US-Iran Escalation Lifts Oil Nearly 3%

2026-07-14 01:35    Shafaq News  Oil prices rose nearly 3% on Tuesday to their highest in four weeks, as ‌the U.S. reimposed its naval blockade of Iran while the two countries stepped up attacks in the Strait of Hormuz, heightening uncertainty about energy flows.

Brent crude futures were last up $1.50, or 1.8%, to $84.80 per barrel at 0330 GMT, while U.S. West Texas Intermediate crude rose $1.70, ​or 2.2%, to $79.84 a barrel.

Good Morning Dinar Recaps,

Oil Surges as U.S.-Iran Conflict Escalates: Strait of Hormuz Fears Shake Global Markets

Renewed military tensions in the Persian Gulf are driving oil prices sharply higher, increasing inflation risks and renewing concerns about global energy security and financial stability.

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U.S. Expands Military Pressure on Iran: Trump Reinstates Hormuz Blockade as Peace Talks Face Their Toughest Test Yet 

The United States intensified military and maritime pressure on Iran while leaving diplomatic channels technically open, raising new questions about whether the ceasefire framework can still survive.

The US Economy and How It Works

By Kimberly Amadeo   Updated on September 17, 2020

Have you ever said to yourself, "How exactly does the U.S. economy work?" During a recession, you might think, "Not too well!"

Learn the causes of recession by understanding gross domestic product and the laws of supply and demand. Know how the federal government uses fiscal and trade policy. Realize how the Federal Reserve fights inflation while spurring growth with monetary policy. See how financial markets on Wall Street influence Main Street and your neighborhood.

Iraq Is At The Top Of Jordanian Export Importers With 323 Million Dinars

Money and business Economy News – Baghdad   Iraq topped the list of countries importing from Jordan, in terms of the value of exports issued through the certificates of origin issued by the Amman Chamber of Commerce during the first half of this year, recording imports amounting to about 323 million Jordanian dinars.

According to statistical data of the Amman Chamber of Commerce, the value of certificates of origin issued by the Chamber for the export of goods and goods to Arab and foreign countries during the first six months of 2026 amounted to about 768 million Jordanian dinars, an increase of 25.2 percent compared to the same period in 2025, which recorded 613 million Jordanian dinars.

Good Afternoon Dinar Recaps,

BRICS Pushes Ahead With Alternative Trade Systems as Global Financial Competition Intensifies

BRICS nations are accelerating efforts to expand trade using local currencies and alternative payment systems while the United States signals additional trade measures, highlighting the growing competition over the future structure of the global financial system.