Trump’s Portrayal of the War in Iran Collides With Reality
President Trump is confronting a crisis that is not bending to his narrative of a “pretty reasonable” new regime in Iran and all-but-assured victory for the United States.
President Trump is confronting a crisis that is not bending to his narrative of a “pretty reasonable” new regime in Iran and all-but-assured victory for the United States.
In a thinly veiled critique of the war in Iran, China’s leader said the world could not risk reverting “to the law of the jungle.”
The prime minister said that his government was also investing in ways to boost oil and gas production.
The conflict could also fuel another bout of inflation, according to the International Monetary Fund.
Oil markets shrugged it off, but the effort to hurt Iran could provoke retaliation that inflicts more damage on energy assets and the global economy.
European countries declined to take part in the action, which is designed to pressure Iran into making concessions by cutting off its oil income.
President Trump is trying to choke off the country’s lifeline with a blockade of the Strait of Hormuz. But the Iranians are betting that his tolerance for political pain is limited.
The U.S. had demanded that Iran immediately reopen the strait to all maritime traffic, but Iran said it would do so only after a final peace deal, according to Iranian officials.
The lack of a breakthrough after 21 hours of negotiations leaves the Trump administration facing several unpalatable options.
Our energy reporter Rebecca F. Elliott explains why, even if the flow of energy is restored through the Persian Gulf, it will take months to carry out repairs across dozens of energy sites in the region.