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.

Leaders of some of the world’s biggest economic powers arrive in the Canadian Rockies for a Group of Seven summit that's been shadowed by an escalating conflict between Israel and Iran and U.S. President Donald Trump’s unresolved trade war.

The recent airstrikes by Israel in Iran are not expected to have a significant impact on the U.S. economy, according to leading economists. What Happened: Although potential risks remain, the U.S. economy’s current outlook appears relatively stable,

Israel and Iran continue to launch attacks on each other. President Trump said the U.S. is not involved in the military strikes against Iran, but indicated it's possible the U.S. could get involved.

As tensions rise between Israel and Iran, some Iranians see potential for change. Ahmad Rivazfar, an Iranian American who has lived in the U.S. for nearly 50 years, shared his perspective.Rivazfar originally came to the U.

Despite not relying on Iran for its oil supplies, petrol and other prices in Australia will rise due to the global impact of the Israel–Iranian war.

The U.S. economy’s reliance on overseas oil is very much less a factor today than 10 or 15 years ago, says Nomura economist David Seif.

The Israel-Iran conflict could cause world-wide economic turmoil. What this could mean for Long Islanders? Newsday reporter Brianne Ledda reports.