Recession Signal As Consumers Struggle To Pay Bills

Secretary of War Pete Hegseth said in a post on X on Thursday that inflating the Pentagon budget by nearly 50% to $1.5 trillion for 2027 was a “fiscally responsible investment” as the Trump administration attempts to justify its record-shattering military budget request. “Thanks to President Trump’s $1.5 trillion defense budget, this War Department has […]

IEA Chief Warns Gulf Flows May Take Six Months To Restore After Biggest-Ever Energy Shock The head of the International Energy Agency told the Financial Times on Friday that the world is severely underestimating the scale of the Gulf energy shock, and that it may take at least six months to restore disrupted oil and gas flows. Fatih Birol described the conflict, now in its third week, as "the greatest global energy security threat in history", and said it would take time "to have oil and gas rehabilitated". "It will be six...

US spy agencies are analyzing how Iran may respond if President Trump declared victory and pulled back from the conflict with the Islamic Republic, Reuters reported on Tuesday. The report said that Trump was aware of the political cost to himself and the Republican Party as a result of the war, which, according to polling, […]