Trump

US has spent $12bn on Iran war, White House economic chief says, as Pentagon signals escalation Kevin Hassett gives latest cost since Feb. 28 joint US-Israel strikes; Defense Secretary Pete Hegseth says bombing of Iran is “about to surge dramatically” Standfirst: The Trump administration faces growing questions over the war’s price tag and purpose. Markets remain on edge over possible Strait of Hormuz disruptions, while Senate Democrats warn of “mission creep.” The United States has spent $12bn on its war against Iran since…

Oil prices climb past $106 as Hormuz standstill chokes global energy flows Oil prices extended gains at the start of the week as markets saw little prospect of a swift end to the effective closure of the Strait of Hormuz, a chokepoint that typically carries about one-fifth of the world’s oil. Brent crude, the global benchmark, rose as much as 3% on Sunday to top $106 a barrel before easing slightly. It traded at $104.63 as of 04:30 GMT Monday, up nearly 1.5%. Brent crude: $104.63 at 04:30 GMT, after briefly topping $106…

Former U.S. President Donald Trump claimed that Iran is seeking talks with the United States but added that the country’s leaders are “all dead,” a remark that left unclear who he was referring to or what prompted the comment. Trump did not provide details to substantiate the assertion. It was not immediately clear whether he meant specific figures within Iran’s political or security establishment or was speaking hyperbolically. No official response from Tehran was immediately available, and there was no public indication…

Japan and Australia said they are not planning to send naval vessels to escort commercial ships through the Strait of Hormuz after President Donald Trump called on allies to help reopen the vital waterway amid the U.S.-Israeli war on Iran. Trump, arguing that countries dependent on Gulf oil have a responsibility to protect the corridor through which about 20 percent of the world’s energy flows, said his administration has contacted seven nations to form a maritime coalition. He did not identify them, though over the weekend…

Gas prices, that unforgiving economic billboard on every American street corner, have turned against the White House. Two weeks after President Donald Trump touted falling costs at the pump in his State of the Union address, the national average climbed to $3.60 per gallon — up 23% in a month — and his approval rating on the economy hit a new low. For a presidency built on the promise of putting more money in people’s pockets, the glow from those red digits is politically scorching. Few in Washington understand the power of…

President Donald Trump threatened further U.S. strikes on Iran’s Kharg Island oil export hub and urged allies to deploy warships to secure the Strait of Hormuz, as Tehran vowed to intensify its response and the war showed no sign of abating. Trump said U.S. strikes had “totally demolished” most of Kharg Island and warned “we may hit it a few more times just for fun,” in an interview with NBC News. He added that Iran appeared ready to make a deal to end the conflict, but said “the terms aren’t good enough yet.” The appeal to…

Judge halts Trump move to end TPS for Somalis days before deadline BOSTON — A federal judge on Friday temporarily blocked the Trump administration from ending Temporary Protected Status for Somali immigrants just days before the program was set to lapse, preserving work authorization and deportation protections for nearly 1,100 people while a lawsuit proceeds. U.S. District Judge Allison Burroughs issued an administrative stay of the Department of Homeland Security’s March 17 termination date for Somalia’s TPS designation,…

President Donald Trump threatened new strikes on Iran’s Kharg Island oil hub unless Tehran halts attacks on vessels in the Strait of Hormuz, a warning that raised the stakes for global shipping and oil prices amid a war already disrupting energy supplies. Trump coupled the ultimatum with a social media post saying the United States had “totally obliterated” military targets on Kharg, which handles roughly 90% of Iran’s crude exports and sits about 483 kilometers northwest of the strait. He said U.S. strikes did not hit oil…

U.S. strikes hit military targets on Iran’s Kharg Island, President Donald Trump said, warning he will consider targeting the country’s oil infrastructure if Iran continues to threaten shipping through the Strait of Hormuz, the chokepoint for a fifth of the world’s crude. Trump said in a social media post the U.S. military “totally obliterated every MILITARY target” on Kharg Island while leaving oil facilities intact. He added that if Iran, or “anyone else,” interferes with the “Free and Safe Passage of Ships” in the strait,…

Trump’s matching-shoes push reaches his Cabinet; Rubio photographed in pair appearing too big Florsheim Oxfords reportedly gifted by the president become an unofficial uniform inside the West Wing WASHINGTON — One day after The Wall Street Journal reported that President Donald Trump has been urging his presidential Cabinet to wear the same style of Florsheim dress shoes, Secretary of State Marco Rubio was photographed Tuesday in a pair that appeared to be roughly two sizes too large. The $145 Florsheim Oxfords — a classic,…