Janet Yellen has advised Sky News the United States can "certainly" afford wars on two fronts, because the battle between Israel and Hamas threatens stability within the Middle East and the US continues to assist Ukraine's combat towards Russia.

Talking completely to Wilfred Frost forward of a gathering of finance ministers in Luxembourg, the US Treasury secretary mentioned the economic system and public funds have been in good condition to make sure backing for US pursuits overseas.

She mentioned it remained too early to grasp the financial ramifications of the most recent battle, with oil and natural gas prices remaining volatile amid rising considerations of a wider conflict within the Middle East.