Republican lawmakers are sounding the alarm over how voters view President Trump’s handling of the economy after Iran announced over the weekend it would keep the Strait of Hormuz closed, raising

The outbreak of war in the Middle East has added a new source of fiscal pressure to an already strained global landscape,’ per an IMF report.

The U.S. is expected to keep up the economic pressure on Iran, even as President Trump says he will hold off on resuming military strikes for now, according to U.S. officials. The pressure campaign, dubbed “Operation Economic Fury” by administration officials,

The Iran war dominated discussions at the International Monetary Fund and the World Bank Spring Meetings this week in Washington, DC. CFR President Mike Froman analyzes the conversations.

Iran has been winning its economic game of chicken with President Donald Trump. Trump’s extraordinary blockade of the Strait of Hormuz this week shows the United States isn’t backing down just yet. But America’s significant new step adds substantial risk – to more than just the economy.

Putting a stop to Iranian shipping will further add to Iran’s economic pain, analysts said, but it might not be enough to force concessions or lessen the global energy crunch.

Sheikh Nadeem sat on a plastic chair outside his bedding store in the Pakistani capital Islamabad, scrolling through his phone as he waited for customers he knew were not coming.

If the ceasefire lapses on April 22, Washington's response will be swift. Our assessment: the most likely military response scenario does not deepen the conflict into full-scal