The United States has launched retaliatory air strikes targeting weapons and ammunition storage facilities used by Iran's Islamic Revolutionary Guard Corps (IRGC) and affiliated groups in eastern Syria.
Defense Secretary Lloyd Austin said in a statement that this was in response to a number of drone and rocket attacks carried out by pro-Iranian militias against U.S. military bases in Iraq and Syria recently.
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Political News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.