The Latest Breaking News from Iran

Trump apparently couldn’t care less what the Iran war did to your wallet — and he’s eyeing round 2

Inflation at an all-time high and he's thinking about the next airstrike.

We Got This Covered · May 16

Trump ‘doesn’t care’ about midterm results and is resigning himself to Republican losses: report

Democrats are predicted to retake the House in 2026 midterms but major legal decisions on voting maps could boost the GOP

The Independent UK · May 16

Oil markets could be a month away from the moment of truth. Brace for a 'non-linear' price spike and panic buying, analysts warn

Oil prices could top $130-$140 a barrel next month if the strait remains closed and inventory depletion rates remain steady, according to Capital Economics.

Fortune · May 16

Suezmax tanker with Iraqi crude reaches India after Hormuz transit

An Iraqi crude oil tanker is heading towards India after navigating the Strait of Hormuz. Commercial ship movements through the vital waterway are still low. This comes as the conflict enters its twelfth week. Iran has not eased its blockade of Hormuz. The tanker Karolos was seen sailing away from…

The Economic Times · May 16

Trumpiana: Bear in China shop!

Donald Trump visited China, praising Xi Jinping while Xi alluded to America's decline and the "Thucydides Trap." Despite claims of trade breakthroughs, no concrete agreements were announced. Trump also continued his social media attacks and focused on domestic projects, while a satirical art installation mocked his approach to the Iran…

The Times of India · May 16

The Bond Market Is Flashing a Warning — And a Former Biden National Security Adviser Says Americans Could Get Hit Twice

Daleep Singh, former Biden National Security Adviser and current chief economist at PGIM, warns the bond market is flashing a serious danger signal as oil prices above $100 drive inflation fears and push the 10-year Treasury yield toward 5%. He warns the end game could be financial repression.

International Business Times · May 16

Trump returns from China with little progress on reopening Hormuz

Iran says passage through the Strait of Hormuz will return to normal once security is restored. US President Donald Trump seeks to reopen the critical waterway after talks with China. Iran insists on maintaining control. Disruptions have caused oil prices to surge. The US has imposed sanctions on Iran's oil…

The Economic Times · May 16

Trump says Xi agrees Iran must open strait, but no sign China will weigh in

President Donald Trump claims China's Xi Jinping agreed Iran must reopen the Strait of Hormuz. Iran effectively shut the vital waterway after U.S. and Israeli attacks. This has caused a major oil supply crisis and pushed up prices. Tehran insists it will not unblock the strait until the U.S. ends…

The Economic Times · May 16

USS Ford returns home after 11-month deployment supporting the Iran war and Maduro's capture

The USS Gerald R

The Independent UK · May 16

‘We had no idea this was coming’: Pentagon left scrambling to find solutions after Pete Hegseth decides to abandon ‘model ally’ at the last minute

It was meant to be a month-long rotation.

We Got This Covered · May 16