Current News
Latest reports and analysis on the Iran-USA conflict and its impact on American society, economy, and daily life.
U.S. and Iran Agree to Two-Week Ceasefire; Tehran Pledges to Reopen Strait of Hormuz as Oil Prices Plunge
After 39 days of conflict, the United States and Iran agreed Tuesday to a provisional two-week ceasefire, with Tehran pledging to permit controlled commercial transit through the Strait of Hormuz — triggering an immediate plunge in oil prices and a surge in American stock futures that offered the first sustained economic relief since Operation Epic Fury began.
Trump Threatens to Bomb Iran's Power Grid, Sending Oil Surging and Markets Into Retreat
President Trump issued his most explosive threat yet against Iran on Easter Sunday, vowing to strike the country's civilian power infrastructure if the Strait of Hormuz is not reopened by Tuesday — a warning that sent oil prices sharply higher, rattled stock futures, and arrived alongside unconfirmed reports that international mediators had presented both sides with a ceasefire framework.
Iran Strikes Prince Sultan Air Base, Wounding 15 U.S. Troops and Destroying American Aircraft
Iranian ballistic missiles struck Prince Sultan Air Base in Saudi Arabia on Saturday, wounding at least 15 American service members and destroying multiple U.S. Air Force aircraft in one of the most direct and damaging attacks on American military assets since the war began.
Goldman Sachs: Iran War Is Costing the U.S. Economy 10,000 Jobs a Month
A Goldman Sachs research report released Thursday calculates that the Iran war is eliminating 10,000 American jobs every month, as surging oil prices, supply chain disruptions, and recession fears begin to translate into concrete employment losses across the domestic economy.
Pentagon Orders 1,000 Paratroopers from 82nd Airborne to Middle East as Iran War Escalates
The Pentagon has ordered roughly 1,000 soldiers from the storied 82nd Airborne Division to deploy to the Middle East, marking one of the most significant U.S. ground troop commitments since Operation Epic Fury began, as simultaneous diplomatic signals from both Washington and Tehran send conflicting messages about the conflict's trajectory.
IEA Warns Iran War Energy Crisis Could Surpass 1970s Oil Shocks as Hormuz Deadline Looms
The International Energy Agency issued its starkest warning yet about the Iran war's economic toll, declaring the unfolding energy crisis potentially worse than any since the 1970s oil shocks, as a Trump administration deadline for Strait of Hormuz negotiations expires within days.
Israeli Strike on Iran's South Pars Gas Field Drives U.S. Gas Prices to Three-Year High
An Israeli airstrike on Iran's critical South Pars natural gas field triggered a new wave of energy market volatility, sending U.S. gasoline prices to their highest level since 2023 and leaving the Federal Reserve uncertain about the economic outlook.
U.S. Drops 5,000-Pound Bunker Buster Bombs on Iranian Missile Sites Threatening the Strait of Hormuz
American forces unleashed some of the largest conventional bombs in the US arsenal against hardened underground Iranian missile launch sites along the Strait of Hormuz, striking at the weapons systems that have kept the world's most critical oil shipping lane under threat since the war began.
U.S. War Costs Hit $12 Billion as Oil Tops $106 a Barrel and Allies Reject Hormuz Coalition
The Trump administration confirmed the United States has spent $12 billion on the Iran war in its first two weeks, as oil prices topped $106 a barrel and every major ally publicly declined the president's call to send warships to reopen the Strait of Hormuz.
U.S. Bombs Kharg Island, Iran's Critical Oil Hub, Triggering New Wave of Price Shocks
American forces struck Kharg Island, the terminal through which the vast majority of Iran's oil exports flow, in a dramatic escalation that sent crude prices surging and raised fears of a broader regional energy crisis.