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2026 ACM Awards winners: Ella Langley wins Song of the Year, as Avery Anna, Tucker Wetmore win New Artist categories
The 2026 ACM Awards nominations are dominated by women including Megan Moroney, Miranda Lambert, Ella Langley and Lainey Wilson, while Morgan Wallen's Male Artist of the Year snub and Zach Top's break...
'This may be the last time you hear my voice': Political executions surge in Iran
Since the US and Israel attacked Iran on 28 February, the UN says it’s verified the execution of at least 32 political prisoners.
2026 ACM Awards winners: Ella Langley wins Artist-Songwriter of the Year, as Avery Anna, Tucker Wetmore win New Artist categories
The 2026 ACM Awards nominations are dominated by women including Megan Moroney, Miranda Lambert, Ella Langley and Lainey Wilson, while Morgan Wallen's Male Artist of the Year snub and Zach Top's break...
‘Won’t be anything left’: Trump issues warning to Iran after national security team meeting
President Donald Trump met with top members of his national security team on Saturday to discuss the path forward on the Iran war, a source familiar with meeting told CNN, a day before he said Tehran “better get moving, FAST, or there won’t be anything left of them.”
Sen. Lindsey Graham says status quo in the Strait of Hormuz is ‘hurting us all’
The South Carolina senator called on President Donald Trump to renew U.S. attacks on Iran amid a fragile ceasefire and stalled negotiations.
Trump Says he’s a Builder. His Peace Deals are Far from Sturdy.
Arab officials worry Trump will leave them in a lurch with Iran.
To Critics, Trump Remarks Reveal a Billionaire Out of Touch
The president has never pretended to be an ordinary American, but a recent “truth bomb” has opened him to criticism that he doesn’t grasp the economic strain of his war with Iran.
To Critics, Trump Remarks Reveal a Billionaire Out of Touch
The president has never pretended to be an ordinary American, but a recent “truth bomb” has opened him to criticism that he doesn’t grasp the economic strain of his war with Iran.
The Iran War Is Crippling One of the World’s Wealthiest Nations
Iranian attacks have paralyzed Qatar’s vital gas exports and are stalling the tourism and business pivots that were intended to anchor its future growth.
Global inventory race intensifies: Shadow of Iran war
The global rush to stockpile manufactured goods on fears of an energy-supply crunch will again overshadow business surveys in the coming week.
Politics Unplugged (Full Episode) May 17, 2026
This week on Politics Unplugged, John Trobough, candidate for Congress in District 1, makes his case for the job and shares his view of the war in Iran. Then, Consultants Marcus Dell’Artino and Stacy Pearson discuss Kari Lake’s nomination for ambassador to Jamaica and the state budget negotiations.
Iran's status for World Cup gains some clarity
Iran announced its preliminary World Cup roster on Saturday following meetings with FIFA that appeared to make progress toward the country participating in the tournament.
