Oil prices climb to a four-year high above $120 per barrel amid reports that President Donald Trump is considering further military action in Iran.

The U.S. government has seized $450 million in Iranian cryptocurrency assets as part of a campaign to pressure the Iranian economy.

The United States government announced the seizure of $450 million in Iranian cryptocurrency assets, citing an ongoing effort to pressure the Iranian economy.

Stagflation risks rise as Iran war enters third month, Reuters reports. Economic pressures mount from prolonged conflict.

Stagflation risks are increasing as the Iran war enters its third month, according to Reuters.

Major European banks are setting aside hundreds of millions of euros to hedge against potential financial risks linked to the ongoing conflict involving Iran.

Major European banks are allocating hundreds of millions of euros in reserves to mitigate potential financial impacts stemming from the ongoing conflict involving Iran.

Bank of England holds key rate steady, warns of possible future hikes as Middle East conflict stokes inflation.

The Bank of England left its key interest rate unchanged and signaled it may soon raise borrowing costs to contain an inflation surge triggered by the Middle East conflict.