With Iran War, Trump Risks Stepping on Gains From His Own Tax Cuts
President Trump’s war in Iran has raised some costs just as many Americans are starting to see savings from last year’s tax cuts.
President Trump’s war in Iran has raised some costs just as many Americans are starting to see savings from last year’s tax cuts.
President Trump warned that he could postpone a meeting set to begin in just over two weeks if China refuses to help reopen the Strait of Hormuz.
As the conflict with Iran expands and intensifies, President Trump’s options — to fight on, or to move toward declaring victory and pulling back — both carry deeply problematic consequences.
Energy Secretary Chris Wright said the Strait of Hormuz, a critical passageway for oil shipments, remained unsafe for tankers. Iran has been firing projectiles and laying mines.
Emirates, Qatar Airways and Etihad Airways have become some of the world’s largest and most profitable thanks to their location at the center of busy travel routes.
The Persian Gulf island, targeted by U.S. strikes, is home to Iran’s main oil export terminal. Any disruption could jolt global energy markets.
Geography and regional rivalries have prevented Gulf countries from finding a true alternative to the strait, which the war with Iran has effectively shut down.
The Persian Gulf island, targeted by U.S. strikes, is home to Iran’s main oil export terminal. Any disruption could jolt global energy markets.
The strikes on Kharg Island targeted Iranian military forces, not economic infrastructure on the island, a U.S. military official said.
Defense Secretary Pete Hegseth said Friday would be the most intense day of the U.S. air campaign in Iran as a vital oil supply route remained choked off.