Now What? With Carbon Pricing Eroded and Pipeline Politics Advancing, Here Are the Pathways for Climate Success
At the end of a whirlwind week of news on carbon pricing and electricity strategy, capping a madcap year of pretty much non-stop, dramatic change, the word across much of Canada’s climate and energy transition community is that climate policy in this country has been shredded. Eviscerated. Hit with a sledgehammer by policy rollbacks that have pushed the country’s 2050 net zero target “well out of reach”. That means it’s never been more important to look for the rays of hope and glimmers of possibility. To glimpse the seeds of the next set of strategies to get Canada’s climate pollution under control and the country into the accelerating global dash away from fossil fuels. And then, once we’ve spotted those possibilities, get on with the hard, day-to-day slog of trying to make them a reality. Nothing takes away from the frustration and the deep disappointment so many climate and energy hawks are expressing, the sense of betrayal by the author of Value(s) and the former UN special envoy for climate action and finance. But we knew two things as the week drew to a close. We’re looking at the world as it most definitely is. And we don’t get to give up finding the pathways to confront climate change and deliver faster, deeper carbon cuts that leave no one else behind. So really, the first question we all have to ask ourselves is: What’s next? Subscribe All the Oxygen in the Room The outpouring of anger and grief over the carbon pricing deal between Prime Minister Mark Carney and Alberta Premier Danielle Smith has been absolutely understandable. So much of the climate community poured years, more than a decade, into dragging the current federal pricing regime across the finish line, then defending it from a deluge of three-syllable rhymes after the Trudeau government proved utterly incapable of delivering its own message. The policy foisted on us by neo-classical economists took up all the oxygen in the room, burned through years of climate response time that we won’t get back, while cornering climate hawks into the position that the best response to the crisis of our lifetimes is a new tax…in an era of historic anti-tax sentiment. I mean, really—what could possibly have gone wrong? Against that history, let’s appreciate columnist Max Fawcett’s point that even a modest carbon pricing agreement with a government as off-the-wall libertarian/conspiracist as Danielle Smith’s—those adjectives are mine, not Max’s—is a win worth savouring (as long as Smith keeps her promises for a change). But part of living in the world as it is (no, I’m not letting that go) is to be clear-headed about what we can and can’t control. And one thing we get to decide, after seeing this week’s carbon price festivities take up all the oxygen yet again, is whether we want to keep letting that happen. Particularly when success down that road depends on a factor that no one with a climate agenda can control or influence—a provincial carbon pricing mechanism that has been manipulated and eroded beyond its lowest possible denominator. Thankfully, that’s not the way it has to go. Not when we have so many other powerful, practical tools at our disposal, including the ones still available to us through this abominable Memorandum of Understanding (MOU) between Canada and Alberta. Tools In Our Toolbox When I started roughing out this list, I didn’t expect it to grow to nearly a dozen bullet points. It’s probably still incomplete. Some of the greatest hits in today’s climate solutions toolbox include: • No Carbon Capture, No Pipeline: On Friday, Prime Minister Mark Carney explicitly stated that there’s been no change to the MOU provision that there will be no West Coast pipeline without an industry commitment to build its massive, $16.5-billion carbon capture and storage (CCUS) hub in Northern Alberta, and vice versa. The two megaprojects were joined at the hip when the MOU was signed Nov. 27, and the implementation agreement this week affirmed that they still are. A parade of independent analysts have spent years pointing to the economic and technical flaws in CCUS, while the industry kept postponing its investment decision until it could arm-twist the government for more “clarity” (by which it meant even more lavish taxpayer subsidies) on the project. Now the industry itself is running away from the CCUS hub and insisting the pipeline should proceed without it, but Carney doesn’t seem to be budging from a central tenet of the MOU to which Smith has signed on. • No Subsidies, No Investors: Climate analysts and advocates have quite rightly been hammering away at Carney and his team, insisting that any new capacity the industry wants to build must proceed without new subsidies. The government has responded with a growing collection of funding and financing mechanisms for the very wide menu of industrial development and nation-building projects they say they want to take on, and that menu always includes fossil fuel infrastructure. But it’s hard to see how even the combined fiscal clout of the federal and supportive provincial governments will deliver the financial backing private investors would need when the business case for new fossil fuel development is evaporating