Mortgage rates climb to 6.11% as Iran war roils markets | CNN Business
Mortgage rates climbed this week as investors fret the economic impact of President Donald Trump’s war on Iran, undoing some of the welcomed progress in housing affordability.
Mortgage rates climbed this week as investors fret the economic impact of President Donald Trump’s war on Iran, undoing some of the welcomed progress in housing affordability.
Stocks fell and global oil prices settled at $100 per barrel for the first time since 2022 as the effective closure of the Strait of Hormuz continued to roil markets.
Stocks have climbed, bond yields have fallen and the US dollar has weakened across President Donald Trump’s second term so far — market movements the president has welcomed.
The US military accidentally struck an Iranian elementary school, in an attack that state media said killed at least 168 children and 14 teachers, likely due to outdated information about a nearby naval base, according to two sources briefed on the preliminary…
California Gov. Gavin Newsom said Wednesday there is no “imminent threat” to the state following reports that federal authorities had alerted state officials of unverified claims by Iranian-affiliated actors desiring to conduct potential drone attacks.
The loss of a US tanker aircraft over Iraq underscored the costs of mass military mobilizations
CNN’s Tom Foreman reports.
Rep. Debbie Dingell tells CNN’s Audie Cornish she wonders if “we’re in another endless war in the Mideast,” as 4 more U.S. service members die
North Korean leader Kim Jong Un may be asking himself if the time has come to pick up the phone and call US President Donald Trump.
Russia President Vladimir Putin knows how to find opportunity in crisis, and the metastasizing Iran war is the latest case in point.
President Trump says the US “obliterated” Iran’s Kharg Island without targeting its vital oil facilities, as doing so could further escalate already high oil prices. CNN’s Kristen Holmes and Jeremy Diamond report.
Israel said it launched “large-scale” strikes in Lebanon on Wednesday after coming under attack from “dozens of rockets” launched by the Iranian-backed militant group Hezbollah. The attacks follow what Tehran called its “most intense” operation of the war, tar…
The US economy was on shaky footing even before President Donald Trump plunged the United States into a war with Iran, a battery of new data released Friday showed.
After launching US-Israeli strikes on Iran, US President Donald Trump touted regime change as a goal – a pledge that invokes skepticism in the Middle East and beyond. CNN Field Producer Zeena Saifi looks at the unintended consequences of foreign intervention a…
CNN’s Eleni Giokos discusses crude oil surging to $100 a barrel after Iran’s new supreme leader, Mojtaba Khamenei, vowed to keep the Strait of Hormuz closed.
Oil price spikes triggered by the war with Iran could have a catastrophic impact on African nations. These countries should start preparing now, one economist from the Institute of Economic Affairs in Kenya told CNN’s Larry Madowo. Even Africa’s most advanced…
Since the beginning of the war with Iran, Israeli authorities have shut down Al Aqsa mosque in Jerusalem’s Old City and completely banned Palestinians from praying in or around the holy site - as Ramadan approaches its climax. Officials say it is a public safe…
Two weeks in, the Trump administration is no closer to settling on a defined strategy for finishing a conflict that has grown only more complicated and unwieldy by the day, according to interviews with more than a half-dozen people familiar with the internal d…
After launching US-Israeli strikes on Iran, US President Donald Trump touted regime change as a goal – a pledge that invokes skepticism in the Middle East and beyond. CNN Field Producer Zeena Saifi looks at the unintended consequences of foreign intervention a…
CNN’s Eleni Giokos discusses crude oil surging to $100 a barrel after Iran’s new supreme leader, Mojtaba Khamenei, vowed to keep the Strait of Hormuz closed.