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President Trump ordered a third straight night of U.S. strikes on Iran and reinstated a naval blockade of Iranian ports, while proposing new fees for ships transiting the Strait of Hormuz. The moves combine military and economic pressure on Iran and raise immediate risks for global oil prices.
The US struck Iran for a third consecutive night, hitting coastal missile and maritime sites, while Iran's IRGC fired missiles and drones at US military facilities in Bahrain and Jordan. Trump reimposed a blockade on Iranian ports and announced a 20 percent cargo fee on the Strait of Hormuz, effective Tuesday evening.
Saudi Arabia denied the U.S. airspace access needed for a plan targeting the Strait of Hormuz, forcing President Trump to abandon it. The rare pushback from a close Gulf ally signals that Riyadh is setting limits on how far it will follow Washington's unpredictable Iran strategy.
Michael Burry, known for his 2008 housing market short, claimed Trump's Iran-related war decisions are driven by something other than foreign policy. The statement, unaccompanied by specifics, drew attention given Burry's market influence and the sensitivity of U.S.-Iran tensions to energy and defense sectors.
Tag
President Trump ordered a third straight night of U.S. strikes on Iran and reinstated a naval blockade of Iranian ports, while proposing new fees for ships transiting the Strait of Hormuz. The moves combine military and economic pressure on Iran and raise immediate risks for global oil prices.
1mo ago · 3 min · Global Affairs
The US struck Iran for a third consecutive night, hitting coastal missile and maritime sites, while Iran's IRGC fired missiles and drones at US military facilities in Bahrain and Jordan. Trump reimposed a blockade on Iranian ports and announced a 20 percent cargo fee on the Strait of Hormuz, effective Tuesday evening.
1mo ago · 4 min · Global Affairs
Saudi Arabia denied the U.S. airspace access needed for a plan targeting the Strait of Hormuz, forcing President Trump to abandon it. The rare pushback from a close Gulf ally signals that Riyadh is setting limits on how far it will follow Washington's unpredictable Iran strategy.
3mo ago · 2 min · Global Affairs
Michael Burry, known for his 2008 housing market short, claimed Trump's Iran-related war decisions are driven by something other than foreign policy. The statement, unaccompanied by specifics, drew attention given Burry's market influence and the sensitivity of U.S.-Iran tensions to energy and defense sectors.
4mo ago · 1 min · Global Affairs
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