White House Summons Defense Giants to Speed Missile Output as Iran Strikes
Senior executives from America’s largest defense contractors are expected at the White House for talks focused on accelerating weapons production, as the Pentagon scrambles to rebuild inventories depleted by strikes on Iran and other recent military demands. The meeting, scheduled for Friday, reflects the urgency in Washington that the U.S. has spent years drawing down […]
Iran War Shock Raises Risk of an Oil-price Spike and Tests The Fed
Federal Reserve officials are starting to assess how an expanding U.S.-Iran conflict could affect the American economy—and investors are already reacting by pushing expectations for interest-rate cuts further into the future. The conflict, which has spread through attacks by Iran and its regional proxies and has heightened global risk aversion, could hit the U.S. through […]
High Risk, High Reward: Trump’s Decision to Hit Iran Reshapes Presidency and Middle East
President Donald Trump’s decision to launch strikes against Iran—coordinated with Israel—represents the most consequential foreign-policy gamble of his second term, one that could either reinforce U.S. deterrence or spiral into a regional conflict that undermines his domestic agenda. The operation marks a sharp departure from Trump’s campaign posture as a dealmaker who promised to avoid […]
Oil Slips as Trump’s Tariff Hike Stirs Global-Growth Fears, Offsetting Middle East Risk Premium
Oil prices fell about 1% after a weekend jolt from U.S. trade policy revived worries about global growth and fuel demand, even as tensions between Washington and Tehran had pushed crude sharply higher the week before. In Asian trading, Brent futures dropped roughly 1.2% to about $70.89 a barrel, while U.S. West Texas Intermediate (WTI) […]
IAEA says Iran nuclear diplomacy at a ‘difficult juncture’
The head of the UN’s nuclear watchdog, Rafael Grossi, told AFP Monday that diplomatic efforts to resolve the dispute over Iran’s nuclear program were at a “difficult juncture” but dialogue would continue. The UN Security Council voted on Friday to reimpose UN sanctions that had been frozen, after three European governments activated the “snapback” mechanism […]
Oil prices rise further as Israel-Iran extends into fourth day
Oil prices extended gains Monday as Israel and Iran pounded each other with missiles for a fourth day and threatened further attacks, stoking fears of a lengthy conflict that could reignite inflation. Gold prices also rose back towards a record high thanks to a rush into safe havens, but while most equity markets dropped further […]
Iran’s president Ebrahim Raisi says it will spend $6bn US prisoner swap funds ‘wherever we need it’
Iran’s president has said his government will decide how it will spend $6bn released by the United States under a prisoner exchange deal. The US has issued a sanctions waiver for international banks to transfer the billions in frozen Iranian funds – paving the way for the release of a British national and four Americans […]
Americans detained in Iran moved to house arrest under prisoner swap deal
Five Americans imprisoned in Iran have been released and placed under house arrest as part of the first step of a planned prisoner exchange between Tehran and Washington, officials have said. The US-Iranian dual nationals include businessmen Siamak Namazi, 51, and Emad Shargi, 58, as well as environmentalist Morad Tahbaz, 67, who also has British […]
American jailed in Iran appeals to Biden in unprecedented interview from country’s best-known prison
During an unprecedented interview with CNN from inside Iran’s notorious Evin prison, the longest-serving American in Iran made an emotional plea to US President Joe Biden to put “freedom of innocent Americans above politics” and intensify your efforts to win their release. “I continue to be deeply concerned that the White House doesn’t realize how […]
