Trump threatens to reduce US military presence in Germany, Italy, and Spain amid growing disagreement with European allies over the Iran war, shocking Pentagon officials.
The Trump administration officially declares its military operations against Iran have been ’terminated,’ ending months of conflict before the 60-day war authorization expires.
The CEO of Yara, one of the world’s largest fertiliser producers, warns that disruption to fertiliser supplies due to the Iran conflict could cost up to 10 billion meals per week, with poorest countries hit hardest.
Brent crude surged past $126 a barrel — the highest since 2022 — after reports the US military is preparing new strike options against Iran. The ongoing closure of the Strait of Hormuz continues to disrupt global energy supplies.
U.S. officials reveal the Iran war’s true cost is closer to $50 billion, roughly double the Pentagon’s public estimate of $25 billion, as oil prices surge to a four-year high.
Brent crude briefly surged above $126 per barrel, the highest since 2022, after reports the US military will brief Trump on new strike options against Iran.
Brent crude surged to over $126 a barrel, the highest since Russia’s 2022 invasion of Ukraine, after reports the US military will brief Trump on new plans for potential strikes on Iran.
International oil prices briefly exceeded $126 per barrel, the highest level since 2022, driven by escalating US-Iran tensions and concerns over the Strait of Hormuz.
Brent crude briefly surged above $126 a barrel, the highest since 2022. Axios reports that US Central Command has prepared plans for ‘short and powerful’ strikes on Iran as peace talks stall and the Strait of Hormuz remains effectively closed.
Brent crude surges past $126 per barrel to a four-year high as US-Iran tensions escalate; Pentagon estimates Iran war cost at $25 billion.