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Two container ships near the strait of Hormuz have ⁠sunk after being struck by missiles, amid the sharpest rise in Iranian attacks on shipping since the start of the US-Israel war with Iran. The increase in attacks suggests Iran is trying to fully close the strategic waterway in an attempt to frustrate Donald Trump’s efforts to bring down fuel prices before the US midterm elections on 3 November. The Trump administration has been attempting to deflect attention from the economic impact of the war on Iran by blaming Ukraine’s attacks on Russian refineries for increased fuel prices.

Some Iranian leadership is being surprisingly honest about the dire state of the country’s economy, with one of the most senior security officials in Tehran warning that the Islamic Republic is going through one of the most difficult periods in its history.Mohsen Rezaei, secretary of Iran’s Supreme National Security Council, delivered the assessment during a high-level government meeting on Saturday, October 3, attended by President Masoud Pezeshkian and senior ministers.Iranian state media did not publish Rezaei’s comments in full, but said the security chief described the country’s current economic circumstances as among the most difficult it has ever faced.

Iran’s worsening economic crisis has opened an increasingly bitter argument over who is responsible, as the government points to outside pressure and market psychology while hardliners accuse Tehran’s own economic officials of making the situation worse. On Thursday, the end of Iran’s market week, the rial fell to another record low. Year-on-year inflation has reached almost 90 percent, with food prices rising even faster. The deterioration comes as US sanctions and a naval blockade squeeze Iran’s sources of revenue. The blockade has severely constrained oil exports, while Washington on Thursday expanded sanctions into the automotive and rail sectors, targeting some...

US forces leave country where 4,500 of them died in worst US war of 21st century BAGHDAD, Sept 29 (Reuters) - US forces are set to pull out from their last bases in Iraq by Wednesday, a departure celebrated as a victory by Iran and its allies ​who now have deep influence in the country where 4,500 Americans died during more than two decades of war. Iraqi security experts say the withdrawal — agreed in 2024 under President Joe Biden and carried ‌out by Donald Trump's administration even as it wages war against Iran — could give Tehran and its...

No one would claim that the Iran War has been a political godsend for President Donald Trump and the Republican Party. But some Israel-First conservatives are willing to say—and lately have been incessantly saying—that the Iran War hasn’t been a political scourge. Those Israel-First conservatives are wrong, even if the devil is, at least partly, hidden in the details. The Iran War has damaged Trump’s approval ratings, consumed his presidency, and darkened the GOP’s prospects in the upcoming midterm elections. A chief proponent of the argument that Trump hasn’t suffered all that much from the Iran War is Ben Shapiro...

Defying Iran and heading through the Strait of Hormuz is a gamble. But like all the best gambles, it is a lucrative one, so crews are inclined to fancy their odds. To counter the high insurance costs for buyers, countries such as Iraq and Qatar have been offering crude oil at steep discounts. “People just assume one ship in 12 or one ship in 15 is going to get hit by an Iranian drone, but you make enough money on the rest of them,” said Rory Johnston, founder of the market research firm Commodity Context.

President Donald Trump proclaimed on Tuesday that talks with Iran were not happening, a direct contradiction to his own son-in-law and top negotiator Jared Kushner, who said a day earlier that the negotiations were ongoing. “There are no talks or conversations going on, or scheduled, with the Islamic Republic of Iran,” the president posted to Truth Social on Tuesday. “The Naval Blockade remains in full force and effect. The Hormuz Strait is open and operating. All water mines have been removed or detonated. Thank you for your attention to this matter!” But Trump’s post may have been news to Kushner,...

President Donald Trump's war against Iran is stretching the limits of U.S. aircraft carriers and leaving the western Pacific without one of the key American warships as China shows more signs of aggression. The USS George Washington is departing the Pacific and expected to replace the USS Abraham Lincoln in the Middle East amid growing concerns about mental health and supply issues aboard the long-deployed carrier. *** .*** The administration says that the Pacific is supposed to be the most important behind the Western Hemisphere,” said Greg Poling, director of the Southeast Asia Program***. Instead, the U.S. is "doing the...

President Donald Trump on Wednesday boasted the U.S. has “total control” of the Strait of Hormuz, despite what the “FAKE NEWS” may report to the contrary, before praising Allah for the nation’s stranglehold on the critical shipping passage. “I THINK WE WILL KEEP IT!” Trump posted on Truth Social. “Our Naval Blockade is being called, by everyone, ‘A WALL OF STEEL,’ and there is nothing Iran can do about it.” The president repeated claims that Iran’s military had been decimated: "They have no Navy, they have no Air Force, their remaining soldiers are unpaid, the IRGC is decimated and fleeing,...