before their eyes. Particularly when… • No Market, No Demand, No Investors: As our friend Markham Hislop at Energi Media (our apparently sleepless friend, given the massive volume of great material he’s been churning out) points out this morning, the biggest vulnerability in any pipeline deal is the assumption that Asian buyers will want the oil or liquefied natural ga that our fossil industry is so keen to send them. Hislop writes in part: Ottawa and Alberta are effectively betting that countries like China and India will continue increasing oil imports for decades as their economies grow and energy consumption rises. That assumption underpins the entire economic rationale for expanding oil sands production and building billions of dollars in new export infrastructure. But Asian energy systems are changing rapidly… China, India, South Korea, and other major hydrocarbon importers are now investing hundreds of billions of dollars into electricity systems built around wind, solar, batteries, nuclear, hydro, and expanded transmission infrastructure. Domestic “energy sovereignty” is increasingly replacing the old energy-security model based on stable oil and gas imports. Those investments are expected to sharply slow oil demand growth and eventually reverse it, even as overall energy consumption continues rising. There are also refining constraints. Many Asian refineries and petrochemical complexes are already optimized to process discounted heavy crude from the Middle East and Latin America. That raises serious questions about how much additional Canadian bitumen Asian markets can absorb at profitable prices. Small wonder that there’s still no private sector investor for the project, despite Smith’s government desperately beating the bushes to put together a deal. For now, Alberta is acting as proponent and covering early start-up costs for a pitch to the federal Major Projects Office, which could actually turn into the next tough hurdle for Smith and her pipeline to jump. • Canada Day Looms: How ironic that Canada’s birthday this year could become a major chokepoint for the provincial premier who’s been working so diligently to tear the country apart! The July 1 target date for Alberta’s pipeline proposal is baked into the MOU, was reaffirmed by the implementation plan, but it hadn’t dawned on me that it cuts both ways. As one very smart colleague wrote in an email yesterday, “they’ve thrown the ball into Alberta’s court to get the project proposal on the table really quickly and to have to do a whole pile of work to put together a massive, complicated project that would typically take years to assemble, and they’ve given them weeks to do it.” That makes July 1 a looming deadline that Smith won’t be able to run away from politically, especially with the separatists in her party and her caucus breathing down her neck. (See previous ref to off-the-wall.) But if Alberta comes in with a sloppy, incomplete submission, even after Carney bent over backwards to simplify the application process and the rules that govern it, it may be harder for the province or the industry to blame Ottawa and insist on the faster process they claim their investors are demanding. (Oh, wait—which investors would those be??) • We’ll See You In Court (Then We’ll See You Again): If Carney did cave, that would be just one more reason for Indigenous and other affected communities to take the government and the process to court—Just as Alberta First Nations did, successfully, in response to Smith’s half-baked separation referendum. Veterans of the Harper era have been warning that a shoddy process around fossil fuel infrastructure or other major projects will be a recipe for the very delays that process seeks to avoid. And now more than ever, with renewable energy and energy storage eating fossil fuels’ lunch in import markets around the world, a delayed pipeline or LNG terminal may be as good as a cancelled one. • Charged Up, Ready to Go: With its goal of doubling Canada’s electricity supply to meet a doubling of demand by 2050, the national electricity strategy that Carney unveiled Thursday has a lot to like. With its explicit language about speeding the shift from fuels to more efficient and affordable electricity, global investment and deployment patterns that already favour that shift, an emerging bidirectional power grid, the role of front-line options like rooftop solar and heat pumps, the emergence of electric vehicles as behind-the-meter energy storage, and the domestic jobs and manufacturing to make it all happen, the document doubles down on the essential cornerstone of a faster shift off fossil fuels. The strategy envisions a more prominent role for gas and nuclear power. But some of those provisions were already in the Clean Electricity Regulations that climate hawks are now fighting so hard to defend, inserted as a compromise in a futile attempt to mollify the industry and its political representatives in Alberta and Saskatchewan. But once again, gas will be a tougher sell when it’s more expensive and now so much more unpredictable than the clean alternatives. The new nuclear technologies are still speculative and deeply vulnerable to cost overruns. Increasingly, utilities, developers, and investors know it. Carney declared Thursday that “it