Oil prices could surge to an unprecedented $200 a barrel if the Strait of Hormuz remains closed, analysts warn. Why it matters: President Trump is weighing ending the U.S. war on Iran without reopening the strait — raising the once-unthinkable prospect that this key energy artery could stay shut indefinitely. - If that happens, oil's recent rise — briefly nearing $120 a barrel — could look modest. Driving the news: U.S. gasoline prices have jumped 35% since the war began last month, topping $4 a gallon earlier this week. - Countries more dependent on Middle East oil are already seeing worse, including fuel shortages. What they're saying: Eurasia Group, a political risk consulting firm, puts 55% odds on the war lasting through…
Oil prices could surge to an unprecedented $200 a barrel if the Strait of Hormuz remains closed, analysts warn. Why it matters: President Trump is weighing ending the U.S. war on Iran without reopening the strait — raising the once-unthinkable prospect that this key energy artery could stay shut indefinitely. - If that happens, oil's recent rise — briefly nearing $120 a barrel — could look modest. Driving the news: U.S. gasoline prices have jumped 35% since the war began last month, topping $4 a gallon earlier this week. - Countries more dependent on Middle East oil are already seeing worse, including fuel shortages. What they're saying: Eurasia Group, a political risk consulting firm, puts 55% odds on the war lasting through…Open
President Trump isn't just befuddling foreign leaders and financial markets with his mixed signals on Iran . Advisers who speak regularly with the president tell Axios they're just as uncertain. Why it matters: Trump's off-the-cuff musings and Truth Social postings can have life-or-death consequences for the war, and massive implications for the market. Then the cycle restarts without any lasting clarity. Between the lines: Some Trump aides and allies say he's mostly improvising rather than following any clear plan. - He likes to keep his options open, spitball with different audiences, then capitalize if he thinks he sees an opportunity, they say. - Aides have been convinced at various points that Trump was leaning toward a major…
President Trump isn't just befuddling foreign leaders and financial markets with his mixed signals on Iran . Advisers who speak regularly with the president tell Axios they're just as uncertain. Why it matters: Trump's off-the-cuff musings and Truth Social postings can have life-or-death consequences for the war, and massive implications for the market. Then the cycle restarts without any lasting clarity. Between the lines: Some Trump aides and allies say he's mostly improvising rather than following any clear plan. - He likes to keep his options open, spitball with different audiences, then capitalize if he thinks he sees an opportunity, they say. - Aides have been convinced at various points that Trump was leaning toward a major…Open
One month in, President Trump's Iran war has fractured into three competing realities: - A military campaign that has largely delivered. - A strategic vision that hasn't. - A political and economic disaster getting worse by the day. Why it matters: The Trump administration has declared Operation Epic Fury an overwhelming success. But the trajectory of the war — from shifting goalposts to mounting costs — points to a potential stalemate. Zoom in: By conventional military measures, the U.S. and Israel are dominating Iran at sea, in the air and on land. - In its first 29 days, Operation Epic Fury struck 11,000+ targets, flew 11,000+ combat sorties, and damaged or destroyed 150+ Iranian vessels, according to the Pentagon . - The…
One month in, President Trump's Iran war has fractured into three competing realities: - A military campaign that has largely delivered. - A strategic vision that hasn't. - A political and economic disaster getting worse by the day. Why it matters: The Trump administration has declared Operation Epic Fury an overwhelming success. But the trajectory of the war — from shifting goalposts to mounting costs — points to a potential stalemate. Zoom in: By conventional military measures, the U.S. and Israel are dominating Iran at sea, in the air and on land. - In its first 29 days, Operation Epic Fury struck 11,000+ targets, flew 11,000+ combat sorties, and damaged or destroyed 150+ Iranian vessels, according to the Pentagon . - The…Open
If you're an immigrant worker in the U.S. right now, you've got a better shot landing a visa as a farmer than a tech worker, researcher, doctor or nurse . Why it matters: The Trump administration's crackdown on H-1B visas is crushing sectors that rely on high-skilled immigrant workers, while seasonal programs for farm workers have gotten a pass. - "There was all of this hype that Trump would be friendly toward high-skilled immigration and harder on low-skilled immigration," said Sam Peak, an immigration expert at the Economic Innovation Group. - The opposite has been true, including an admission from the administration that seasonal farm labor jobs can't be filled with Americans. The big picture: Huge new fees ($100k a pop for H-1B…
If you're an immigrant worker in the U.S. right now, you've got a better shot landing a visa as a farmer than a tech worker, researcher, doctor or nurse . Why it matters: The Trump administration's crackdown on H-1B visas is crushing sectors that rely on high-skilled immigrant workers, while seasonal programs for farm workers have gotten a pass. - "There was all of this hype that Trump would be friendly toward high-skilled immigration and harder on low-skilled immigration," said Sam Peak, an immigration expert at the Economic Innovation Group. - The opposite has been true, including an admission from the administration that seasonal farm labor jobs can't be filled with Americans. The big picture: Huge new fees ($100k a pop for H-1B…Open
Trump tells allies who need Strait of Hormuz for oil to get it themselves, how the Iran war is impacting the U.S. and global economy, SCOTUS to hear arguments on birthright citizenship.
The two losses — 5-2 to Belgium and 2-0 to Portugal — were a wakeup call for the USMNT and the team's ambitions for this summer's World Cup. But the Americans said they welcomed the lessons learned.
NASA's Artemis II mission aims to send four astronauts around the moon on a roughly 10-day journey that could help pave the way toward a future lunar landing.
Holly Deiaco-Smith was feeling homesick while studying abroad in France when she was 19 years old. An encounter at the post office changed everything and led to a decades-long friendship.
At issue is President Trump's challenge to a constitutional provision that has long been interpreted to guarantee American citizenship to every child born in the United States.