruption in history,” the Dallas Fed warned.