
”If the (Iran) conflict is contained soon, the hit to confidence may be temporary, but a prolonged crisis could prompt more precautionary saving and further discretionary spending cuts,” warned Moody’s in a report on the current war in the Middle East, and the impact for US households.

President Donald Trump said Tuesday from the Oval Office that U.S. forces will withdraw from Iran in two or three weeks, asserting that the military campaign has achieved its core objectives.

Brent crude, the European benchmark, closed Monday at $112.78 per barrel and continued climbing in the futures market past $114, its highest level since July 2022. Oil has surged roughly 55% in March, the largest monthly gain since the contract's inception in 1988.

U.S. President Donald Trump said on Friday that the military operation against Iran is “two weeks ahead” of schedule, demanded the reopening of the Strait of Hormuz, and sharply criticized European NATO allies for refusing to join the campaign. “When these times come, you learn who your real friends are,” he told an audience of a thousand investors at the FII Priority forum in Miami.

Iran rejected on Wednesday the 15-point proposal put forward by the Trump administration to end the war, calling its terms excessive and detached from reality, while international mediators scramble to arrange a direct meeting between representatives of both countries that could be, they warn, the last chance to prevent a broader escalation.

The Pentagon is preparing to deploy soldiers from the 82nd Airborne Division to the Middle East, even as President Donald Trump insists negotiations with Iran are advancing and that Tehran has offered a gift related to gas, oil and the Strait of Hormuz.

Oil prices could surpass $150 per barrel and approach $200 if the Strait of Hormuz blockade persists, according to energy industry analysts — a level that would make a global recession virtually inevitable.

Brazilian financial markets posted one of their best sessions of the year on Monday after President Donald Trump announced a five-day postponement of strikes against Iran's energy infrastructure, citing “productive conversations” with Tehran.

Argentine President Javier Milei's willingness to send troops to the Middle East if requested by the United States has fuelled growing concern in Argentina, a country that has historically maintained an equidistant stance on international conflicts and where fears of possible reprisals are emerging.

US President Donald Trump announced on Monday a five-day moratorium on the threatened attacks against Iran's energy infrastructure, hours before the 48-hour ultimatum he issued on Saturday demanding Tehran reopen the Strait of Hormuz was set to expire.