doesn’t do us good to be sitting in court all the time with provinces. It doesn’t do us good to be talking past each other. What does do us good is to come together with specific projects.” There are no guarantees, but so much of the language and narrative-building in the electricity strategy suggests the lion’s share of those projects will be renewable. • The Party Has Already Started: The electricity strategy only rarely digs down to specific projects, but provinces representing three-quarters of Canada’s population are already embracing a faster transition. Hydro-Québec is working on a 10-year, $185-billion renewable energy and grid buildout by 2035. Ontario recently brought 10 provinces and territories together in a National Energy Corridor Agreement to boost interprovincial and -territorial transmission infrastructure. And the MOU implementation agreement commits Alberta to facilitate investment in renewable energy projects, a big step back from its continuing, punitive restrictions on renewables development. The electricity strategy envisions much of the financing and infrastructure that will be needed to pull those advances together into an integrated whole. • Delivering on Affordability: The MOU implementation plan has little or nothing to say about affordability (are you surprised?), but the electricity strategy does, with a top-line pledge to reduce home energy costs for seven out of 10 Canadian households by 2050, a total saving of $15 billion across the board. It’s just a start, but it puts affordability on the government’s narrative map. If they’re serious and deliberate about patching together a least-cost energy strategy, it’ll have little if any room for oil, gas, or nuclear—not with powerful evidence, for example, that electricity prices are higher when those prices are set by gas. • Smith Proves that Canada Works: By signing a deal that makes it harder to claim the federal government is blocking a new pipeline, Smith has helped prove Carney’s constant anti-separatist refrain that “Canada works”—incurring the rage, no doubt, of her own political base. Canada also needs to work for anyone who depends on a clean environment, healthy and thriving ecosystems, and safe, stable climate. But with Smith and her separatist constituents setting up as a fifth column for annexation by Donald Trump’s United States, let’s set aside any notion that 51st state status for Canada is a recipe for anything other than climate disaster (and so much else). Resisting and withstanding Trump (just 170 more sleeps until mid-term elections, which is a damn sight better than the 730 we started with) doesn’t mean a free pass for a pipeline, but we can still appreciate it that keeping Canada whole and sovereign is still Carney’s Job One. • The Words Not Spoken: Apart from a commitment to export a million barrels of “low-emission” Alberta bitumen per day (memo to Smith and Carney: You realize that that’s less than the industry is already exporting??), the MOU implementation plan says nothing about the international trade and economic sovereignty deals that Carney has been travelling the world to negotiate. It didn’t have to. Carney doesn’t need permission from Danielle Smith, her American enablers, or her separatist allies to continue building the alliances that will ratchet down our economic dependency on our unstable, unreliable neighbour to the south. But every connection he builds with countries outside North America helps align our economy and our future with a faster shift off fossil fuels. Little if any of this was on our bingo cards a year or two ago. But it’s the pathway that has opened up to us. And if it gives Canada any climate or energy gains at all in an era still dominated by Trump and his increasingly ridiculous tariffs, his loutish trade negotiations and his continuing annexation threats, we have to take the wins. Not least because they’ll be the point of departure for what we can achieve in 2027, 2029, and beyond, as Trump’s grip and this era begin to loosen and then fade. What is Carney Doing? If this line of thought is right—and it’s a possibility, not a prediction—it means that Carney’s actions and decisions are largely about buying time. Time for Trump’s power to wane. Time for Alberta’s separatist/conspiracist virus to spread, mutate, die out, or at least die back, with help from a vaccine of federal steadiness and calm (appropriate enough, for a movement populated largely by vaccine deniers) that no conspiracy theory can dismiss. And time for the government’s trade and investment agenda to deliver results—even knowing that some of those results will bring impacts that front-line communities will not and should not accept. In the immediate moment, none of this changes the way the wider climate community has to respond, from campaigners to investors to front-line practitioners. All of our voices are still essential. But those voices will be stronger and more confident if we have a clearer sense of the brutal game we’ve been pulled into, and a plausible path (or two it three) for playing it to the win we need. This conversation also underscores our biggest task for the remaining years of what was supposed to be the “decisive” decade for climate response: if we can shift the energy narrative in Canada, make it a mainstream