U.S. Encourages Flow of Iranian Oil While It Battles Iran
Treasury Secretary Scott Bessent said removing sanctions on Iranian oil would lower global prices.
Treasury Secretary Scott Bessent said removing sanctions on Iranian oil would lower global prices.
Four years after the Russian invasion of Ukraine sent energy prices soaring, the war in Iran is posing another challenge to efforts to revive European factories.
The United States and Israel launched more strikes against Iran, where crowds mourned military commanders killed in the war. Israel also bombed targets in Lebanon, where the death toll climbed.
Investors now expect that the Fed will delay a rate cut until September instead of July, as they had before the war in Iran began.
President Vladimir V. Putin threatened to cut off remaining gas supplies to Europe as the Iran war drives a surge in energy costs.
Energy prices continued to rise on Tuesday as attacks by the United States and Israel on Iran intensified, along with the country’s response.
Ayatollah Ali Khamenei has built his 37-year rule on uncompromising repression. His answer to the current protests is no different.
Its security forces have brutally defended the Islamic Republic, but the protests show that many Iranians consider it stagnant and ideologically hollow.
Demonstrations that began as outrage at the state of the economy have spread to cities across the country, amid an escalating crackdown by the authorities.
Bazaars were shuttered and demonstrators met with violence from security forces amid rising anger about the country’s dire economic situation.