Iran, Trump and Oil
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Iran war has cost $25B
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Iran’s currency has fallen in recent days to a fresh record low, in a sign the US’s naval blockade is squeezing the Islamic Republic’s economy.
Defense Secretary Pete Hegseth faced nearly six hours of questioning Wednesday from House lawmakers for the first time since President Donald Trump’s administration launched the war against
Pete Hegseth and Chairman of the Joint Chiefs of Staff Dan Caine are testifying before lawmakers about the Pentagon's ask for $1.5tn (£1.1tn).
Increasing numbers of so-called clean tankers that transport fuels like diesel and gasoline are becoming dirty crude carriers as the impact of the war in Iran make switching more profitable.
The development raises further questions about the extent of Iran's participation in the North America-hosted 2026 World Cup
Sanctioned tankers are allegedly disguising Iranian oil shipments as Iraqi cargo while Trump doubles down on the naval blockade to squeeze Tehran.