Oil prices jumped about 5% Monday as doubt grew that the U.S. and Iran will reach a deal to increase ship traffic through the Strait of Hormuz. U.S. West Texas Intermediate futures climbed about 5% to close at $82.13 per barrel. Brent crude , the international benchmark, also settled around 5% higher at $87.72 a barrel. President Donald Trump told Axios on Sunday that the U.S. is “only semi-negotiating” with Iran, after he insisted last week that Washington and Tehran were in fact holding talks. Trump indicated that he would rely on the U.S. naval blockade to pressure Tehran rather...

President Trump on Monday blasted Iran’s leadership as “unbelievably duplicitous,” accusing Tehran of privately pursuing peace talks with the US while publicly denying any negotiations were taking place days after he called off a massive military campaign planned for the weekend.In a Truth Social post, Trump claimed Iranian officials had sought a meeting with the US before turning around and insisting they were only in talks with Oman over plans for the Strait of Hormuz. “They ask for a meeting, some would say ‘beg,’ talks begin, with more scheduled in the immediate future, and they say, openly and proudly, that...

The Iranian government flat-out rejected President Trump’s claim that new negotiations were due to get underway later Monday, with officials stating that no talks were taking place or scheduled.Trump, 80, told reporters en route to Washington Sunday night that he had called off a planned “massive attack” on Iran at the request of US partners in the region — including Saudi Arabia, the United Arab Emirates, and Qatar.“They thought that a deal is imminent,” said the president, later adding: “Now what we’re doing is talking to them [Iran], in the form of a ​negotiation. It begins tomorrow afternoon.” Iran Foreign...

President Trump halted new US strikes on Iran as he weighs whether Tehran is ready to cut a deal — while a wider regional war appears to be spreading into another critical shipping corridor. After 13 consecutive days of attacks, Trump instructed the US military to pause any additional strikes against Iran Friday, Axios reported Saturday, which cited two people familiar with the decision. But the president has made clear that the temporary halt does not mean Washington is backing down. In a brief phone interview with France’s LCI news, Trump said he was still prepared to restart a major...

Vice President JD Vance and Chairman of the Joint Chiefs of Staff Gen. Dan Caine both raised concerns about escalating the war in Iran as President Donald Trump weighed the possibility during a White House meeting on Friday, a source familiar with the matter and a US official told CNN. On Friday night, the US appeared to pause its bombing campaign on Iran after nearly two weeks of consecutive nights of strikes. Operations are “on a hold,” a Department of Defense source told CNN on Saturday. On Friday, Caine specifically raised concerns about the US munitions stockpile and other potential...

A week after Iran killed American troops in Jordan, crossing President Donald Trump's red line for restarting all-out war, the U.S. military didn't launch airstrikes on the regime.Friday came and went without an announcement from U.S. Central Command about a new attack, breaking a nearly two-week streak.Sources told Axios that Trump received plans from the military yesterday to conduct strikes in Iran but didn't give a green light and instead ordered them to hold off.U.S. forces are still preparing for major combat operations to potentially resume, but Trump hasn't issued orders to move in that direction, the report added.The White...

Yemen's Houthi rebels claim to have attacked the port city of Jazan, Saudi Arabia with ballistic missiles. Saudi authorities have not confirmed the strike, but a Saudi civil defense alert was issued for Jazan on early Saturday and bystander videos purporting to show fire damage are circulating on social media. NASA FIRMS fire monitoring data shows five substantial thermal anomalies - infrared signatures not present in previous time periods - located in the eastern half of the Jazan refinery, all within the last 3-6 hours. FIRMS infrared detections may stem from natural or routine events, like flaring, but the new...

ISTANBUL—The conflict between the U.S. and Iran is escalating just as the two warring parties are running up against the limits of what they can achieve through military force.The conflict widened this week after Iranian-allied militants in Yemen began striking ships transiting a key Red Sea chokepoint, helping drive oil prices above $100 a barrel for the first time in two months on Thursday.The U.S., meanwhile, has escalated its bombing campaign in Iran in recent days, striking throughout the country during the most intense period of fighting since President Trump and Israel began bombing Iran in late February.Trump and other...