Price of war: The US war against Iran has cost $29 billion so far — an estimate that was higher than the $25 billion figure senior Pentagon officials provided to Congress two weeks ago.
• Ceasefire status: Some aides to President Donald Trump said he is now more seriously considering resuming combat operations in Iran. Trump said the ceasefire is on “massive life support” after he rejected Iran’s counterproposal to end hostilities. Despite the current impasse, the US president said he’s confident Iran will abandon efforts to build a nuclear weapon.
• Oil crisis: The oil market won’t return to normal this year if the Strait of Hormuz doesn’t reopen soon, a Saudi oil giant warned. The US released 53.3 million barrels of oil from the Strategic Petroleum Reserve to loan energy firms, as part of a global effort to stabilize oil prices.
0 Comments