Oil Jumps and Global Stocks Slide as Trump Casts Doubt on Iran Ceasefire
Global markets turned sharply uneasy after President Donald Trump cast doubt on the temporary truce in the war with Iran, sending oil prices higher and stock indexes lower as investors recalculated the risk of a wider conflict and renewed inflation pressure. The move came after Trump said the ceasefire was “over,” though he later softened […]
High Court Clears Way for Trump to Strip Temporary Protections From Haitians and Syrians
The U.S. Supreme Court has allowed the Trump administration to end temporary protected status, or TPS, for migrants from Haiti and Syria, a major immigration ruling that could expose hundreds of thousands of people to deportation and deepen legal and political conflict over humanitarian protections. The Court’s ruling was 6-3, overturning lower-court orders that had […]
Senate Republicans Reverse Course on Iran War Powers After Trump’s Pressure Campaign
Senate Republicans blocked a new war powers resolution aimed at limiting President Donald Trump’s authority in the Iran conflict, a dramatic reversal that came just hours after Trump personally berated GOP senators at a closed-door Capitol meeting. The late-night vote ended 47-50-1, with Republicans defeating the measure after a nearly identical resolution had passed the […]
Trump’s Iran Deal Faces Skepticism on Capitol Hill as Senators Demand Details
President Donald Trump’s newly announced Iran deal is facing immediate scrutiny in Congress, where lawmakers from both parties say they still lack basic details about what the administration has actually agreed to. The deal was greeted with skepticism on Capitol Hill, even among some Republicans, because senators returned to Washington with only a broad outline […]
Iranian Drones Hit Kuwait Airport, Killing One and Testing Fragile Ceasefire
Kuwait says Iranian drones struck its main airport, killing one person, wounding dozens and briefly shutting down air operations, in another dangerous test of the fragile ceasefire between Iran and the United States. The attack heavily damaged a passenger terminal at Kuwait International Airport and showed that Gulf countries once seen as safer havens are […]
JPMorgan Warns U.S. Economy May Lose Its “Goldilocks” Moment as Oil Fuels Inflation
JPMorgan economists are warning that the U.S. and global economy may be moving away from the best-case “Goldilocks” scenario investors had hoped for in 2026. That scenario — where inflation cools while growth remains strong — now looks increasingly unlikely. The bank says the Iran war and the related surge in oil prices are likely […]
Trump Delays Planned Iran Strike as Gulf Allies Push for New Negotiations
President Donald Trump said he is postponing a planned military strike on Iran that had been scheduled for Tuesday, saying several U.S. allies in the Middle East asked him to hold off because “serious negotiations” are underway. Trump announced the decision Monday 18 April on social media, framing the delay as temporary but saying he […]
Iran Ceasefire Nears Collapse After Exchange of Fire in Strait of Hormuz
The fragile ceasefire between the United States and Iran is under serious pressure after both sides exchanged fire around the Strait of Hormuz, raising fears the conflict could return to open fighting. Diplomatic efforts were still continuing, but recent clashes in and around the contested waterway have sharply increased doubts about whether the truce can […]
Rising Gas Prices Hit Poorer Americans Hardest and Deepen the Wealth Divide
Rising gasoline prices are widening the economic gap between wealthy and lower-income Americans, according to research from the Federal Reserve Bank of New York. The study found that the latest gas price spike, driven by the conflict involving Iran and disruptions in global energy markets, is affecting households very differently depending on income. While wealthier […]
Tensions Surge in Hormuz as U.S. Moves to Escort Ships and Iran Pushes Back
A dangerous escalation is unfolding in the Strait of Hormuz, one of the world’s most critical shipping routes, as the United States and Iran clash over control of maritime access during an already fragile regional conflict. The situation has intensified following a U.S. initiative aimed at reopening the waterway, which Iran has effectively restricted amid […]
