World and business leaders this week will grapple with the urgent costs of climate change.

Here’s a look at the latest news in the Middle East: Saudi Arabia says debris from an intercepted Houthi drone killed one person.

The Bank of England is keeping the U.K.’s main interest rate unchanged at 3.75% even though inflation in the United Kingdom has risen to a five-month high as the fallout from the Iran war continues to ratchet up fuel prices.

Two Republicans in closely contested congressional districts in Iowa switched their votes on an Iran war powers resolution to halt President Donald Trump’s ability to continue military action without lawmakers' approval.

Inflation in the United Kingdom has risen to a five-month high, an increase that will pressure the Bank of England to hike interest rates again over coming months.

A building housing displaced Palestinian families has collapsed in Gaza City and killed at least 21 people including 11 children.

For a third time, the U.S. House has voted to end the war in Iran.

The war against Iran has cost the U.S. more than $38 billion through Aug. 1 and will continue to cost up to $3 billion a month or more.

The head of Iran’s Atomic Energy Organization is not expected to attend the annual gathering of the U.N. nuclear watchdog’s member nations in Vienna for the first time in many years.

Somali businesses are seeking alternative shipping routes due to disruptions and security concerns around the Bab al-Mandab Strait and the Strait of Hormuz after Iran-backed Houthis captured a key port city and an island, sending thousands of Yemenis fleeing to neighboring Djibouti.

The Iran war has dramatically slowed oil moving through the Strait of Hormuz — a critical shipping lane that previously carried about 20% of the world’s petroleum. The disruption has sent prices surging across the country, and President Trump says oil prices likely won’t come down until November.

The Iran-backed Houthi rebel group has taken control of Yemen's strategic Red Sea port city of Mokha.

Wholesale inflation picked up last month after cooling earlier this summer as higher oil and gas prices stemming from the Iran war are keeping costs elevated.

President Donald Trump has pledged $5,000 to every American if Republicans hold onto Congress in the midterms while slamming Democrats as extremists during night one of the Republican midterm convention.

Israel's military says it has taken control of the Ali Taher ridge in Lebanon, despite ongoing clashes with Hezbollah.

President Donald Trump describes the conflict in Iran as "small potatoes" and says he agrees with Vice President JD Vance's assertion that months of on-and-off attacks in the Middle East are no longer a “war.”.

Diesel has hit a record price in the U.S., soaring to an average of $5.85 a gallon for the first time.

President Donald Trump says he’s nominating acting Navy Secretary Hung Cao for the permanent job.

Iran’s supreme leader has called for Muslim countries to stand together against Israel and the United States.

Israel’s prime minister has spoken out after weeks of settler violence in the occupied West Bank and condemned the criminal actions of a “handful of rioters.”.

The Iran war has reshaped the rapidly approaching midterm elections.

Dubai International Airport reports a sharp drop in passengers during the second quarter.

Americans’ confidence in the economy declined this month as the ongoing Iran conflict has kept gas prices elevated at more than $4 a gallon.

President Harry Truman famously kept a “The Buck Stops Here” sign on his White House desk.

The United Arab Emirates has blamed Iran for firing drones at two tankers operated by a state-owned oil company in the Strait of Hormuz.

Wholesale inflation dropped last month as gas prices reversed some of their Iran war spike and other costs also cooled, a sign that consumer inflation could grind lower in the months ahead.

U.S. inflation slowed last month and a measure of underlying price pressures also cooled, suggesting higher oil and gas prices from the Iran war are only having a limited impact on broader costs in the economy.

Turkey’s Foreign Minister Hakan Fidan says a new defense agreement between Saudi Arabia, Pakistan and Turkey is not aimed at Iran or any other country.

The average 30-year fixed mortgage rate climbed to 6.66% this week, the highest since July of last year, according to Freddie Mac. That’s up from 6.58% last week, marking the biggest one-week jump in mortgage rates in 10 weeks.

Iran says it is in the final stage of drafting an agreement on the Strait of Hormuz waterway with Oman.

Israel's military for the first time in weeks has told residents in southern Lebanon to evacuate, citing a “blatant violation of the ceasefire” by the Iranian-backed Hezbollah.

Iran and Oman have moved closer to an agreement on the Strait of Hormuz.

