Officials signing an agreement at a U.S.-Iraq Business Council event, flanked by the national flags of the United States and Iraq. (Graphic: Kurdistan24)
An AI-generated illustration depicts surging global oil prices as escalating U.S.-Iran tensions and renewed military conflict around the Strait of Hormuz raise fears of supply disruptions.
Specialist Glenn Carell, left, and Dilip Patel, center, work with trader Jeffrey Vazquez on the floor of the New York Stock Exchange, Friday, June 26, 2026. (Photo: AP)