Iran said it had offered a new proposal to the U.S. to end the war, as the Strait of Hormuz standoff sends costs soaring around the world.

The president may be ‘trying to look relaxed’, but upcoming midterms and rising oil prices are ramping up pressure

The Pentagon estimates the war has cost $25 billion over the past two months. In congressional testimony, Defense Secretary Pete Hegseth did not say when the war might end.

U.S. goals haven’t been met, but the war will cause long-term disruptions.

Iran’s 90 million people have been cut off from the global internet for most of 2026, one of the world’s longest and strictest national shutdowns.

For two months, the economic narrative about the Iran war boiled down to this: Oil and gas prices are really high, exacerbating an affordability problem that could send America’s economy into the toilet.

Iran has reportedly sent its latest proposal for negotiations with the United States to Pakistani mediators. Meanwhile, the US President Donald Trump has said that no one knows the status of talks with Iran aside from himself and a handful of others.

A poll found the Iran war is as unpopular as the Iraq and Vietnam wars. The war with Iran reached a War Powers Act deadline. Trump officials bulldozed an ancient tribal site to expand the border wall.