Vance: Gas Price Surge Temporary Amid Iran Conflict
JD Vance claims rising U.S. gas prices from the Iran war are a temporary blip but warns consumers face a rough road ahead, with diesel hitting $5 a gallon.
Category : Economy
Fed Holds Rates Steady, Powell Vows to Stay Through DOJ Probe
The Federal Reserve left interest rates unchanged, forecasting one rate cut in 2026 despite inflation concerns from the Iran war. Chair Jerome Powell pledged to remain through a DOJ investigation.
Trump Waives Jones Act to Ease Oil Crisis Amid Iran War
The Trump administration has suspended the Jones Act for 60 days to allow foreign ships to transport oil between US ports, aiming to curb soaring gas prices linked to Iran conflict disruptions.
Five Tax Changes from April 6 Affecting Millions in the UK
From Making Tax Digital to Inheritance Tax adjustments, discover the five major tax reforms starting April 6, 2026, that will affect millions of individuals and businesses across the UK.
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Bank of England Urged to Reject Rate Hikes in Inflation Crisis
Economists argue that interest rate hikes are ineffective against supply-side inflation from the US-Israel war on Iran, advocating for price controls and public ownership instead.
US Spends $11.3bn in First Week of Iran War
The US spent $11.3bn on the first week of its military assault on Iran, a sum that exceeds the annual budgets of key public health and science agencies like the EPA and National Cancer Institute.
HMRC: 'Don't Wait' to Get Your National Insurance Number
HM Revenue and Customs issues an urgent alert, advising workers to download its app to retrieve and safeguard their National Insurance number for tax and benefit purposes.
Egypt's Economic Crisis Deepens as Iran War Sends Prices Soaring
Egyptian families face severe hardship as rising energy costs from the Iran conflict force fuel price hikes, triggering inflation and threatening economic stability during Ramadan.
Uniform Tax Rebate: Claim Hundreds Before April Deadline
MoneySavingExpert reveals workers can reclaim hundreds in tax for uniform maintenance costs. Deadline for backdated claims is April 5, 2026.
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Australia's Economy Faces Years-Long Hit from Middle East War
Government modelling predicts Australia's GDP could be 0.6% lower by 2027 due to the Middle East conflict, with inflation risks and potential recession warnings from the Reserve Bank.
Trumpflation Crisis: Iran War Costs UK Households £1,600
Experts warn Donald Trump's Iran conflict could add at least £1,600 to annual UK household bills through energy, fuel, and mortgage price surges, with millions facing renewed financial strain.
Fed May Signal No Rate Cuts This Year Amid Iran War
Federal Reserve Chair Jerome Powell is expected to hold interest rates steady, with projections potentially showing no cuts in 2026 due to rising inflation from the Iran conflict.
Trump Tariffs Hurt US Manufacturers Instead of Helping
New evidence reveals President Trump's tariffs are crushing American manufacturers, leading to job losses and higher costs, contrary to their intended purpose of boosting domestic industry.
Charity Donations Fall as Trust Wanes and Costs Rise
BBC Radio 1's Greg James hits halfway in 1,000km Comic Relief ride, but charities face a £1.4bn drop in donations, driven by rising living costs and eroding public trust.
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Democrats Push Windfall Tax on Fossil Fuel Firms in Iran War
US Democrats propose a windfall tax on fossil fuel companies to fund domestic energy initiatives, citing high profits during the Iran conflict. The plan aims to reduce reliance on foreign oil and boost renewable energy investments.
RBA's Split Decision on Rate Hike Amid Inflation Concerns
The Reserve Bank of Australia's interest rate hike was a split decision, with Governor Michele Bullock clarifying petrol prices were not the reason, as economists debate the impact on households and businesses.
Rachel Reeves Proposes Regional Tax Revenue Plans
Shadow Chancellor Rachel Reeves outlines plans for regional and national tax revenue reforms in her Mais Lecture, aiming to boost local economies and address fiscal imbalances.
New Zealand Economy Faces Global Oil Price Shock Impact
New Zealand's economy is preparing for significant challenges as global oil price shocks threaten to disrupt trade, inflation, and energy sectors, with experts warning of potential market volatility.
Albanese Calls for Fuel Shortage Resilience Amid Iran War Risks
Prime Minister Anthony Albanese convenes National Cabinet to address potential fuel shortages from Iran conflict, focusing on economic resilience and self-reliance strategies.
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US Diesel Prices Surge Past $5 Per Gallon, Threatening Economy
US diesel prices have soared above $5 per gallon, the highest since 2022, as the Iran war disrupts oil production. Experts warn this will drive up costs for groceries, shipping, construction and air travel nationwide.
Albanese Announces Emergency Economic Shield Measures
Prime Minister Anthony Albanese unveils emergency measures to protect Australia's economy from global instability, focusing on domestic manufacturing and fuel security.
UK Food Insecurity Rises Amid Middle East Price Concerns
The Food Foundation reports 12% of UK households faced food insecurity in January, with 6.3 million adults affected. Concerns mount over Middle East conflict's impact on prices.
Morning Poll: Best Ways to Make Money in the UK
A new poll highlights the most effective methods for earning money in the UK, with side hustles and investments leading the way. Insights reveal shifting attitudes toward traditional employment.
White House Advisor Dismisses Iran War Economic Impact
Kevin Hassett, Trump's top economic advisor, downplayed fears that the Iran conflict could harm US consumers, calling it 'the last of our concerns' amid rising gas prices.
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Sunrise Host Confronts Treasurer Over Inflation and Rate Hikes
Natalie Barr challenges Jim Chalmers on government spending's role in inflation as RBA raises rates to 4.1%, sparking debate over economic responsibility.
US Gas Prices Hit Highest Since 2023 Amid Iran War
US drivers face the highest gas prices since 2023 as the Iran war disrupts global oil flow, with national averages soaring to $3.79 per gallon, straining household budgets and fueling inflation concerns.
RBA Raises Interest Rates as Middle East Conflict Fuels Inflation
The Reserve Bank of Australia has increased interest rates for the second consecutive month, warning that prolonged conflict in the Middle East could drive inflation higher. The 4.1% cash rate hike adds financial pressure on mortgage holders.
Tax Law Changes to Increase Donors but Reduce Charity Funds
Research reveals new charitable deductions will bring millions more donors but likely reduce total giving by billions annually due to caps on wealthy and corporate donors.
Capital Gains Tax Reforms: Economic Impact and Analysis
The Albanese Labor government is considering changes to the 50% capital gains tax discount, sparking debates on housing affordability and economic effects. Analysis shows it benefits wealthy investors disproportionately.
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RBA Hikes Rate to 4.1%, Pressuring Mortgages and Petrol Costs
The Reserve Bank of Australia increased the cash rate to 4.1% in a split vote, escalating mortgage costs. Soaring petrol prices due to Middle East conflicts add to financial strain on families.
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