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The warning came after a flurry of unusual activity on oil and stock futures markets shortly before President Trump said he would pause attacks on Iran.
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Inflation surged in March after an oil shock triggered by the U.S.-Israeli war with Iran, government data showed on Friday. The inflation report matched economists' expectations.
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;Resize=(620)) U.S. President Donald Trump's recent social posts, like his threat to destroy Iran's 'whole civilization,' have alarmed both critics and allies, leaving Democrats questioning whether he's fit for the presidency - Andrew Chang shows us how they're going about it.
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In what appeared to be a new condition, Iran's parliament speaker said that negotiations set for Saturday in Pakistan would not go ahead unless unspecified Iranian funds were released.
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;Resize=(620)) Afrika Bambaataa, a man widely considered one of the main pioneers of hip-hop, died in Pennsylvania of prostate cancer on Thursday, according to his lawyer. He was 68.
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The Middle East conflict triggered one of the largest oil shocks in decades, and was reflected in Friday's inflation report.
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