Iran war
10 articles

EU now prices the Iran war into euro-area growth and inflation
Brussels cut 2026 eurozone growth to 0.9% and lifted inflation to 3.0%, formally treating the Iran war as a structural energy shock and raising ECB-hike pressure.

GOP fissures widen on Iran war as Massie ouster steels Trump
House and Senate war-powers votes this week could deliver Trump a public rebuke from his own party as the Iran war hits day 82 — even as the Massie defeat shows the cost of dissent.

IAEA's Grossi Tells UNSC Barakah Strike Is 'Grave Concern'
IAEA Director-General Rafael Grossi briefed the UN Security Council on Tuesday on the May 17 drone strike at the UAE's Barakah nuclear plant, calling the situation one of grave concern.

Oil Drops After Trump Pauses Iran Strike, But $45 Billion Bill Has Already Hit U.S. Consumers
Brent and WTI eased after Trump postponed a planned Iran strike, but Americans have already absorbed an estimated $45 billion in higher fuel costs since the war began.

Ford Strike Group Awarded Presidential Unit Citation for Iran War
The USS Gerald R. Ford carrier strike group received a Presidential Unit Citation for combat operations during the Iran War, putting on the record what the Pentagon previously discussed only in pieces.

Trump Vows Hormuz Stays Open as Iran Warns of Economic Pain
Trump pledged the Strait of Hormuz will not become an Iranian weapon while Tehran's foreign minister warned Americans of rising debt costs and senators broke with the president.

Saudi Aramco Posts Record Profit as Hormuz War Drives Oil to $107
Saudi Arabia's state oil giant earned $32.5 billion in Q1 2026, up 25% year-on-year, as Strait of Hormuz combat keeps Brent above $100 and war-risk insurance premiums at 8–10x pre-war levels.

Hegseth tells Senate Trump needs no Iran war vote on day 60
Defense Secretary Pete Hegseth told the Senate Armed Services Committee the April 8 ceasefire paused the War Powers clock, drawing pushback from GOP senators a day before the 60-day cliff.

Iran war hits 60-day mark as Trump faces May 1 War Powers cutoff
Day 60 of U.S. operations against Iran lands April 29 with a fourth war-powers resolution defeated, Murkowski drafting an AUMF, and a May 1 deadline looming.

Is the US going to war with Iran? An honest assessment
Cable news says yes. The Pentagon says we're being measured. The honest answer is more complicated than either. Three scenarios, the indicators that distinguish them, and the off-ramps that have historically held.