If prices go up, Fed officials may be inclined to raise its benchmark rate, raising borrowing costs for businesses and consumers. That could lead to businesses to cut jobs, particularly in the high-growth tech sector, and force Americans to pull back on spending, which drives more than 70% of economic activity in the U.S.

The Federal Reserve will release its June rate decision on Wednesday, with the market expecting the central bank to hold interest rates steady. Bank of America Securities senior US economist Stephen Juneau and Ritholtz Wealth Management chief market strategist Callie Cox join Morning Brief to discuss their expectations for the Fed meeting as geopolitical tensions in the Middle East rise.

Sir Keir Starmer has warned that this week’s explosive developments in the Middle East will deal a blow to the cost of living for ordinary Britons. Speaking ahead of his arrival in Canada for the G7, the Prime Minister voters will be seeing “the impact already on the economy and on oil prices.”

One of the big lessons from Russia’s invasion of Ukraine in 2022 was how a war hundreds of miles away can have an impact on daily life in the UK. As the price of a barrel of oil shot up, so did our energy bills,

A further escalation in Iranian-Israeli tensions could take oil prices above $80 and would mean more upside for the dollar.

Deputy Prime Minister Richard Marles says it is “inevitable” Australians will pay more for fuel as the conflict between nuclear-armed Israel and Iran escalates.

It is arguably the most important choke point in the global energy supply chain and is under threat from the Middle East conflict.

If the middle east conflict remains restricted, or even subside, one could see the market impact wear off, said Chirag Mehta, the CIO at Quantum AMC. However, the markets are at risk of a correction as valuations have been cooled off,

Rising Middle East tensions have driven oil prices higher, potentially boosting Texas Pacific Land's future earnings. Read why TPL stock is a hold for now.

With several big events slated for 2026, including the NFL draft, World Cup and MLB All-Star Game, Gov. Shapiro said it gives visitors a chance to experience Pennsylvania and hopefully want to come back.