view that the country’s preoccupation with oil and gas has us falling farther behind a changing world, we’ll see far better results in the 2030s and beyond. For many veteran climate advocates, taking on that part of the fight will begin with recognizing that most of our friends and family, neighbours and colleagues already understand that climate change is real and right in front of us: they’re looking away and staying silent because they don’t have what climate communicator Katharine Hayhoe calls “efficacy”. As Hayhoe recently pointed out in a feature interview with The Energy Mix, it amounts to science denial to keep hammering away at the dire news about global warming without also helping audiences understand what they can do about it, with multiple studies telling us why that won’t work. Far better to open those conversations with the dominant crises like energy security, food security, emergency preparedness and business continuity, affordability, and financial security that have knocked climate change far lower on the list of public priorities, and will likely keep it there. We Knew This Would Happen Climate hawks have always known this day would come. For decades, we warned that everyone had to pay attention to climate change right now, because it would be much tougher to respond once the crisis itself started affecting our daily lives. We were right, and here we are. But now, thanks to decades of hard work, communities and countries have an alternative to doubling down on fossil fuels. “In 10 years everyone will have ‘always known’ that solar and batteries were going to win,” Morgan Solar Executive Chair Mike Andrade writes on LinkedIn. With the disruption in the Strait of Hormuz roiling energy priorities around the world, Canada and the United States are among the shrinking number of countries that are still very keen on fossil fuel development. Understanding that gap is a first, essential step in spotting the opportunities ahead, and averting the deep economic as well as environmental and social risk we face if we don’t seize them. Thanks for reading The Energy Mix Weekender! Subscribe for free to receive new posts and support our work. Subscribe Mitchell Beer traces his background in renewable energy and energy efficiency back to 1977, in climate change to 1997. Now he and the rest of the Energy Mix team scan 1,200 news headlines a week to pull together The Energy Mix and The Energy Mix Weekender. Chart of the Week BYD Eyes 20 Dealership Locations After Canada Greenlights Chinese EV Imports ‘Sledgehammer’ Carbon Price Deal Boosts Emissions by 230Mt, Aims for Fall 2027 Pipeline Approval ‘Worse Than Harper’: Regulatory Rollback Would Stop Canada from Assessing Project Impacts, Critics Warn Electricity Strategy Aims for Doubling by 2050, Allows ‘Flexibility’ for Gas Power Plants Opposition Mounts as O’Leary’s Data Centre Approved in Drought-Stricken Utah Diluted Carbon Price Misses ‘Reality of the World We’re In’, Could Impede Diversified Trade: Climate Institute $200B in Clean Energy Investment Will Need On-Time Delivery, Reliable Policies, Trade Association Says ‘Sovereign Pipeline’: CEO Pitches to Keep Trans Mountain in Government Hands What a Supercharged El Niño Could Mean for Canada Canada’s future is electric, and here’s how a power grid superhighway would get us there (Toronto Star) The Perilous Waters of Hecate Strait (Globe and Mail) Saudi Aramco profits jump despite conflict in Middle East (The Guardian) Farmers confront rising cost of fertilizer and fuel as spring seeding under way (Canadian Broadcasting Corporation) Clarkson forecasts 24% decline in offshore oil, gas capital expenditures (Oil & Gas Journal) Pipe Dreams: How Oil and Gas Fail to Deliver Economic Development in Africa (Oil Change International) Developing countries must hold the pen to script the fossil fuel transition (Climate Home News) Iran war threatens the dream of a post-oil economy in the Gulf (Washington Post) U.S. Oil, Gas Work Force Hits Lowest Level Since 2022 (Rigzone) Why Polestar Is Doubling Down on Net Zero as Rivals Pull Back on EVs (Bloomberg) Why this Michigan utility plans to sell its hydro dams for $13 (E&E News/Politico) Levees can no longer save New Orleans (Vox)
Trump says Iran war worth economic pain and these rural voters agree
Rural Trump supporters in Colorado say they will accept higher gas prices for Iran policy goals and to prevent Iranian nuclear threat.
As global crises multiply, scores of US diplomats say they have been forced out
Amid ongoing foreign policy crises around the globe and as the Trump administration struggles to reach a deal to end the war with Iran, the State Department last week finalized the firings of nearly 250 foreign service officers in a brief, impersonal email.
America In Focus: Hotter inflation doesn’t stop consumers, investors
American consumers are keeping a close eye on economic data, as gas prices fueled an inflation surge of 3.8% in the U.S. last month.
Trump Returns From China With Little Progress to Reopen Hormuz
Iran said transit through the Strait of Hormuz will normalize once security conditions are restored, after US President Donald Trump returned from a visit to China with an agreed desire to reopen the critical maritime route but little in the way of a path to achieving it.