Big oil companies continue to book massive profits as fighting in Iran disrupts energy markets and sends oil and gasoline prices sharply higher.

U.S. stocks rallied to the edge of their all-time high after easing oil prices helped calm Wall Street’s worries that inflation could get even worse.

A new AP-NORC poll finds that immigration remains a relative strength for President Donald Trump, even after three people were killed in encounters with Immigration and Customs Enforcement in the span of under a week in July.

President Donald Trump says a deal has been reached for Hamas to disarm and Israel to withdraw its forces from Gaza.

The Bank of England kept its key interest rate on hold for the fifth time this year after a bigger-than-expected drop in the inflation rate last month gave policymakers breathing space to assess the fallout from renewed fighting in Iran.

Americans’ confidence in the economy fell this month as gas prices resumed their climb after the U.S. and Iran stepped up their fighting.

FIFA President Gianni Infantino has attacked perceived critics one week after the World Cup final for “spreading hate and false rumors” about the tournament.

Stocks drifted to a mixed close on Wall Street and oil prices fell after the U.S. and Iran paused their attacks while work resumed on restarting negotiations to end their war.

Oil prices have fallen further in early trading after setting a two-month high set last week.

Consumers already feeling pinched since the Iran war started may feel more pain after oil prices pushed past $100 a barrel.

Republicans on Capitol Hill are walking a cautious election-year line on the Iran war as the future of the conflict seems increasingly uncertain and as polls show that most Americans oppose it.

The House adopted a Republican-only $95 billion budget proposal, a long-shot effort to fund the Iran war and other White House priorities.

President Donald Trump has approved an agreement with Saudi Arabia that could potentially provide the kingdom with uranium enrichment capability for its civilian nuclear program.

U.S. gas prices have jumped to an average of $4 a gallon again as the U.S. and Iran launch more attacks.

Health workers in northern Nigeria say more children are relapsing into malnutrition and cite knock-on effects from the war in the Middle East.

Former Spain defender Joan Capdevila has asked U.S. President Donald Trump for help getting into the United States to watch Spain face Argentina in Sunday’s World Cup final, after being denied authorization to travel a decade after playing in an exhibition game in Iran.

U.S. wholesale inflation fell from May to June on plunging energy prices but intensifying hostilities with Iran are clouding the outlook.

Senate Democrats have blocked a $1 trillion annual defense bill in protest of President Donald Trump’s war against Iran.

Five of the biggest U.S. banks reported record profits on Tuesday, boosted by their trading desks and a remarkably resilient American consumer amid persistent global economic uncertainty.

Stocks rose after a report showed U.S. inflation was not as bad last month as economists expected.

Tensions between the U.S. and Iran over the weekend pushed oil prices higher in overnight trading, renewing upward pressure on Florida gasoline prices, according to WKMG news partner WJXT.

Global oil demand is set to decline this year for the first time since 2020.

Gas prices are on the rise again after President Trump announced the end of a ceasefire between the U.S. and Iran. According to AAA, the national average for regular unleaded was $3.88 per gallon on Friday.

President Donald Trump has flown partway home from a NATO summit in Turkey on an old baby blue Air Force One plane instead of making the full trip aboard the new Qatari-gifted and retrofitted jet he arrived in.

A Federal Reserve rate-setting committee agreed to keep its key rate unchanged at its meeting last month, though most officials were split over whether inflation is likely to stay elevated or whether it will cool once the Iran war winds down, according to minutes released Wednesday.

The International Monetary Fund on Wednesday modestly downgraded its outlook for the world economy this year, citing the energy shock caused by the Iran war.

A handful of countries in the OPEC+ oil-producing alliance are planning to increase their outputs modestly next month.

Ceasefires in the Middle East are not bringing the peace many people expect.

Shiite Muslims have marked Ashoura, a significant day on their calendar, with large gatherings in Iran, Iraq, Lebanon and other parts of the world.

Most of the U.S. stock market rose after oil prices eased back to where they were before the war with Iran, but drops for AI stocks kept the market in check.

The Senate for the first time has approved a war powers resolution to block U.S. military action against Iran.

The Pentagon has told lawmakers it needs roughly $80 billion, mostly to cover the cost of the war in Iran.

