I.M.F. Says Iran War Will Drag Global Growth Lower
Kristalina Georgieva, the head of the International Monetary Fund, said the war in the Middle East could lead to another bout of inflation and higher interest rates.
Kristalina Georgieva, the head of the International Monetary Fund, said the war in the Middle East could lead to another bout of inflation and higher interest rates.
After careening from one diplomatic extreme to another, President Trump finds himself with a fragile deal that is already showing signs of fraying.
In a week in which President Trump has veered from threatening to wipe out Iranian civilization to declaring a cease-fire, Congress is out of session and lawmakers with the power to declare war are mostly in the dark.
Analysts said oil and natural gas energy companies would not quickly restore production unless attacks stopped and ships started moving through the Strait of Hormuz.
President Trump knows that even if a cease-fire runs out with no final agreement on the issues dividing Washington and Tehran, the political risk of renewing hostilities is high.
President Trump said that “we have already met and exceeded” his military objectives. But his goals are largely unresolved.
President Trump said “we have already met and exceeded” his military objectives. But his goals are largely unresolved.
President Trump, in vowing to systematically destroy civilian infrastructure and annihilate Iran’s entire civilization, appears to be creating evidence about his intentions.
More than 70 Democratic lawmakers, questioning his mental fitness, called for the president’s removal from office through impeachment or the 25th Amendment.
Marjorie Taylor Greene, Tucker Carlson and Senator Ron Johnson were among those pushing back against President Trump’s threats toward Iran.