Iran, oil and war
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Trump says he is reviewing a new Iranian proposal to end war
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The Iranian military has indicated that a resumption of the ‘US-Israel war’ against the nation is ’likely,’ asserting that its forces remain fully prepared to counter any adventures or foolishness from Washington.
Under the 1973 War Powers Resolution, a U.S. president needs to withdraw troops 60 days after reporting their deployment to Congress
Global carriers are contending with surging jet fuel prices since the U.S.-Israeli strikes on Iran disrupted traffic through the Strait of Hormuz.
The price of Brent crude oil briefly surged past $126 a barrel early Thursday as stalled U.S.-Iran talks raised doubts over the reopening of the Strait of Hormuz and a permanent end to the Iran war. Brent crude to be delivered in June jumped 3.
Axios reported that US Central Command has prepared a plan for a wave of "short and powerful" strikes on Iran.
Iran tensions see Trump push a prolonged blockade, stall nuclear talks, and warn Tehran to “get smart soon.” Oil prices surge amid supply fears, while Iran’s economy weakens. Pentagon reveals $25B war cost as global powers step in,
The oil shock and elevated inflation are top worries for investors in the bond market as Federal Reserve Chair Jerome Powell prepares to deliver the final press conference of his career at the central bank’s helm.
US lawmakers are set to question Pentagon leadership as Trump says Iran is “militarily defeated.” Israeli strikes in Lebanon, rising oil prices, and drone activity in Baghdad underscore tensions despite ceasefire efforts,