Free Republic

The world is getting more uptight about lending money to President Donald Trump’s government — causing interest rates to climb in ways that are worsening affordability pressures, hampering economic growth and creating a new risk for Republicans in November’s midterm elections. The energy price spike triggered by the Iran war has seeped into the price of bonds that help fund the U.S. government. Interest rates on a 10-year U.S. Treasury note are topping 4.44%, up from 3.95% before the war started at the end of February. Average mortgage rates have climbed to their highest levels in nine months, while auto...

President Trump likes his military and diplomatic victories quick, clean and decisive. (snip) But now, Mr. Trump has hit the stalemate phase of his presidency. The war with Iran is clearly at that stage. When he declared a cease-fire on April 7, Mr. Trump said on social media that the end of combat operations would be conditional on “the COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz.” It wasn’t. Even if commerce now resumes across the strait under a memorandum of understanding still under negotiation, it will still leave the future of Iran’s nuclear and missile programs exactly...

The Trump administration has quietly instructed federal prosecutors in Miami to avoid pursuing criminal investigations into Venezuela’s acting President Delcy Rodríguez, a longtime target of the U.S. Drug Enforcement Administration, according to current and former U.S. law enforcement officials, in the latest sign of warming relations between the White House and the oil-rich nation. It’s unclear whether prosecutors had implicated Rodríguez in any crimes or whether investigators were moving toward an indictment. A Justice Department spokesperson said in an email “there was never an investigation into her to shut down.” But DEA records obtained by The Associated Press earlier this...

Ukraine signed a defense cooperation pact with Saudi Arabia on Friday, as Gulf countries look to Kyiv for assistance on defending against drone attacks from Iran. President Volodymyr Zelenskyy signed the agreement with senior Saudi officials during his two-day visit to Riyadh. The accord "lays the foundation for future contracts, technological cooperation, and investment. It also strengthens Ukraine’s international role as a security donor," Zelenskyy announced Friday morning. "We are ready to share our expertise and systems with Saudi Arabia and to work together to strengthen the protection of lives. Now into the fifth year, Ukrainians are resisting the same...

Vladimir Putin is facing mutiny from his biggest war Ukraine backers amid fears of an impending coup. An unprecedented wave of defeatism over the war has gripped the “toxic” Kremlin dictator’s most ardent supporters. This follows a wave of crippling Ukrainian drone and missile strikes which have paralysed Putin’s oil exports and savaged his key military factories. Russian gains on the frontline have ground to a virtual halt, with some reversals, amid catastrophic losses of 8,000 or more soldiers a week.

Qatar and Ukraine have signed a defence agreement seeking joint expertise on countering threats from missiles and drones, according to Qatar’s Ministry of Defence, as Iran continues attacking its Gulf neighbours. The agreement was made on Saturday during Ukrainian President Volodymyr Zelenskyy’s visit to Doha, following his stop in the UAE earlier in the day. Earlier on Saturday, Zelenskyy said Ukraine and the United Arab Emirates had also agreed to cooperate on defence, a day after signing a deal with Saudi Arabia during his visit to the kingdom on Thursday.