The UN Food and Agriculture Organization warns that global fertilizer markets face severe strain following disruptions in the Strait of Hormuz. The agency highlights potential supply chain impacts resulting from the maritime instability.

Acting comptroller Jules Hurst estimates the cost of the conflict in Iran has reached $25 billion, according to testimony provided to the House Armed Services Committee on Wednesday.

Acting comptroller Jules Hurst testified before the House Armed Services Committee that the ongoing conflict in Iran has cost approximately $25 billion.

The Pentagon comptroller reports that the United States has spent an estimated $25 billion on the war in Iran to date, marking the most comprehensive public estimate of the conflict's financial cost.

The Pentagon comptroller stated that the United States has spent approximately $25 billion on the war in Iran to date.

TotalEnergies raises dividend by 5.9% and doubles share buybacks after reporting $5.4 billion in adjusted net income. The move has prompted calls from French politicians for a new supertax on the company's windfall profits.

TotalEnergies reported $5.4 billion in adjusted net income, leading the company to increase its dividend by 5.9% and double share buybacks, which has triggered calls from French politicians for a windfall profit tax.

Iran's currency hits a fresh record low as the US naval blockade continues to exert pressure on the Islamic Republic's economy.

The Iranian rial has dropped to a new record low against the US dollar, a decline attributed by observers to the ongoing US naval blockade impacting the nation's economy.