The conflict has hit Europe and Asia harder than the United States, with rising shipping costs and energy prices.

Britain’s Treasury chief Rachel Reeves has sought to present a rosy picture of the state of the U.K. economy, even as oil and gas prices soared in the wake of the fast-evolving Iran war that has cast a pall over the global economic outlook.

Here's the latest on the conflict in Iran and its affects on the U.S. Federal Reserve officials say the war in Iran could impact the near-term inflation outlook and add to economic uncertainty, potentially pushing back the timeline for any further interest rate cuts under consideration until later this year.

President Trump is facing an economic squeeze as the Iran war drives up oil prices and the U.S. job market sputters. Friday brought a double dose of bad economic news for Trump: an unexpected loss of jobs in February and another surge in oil prices driven by growing conflict in the Middle East.

Oil prices jumped Tuesday for the second straight day and gas prices moved higher in the United States, underscoring the threat of rising inflation posed by the Iran war.

Two days into the Iran crisis, I assessed 10 key indicators I’d be watching over the coming week. Now entering the second week of the crisis, it’s time to reassess and examine what’s risen or fallen in importance.

Recession odds rose in prediction markets as the Iran conflict added new pressure to the United States economy.

Hostilities with Iran pose a potential risk for higher inflation as Federal Reserve policymakers monitor the energy price impact ahead of their next meeting to discuss rate cuts.