Defense Secretary Pete Hegseth said Tuesday would be “our most intense day of strikes,” after President Trump sent conflicting messages about the administration’s plans.
Oil prices surged past $100 a barrel this week as the U.S.-Israeli war against Iran threatens global energy supplies and the broader economy. Iranian officials say no oil will be allowed to leave the Middle East until the bombardment stops, raising fears of disruptions in the Strait of Hormuz, the waterway through which about 20% of the world’s oil and gas…
President Donald Trump on Monday said the US and Israel were making significant progress in their war on Iran and could end the conflict “very soon,” curtailing an oil-price surge.
As war in the Middle East rattles global energy markets and threatens one of the world’s most critical oil routes, Russian President Vladimir Putin is signaling that Moscow stands ready to step back into Europe’s energy market, if European leaders are willing to drop the “political pressure.” Speaking Monday during a televised meeting with government…
“I don’t know how anybody can be surprised. When you have a major conflict in the Middle East, prices always go up,” Sen. John Kennedy (R-La.) said.
The war in Iran sent financial markets and energy prices on a roller-coaster ride on Monday, underlining the political challenges for President Trump in a mixed and rapidly shifting economic landscape. Nowhere was volatility more evident than in the price of oil. Late Sunday, oil futures rocketed by close to 20 percent, sending tremors across…
