The current Mideast conflict is destabilizing the global economy more than the the U.S. economy. But the U.S. economy remains the more unstable of the two.

China is demanding domestic oil refiners stop exporting fuel and renegotiate or cancel existing contracts as the conflict in Iran

The U.S.-Israeli attack raises the risk of major oil supply disruption. Iran is the fourth-largest OPEC producer and sits on the critical Strait of Hormuz.

The war with Iran could leave consumers and businesses worldwide facing weeks or months of higher fuel prices even if the week-old conflict ends

Iran’s paramilitary Revolutionary Guard issued its most intense threat yet as the war in the Middle East escalated Wednesday, saying it was prepared for the “complete destruction of the region’s military and economic infrastructure.

March 7 (Reuters) - Ukrainian manufacturers of cheap interceptor drones designed to knock out enemy unmanned aerial vehicles (UAVs) say they have the capacity to export in large volumes, amid enquiries from the United States and Middle East prompted by the Iran war.

The strikes on Iran don’t appear to have had an impact on the nation's oil exports so far, preliminary vessel tracking data show, as traders stay on alert for any disruptions to Middle Eastern oil flows.

The Iran war risks a slowdown of U.S. economic growth since potentially elevated prices could weigh on consumers and businesses, while the Federal Reserve may take a cautious approach to lowering interest rates.

Saudi Arabia and Iran are both accelerating oil exports, adding barrels to global markets at a time when the US is deploying military assets in the Middle East, creating uncertainty about future supply.