The question hangs in the halls at the Capitol: Was the war with Iran worth it.

French President Emmanuel Macron's effort to court U.S. President Donald Trump culminated in a surprise moment at the Versailles Palace.

Many Lebanese from the country's south hope the U.S.-Iran deal marks the start of better times.

The Bank of England is holding its main interest rate at 3.7% as the inflation pressures on the British economy have become more benign after the U.S. and Iran signed a deal to sign deal to end their war.

Turkish state broadcaster TRT has removed a commentator from its World Cup roster after he mixed up the Iran and New Zealand teams.

The Senate has tried again to advance a war powers resolution that would force an end to the U.S. military action against Iran.

The International Energy Agency says Southeast Asia’s power sector is too open to risks from its dependence on imports of oil and gas from a limited number of suppliers.

Economists and industry analysts say that even after oil starts flowing again from the Middle East, it could take awhile for the Iran war's effects on consumer prices to recede.

An initial agreement between the United States and Iran to extend their shaky ceasefire is inching toward a formal signing.

President Donald Trump has started his visit to the G7 summit by hailing an agreement aimed at ending the U.S. conflict with Iran.

U.S. President Donald Trump is in France this week for a G7 summit.

Stock markets rallied worldwide, and oil prices eased after the United States and Iran reached a tentative deal to get the global flow of crude going again.

Pakistan announced that the U.S. and Iran reached an agreement to end the war and open the Strait of Hormuz.

The war in Iran is driving up jet fuel prices, worsening supply strains for African airlines.

U.S. producer prices climbed last month at the fastest pace since November 2022, fueled by surging energy prices.

U.S. applications for jobless aid rose modestly last week, but remain at a historically low level despite economic headwinds brought on by the war in Iran.

The economic fallout from the Iran war — higher energy prices and increased uncertainty — will drag down global growth this year, the World Bank said Thursday.

Fans who hear the whirring sound of a drone over a stadium might see it as a nuisance but law enforcement has long viewed those aircraft as a potential weapon of mass destruction.

Iran’s World Cup team arrived in Mexico wearing lapel pins highlighting the victims of a deadly missile strike on an elementary school at the start of the war in the Mideast.

Wall Street held steadier and recovered some of its sell-off from last week.

The number of Americans filing for jobless aid hit their highest level in four months last week, but layoffs remain historically low despite ongoing economic uncertainty brought on by the war in Iran.

Wall Street rallied after falling oil prices and yields in the bond market eased the pressure on U.S. stocks.

The House for the first time has approved a war powers resolution that would halt the U.S. military action against Iran.

U.S. job openings jumped in April as the labor market looked resilient despite economic uncertainty caused by the Iran war.

More Americans sought unemployment benefits last week, but layoffs remain low despite economic uncertainty caused by the Iran war.

A key inflation gauge accelerated in April to the highest level in three years, the latest sign that spiking gas prices and higher food costs are squeezing Americans’ finances.

Global shares are mostly higher and oil prices have dropped after U.S. President Donald Trump said talks on ending the war with Iran are progressing.

A four-week conference at the United Nations to review the treaty to prevent the spread of nuclear weapons has ended without an agreement as the United States and Iran spar over Iran's nuclear program.

Republicans are struggling to find the votes to dismiss legislation that would compel President Donald Trump to withdraw from the war with Iran.

Prime Minister Keir Starmer insists that Britain’s support for Ukraine remains strong, despite the U.K. delaying some new sanctions on Russian oil.

The Senate has advanced legislation that seeks to force President Donald Trump to withdraw from the Iran war.

Acting Attorney General Todd Blanche wouldn’t rule out the possibility that violent rioters at the U.S. Capitol on Jan. 6, 2021, will be considered for payouts from a new $1.776 billion fund to compensate individuals who believe they were targeted politically.

Oil prices and stock markets worldwide swung with uncertainty about what will happen with the Iran war.

The number of Americans filing for jobless aid rose last week but remains historically low despite the economic uncertainty caused by the war in Iran.

The packaging on some snacks in Japan is turning a somber black-and-white, as the war in Iran disrupts the supply of an ingredient in colored ink.

U.S. consumer prices climbed a sharply again last month as the 10-week war with Iran pushed energy prices higher.