The Financial News

The Financial News

Iran war expands, inflation worsens as Trump asks Republicans to vote


Iran-backed rebels in Yemen captured the strategic Perim Island in the Bab al-Mandeb Strait on Friday, two Yemeni government sources told CNN, potentially expanding Tehran’s influence over another key global shipping route.

Meanwhile, The price of diesel, the workhorse fuel that powers the world economy, topped $6 a gallon on Friday for the first time ever. The price point may be invisible to most American drivers, but will likely lead to higher costs for most things consumers buy.

0:00 Prices continue to rise as inflation worsens
3:26 Panel discusses inflation’s effect on American consumers
6:15 The reality of President Trump’s $5,000 promise
8:49 Trump tells Republicans to “cheat like hell”

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