'Iran is in for the long haul' with oil tanker hijacks, expert says, as U.S. considers more sanctions
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Yellen says Iran’s actions could cause global economic spillovers as White House vows new sanctions
Treasury Secretary Janet Yellen is warning of potential global “economic spillovers” from rising tensions in the Middle East as the White House pledged to exact new sanctions against Iran. She spoke out against Iran's "malign and destabilizing activity” on Tuesday as global finance ministers and central bankers are gathering for meetings in Washington this week. The annual gathering of the International Monetary Fund and World Bank is taking place as other ongoing conflicts, including Russia’s...
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FLASHBACK: Bob Casey Said the Iran Deal Would ‘Enhance’ Israeli Security. Critics Say It Funded Tehran’s Drone Strike.
When Sen. Bob Casey cast a deciding vote for the Iran nuclear deal, the Pennsylvania Democrat insisted it would "enhance" Israeli and American national security. Instead, the Obama-era agreement unlocked billions of dollars that helped Tehran fund its "unprecedented" drone attack against Israel last week.
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Israel-Iran conflict will add to Fed’s caution on rate cuts as oil prices may disrupt inflation fight—but China and OPEC+ could ease pressure, Capital Economics says
"Energy markets remain the key transmission mechanism from regional tension/conflict to the rest of the world economy."