Exiled Muslim scholar warns far-left–Islamist alliance behind anti-Israel protests echoes Iran’s rise
Muslim scholar who fled Egypt warns America's far-left alliance with Islamist extremism could repeat Iran's 1979 revolution pattern in the U.S. today.
Trump returns from China with no Iran breakthrough — and a decision to make
As Donald Trump grew increasingly frustrated with diplomatic efforts to end the war with Iran, administration officials were closely watching whether the president’s trip to China — a nation with close ties to Tehran — would yield a significant breakthrough.
Trump defends saying he isn’t thinking about Americans’ finances amid Iran talks
The president also said he’s not considering the political implications of the Iran war on the midterms, when Republicans will be defending slim majorities in each chamber.
These Oshkosh residents want you to log off and talk politics — in real life - Wausau Pilot & Review
by Miranda Dunlap / Wisconsin Watch, Wisconsin Watch May 13, 2026 Click here to read highlights from the story Oshkosh resident Nikolas DeGroot started
Rubio: Iran won’t be able to leverage US politics into forcing ‘bad’ deal on Trump
Secretary of State Marco Rubio on Thursday said Iran attempting to use U.S. politics, specifically rising energy prices and its impact on Americans, will not pressure President Trump and lead him i…
EXCLUSIVE: Hackers have breached tank readers at US gas stations; officials suspect Iran is responsible
US officials suspect Iranian hackers are behind a series of breaches of systems that monitor the amount of fuel in storage tanks serving gas stations in multiple states, according to multiple sources briefed on the activity.
Trump leaves China with breakthroughs — and unfinished business on Xi’s biggest fights
Trump returns from China summit praising Xi and trade progress, but Taiwan, AI, human rights, and Iran remain unresolved after high-stakes talks.
Trump and Xi move towards business-first relationship after Beijing summit
The two leaders did not resolve differences on key issues like Iran and Taiwan, despite push to extend truce.
The postwar UAE and the remaking of Gulf politics – European Council on Foreign Relations
Iran’s attacks on the Gulf have convinced Abu Dhabi that accommodation with Tehran has failed. Leaving OPEC reflects the UAE’s turn towards strategic autonomy,
House Again Blocks War Powers Vote to Halt Iran Conflict
But two vulnerable Republicans joined Democrats in the effort to force President Trump to win authorization from Congress, in the latest sign of G.O.P. jitters over the war.
Trump’s ‘financial situation’ gaffe underscores his Iran war problem
President Donald Trump has governed throughout his second term like a man who wields unconstrained power. It tends to prompt frustrations for him later when the approach runs headlong into reality.
What Americans quietly stopped buying in April
Shoppers pulled back on spending in April as higher gas prices fueled by the Iran war meant less money left over for some nonessentials like clothing and furniture. Retail sales rose 0.5% in April, a slowdown from the revised growth level of 1.6% in March, according to Commerce Department data released Thursday. March marked the […]
WATCH LIVE: Navy Acting Secretary Hung Cao testifies on budget as Trump discusses Iran with Xi
Retail sales rose for the third consecutive month in April
Americans continue to open their wallets, despite record-low consumer sentiment due to the war with Iran, in part thanks to a resilient US labor market.
Pageantry meets politics: Xi’s stark Taiwan warning counters Trump’s optimism
Xi warns Trump that mishandling Taiwan could spark U.S.-China conflict; trade, Iran crisis, and economic ties also dominate Beijing summit.
UK Growth Surge Under Threat From Iran War, Political Turmoil
The UK kicked off the year with a burst of economic growth that is now at risk from the fallout from the Iran war and the prospect of a new prime minister.
Trump courts Xi amid Iran war and trade tensions
Trump praised China’s leader and emphasized their personal bond as both sides sought to steady relations despite tensions over Iran, trade and global power.
UK GDP report to show how Iran war hurt economy in March
Rolling coverage of the latest economic and financial news, including the UK’s latest GDP report
The Dynamics of Escalating Tensions on the Washington-Tehran Axis
The impasse between Washington and Tehran is about the asymmetry between U.S.'s coercive approach to diplomacy and Iran's survival priorities.
