Ukraine
Iran war is a ‘catastrophe,’ G7 ministers warn — but there’s little they can do to stop it
U.S. President Donald Trump arrives at the G7 summit in Kananaskis, Alberta, Canada, June 16, 2025. Kevin Lamarque | Reuters The U.S. and Israeli war on Iran is having a catastrophic impact on the global economy, European members of the G7 have warned ahead of a key summit on Thursday. Foreign ministers from the group […]
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It’s not just oil and gas. The Strait of Hormuz blockage is rattling another vital commodity
Workers unload urea fertilizer from a cargo ship in Yantai Port, Shandong Province, China on March 13, 2026. Cfoto | Future Publishing | Getty Images Farmers in the northern hemisphere are heading into the crucial spring months, during which major fieldwork must begin. Their peers in the south, meanwhile, are busy harvesting crops before the […]
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Op-ed: Why my interview with Russia’s ambassador to the U.K. reflected a stark global picture
“A riddle, wrapped in a mystery, inside an enigma.” That was how Winston Churchill famously described Russia (the Soviet Union as it then was), back in 1939. To this day, I can’t think of a better way to describe the complications when trying to decipher Russia, its leadership and its motives. A conundrum reinforced to […]
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U.S. ‘misadventure’ in Iran has no clear exit strategy, Russia’s UK ambassador says
Ambassador of the Russian Federation to the UK Andrei Kelin during an interview with PA at the official residence of the Russian Ambassador in London. Picture date: Monday February 21, 2022. Aaron Chown – Pa Images | Pa Images | Getty Images The U.S.-Israeli war on Iran is a “misadventure” whose goals and exit strategy […]
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These charts show the size of Europe’s defense boom, as companies take stock of the Iran war
Workers assemble a Leonardo AW139 helicopter on the production floor at the Leonardo plant in Varese, Italy, on Thursday, March 20, 2025. Bloomberg | Bloomberg | Getty Images Italian defense firm Leonardo said it is “positioned on a path of strong growth” on Thursday, as European defense companies stand to gain business from the war […]
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The Iran war is pushing up European energy prices. Here’s why a Ukraine-style inflation shock could still be avoided
The energy price shock that followed Russia’s invasion of Ukraine four years ago is fresh in the minds of European policymakers as the conflict in Iran once again drives oil and gas prices higher. Experts, however, think this time could be different. Fears of a full-blown energy crisis on that scale — which saw oil […]
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Rheinmetall sees sales growth of up to 45% in 2026, says it’s in ‘prime position’ to arm the U.S. amid war in Iran
German Rheinmetall MAN tactical military transport vehicles parked in the Edvard Peperko military barracks. Luka Dakskobler | Lightrocket | Getty Images German arms maker Rheinmetall said it sees this year’s sales growing by as much as 45% as it reported 2025 revenue growing 29% year-over-year, missing expectations. It also said it was in a “prime […]
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Return to Russian energy would be ‘strategic blunder,’ EU says — but Moscow smells blood
In this pool photograph distributed by the Russian state agency Sputnik, Russia’s President Vladimir Putin attends a meeting of the Collective Security Treaty Organisation (CSTO) Heads of State Council at the Yntymak Ordo (Palace of Unity) presidential residence in Bishkek on November 27, 2025. Alexander Kazakov | Afp | Getty Images The EU must not […]
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Traders fear missing out on latest ‘Trump TACO rally’
One thing became clear in Monday’s big market comeback: Traders don’t think this volatility will persist. The Dow Jones Industrial Average closed more than 200 points higher Monday, erasing an 886-point decline seen earlier in the day. The turnaround came after President Donald Trump signaled that the Iran war was nearing an end. The moves […]
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Surging oil prices could wipe out benefits from Trump’s ‘big beautiful bill’
Key Points Raymond James estimates that what consumers pay in higher gas prices could total exactly what they’re set to gain with the tax changes under President Donald Trump’s “big beautiful bill.” The stimulus was expected to boost both the U.S. economy and markets in 2026. While consumers may not get as much of a […]
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