Trump, for his part, contended that Iran needed to be able to maintain its missile supply in light of the abundant military stockpiles held by other nations in the region.
State of the Union: The country sources around 90 percent of its oil through the Strait of Hormuz. The post Amid Iran War-Inflated Prices, Japan Raises Interest Rates to 31-Year High appeared first on The American Conservative .
The Bank of Japan announced Tuesday it would raise rates to a 31-year high—from 0.75 percent to one percent—in anticipation of continued inflation caused by the Iran War. In 2024, the Bank of Japan pivoted from decades of near or below zero interest rates amidst supply shocks. It last raised rates in December of 2025 but had held them steady since. However, the energy supply shock caused by the Iran War has created significant price pressures in the country. Deputy Governor Shinichi Uchida welcomed the framework peace deal announced this week between the U.S. and Iran, but economic analysts expect lingering pressures from the war to persist throughout the year. Japan sources about 90 percent of its crude oil imports through the…Open
City Council member Janeese Lewis George, a democratic socialist, holds a sizable lead in the high-stakes Washington, D.C., Democratic primary to replace retiring Mayor Muriel Bowser (D). The latest results from Tuesday’s election show Lewis George with almost 53 percent of the vote, putting her 16.28 percentage points ahead of former D.C. Council at-large member Kenyan McDuffie, according to Decision Desk HQ (DDHQ). Read More: https://thehill.com/homenews/campaign/5927896-janeese-lewis-george-democratic-socialist-dc-democratic-primary/ #socialism #trump #elections #dc #congress
The Federal Reserve held interest rates steady Wednesday at Chair Kevin Warsh’s first rate-setting meeting since taking the reins of the central bank. In a unanimous decision, the Federal Open Market Committee (FOMC) maintained its baseline interest rate at a range of 3.5 percent to 3.75 percent. Warsh, whom the Senate confirmed last month, faces [...]