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Iran war

14 articles

Trump Asks Congress for $87 Billion to Cover Iran War Costs
domestic

Trump Asks Congress for $87 Billion to Cover Iran War Costs

The president's emergency supplemental request arrives a day after lawmakers rebuked his military action, setting up a difficult fight on Capitol Hill.

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Hormuz Tanker Traffic Down 90% as Dark Voyages Surge
markets

Hormuz Tanker Traffic Down 90% as Dark Voyages Surge

Tanker movement through the Strait of Hormuz has collapsed roughly 90 to 95 percent versus pre-war levels, and the residual flow is increasingly going dark, leaving traders and governments without real-time visibility on Gulf crude.

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Pentagon Raises Counterintel Threat Level on Israeli Spying to Critical
defense

Pentagon Raises Counterintel Threat Level on Israeli Spying to Critical

Defense officials elevated the counterintelligence threat posed by Israeli espionage targeting US personnel to its highest tier, citing aggressive collection against policymakers during the war on Iran.

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US munitions depleted by Iran war face years-long rebuild
Analysis
defense

US munitions depleted by Iran war face years-long rebuild

A new analysis finds replenishing stockpiles drained by the Iran conflict could stretch to 2030 or 2031, opening what authors call a window of vulnerability.

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EU now prices the Iran war into euro-area growth and inflation
Analysis
markets

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.

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GOP fissures widen on Iran war as Massie ouster steels Trump
domestic

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.

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IAEA's Grossi Tells UNSC Barakah Strike Is 'Grave Concern'
iran middle east

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.

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Oil Drops After Trump Pauses Iran Strike, But $45 Billion Bill Has Already Hit U.S. Consumers
Analysis
markets

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.

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Ford Strike Group Awarded Presidential Unit Citation for Iran War
defense

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.

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Trump Vows Hormuz Stays Open as Iran Warns of Economic Pain
iran middle east

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.

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Saudi Aramco Posts Record Profit as Hormuz War Drives Oil to $107
Analysis
markets

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.

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Hegseth tells Senate Trump needs no Iran war vote on day 60
domestic

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.

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Iran war hits 60-day mark as Trump faces May 1 War Powers cutoff
domestic

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.

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Is the US going to war with Iran? An honest assessment
Analysis
iran middle east

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.

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