Even if the Iran war ended today, rebuilding the Middle East’s energy shipping and production capacity could take months or even years.
With Trump's ceasefire on the verge of collapse, Tehran is threatening to close the Bab el-Mandeb Strait to punish the US and Israel , in a move that could send the global economy into a recession.
Iran has accused the Trump administration of ceasefire violations and will move to close the Strait of Hormuz and stop exchanging messages with the U.S. through intermediaries, Iran’s state-affiliated outlet Tasnim News Agency reported Monday. The report, translated from a post on the messaging app Telegram, pointed to Israel’s military operations in Lebanon against the…
The Islamic Republic is reportedly stopping exchanges with the U.S. through mediators over attacks on Lebanon.
A federal judge waylaid Donald Trump's legal team Friday by reopening his $10 billion IRS lawsuit, declaring she wants to investigate "grievous allegations" that the deal to settle it was "premised on deception," The New York Times reported.In what the Times called a "striking turnabout," U.S. District Judge Kathleen Williams revived the case just days after she had closed it. The Obama appointee said she wants to scrutinize the circumstances surrounding Trump's effort to settle the suit in a way that benefited him, his family, and his political allies — including the controversial $1.776 billion "anti-weaponization fund" that critics have blasted as a slush fund.Williams ordered Trump's lawyers to respond by June 12 to two damning questions: whether "the court was the victim of a fraud," and whether the president colluded with his own government to settle the case "to avoid judicial scrutiny."The ruling came in response to a bipartisan filing from 35 former federal judges earlier this week. The retired judges argued Trump improperly used the IRS suit to dole out taxpayer money "without constitutional or congressional authority" and to obtain "unlawful private benefits" for his family, including permanent immunity from tax audits.If Williams proceeds, top Justice Department officials could face hard questions — including acting Attorney General Todd Blanche, who signed the audit shield, and Stanley Woodward Jr., the No. 3 DOJ official who signed the fund agreement.The ruling adds to a wave of legal challenges the fund faces. A judge in Virginia previously blocked the administration from disbursing money from it.
A federal judge in Florida agreed to reopen President Trump’s bid to sue the Internal Revenue Service (IRS) for $10 billion, siding with intervenors who said a settlement to create an “anti-weaponization” fund tainted the case. The Justice Department (DOJ) and Trump agreed to voluntarily dismiss his suit against the IRS in exchange for the…
A federal judge in Florida agreed to reopen President Trump’s bid to sue the Internal Revenue Service (IRS) for $10 billion, siding with intervenors who said a settlement to create an “anti-weaponization” fund tainted the case. The Justice Department (DOJ) and Trump agreed to voluntarily dismiss his suit against the IRS in exchange for the [...]
Former Defense Secretary Mark Esper on Friday said he believes a memorandum of understanding (MOU) between the U.S. and Iran — meant to get the two countries to an eventual peace deal — would lift “pressure on both sides” over the Strait of Hormuz. “At the end of the day, all this really does is…