Why Reopening the Strait of Hormuz Matters for the U.S. Economy
The interconnectedness of global energy markets means that the effects of Iran’s blockade of the waterway are not limited to countries directly dependent on oil from the Middle East.
More results...
The interconnectedness of global energy markets means that the effects of Iran’s blockade of the waterway are not limited to countries directly dependent on oil from the Middle East.
In an interview with The Telegraph, a British newspaper, President Trump said that he was considering pulling the United States out of NATO alliance over the war in Iran.
Threatening to pull out of NATO, President Trump portrayed the alliance as a “paper tiger” and said Europe was on its own in trying to secure the Strait of Hormuz.
The Pentagon is in talks with Denmark for access to three more areas on the Arctic island. Several Greenlanders said they didn’t like the idea.
The White House said the president would address the nation about Iran on Wednesday evening.
Defense Secretary Pete Hegseth and Gen. Dan Caine, the chairman of the Joint Chiefs of Staff, took questions from reporters for the first time in nearly two weeks.
Iran continued to retaliate across the region on Tuesday but markets saw hopes that fighting might ebb. Israel said it would occupy a large chunk of Lebanon even after the war ends.
President Trump and his aides have made contradictory statements on whether the United States and Israel have transformed the Iranian government through violence.
The Justice Department is examining Gustavo Petro for possible ties to drug traffickers. U.S. officials have told him that for now he does not face criminal charges arising from the probes.
President Trump has fired criticism at America’s longtime ally over the war in Iran, but there are hopes that the royal visit will help shore up relations.