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Category: War

Demand destruction: How the Iran war could rattle or break the U.S. economy

Demand destruction: How the Iran war could rattle or break the U.S. economy

CNN reports: At its linguistic core, the two-word phrase “demand destruction” feels severe, harsh, maybe even violent. In practice, that’s not far off: It means that the magnitude of a price shock can be so large, so persistent and so painful that spending behaviors shift – sometimes to the point where they permanently alter the course, the structure and the stability of a sector or an entire economy. Earlier this month, the International Energy Agency warned that in the wake…

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Iran’s latest AI Lego video reaches out to American people instead of taunting U.S. military

Iran’s latest AI Lego video reaches out to American people instead of taunting U.S. military

Iran’s latest AI Lego video marks a significant pivot. Instead of taunting the US military, it reflects a new chapter in which Tehran will seek peace by reaching out directly to the American people, bypassing the US government. It's a mirror image of the US strategy of the past… pic.twitter.com/wywq3DWsxZ — Trita Parsi (@tparsi) April 30, 2026

Trump’s call to reduce U.S. troops in Germany shocks Pentagon

Trump’s call to reduce U.S. troops in Germany shocks Pentagon

Politico reports: President Donald Trump’s announcement Wednesday that he was considering pulling some U.S. troops out of Germany stunned defense officials, who scrambled to figure out if the president was serious about following through on his threats this time. Trump’s social media post was the first that many had heard of a potential new push to take hundreds, if not thousands, of American troops out of Germany, according to three defense officials. It strongly contrasts a recently concluded monthslong review…

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Trump tells aides to prepare for an extended blockade of Iran

Trump tells aides to prepare for an extended blockade of Iran

The Wall Street Journal reports: President Trump has instructed aides to prepare for an extended blockade of Iran, U.S. officials said, targeting the regime’s coffers in a high-risk bid to compel a nuclear capitulation Tehran has long refused. In recent meetings, including a Monday discussion in the Situation Room, Trump opted to continue squeezing Iran’s economy and oil exports by preventing shipping to and from its ports. He assessed that his other options—resume bombing or walk away from the conflict—carried…

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Iran’s Revolutionary Guard seizes wartime power, weakening Supreme Leader’s role

Iran’s Revolutionary Guard seizes wartime power, weakening Supreme Leader’s role

Reuters reports: Two months into a war with the U.S. and Israel, Iran no longer has a single, undisputed clerical arbiter at the pinnacle of power — an abrupt break with the past that may be hardening Tehran’s stance as it weighs renewed talks with ​Washington. Since its creation in 1979, the Islamic Republic has revolved around a supreme leader with final authority on all key matters of state. But the killing of Ayatollah Ali Khamenei on the first day…

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‘There’s a day of reckoning coming’: Energy experts expect another spike at the pump

‘There’s a day of reckoning coming’: Energy experts expect another spike at the pump

Politico reports: Energy experts say another oil price spike is coming — and it may be made worse by the president’s social media posts. President Donald Trump has repeatedly spurred temporary dips in oil prices by claiming on Truth Social that the Iran war is near an end and that U.S. oil production would ensure sky high gas prices would soon retreat. The jawboning has mostly worked. Even as the global price of oil has crept up over $100 per…

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Middle East crisis could cost world $1 trillion while oil firms make ‘obscene’ profit, analysis finds

Middle East crisis could cost world $1 trillion while oil firms make ‘obscene’ profit, analysis finds

The Guardian reports: The Middle East oil and gas crunch will impose as much as a trillion dollars of additional costs on the global economy while petroleum companies rake in spectacular profits from elevated fuel prices, analysis has revealed. The uneven distribution of risk and reward comes amid rising concern that the US-Israeli attack on Iran is worsening inequality, poverty and hunger across a world that has become dangerously dependent on fossil fuels. Even if the strait of Hormuz swiftly…

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How the UAE’s decision to leave OPEC could recast the Middle East

How the UAE’s decision to leave OPEC could recast the Middle East

Patrick Wintour writes: The United Arab Emirates’ decision to walk out of Opec is a political as much as business decision, and will reignite the simmering rows between the UAE and Saudi Arabia – which had been covered up by their shared anger with Iran over its attacks on the Gulf states since the start of the US-Israel war on Tehran. In the short term, leaving the oil producing cartel it joined in 1967 gives the UAE the freedom to…

