White House Shrugs Off Shaky Economy as War Exceeds Trump’s Timeline
Stocks may be soaring again, but the war in Iran has started to pinch the finances of many Americans.
Stocks may be soaring again, but the war in Iran has started to pinch the finances of many Americans.
Concerns over the Iran war led several Democratic senators who had rejected past bids to curb weapons transfers to Israel to vote to block the sale of bulldozers and bombs.
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.
For the fourth time since the war began, G.O.P. senators successfully fended off an effort to constrain the president. But there were signs of growing unease among Republicans.
The president did not say who would represent the United States in a potential next round of direct talks, though he ruled out being personally involved.
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.
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.
Vice President JD Vance led the highest-level talks between the United States and Iran in nearly 50 years.
Iranian officials said that while Iran had approached the negotiations in good faith, the U.S. team had not gained the Iranian delegation’s trust.