The U. S. has a history of underestimating military expenses, and this pattern repeats in the current Middle East conflict. In 2002, officials predicted a $50 billion price tag for Iraq—yet the war cost taxpayers over $3 trillion. Now, a new campaign is launched with the same low estimate, raising d
The U. S. Treasury market is feeling the pressure of a new war in Iran, with investors showing less enthusiasm for short‑term notes. Recent auctions for 2‑, 5‑ and 7‑year bonds drew weak bids, pushing yields above expectations. This shift is a sharp change from the record demand seen last month for
The French government is not ready to lower fuel taxes or give big subsidies after the price spike caused by the Iran war. Finance Minister Roland Lescure told lawmakers that cutting taxes would not help the shortage of energy supplies and could make inflation worse. Opposition parties want lo
The UK government plans to give money help for households that are paying more for power because of the war in the Middle East. Finance Minister Rachel Reeves said this will not ruin the country’s plans to fix its money problems. She reminded lawmakers that past actions caused trouble. The
The British Prime Minister has called an urgent meeting to discuss how the war in Iran could hurt the UK’s economy. The gathering will include the finance minister and the governor of the Bank of England, with additional ministers on energy and foreign affairs also present. Investors expect another
The ongoing conflict in Iran threatens to spark a global energy crunch that could ripple through economies worldwide. Some countries are more vulnerable than others, depending on how they use and import energy. In Europe, memories of the 2022 war in Ukraine still echo. Germany’s manufacturing secto
The Federal Reserve is likely to leave interest rates unchanged, even as oil prices jump past $100 a barrel. This decision comes after years of political pressure on the Fed, with some politicians calling for lower rates and even threatening to replace the chair. In recent legal battles, a jud
The stock market took a sudden dip today, with the Dow Jones Industrial Average falling after new inflation figures appeared more alarming than expected. Analysts had anticipated a moderate rise in prices, but the data showed a sharper increase that made investors uneasy. Because of this surprise,
The Federal Reserve chose to keep interest rates steady for a second straight meeting, a move that left President Trump annoyed. He has repeatedly asked the Fed to cut borrowing costs, claiming high rates hurt consumers and businesses. Trump’s frustration grew as oil prices climbed amid tensions in
The prediction market Myriad has shifted its outlook on a potential “crypto spring. ” Earlier in the day, participants set the chance of a rally at more than 62 %. By evening, that figure fell below 50 % as the market adjusted to recent price moves. Myriad’s rules require at least four of five ta
