Treasury Secretary Scott Bessent said President Trump might postpone his trip to China in late March if he needs to monitor the Iran war from Washington.
A federal judge blocked the criminal probe into Federal Reserve Chair Jerome H. Powell on Friday, ruling the federal investigation into a renovation project seemed to be a pretext for harassing the central banker into doing President Trump's bidding.
Democrats spent much of last year attacking the GOP over spending cuts to health programs such as Obamacare and Medicaid. Now they're tying that fight to the debate over the war in Iran, saying the conflict is burning through public money that could have been spent on domestic priorities.
President Trump on Thursday said the U.S. could profit from high oil prices but that stopping the "evil" Iranian regime from obtaining a nuclear weapon was far more important to him.
President Trump said Thursday there is an upside to rising oil prices as a result of the war against Iran -- the U.S. will make money as a major producer.
The International Energy Agency on Thursday said the war in the Middle East is "creating the largest supply disruption in the history of oil markets" as crude prices spiked again and tankers came under fire in the Gulf region.
President Trump said Wednesday the war against Iran is turning out to be "easier than we thought" and predicted that soaring oil prices will plummet again, as the conflict threatens to upend his focus on the economy in a midterm election.
The International Energy Agency said Wednesday that member countries will release 400 million barrels of oil to alleviate price pressures from the war in Iran.
The CEO of a major Saudi oil exporter said Tuesday the conflict in Iran could have "catastrophic consequences" for energy markets, as President Trump and Tehran officials engaged in a war of words over the Strait of Hormuz choke point.
President Trump on Monday said other countries might have been responsible for firing a Tomahawk missile that hit an Iranian school on the first day of U.S.-Israeli strikes on the Islamic republic.
The Group of Seven said Monday it would tap strategic oil reserves if necessary after oil prices surged above $100 per barrel, heaping pressure on President Trump to address the economic fallout from his war with Iran.
Australia said Monday it is granting asylum to five members of the Iranian women's soccer team, responding to concerns the players would be harmed if they returned to their home country.
President Trump says surging oil prices are a short-term problem and a worthwhile sacrifice as the war in Iran causes supply concerns in energy markets.
The Trump administration is rolling out a $20 billion reinsurance program for ships that are worried about incurring losses due to the U.S.-Israeli on Iran and retaliatory strikes against oil-rich Gulf states.
Gas prices hit $3.32 per gallon on Friday, the highest point since September 2024, as the Iran war boosts energy costs and threatens to undermine one of President Trump's favorite economic talking points.