Rising gas prices drove much of the inflation increase as renewed violence in the Middle East has kept oil prices above $100 a barrel, up from below $70 before the Iran war. But prices also rose outside of fuel costs.
Republican strategist Karl Rove said Wednesday he expects President Trump will resume U.S. strikes against Iran after the midterm elections are over. Rove made his prediction in an interview with Fox News’s Brian Kilmeade on his series “The Brian Kilmeade Show,” who asked the former adviser to former President George W. Bush if “we go…
Republican strategist Karl Rove said Wednesday he expects President Trump will resume U.S. strikes against Iran after the midterm elections are over. Rove made his prediction in an interview with Fox News’s Brian Kilmeade on his series “The Brian Kilmeade Show,” who asked the former adviser to former President George W. Bush if “we go…
The Republican president has said new strikes on Iran are an option after the midterms and is sending more military resources to the Middle East, despite initially promising Americans a military campaign that would last only a matter of weeks.
Saudi Arabia’s rapid expansion of a ballistic missile factory signals a transformative shift in its pursuit of strategic deterrence. Saudi Arabia is expanding its solid-propellant missile production complex near al-Duwadimi, approximately 200 kilometers west of Riyadh, to develop longer-range ballistic weapons capable of carrying heavier payloads, multiple media outlets reported this month based on satellite […]
The cost of the U.S.’s war against Iran has gone up to $47 billion, an increase of more than $3 billion since last month, as President Trump mulls launching strikes against the Islamic Republic after the U.S. midterm elections. The biggest chunk of the cost is munition replacement at $29 billion, according to an Oct.…
The cost of the U.S.’s war against Iran has gone up to $47 billion, an increase of more than $3 billion since last month, as President Trump mulls launching strikes against the Islamic Republic after the U.S. midterm elections. The biggest chunk of the cost is munition replacement at $29 billion, according to an Oct.…
President Trump’s approval rating inched up by 1 point from a record low last week, according to a new poll. The Reuters/Ipsos survey, released Monday, found 32 percent of U.S. adults support the president’s job performance, while 66 percent disagreed. This is a slight uptick from the pollster’s previous findings, which showed Trump with a…
The International Energy Agency’s executive director, Fatih Birol, on Monday dismissed the prospect that markets will stabilize or recover by 2027, speaking during International Energy Week in Singapore.
Markets will take time to return to conditions prior to the outbreak of the U.S.-Isareli war against Iran, Birol considered.
“We must all prepare and make energy security the highest priority in our Governments and in the business world,” he said in a direct call to state administrations and the global corporate sector.
He assured that there is no viable path for markets to return in the short term to the operating conditions prior to the crisis, and urged governments and the business sector to prioritize global energy security for the coming years.
Oil prices currently stand near $120 per barrel, while the cost of derivative products is at considerably higher levels. Although the IEA leadership did not issue firm forecasts, it expressed concern about fuel demand ahead of the next winter period.
Bessent on Iran:
Iran, for the first time, probably since oil was discovered, has no oil on the water.
The Iranian people should go and buy their heating oil now. They should hoard gasoline. pic.twitter.com/nXt6Cs7IMq
As a direct response to the current energy crisis, the agency anticipates a significant rebound in the nuclear sector. Its latest study indicates that nuclear power plants with a combined capacity of 90 gigawatts are currently under construction—the highest figure recorded in the last 40 years.
Israelis will go to the polls on Tuesday in what many describe as the most consequential election in years. It's the first vote since the Oct. 7 Hamas attack and Israel's war in Gaza. Prime Minister Netanyahu has been campaigning that he'll keep Israel safe. But the opposition says Netanyahu failed to prevent the 2023 attack and is blocking an investigation into it. Nick Schifrin reports.
There appears to be little prospect of lasting peace between Iran and the United States while Donald Trump remains in the White House. This is a view that an increasing number of serious actors across the region now seem to share. Eight months into the Iran war, Washington has neither broken Tehran’s resolve nor found […]
Israeli Prime Minister Benjamin Netanyahu, who faces a close vote Tuesday, says Iran's leadership must be eliminated. U.S. President Donald Trump vows to "finish the job" in Iran eight months after the war began, as a third aircraft carrier and thousands of troops make their way to the region.
Oil prices on Friday hit their highest point since May as the war in Iran drags on. As of Friday morning, futures for international benchmark Brent crude were trading at $116 per barrel, while U.S benchmark West Texas Intermediate traded at about $102. The high prices come as the war in Iran nears the eight-month…
Iran’s rapid post-strike recovery of its Eagle 44 airbase proves that hardened mountain shelters remain a decisive shield against precision firepower, transforming how inferior air forces survive and deter superior adversaries. This month, The War Zone (TWZ) reported that Iran is actively repairing and expanding its subterranean Eagle 44 airbase in Hormozgan province, despite having […]
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