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Vance doubts Pentagon’s depiction of war in Iran. Germany’s chancellor says U.S. is being ‘humiliated’

Vance doubts Pentagon’s depiction of war in Iran. Germany’s chancellor says U.S. is being ‘humiliated’

The Atlantic reports: In closed-door meetings, J. D. Vance has repeatedly questioned the Defense Department’s depiction of the war in Iran and whether the Pentagon has understated what appears to be the drastic depletion of U.S. missile stockpiles. Two senior administration officials told us that the vice president has queried the accuracy of the information the Pentagon has provided about the war. He has also expressed his concerns about the availability of certain missile systems in discussions with President Trump,…

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So you want to negotiate with Iran …

So you want to negotiate with Iran …

Nahal Toosi writes: President Donald Trump recently dismissed claims he’s anxious to end the Iran war, insisting on Truth Social that he’s “possibly the least pressured person ever to be in this position” and has “all the time in the World.” If only. Trump and his aides could use some more time to think through what they want to accomplish in discussions with Tehran’s Islamist regime. The administration’s preparations for launching the war were … not great, and its negotiating…

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The U.S. started the war against Iran. The rest of the world is suffering the consequences

The U.S. started the war against Iran. The rest of the world is suffering the consequences

The New York Times reports: The fallout from two months of war in Iran is shuttering textile mills in India and Bangladesh, grounding airplanes in Ireland, Poland and Germany, and prompting energy rationing in Vietnam, South Korea and Thailand. The only country, it seems, that has been relatively spared from the economic chaos is the one that started the war: the United States. While warning signs of a recession are flashing across countries in Asia and Europe, the United States…

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We will all be paying for the Iran war for a very long time

We will all be paying for the Iran war for a very long time

Haider Ali Hussein Mullick writes: America’s spending on the war in Iran will far outlast active combat. The U.S. government has already made contracts and other commitments to repair damaged bases, field counter-drone platforms, feed and shelter thousands of troops and replenish munitions. Even if President Trump signs a deal ending the war tomorrow, we will harden bases in Bahrain, Qatar, Kuwait, the United Arab Emirates, Saudi Arabia and Turkey, by reinforcing aircraft shelters, building blast walls around fuel and…

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Mood in Russia turns bleak as war in Ukraine drags on and economy suffers

Mood in Russia turns bleak as war in Ukraine drags on and economy suffers

The Washington Post reports: President Vladimir Putin is facing rising discontent across Russian society as the war against Ukraine drags on, the economy flounders and public dissatisfaction mounts over government restrictions on internet access. Russia’s biggest state-owned pollster, the Russian Public Opinion Research Center, on Friday recorded that Putin’s approval rating fell to 65.6 percent, its lowest level since before the beginning of the war and a drop of 12.2 percentage points since the start of the year. Gauging genuine…

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Ukraine has picked up the torch that America dropped

Ukraine has picked up the torch that America dropped

David French writes: A remarkable thing has happened on the world’s battlefields. Ukraine — a nation that was supposed to dissolve within days of a Russian invasion — has fought Russia to a stalemate, revolutionizing land warfare in the process. It has become an indispensable security partner in the western alliance, including in the war against Iran. Now, Volodymyr Zelensky, Ukraine’s president, is taking the next step, one that would have been unthinkable even as recently as 2024. By word…

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The billion-barrel Hormuz oil shock is about to crash demand

The billion-barrel Hormuz oil shock is about to crash demand

Bloomberg reports: The Strait of Hormuz oil shock has yet to crash demand as the rich world borrows from its stocks and pays up to secure supply. Traders are now sounding the alarm that a harsh adjustment is coming. The longer the vital oil channel doesn’t reopen, traders say, the more consumption is going to have to recalibrate lower to align with supply that’s dropped at least 10%. And for that to happen, people will have buy less, either through…

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Iran caused significantly more damage to U.S. military bases than publicly acknowledged

Iran caused significantly more damage to U.S. military bases than publicly acknowledged

Defence Security Asia reports: The emerging picture of Iranian retaliation against American military bases across the Gulf suggests that the real military cost of Operation Epic Fury may be significantly higher than Washington has publicly acknowledged, with infrastructure damage, aircraft losses, and operational disruption now measured in billions of dollars. Multiple U.S. officials, congressional aides, and individuals familiar with classified damage assessments indicate that Iranian strikes hit dozens of targets across at least seven countries in the Middle East, challenging…

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