BBC: Iran threatens to attack US forces if they enter the Strait of Hormuz, after Donald Trump said the US would help stranded ships out of the passage…
Trump Says U.S. Will Help Stranded Ships Leave Strait of Hormuz
Mr. Trump said the initiative, called Project Freedom, would begin on Monday morning “Middle East time,” after his administration heard from nations seeking help freeing their ships. He warned that any interference in the program would be dealt with “forcefully,” but offered few details about how it would work…
Oil slips after Trump says US will help free ships stranded in Strait of Hormuz
Oil prices eased on Monday after U.S. President Donald Trump said the United States would begin an effort to free up ships stranded in the Strait of Hormuz, however the lack of a U.S.-Iran peace deal kept prices supported above $100…
Trump Faces the Complicated Reality of a Costly, Unpopular War in Iran
Energy markets are in turmoil. The Pentagon has given its first public estimate of the war’s cost: $25 billion so far. Key Republicans in Congress are growing impatient. And Mr. Trump is lashing out at foreign allies, like Germany, who have shown no interest in joining the fight…
How Iran’s Chief Sanctions Buster Went From Death Row to Crypto
Zanjani has spoken openly on social media and in interviews about helping Iran skirt Western sanctions, casting himself as an “economic soldier” for the regime. “Even a small economic structure is more powerful than any warship,” Zanjani said on X recently. “But today it has become clear that structuring the economy…can put a country on par with the superpowers.”…
Trump disapproval reaches new high, Post-ABC-Ipsos poll finds
Americans disapprove of his handling of the situation with Iran by 66 percent to 33 percent. His rating on the economy has declined by seven points, to 34 percent, as gas prices have spiked. His approval rating on inflation has fallen five points in that time to 27 percent and his lowest rating comes on perceptions of his handling of the general cost of living, with 23 percent approving vs. 76 percent disapproving…
‘This is just disarray’: alarm inside Pentagon after Hegseth staff purges
In interviews with the Guardian, insiders have portrayed Hegseth – a former Fox News host known for combative public appearances and an aggressive stance towards journalists – as increasingly isolated within the Pentagon’s sprawling bureaucracy and surrounded by a small coterie of close friends and relatives…
Asia’s economic pain deepens as Iran war drags on
Sharp rise in inflation is hitting growth outlook for region heavily dependent on imported energy…
An Aluminum Crisis Is Roiling the Auto Industry
The U.S. cost of primary aluminum from smelters is nearly 90% higher than a year ago. The war in Iran is driving up prices by effectively choking off shipments from the Persian Gulf countries, which supply about one-fifth of the aluminum consumed in the U.S…
Detroit carmakers warn of $5bn commodities shock due to Iran war
They could be forced to cut vehicle discounts and raise prices if the conflict drags on for more than six months given their slim margins, according to analysts…
Investors pile into clean energy as Iran war drives push for energy security
Renewables funds attract biggest flows for five years, as focus shifts from climate change to geopolitical crisis…
Iran’s covert war on opponents abroad
Experts say Tehran is likely to eventually seek retaliation against senior figures over the US-Israeli war…
Saudi Arabia touts new use for Neom port after Iran war
Saudi Arabia is promoting the port of Neom as a hub connecting the Gulf with Europe and Africa, as the kingdom turns to its long-overlooked Red Sea coast as a key trade outlet to counter Iran’s control over the Strait of Hormuz…