Emergency stockpiles of crude oil in the United States have hit the lowest level they have been since the 1980s, as the oil and gas markets grapple with the fallout from the war in Iran. The monthslong conflict disrupted more than 11 million barrels per day of oil from global trade, threatening supply worldwide and […]
President Donald Trump’s peace deal with the Islamic Republic of Iran is in jeopardy before it can even take effect, as Israeli leaders signal no sense of obligation to end their war in Lebanon. Iranian President Masoud Pezeshkian said on Monday that “the memorandum of understanding to end the war between Iran and America is […]
Both President Trump and Vice President Vance electronically signed a memorandum of understanding with Iran on Sunday, while Mohammad Bagher Qalibaf, speaker of the Iranian Parliament, signed for the Iranian side, senior U.S. officials said Monday. The details of the memorandum will be released in 24 to 48 hours, the officials said. The agreement is…
Shortly after arriving in France Monday for the Group of Seven summit, President Donald Trump revealed that he may not show up to Friday’s signing ceremony cementing the tentative agreement reached between the United States and Iran to end the war.His reason, he explained, was a pre-planned dinner event.“Hey sir, are you gonna try to attend the signing ceremony on Friday?” a reporter asked Trump as he sat beside French President Emmanuel Macron."Well, it depends. [Vice President] JD [Vance] is coming in for it, he was originally going to do it – I'll probably be gone by then, we're having dinner... in a day and a half, right?” Trump said, looking to Macron for confirmation. “We're gonna be staying quite late. So I may be involved, I may not."Trump broadly boasted Sunday that his administration had reached a tentative deal with Iranian officials to bring about an end to the war he initiated back in late February. While Trump bragged of his ability to “make peace with Iran” where all presidents “failed before” him, Iranian officials instead credited their own negotiators for having recruited psychologists to help navigate what they considered to be Trump’s “mental illness."Trump on if he'll attend the Iran deal signing ceremony on Friday:"It depends... I'll probably be gone by then, we're having dinner... in a day and a half, right? We're gonna be staying quite late. So I may be involved, I may not." pic.twitter.com/Tg7H8FXZEX— Alexander Willis (@ReporterWillis) June 15, 2026
Defense Secretary Pete Hegseth crumbled when he tried to explain the difference between Donald Trump’s new deal with Iran and Barack Obama’s Joint Comprehensive Plan of Action. Spoiler alert: there is none. Speaking on CBS News’s Face the Nation Sunday, Hegseth struggled to justify what the U.S. had actually won after months and months of mass destruction and global economic turmoil.“The document says Iran will never have a nuclear weapon, won’t seek one, won’t buy one, won’t have one,” Hegseth explained. “JCPOA said that, too,” host Margaret Brennan pointed out.Pretty much verbatim, actually. The preface of Obama’s 2015 nuclear deal states: “Iran reaffirms that under no circumstances will Iran ever seek, develop or acquire any nuclear weapons.” Hegseth scrambled to defend the new deal. “But they didn’t have the threat of military force the way that we do that Iran respects in a very—in a way that their regime is more devastated, more devastating, excuse me, more devastated than it’s ever been in its 47 years, and that’s why they’re at the table,” he ranted incoherently. HEGSETH: The document says Iran will never have a nuclear weapon, won't seek one, won't buy one, won't have oneBRENNAN: The JCPOA said that tooHEGSETH: But they didn't have the threat of military force the way we do that Iran respects. President Trump led with military might. pic.twitter.com/PQcS6hHhEe— Aaron Rupar (@atrupar) June 14, 2026“The huge difference is, we did this from a position of strength. President Trump led with military might,” Hegseth added. “That military might will stay as long as necessary.”But let’s assess that military might, shall we? It will take at least three years and an estimated $24 billion for the United States to replace the munitions it expended during Trump’s military campaign against Iran. A recent report from the Center for Strategic and International Studies estimated a multi-year “window of vulnerability” for the United States in potential future conflicts. Hegseth denied that there were any shortages in the U.S. weapons stockpile. More to the point, the U.S. has demonstrated our unique powerlessness in the face of a regime that has been reminded it can control the Strait of Hormuz. And as for Iran’s regime, it’s far from being “devastated.” Not only was there no regime change, but the regime has arguably gotten even more extreme—and Trump is still ready to hand them billions of dollars.It’s increasingly apparent that Trump pulled out of the JCPOA, only to drag the United States into an expensive war that no one voted for and then walk away with an identical deal. The major difference this time? One $300 billion check for Tehran to rebuild everything Trump destroyed.
Vice President JD Vance said a 60-day preliminary ceasefire extension between Iran and the United States was signed digitally ahead of in-person meetings to sign the deal in Europe later this week. “We already signed the deal digitally yesterday,” Vance told ABC’s Good Morning America on Monday about the memorandum of understanding. “And there’s been […]
Crude oil prices fell to a three-month low Monday after President Donald Trump announced that the United States and Iran had reached a deal, which resumed tanker traffic through the Strait of Hormuz. Benchmark crude fell nearly 5% to around $83 per barrel, while U.S. West Texas Intermediate crude dropped below $81 per barrel for […]