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 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 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,

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

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.

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.

DUBAI—Iran has been urgently signaling that it seeks an end to hostilities and resumption of talks over its nuclear programs, sending messages to Israel and the U.S. via Arab intermediaries, Middle Eastern and European officials said.