The United States and Europe were at odds over the Trump administration’s decision to ease oil sanctions on Russia.
Category: Iran-Israel War (2025- )
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Trump’s Approval Sinks Amid Unpopular War, Darkening G.O.P. Prospects
The New York Times – Business:With the midterms nearing, President Trump’s approval rating has hit a second-term low as voters question his handling of the economy, according to the latest New York Times/Siena poll.
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War in Iran Reveals Strait of Hormuz’s Weakness as an Oil Bottleneck
The New York Times – Business:But at just 35 miles wide, it did. It’s just the latest evidence of how dependent the global economy is on a handful of choke points.
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Fed Official Urges Caution on Rate Cuts as Iran War Drags On
The New York Times – Business:Christopher J. Waller, a Federal Reserve governor, said he would support rate cuts later this year if the labor market continued to weaken.
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Oil Prices Keep Climbing on Heightened Fears Over Energy Supplies
The New York Times – Business:Attacks on major energy facilities in Iran and Qatar injected new uncertainty into the outlook for oil and gas prices.
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How Trump and His Advisers Miscalculated Iran’s Response to War
The New York Times – Business:In the lead-up to the U.S.-Israeli attack, President Trump downplayed the risks to the energy markets as a short-term concern that should not overshadow the mission to decapitate the Iranian regime.
