Shapiro served as Deputy Assistant Secretary of Defense for the Middle East until January—charged with, among other things, considering scenarios in which tensions between Israel and Iran escalated into all-out war and preparing U.

A prolonged Israel-Iran conflict could push oil prices sharply higher, potentially prompting the Federal Reserve to either hasten rate cuts due to an economic slowdown or delay them to combat rising inflation.

The recent Israeli airstrikes in Iran are unlikely to significantly affect the U.S. economy, according to top economists, according to Benzinga. Nomura’s David Seif said recession risks have risen “only by a tiny bit,

As Iran and Israel trade strikes targeting nuclear facilities and energy sites, an oil expert says crude prices could rally by US$5 a barrel and possibly reach $80.

Anger is mixed with worry as Iranians in the capital of Tehran have woken up to images of their country’s retaliatory attacks on Israel

ABC's Marcus Moore in Ramat Gan, Israel, reports Iran calling off scheduled nuclear talks with the U.S. as Israel and Iran launch new waves of attacks.

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The United States is shifting military resources in the Middle East in response to Israel’s strikes on Iran and a possible retaliatory attack by Tehran