Free Republic

President Trump lashed out at Israeli Prime Minister Benjamin Netanyahu over Israel's escalation in Lebanon in an expletive-laden call on Monday, two U.S. officials and a third source briefed on the call told Axios. Why it matters: Earlier on Monday, Iran threatened to abandon the negotiations with the U.S. over Israel's actions in Lebanon. On the call, Trump called Netanyahu "crazy" and accused him of ingratitude, according to two of the sources. He also put the brakes on Israel's plan to strike Beirut. Behind the scenes: One U.S. official said Trump told Netanyahu that following through on his threats to...

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...

Surging gas prices have hit American drivers hard — but some much harder than others. For households in the bottom quarter of the income distribution — those earning roughly $40,000 a year or less — commuting fuel costs now consume an average of about 4 percent of their income, according to a Washington Post analysis. For households in the top quarter, earning $100,000 or more, the same costs amount to less than 1 percent. The gap has widened since March, as the U.S. war on Iran escalated and oil shipments through the Strait of Hormuz stalled, with implications for global...