US Defence Secretary Pete Hegseth faced his first congressional grilling from Democrats since the United States went to war with Iran, a conflict that has so far cost $25 billion. Lawmakers pressed Hegseth directly on the decision to engage militarily, making the hearing one of the first formal opportunities for opposition members to challenge the administration's war rationale on the record. Hegseth pushed back hard, calling Democratic criticism "reckless, feckless and defeatist." He offered no ground on the administration's position. The exchange signals that the $25 billion price tag and the broader strategic case for the Iran war will become central political battlegrounds in Congress. Defence spending at that scale, in a short period, raises questions about supplemental budget requests, Pentagon resource allocation, and the long-term fiscal path of the conflict. Observers should watch for formal budget requests, further congressional hearings, and any shift in Democratic strategy to use spending oversight as leverage against the administration's war policy.
Iranian armed forces attacked a cargo ship in the Strait of Hormuz on Thursday, briefly halting traffic through the waterway. The strike threatens a fragile US-Iran arrangement and could push shipping insurance costs and oil prices higher.
The US has struck Iran, with President Trump citing an Iranian attack on a ship in the Strait of Hormuz as justification. The action raises immediate risks for global oil flows through one of the world's most critical shipping chokepoints.
The US struck ten Iranian targets on the second consecutive day of military action, putting a fragile ceasefire under serious pressure. The escalation raises immediate risks for Gulf shipping, global oil supply, and regional stability.
Venezuela's twin earthquakes, magnitudes 7.2 and 7.5, have killed at least 164 people and injured 971, interim president Delcy Rodriguez confirmed Thursday. The quakes are the country's strongest since 1900, collapsing buildings across Caracas and prompting a state of emergency, with the death toll expected to rise as