CNN: Some aides of President Donald Trump said he is now more seriously considering a resumption of major combat operations in Iran. Trump said the truce is on “life support” after he rejected Iran’s counterproposal to end hostilities, which he said did not address nuclear issues.
Sources said a major decision on how to proceed is unlikely to be made before Trump’s departure to China today. An adviser to Iran’s supreme leader warned Trump he should not mistake the current lack of fighting as a victory as he heads to Beijing…
Trump Proposes Suspending Federal Gas Tax Until Prices Fall
Congress would have to agree to any suspension, and dropping federal taxes would not make up for the steep increase in prices since the war began…
Trump’s Complaints About Iran War Leaks Prompt Aggressive DOJ Investigations
In one meeting, Trump passed a stack of news articles he and other senior officials thought threatened national security to Blanche with a sticky note on it that said “treason,” another administration official said. Senior Justice Department officials have met with counterparts from the Pentagon to discuss the investigations, according to officials familiar with the meetings.
In particular, Trump has focused his ire on articles that provided details on how he arrived at his decision to launch the war, and what his advisers had told him as he deliberated, officials said…
The U.A.E. Has Been Secretly Carrying Out Attacks on Iran
The strikes, which the U.A.E. hasn’t publicly acknowledged, have included an attack on a refinery on Iran’s Lavan Island in the Persian Gulf, the people familiar with the matter said. That attack took place in early April around the time President Trump was announcing a cease-fire in the war after a five-week air campaign and sparked a large fire and knocked much of its capacity off line for months…
Iran Says It’s Deployed Mini Subs in Contest to Control Hormuz
Iran says it’s deployed small submarines to act as an “invisible guardian” of the Strait of Hormuz amid a series of rejected peace deals between Tehran and the US…
Nations Brace for Long-Term Economic Woes as Trump Calls Iran Truce Plan ‘Garbage’
President Trump said the fragile cease-fire was on “life support,” and India’s leader urged residents to cut back on purchases and travel…
U.S. and Iran Are Locked in a Stalemate That’s Neither Peace Nor War
The cease-fire is entering its second month and, despite sporadic violence, has now lasted almost as long as the fighting which preceded it. There is little to indicate that either the U.S. or Iran is ready to compromise, but neither wants to start fighting again…
This is a regime that thinks it can absorb economic pain from the U.S. blockade longer than Mr. Trump can tolerate higher prices for oil and petrochemicals. Mr. Trump will have to persuade Tehran’s leaders they’ve underestimated him—and the pain…
Fuel, munitions and food: the mounting toll of Trump’s Iran war
Donald Trump’s Iran war is ripping across the US economy at a cost of hundreds of billions of dollars in lost output, as soaring fuel prices, rising borrowing costs and supply chain snags erode Americans’ prosperity…
How the Iran war could weaken Trump in his strongman showdown with Xi
The president’s failure to deliver a clear victory in Iran and the calamitous global economic aftershocks of his war also raise new questions about US power that China may seek to exploit. Iran’s latest snub to Trump’s quest for a deal and an off-ramp on Monday confound his claims that it’s about to cave. The defiance of a smaller power in the face of US might leaves him looking personally weakened…
The shadowy network of Chinese oil refineries funding Iran
China doesn’t acknowledge importing Iranian crude in its customs data, and the origins of the imported oil has already been obscured upstream. But Beijing also rejects what it calls “unilateral” US sanctions and has ordered companies not to comply with Washington’s sanctions on refineries…
Stung by Iran war, Trump heads to China in need of wins
A year ago, U.S. President Donald Trump predicted that towering trade tariffs would bring America’s main economic rival to heel.
He heads to China this week with that ambition blunted by court rulings, narrowing his goals to a few deals on beans, beef and Boeing jets, and enlisting China’s help to resolve his unpopular Iran war, political analysts say…
China Increasingly Views Trump’s America as an Empire in Decline
For decades, many Chinese viewed the United States with a mix of admiration, envy and resentment. President Trump’s volatile second term shattered that image…
US issues new sanctions over Iran’s oil shipments to China
The U.S. government on Monday announced sanctions against three people and nine companies, including four based in Hong Kong and four in the United Arab Emirates, for aiding Iran’s shipment of oil to China. The ninth company is based in Oman…
76% of Americans call cost-of-living issues their biggest economic problem
CNN’s poll, conducted by SSRS, finds a surge in people naming high prices and the cost of living as the top economic problem facing their family. Strong majorities are pessimistic about the economy as a whole — almost 7 in 10 believe a recession is likely in the next year — and about their own ability to cover expenses and make purchases…
Americans’ anger about the economy hits Trump and Republicans’ midterm prospects
In the latest poll, Democrats are more trusted than the GOP to handle central economic issues, including the cost of living, helping the middle class and inflation. Significant shares of the public, however, say they trust neither party on many of those same issues…
How the U.S. Is Trying to Ensure the Dollar’s Dominance During Economic Turmoil
As the government has been devising plans to keep the dollar dominant, China has been making its own moves to increase global influence of the renminbi…