Iran, Oil and Strait of Hormuz
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3 more Republicans back Iran war powers resolution
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WASHINGTON — For a third time, the U.S. House has voted to end the war in Iran, approving a war powers resolution that would halt President Trump’s ability to continue military action without congressional approval.
A US Defence Department report has confirmed strategic ammunition shortfalls following the military campaign against Iran. The Pentagon said the war has exposed production bottlenecks, with $22.3 billion spent on munitions between February 28 and June 30.
Despite pressure mounting for a clear way out of the war, meaningful negotiations between the U.S. and Iran remain stalled. Here’s what each side has said regarding the status of peace talks, and how experts predict Iranian officials could use the Houthis’ disruption in the Red Sea to their benefit.
For a third time, the US House approved a war powers resolution, halting Trump's ability to continue military action.
The Congressional Budget Office reports the Iran war has cost $38 billion so far, with further monthly expenses projected at $3 billion, contributing to higher gas prices and inflation.
Hogere energieprijzen als gevolg van het conflict zullen naar verwachting opwaartse druk uitoefenen op de consumentenprijzen en de inflatie volgend jaar aanjagen.
High energy costs at the pump and strategic setback for US in the Iran war will likely cost Trump in the midterms.
Damaging budget report estimates cost would grow $3bn per month and stockpile could take five years to rebuild
West Asia conflict escalates as Houthis attack Saudi cities, injuring 13 civilians, while their Yemen advance continues. Gulf states postpone Iran talks on reopening Strait of Hormuz, raising fresh concerns over oil supplies and regional stability.