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Economic Impact of the Conflict

Comparative figures relating to the ongoing regional conflict.

Primary Sources

news18.com
US-Iran War, Trump China Visit News LIVE Updates: Trump, Xi To Discuss ...

TRENDING:Iran US Ceasefire NewsTrump XI MeetingTrump China VisitNetanyahu UAE TripIran War News Donald TrumpUS News TodayFollow Us Last Updated:May 13, 2026, 18:51 ISTUS-Israel Iran War Ceasefire, Trump News Today Highlights: Trump departed for Beijing for talks with Xi, saying Iran war would be discussed during talk between the two leaders.US President Donald Trump waves prior boarding Air Force One at Joint Base Andrews, Maryland, on May 12, 2026 as he departs for a 3-day state visit to China. (Photo: AFP)US-Israel Iran War Ceasefire, Trump News Today Highlights: Nearly two-and-a-half months into the conflict in West Asia, attention has now shifted to high-level diplomacy between the United States and China. US President Donald Trump departed for Beijing on Tuesday afternoon for talks with Chinese President Xi Jinping, saying Iran and the ongoing war would be discussed during a “long talk” between the two leaders. However, Trump pointed out that trade would remain the main focus of the visit. Speaking before leaving the White House, he said he did not believe the United States needed China’s help regarding Iran. “We’ll win it one way or the other, peacefully or otherwise,” Trump told reporters. US-Israel-Iran ceasefire under pressure The latest developments come amid uncertainty over the future of the ceasefire linked to the Iran conflict. Some aides to Trump reportedly believe the president is now more seriously considering the possibility of resuming combat operations. As per reports, Trump’s current approach appears to suggest that the ceasefire would continue only “until he says so”. Meanwhile, Iran’s Foreign Ministry spokesman Esmaeil Baghaei described the US-Israel war on Iran as a fight between “a proud people” and “professional liars”. Rising war cost The conflict continues to affect the wider region. Lebanon’s Health Ministry reported that two paramedics were killed and another injured in an Israeli strike targeting emergency workers in southern Lebanon. The economic impact is also growing. The US war against Iran has now reportedly cost $29 billion, higher than the Pentagon’s earlier estimate of $25 billion given to Congress two weeks ago. Americans are also facing rising fuel costs. The Energy Department has raised its forecast for average petrol prices this year from $3.70 to $3.88 per gallon.May 13, 2026 16:27 ISTUS-Iran War Ceasefire Live Updates: Iran Hangs Man Convicted Of Spying For IsraelIranian authorities hanged a man in his early 30s...

news18.com
cnbctv18.com
US-Iran War Highlights: Xi cautions Trump over Taiwan during high ...

HomeWorld NewsUS-Iran War Highlights: Xi cautions Trump over Taiwan during high-stakes US-China summitPresident Xi welcomed a group of US business leaders and said China’s doors would "only open wider", while calling for stronger reciprocal cooperation with the United States. President Trump arrived at the Great Hall of the People for formal talks with President Xi, receiving a ceremonial welcome that included a 21-gun salute. Follow along for the latest updates.US-Israel-Iran War News Live Updates: Focus has shifted to Beijing as US President Donald Trump and Chinese President Xi Jinping begin high-stakes talks amid the continuing war in West Asia and growing global economic uncertainty. President Xi welcomed a group of US business leaders and said China’s doors would "only open wider", while calling for stronger reciprocal cooperation with the United States. President Trump arrived at the Great Hall of the People for formal talks with President Xi, receiving a ceremonial welcome that included a 21-gun salute. During the opening remarks, Xi said the "whole world is watching" the summit and stressed that China and the US should be "partners, not rivals". Trump praised Xi’s leadership and said both countries shared a "bright future together". Xi also appeared to indirectly reference the war in West Asia, asking whether major powers could "meet global challenges together and provide more stability for the world". Meanwhile, the economic fallout from the Iran war continues to widen. Associated Press reported that soaring oil prices are expected to generate an additional $850 million in revenue for New Mexico, even as Democrats in the oil-rich state remain uneasy about benefiting from a conflict they oppose. Follow CNBC-TV18’s live coverage for the latest updates on the US-Iran-Israel conflict that has sparked economic concerns across the world, and diplomatic negotiations.

cnbctv18.com
smh.com.au
Trump China visit LIVE updates: Xi Jinping, US President to meet in ...

US President Donald Trump will meet with President Xi Jinping for the first time since October 2025, as the war in Iran and the United States' blockade of the Strait of Hormuz continues to choke ...

smh.com.au
abcnews.com
Iran live updates: US wants China to do more to end Iran war, Rubio ...

US wants China to do more to end Iran war, Rubio says Secretary of State Marco Rubio said the U.S. would urge China to take a more assertive role in resolving the Iran conflict during a high stakes meeting between President Donald Trump and Chinese President Xi Jinping on Thursday. "It's in their interest to resolve this.

abcnews.com