Economy1:03The nonpartisan Congressional Budget Office says the Iran war has so far cost the United States more than $38 billion. Depending on how intense the fighting is, US spending on the war is increasing by up to $3 billion each month.
Economy1:03The nonpartisan Congressional Budget Office says the Iran war has so far cost the United States more than $38 billion. Depending on how intense the fighting is, US spending on the war is increasing by up to $3 billion each month.
Economy45:01Saudi Arabia faces mounting economic pressure as Houthi threats target the kingdom and its East-West oil pipeline may remain largely shut for six weeks, tightening routes around the Red Sea. European oil prices surge after Aramco delays some deliveries, while Russia extends its diesel export ban and tighter Chinese fuel stockpiles raise the prospect of export curbs. The supply-driven oil rally is starting to look overdone.
Economy1:56US diesel prices have reached a record high as oil costs rise, leaving businesses and consumers to absorb the financial burden caused by supply-chain problems. President Donald Trump has blamed the war in Ukraine rather than the conflict with Iran.
Economy4:34A budget office says the Iran war has cost the United States more than $38 billion. Republican strategist Jennifer Ewing discusses the war’s cost for the US.
Economy12:54A major Saudi oil pipeline has been shut after an attack blamed on Iran-backed groups. As diplomacy remains stalled and disruption continues in the Strait of Hormuz, fears of a global supply crunch are rising and driving fuel prices higher worldwide.
EconomyThe Congressional Budget Office says US spending on the war involving Iran has exceeded $38bn in six months. If the conflict continues at “low intensity”, the nonpartisan congressional office estimates it could cost another $2bn a month and lift inflation by 0.5 percent in next year’s first quarter.
World4:14Six months into the war with Iran, the US military says it is facing an ammunition shortage, despite President Donald Trump’s claim that American stocks are “virtually unlimited”. The Pentagon watchdog says more than US$22 billion worth of munitions were used in the conflict’s first four months. Iran’s new security chief has ruled out negotiations with Washington to ease tensions.
World1:41Qatar warns that closing the Red Sea gateway at Bab el-Mandeb would deepen the crisis and calls for a diplomatic solution. The Houthi offensive along the Red Sea coast has put another vital shipping route at risk, while the Hormuz blockade disrupts trade and energy supplies.
Economy1:18Average US diesel prices climbed to just under $6.27 a gallon on Tuesday, a record high that puts pressure on Donald Trump ahead of the congressional midterms. Prices have surged as Washington’s war with Iran disrupts global fuel flows, while Trump has downplayed the impact and blamed Kyiv for attacks on Russian refineries.
World5:06An attack on a Saudi Arabia pipeline threatens global oil supplies, according to a discussion with FOX Business correspondent Phil Flynn on ‘Fox & Friends.’
World10:54At its weekly briefing in Doha, Qatar’s Foreign Ministry said the emir discussed bilateral ties and investment with Guyana’s president. The foreign minister also spoke with counterparts from several countries, reaffirming support for diplomatic efforts toward a comprehensive agreement and regional peace, while warning that closing the Hormuz and Bab al-Mandab straits could be catastrophic.
World1:49Another vessel in the Strait of Hormuz was hit by a projectile as Iran-backed Houthi rebels rapidly advance and keep attacking. Saudi Arabia has pledged a tough response, stoking concern that a second front may emerge and that a vital global oil corridor could be put at risk.
World1:08The US military says the war with Iran has left it facing an ammunition shortfall. President Donald Trump has continued to dismiss the concerns, having insisted only weeks ago that the US had a “virtually unlimited” stockpile.
PoliticsWill Thibeau, director of the American Military Project, discussed on 'Fox & Friends First' Secretary Scott Bessent’s action against a Russian bank allegedly linked to Iran, along with President Donald Trump’s comments on the war in Ukraine. Thibeau said both sides have agreed not to strike energy targets.
Economy46:04Oil prices rise as Saudi Arabia seeks to increase exports through the Strait of Hormuz while its key East-West pipeline remains shut for several days, keeping supply concerns in focus. Etihad Airways says its cargo operations and fuel hedging have softened the effect of higher prices as it aims for breakeven. The US 10-year Treasury yield tops 5% for the first time since 2023.
World2:28Attacks by Iranian allies are cutting off more of the world’s oil supply, pushing up gas prices for Americans. Costco is also rationing some motor oil.
World11:35:11Scheduled talks between Iran and other Gulf countries on a shipping deal for the Strait of Hormuz have been postponed. Houthi attacks on Saudi oil transit routes have meanwhile heightened concerns about global energy supplies.
World2:32Fox News chief national security correspondent Jennifer Griffin reports on the latest developments in the U.S.-Iran conflict and its widening impact across the region on “Special Report.”
Economy1:57The temporary shutdown of a Saudi oil pipeline could push oil prices higher, NBC News’ Monica Alba reports.
World55:18Scheduled talks between Iran and other Gulf powers on a shipping deal for the Strait of Hormuz were postponed. Houthi attacks on Saudi oil transit routes have meanwhile heightened concerns about global energy supplies.
World5:14US Navy commander Kirk Lippold discusses a new report linking Chinese satellite images to an Iranian strike in July that killed three US service members.
Economy5:45Oil prices surged after Saudi Arabia shut a major crude pipeline following attacks. The disruption affected a key route used to bypass the Strait of Hormuz during the U.S.-Iran war, adding a fresh supply risk to the market.
WorldAn expert warns that China is seeking to bog down the United States in the Middle East. The Yemen segment, presented by Steve Harrigan, concerns Houthi attacks; Fox News contributor Dan Hoffman examines China’s sharing of satellite intelligence with Iran.
World9:21Gulf diplomats and Iranian officials were due to meet Monday over an Omani plan to restore regular tanker traffic through the Strait of Hormuz, without the United States taking part. Oman’s foreign minister said the meeting was indefinitely postponed after news of it spread Sunday. The sides had spent months privately discussing a complicated legal framework that could let Iran and Oman collect fees.