Day 34 of Iran War: US-Israel War on Iran Intensifies; Oil Jumps, Tehran Rejects Ceasefire Claims

The United States and Israel stepped up strikes on Iran, with reported casualties and damage across multiple areas, as Iranian forces launched new missile and drone attacks in response.

In an address on Wednesday, US President Donald Trump said Washington had “destroyed the Iranian military” and was nearing its war objectives. Trump also said Tehran had sought a ceasefire, a claim Iranian officials denied...

Joint Statement by the International Energy Agency, International Monetary Fund, & World Bank Group

The Heads of the International Energy Agency, International Monetary Fund, and World Bank Group have agreed to form a coordination group to maximize their institutions’ response to the energy and economic impacts of the war in the Middle East. They issued the following joint statement:

The Middle East war has caused major disruptions to lives and livelihoods in the region and triggered one of the largest supply shortages in global energy market history. The impact is substantial, global, and highly asymmetric, disproportionately affecting energy importers, in particular...

Day 33 of Iran War: US, Israel Intensify Strikes on Iran Amid Diplomatic Deadlock

US and Israeli airstrikes have continued across Iran, targeting industrial and civilian infrastructure, including steel plants and pharmaceutical factories, according to Iranian state media and officials.

US President Donald Trump, who is scheduled to deliver a White House address this evening, said the war could be wrapped up within two to three weeks even without a formal agreement. He warned he might reconsider America’s commitments to NATO if European allies do not play a larger role in countering Iran’s blockade of the Strait of Hormuz...

Day 32 of Iran War: US–Israel Strikes Continue Across Iran, Trump Issues New Threats

US and Israeli forces carried out fresh air strikes across Iran on Tuesday as the war entered its 32nd day.

US President Donald Trump warned that Washington might strike Iran’s key energy infrastructure, including its main oil export hub at Kharg Island, oil wells, and power plants, if no deal is reached and the Strait of Hormuz remains closed.

Following Trump's comments, Iran set ablaze a Kuwait‑flagged crude oil tanker off Dubai. The fire was extinguished with no reported oil spill or crew injuries...

Day 31 of Iran War: US-Israeli Strikes Hit Tehran, Target Power Infrastructure; Oil Rises

Overnight US-Israeli strikes hit Tehran and other cities, with power infrastructure in the Iranian capital among the targets. The attacks triggered a blackout in Tehran, which Iranian authorities said has since been restored.

Iran’s parliament speaker, Mohammad Bagher Ghalibaf, said the United States was sending mixed signals, raising the prospect of negotiations while preparing for a possible ground invasion.

Meanwhile, Pakistan’s Foreign Minister Ishaq Dar said regional talks on Sunday explored ways to bring a swift end to the war, including the possibility of...

Day 28 of Iran War: Trump Delays Attacks on Iranian Energy Infrastructure

US President Donald Trump has delayed planned strikes on Iran’s energy infrastructure by 10 days until April 6, saying talks with Tehran are “going very well,” despite Iranian officials rejecting the US proposal as unfair.

US and Israeli forces continued strikes on Iranian cities, while Iran fired retaliatory missiles and drones at Israel and Gulf states.

Pakistan said it was relaying messages between Washington and Tehran, with Türkiye and Egypt also supporting mediation efforts as diplomatic activity intensifies to prevent a broader regional conflict.

Officials said mediators were...

Day 26 of Iran War: Oil Eases on Ceasefire Hopes as Diplomatic Signals Remain Mixed

The war involving the United States and Israel against Iran has entered its 26th day, marked by continued military escalation alongside increasingly frequent and conflicting diplomatic signals.

Airstrikes and missile exchanges persist across Iran, Israel, and parts of the Gulf, even as talk of negotiations grows. US officials have signaled readiness to escalate military operations while also leaving the door open to diplomacy. Reports of a potential framework to end the war remain unverified, though multiple outlets indicate that a 15-point proposal has been...

NRF Forecasts 4.4% Annual Retail Sales Growth with New Economic Model

The National Retail Federation today forecast that retail sales in 2026 will grow by 4.4% over 2025 to $5.6 trillion, based on a newly enhanced forecasting approach developed in partnership with Oxford Economics, one of the world’s leading independent economic advisory firms. The announcement was made during NRF’s sixth annual State of Retail & the Consumer virtual event, which examines the health of American consumers and the retail industry.

“Consumer spending was a steady and reliable engine of growth in 2025, even as broader economic conditions fluctuated,” NRF President and CEO Matthew Shay said...

FMI Statement on February CPI Food Price Numbers

Today, FMI – The Food Industry Association commented on the February Consumer Price Index (CPI) numbers from the U.S. Bureau of Labor Statistics (BLS), which shows a 0.4% rise in food-at-home prices for January and a 2.4% increase over the last 12 months. FMI Vice President of Tax, Trade, Sustainability and Policy Development Andy Harig offered the following statement.   

“Today’s CPI numbers reflect an uneven grocery price environment and underscore the challenge in bringing down food inflation across all categories to more historical averages...

The Retail Rundown: Retail Focus Turns to Lent Promotions

This week in retail, attention is focused on Lent and the broader economic landscape, with inflation back in the spotlight following the latest Consumer Price Index (CPI) release. Although overall inflation showed signs of cooling, food costs continue to edge higher on a monthly basis, keeping value messaging front and center as grocers work to attract price-sensitive consumers.

With the Christian Lenten season now underway, retailers are pivoting quickly. The 40-day period of fasting and reduced meat consumption among Catholics is traditionally a tailwind for seafood, and grocers are leaning into features and promotional pricing to capture traffic...

FMI Statement on January CPI Food Price Numbers

Today, FMI – The Food Industry Association commented on the January Consumer Price Index (CPI) numbers from the U.S. Bureau of Labor Statistics (BLS), which show a 0.2% rise in food-at-home prices for January and a 2.1% increase over the last 12 months. FMI Vice President of Tax, Trade, Sustainability and Policy Development Andy Harig offered the following statement.  

“Today’s CPI data is welcome news from the spike we saw in December and suggests that food price inflation continues to moderate, albeit on an uneven path toward the Federal Reserve’s 2% target. While categories like cereals and bakery products, animal...

The Retail Rundown: Beef Leads Valentine’s Protein Features as Lobster Prices Ease

Beef tops protein feature volume this week, accounting for 25.1% of ad space. Seafood follows at 23.6%, with pork at 23.1% and chicken at 22.1%. Egg promotions fell to just 2% of total protein ads, down four points from the prior week amid softening retail demand.

Steaks dominate Valentine’s beef promotions, representing 40% of all beef features. Ribeyes, T-bones, and boneless strip filets lead the lineup, and all at sizable premiums compared to last year.

According to Expana’s US Valentine’s Day Index, tenderloin prices have eased month-over-month...

The Retail Rundown: Retail Posts Late-Year Gains, but Food Inflation Heats Up

Early 2026 opens with a mixed picture for the food and broader retail sectors.

Retail sales closed out 2025 with solid momentum, as CNBC/NRF data showed holiday sales from Nov. 1 through Dec. 31 rising 4.1% from the year prior. Food and beverage stores also ended the year strong, posting a 0.33% month-over-month gain on a seasonally adjusted basis and a 2.85% increase from a year earlier.

That strength now faces challenges as the industry moves into its usual post-holiday slowdown, amplified by...