Topic: Oil Prices and Inflation
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Oil Prices and Inflation

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Hegseth and Trump Claim Around 90% of Iranian Missiles Neutralized in Operation Epic Fury as Trump Vows Further Strikes
U.S. officials, including Defense Secretary Pete Hegseth and President Trump, said Operation Epic Fury has struck thousands of targets across Iran—reportedly damaging or sinking dozens of vessels and neutralizing roughly 90% of Iranian ballistic‑missile launches—after an intense U.S.–Israeli air campaign that has caused heavy regional damage and casualties. Trump vowed further strikes and demanded Iran’s “unconditional surrender” as markets and global logistics reacted—oil prices spiking, OPEC+ agreeing to a modest output boost, widespread flight and shipping disruptions—and regional partners warned the conflict could widen with serious humanitarian and economic consequences.
U.S.–Iran Tensions Middle East Military Operations U.S.–Iran Confrontation