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Trump says U.S. will guide stranded ships through Hormuz as gas prices rise
Strait of Hormuz standoff

Trump says U.S. will guide stranded ships through Hormuz as gas prices rise

The operation, dubbed Project Freedom, is aimed at vessels from countries not involved in the Iran war, but Tehran says U.S. forces entering the strait would be attacked

May 04, 2026

USS Gerald R. Ford expected to leave Middle East as Iran war costs rise
Middle East war

USS Gerald R. Ford expected to leave Middle East as Iran war costs rise

A U.S. official confirmed the carrier strike group is expected to head home in the coming days, while a Pentagon official put the war’s cost so far at about $25 billion

Apr 30, 2026

Pentagon puts Iran war cost at $25B as lawmakers question the real bill
Defense spending

Pentagon puts Iran war cost at $25B as lawmakers question the real bill

Defense officials say the figure mainly covers munitions and operational costs; Democrats and economists argue fuel, food, repairs and long-term obligations could push the total far higher

Apr 30, 2026

Trump says U.S. is reviewing troop cuts in Germany
U.S.-Germany relations

Trump says U.S. is reviewing troop cuts in Germany

The president said a decision could come soon after Chancellor Friedrich Merz criticized Washington’s handling of the Iran war

Apr 30, 2026

Trump warns Iran to make a deal as Pentagon puts war cost at $25 billion
Iran war

Trump warns Iran to make a deal as Pentagon puts war cost at $25 billion

The standoff over Iranian ports and the Strait of Hormuz is drawing sharper public threats from Washington and Tehran, while lawmakers press the Pentagon for answers on cost, duration and strategy

Apr 29, 2026

Trump and Iran trade new warnings as shipping standoff drags on
U.S.-Iran standoff

Trump and Iran trade new warnings as shipping standoff drags on

The White House defended its blockade as leverage while Tehran signaled possible retaliation through another key energy shipping route

Apr 29, 2026

Hormuz remains in limbo as Trump weighs Iran offer
Iran war

Hormuz remains in limbo as Trump weighs Iran offer

Brent crude topped $112 a barrel and U.S. gasoline prices hit a wartime high as Washington considers a proposal tied to the strait but not nuclear talks

Apr 28, 2026

UK prices could stay higher for eight months after Iran war, minister says
UK cost pressures

UK prices could stay higher for eight months after Iran war, minister says

Darren Jones said ministers are planning for supply-chain disruption, though price pressure is seen as more likely than empty supermarket shelves

Apr 28, 2026

Iran war’s economic hit may linger through 2026, economists say
Economic fallout

Iran war’s economic hit may linger through 2026, economists say

Oil and gas prices have jumped since the conflict began, raising costs for drivers, travelers and households even if fighting eases soon

Apr 28, 2026

Bessent defends potential dollar swap lines for Gulf and Asian allies
Treasury

Bessent defends potential dollar swap lines for Gulf and Asian allies

The Treasury secretary cast the discussions as routine as the Trump administration weighs financial backstops sought by partners during the Iran war

Apr 28, 2026

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