President Trump said the operation was a response to Iran’s attempts to mine the Strait of Hormuz and its targeting of American servicemembers in the Middle East.
The Bank of Canada is widely expected to keep its main interest rate unchanged on Wednesday as policymakers assess the fallout from a stark deterioration in Ottawa-Washington trade ties.
Plus, Army Secretary Dan Driscoll resigns after months of tension with Pete Hegseth, and a look at why Seattle and D.C. are drawing more families with kids.
Eurozone inflation rose for a third straight month in August, reinforcing expectations that the European Central Bank will raise its key interest rate next week.
Renewed fighting revived concerns the conflict could become more prolonged and further disrupt oil flows through the Persian Gulf, just as supply risks are being compounded elsewhere.
Inflation picked up in Germany this month, though less than expected, with few signs of broader price pressures in the economy despite conflict in the Middle East keeping upward pressure on energy costs.
China’s three largest state-owned airlines posted deeper losses, dragged by weak domestic pricing and high fuel costs spurred by the Middle East conflict.