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Trump heads to China for state visit. And, how the war in Iran has affected inflation

Iran is affecting consumer prices.** Higher gasoline prices are the most noticeable fallout from the conflict in the U.S. As the war enters its 11th week, the president has said he wants to temporarily suspend

Prices are up, but Mother's Day still means brunch

increase or remain steady this year — with the rest less optimistic. Many florists reported "leaning into value-focused offerings," including cheaper grab-and-go bouquets and smaller arrangements. [![Against a blue-orange sunset, a tall

With oil markets nearing the danger zone, a US-Iran deal can’t come soon enough | Heather Stewart

since the war began. And the Washington-based Institute for International Finance (IIF) fretted last week, in an edition of its regular capital flows report, called The Long Tail of the Shock, that disruption

UK steps up plans for potential shortages caused by Iran war

since the conflict began. Earlier this month, government officials drew up [a worst case scenario](https://www.bbc.co.uk/news/articles/cpvxp4xnrwdo) of food shortages, including chicken and pork, by the summer if the war continues. The government

Trump’s disapproval rating hits record high, new poll shows

since launching his deeply unpopular war against Iran in February, which has plunged the global economy into an oil crisis and sent gas prices rocketing to a four-year high. Trump achieved majority disapproval

Australia scrambles to secure energy as war on Iran fuels uncertainty

Iran](/tag/israel-iran-conflict/). Since early March, the Strait of Hormuz, through which 20 percent of the world’s oil and liquefied natural gas (LNG) supplies are shipped during peacetime, has been effectively closed and shipping traffic

Gasoline could drop below $4 in coming days

since the start of the Iran War, but is expected to drop if a decrease in crude oil prices is sustained. **Patrick T. Fallon/AFP via Getty Images** Patrick T. Fallon/AFP via Getty Images Oil prices

The Iran war now has a price tag ($25 billion), but still no end date

increase from this year's allocation of a little under $1 trillion. ### A diplomatic stalemate While the ceasefire with Iran has been in place for three weeks, there's been little progress on a diplomatic

Walmart plans price cuts using tariff refunds as shoppers get skittish

increasingly anxious about the rising cost of fuel. In recent weeks, visitors to Walmart's gas stations have begun to fill up with fewer than ten gallons for the first time since 2022, Chief Financial

‘Turbulent and dangerous’: How shipping is the new global battleground

Since then, the US has captured Iranian ships near the strait, and its troops have boarded other ships hundreds of miles away in the Asia Pacific, which it alleges were carrying sanctioned Iranian oil. Iranian

Growing bread queues in Gaza as Israel restricts fuel, flour imports

Iran. The crossings partially reopened after a few days, but traffic through them has been limited. Israel ultimately decides how much will be let through, despite last year’s “ceasefire” with Hamas stipulating that Israel

‘A bridge, not an obstacle’: is Armenia a new crossroads between east and west?

price is Armenia’s sovereignty.” The final hurdle to the ratification of [the peace agreement initialled in the White House last August](https://www.theguardian.com/world/2025/aug/09/azerbaijan-and-armenia-sign-peace-deal-at-white-house-that-creates-a-trump-route-in-region) is Azerbaijan’s demand that Armenia remove a reference

CEOs of US’s top energy firms received average pay raise of $12.3m, review finds

Iran war and datacenter growth, a [new review](https://energyandpolicy.org/utility-ceo-pay-2025/) of industry financial documents shows. Utility bills are up as much as 40% in some regions since 2021, and, nationwide, utilities shut off power

First Thing: Vance to lead US delegation in Pakistan if Iran agrees to talks

since been [fighting for his life in hospital](https://www.theguardian.co.uk/us-news/2026/apr/21/minnesota-child-hospitalized-rescues-brother-in-creek). - **Big tech platforms are aggressively lobbying to expand gig work in the healthcare sector,** according to a new report that warns the growing

Have US-Iran talks failed? Why no deal yet doesn’t mean diplomacy is dead

Since early March, Iran essentially has shut down the Strait of Hormuz, through which a fifth of the world’s oil and natural gas supplies had passed before the war. Meanwhile, Washington imposed a naval

Calls for humanitarian corridor through strait of Hormuz as Iran war hits vital aid

Iran took turns at closing and blockading the strait of Hormuz shipping channel. Limiting the number of cargo ships passing through the 5km-wide passage has had an extraordinary global impact, reducing the global supply

From oil giants to banks - these companies are making billions from Iran war

gas companies benefiting. The main beneficiaries have been European oil giants, who have trading arms so have been able to gain from sharp price movements boosting profits. [BP's profits more than doubled

UK refineries asked to maximise jet fuel production amid growing supply fears

Iran war will force planes to be grounded. Energy minister Michael Shanks said the government is closely monitoring UK jet fuel stocks and working with airlines, airports, fuel suppliers and other governments, as carriers face

Could this conference be a 'turning point' for the world's use of fossil fuels?

Iran. High oil and gas prices and energy shortages triggered by the recent war have created what the Executive Director of the International Energy Agency, Fatih Birol, has called "[the mother of all energy crises

Iran war day 75: Trump-Xi talks loom in Beijing as tensions rise in Gulf

since early in the war, as a means of “blackmail” against Gulf states. Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani also said a recent visit to Washington was aimed at supporting Pakistan’s mediation