A prolonged Israel-Iran conflict could push oil prices sharply higher, potentially prompting the Federal Reserve to either hasten rate cuts due to an economic slowdown or delay them to combat rising inflation.

The U.S. economy’s reliance on overseas oil is very much less a factor today than 10 or 15 years ago, says Nomura economist David Seif.

To date, Israel has avoided targeting Iran’s high-value energy export infrastructure, opting instead for limited strikes on domestic refineries and storage facilities, mainly around Tehran

Despite not relying on Iran for its oil supplies, petrol and other prices in Australia will rise due to the global impact of the Israel–Iranian war.

The Israel-Iran conflict could cause world-wide economic turmoil. What this could mean for Long Islanders? Newsday reporter Brianne Ledda reports.

The recent airstrikes by Israel in Iran are not expected to have a significant impact on the U.S. economy, according to leading economists. What Happened: Although potential risks remain, the U.S. economy’s current outlook appears relatively stable,

Summer typically comes with rising gas prices across the country, and this year drivers may be wondering about the potential for conflict in the Middle East to impact prices at the pump. Today’s average prices for a gallon of gas in Colorado,