If you predicted the U.S. would fall into recession due to the latest headlines , the last few years have made you look dumb. Through interest rate increases, armed conflict in Europe and a trade war, it has proven stunningly resilient. The big picture: America's economic superpower has been its scale, diversity and adaptability that have allowed it to continue chugging along whenever crises arise. - Now, the Iran war will test again how much the U.S. economy can absorb without a meaningful downturn. State of play: With Iran threatening attacks on ships that pass through the Strait of Hormuz , the price of oil is up 43% this month, at over $103 a barrel at Friday's close. - Middle East exports of other key commodities, including the raw…
Cheap, mass-produced drones have permanently changed the face of warfare. - Without them, Russia's overwhelming manpower and firepower advantage would grind Ukraine into dust. - Without them, the Houthis are a ragtag militia in Yemen — not a force that brought global shipping to its knees. - Without them, a sanctioned, isolated Iran couldn't inflict nearly as much damage to the most powerful military in world history. Why it matters: Size no longer guarantees victory. Any nation, any proxy, any rebel group with access to cash and commercial components can now bleed a superpower slowly, expensively and without a clean answer. Driving the news: Iran's Shahed drone — said to cost between $20,000 and $50,000 — has been the regime's…
Environmental and health specialists said exposure to the residue in “black rain” can irritate the eyes and skin and may aggravate respiratory conditions.