New Mexico politicians grapple with oil windfall from Iran war that's both 'awesome' and awkward
A global oil bottleneck in the Strait of Hormuz has created a financial windfall on the other side of the world in New Mexico that is both enviable and politically sensitive in a Democratic-dominated state.
What Trump says vs. what the intelligence says on Iran
One of the Trump administration’s key talking points on the Iran war is that the Islamic Republic’s missile and military capabilities were devastated in US-Israeli bombing campaigns before the ceasefire began in April.
Trump to meet with Chinese leader Xi in Beijing today as trade, tariffs and Taiwan loom over visit
President Trump and Chinese President Xi Jinping are set to meet in Beijing, a high-stakes summit as the two countries aim to stabilize their trading relationship and grapple with uncertainty over Iran.
Surprise! Iran Is Much Stronger Than Trump Has Been Claiming.
A new report shows that Operation Epic Fury is neither epic nor furious enough to slow down the Iranian military.
John Fetterman casts deciding vote against limiting Trump's war in Iran
The Pennsylvania Democrat has voted repeatedly to support the war. With a few Republicans deflecting, it was now the first time his vote was decisive.
Fact check: Trump falsely claims the inflation rate was just 1.7% prior to the Iran war
After newly released Consumer Price Index figures showed that the year-over-year inflation rate was 3.8% in April, the highest in nearly three years, President Donald Trump tried to reassure Americans about rising prices – in part by falsely claiming the inflation rate was just 1.7% prior to the war with Iran.
Amid US-Israel war on Iran, Arizona awaits Iranian team before World Cup
Sports facility and football fans in the city of Tucson want Iran's players to feel 'safe and welcome'.
Higher gas prices sent wholesale inflation soaring last month, signaling more pain ahead for consumers
The war with Iran is squeezing US businesses at a rate not seen in nearly four years, likely dealing an even bigger blow to consumers next.
This week in Santa Cruz County business: Tourism saw growth in ’25 despite tariff, immigration concerns; farmers fear fertilizer, fuel hikes as growing season kicks off
A fifth consecutive year of growth for area tourism and the impact of the war in Iran on Santa Cruz County agriculture lead off Jessica M. Pasko's weekly survey of local business.
Trump says he ‘doesn’t think about Americans’ financial situation’ as he heads to China for talks with Xi Jinping
President says he ‘doesn’t think about anybody’ when questioned on financial impact of the Iran war as he departed for Beijing
The great strait stalemate: Who blinks first on Hormuz?
In the darkest days of the Cuban Missile Crisis, President John F. Kennedy privately reflected on the central question before him: Who blinks first? For days, Washington and Moscow sat locked in a test of wills — each side convinced time and pressure favored them, each side wary that backing down could invite greater danger later.
WATCH: 'I don't think about Americans' financial situation' when negotiating with Iran, Trump says
A reporter asked Trump on Tuesday to what extent American’s financial straits are motivating him to make a deal.
WATCH: Murray calls Pentagon's Iran war cost estimate 'suspiciously low,' presses for damage price tag
Trump Says Americans’ Economic Pain Is Not a Consideration for the Iran War
Asked whether Americans’ financial situation was motivating him to make a deal, President Trump said bluntly, “Not even a little bit.”
Amid war, Trump says he doesn’t ‘think about Americans’ financial situation’
Trump said he is only concerned about Iran not having a nuclear weapon. “I don’t think about anybody,” he added.
Trump says he’s not thinking about Americans’ finances ‘even a little bit’ in Iran talks
Trump said the “only thing” that matters is Iran “can’t have a nuclear weapon.”
Prices for these grocery items have spiked highest since the war began
The effects of the war in Iran are starting to show up in grocery stores.
Distracted and Bogged Down, Trump and Xi Enter a Summit of Reduced Ambitions
The war in Iran has cast a shadow of uncertainty on both superpowers, dimming early hopes that they could begin to address the larger issues that have frayed their relationship.
Trump says Iran truce on ‘life support,’ seeks gas tax pause
The breakdown in negotiations sent oil prices higher
Will Politics Take Over Cannes This Year?
Debate over the war in Gaza overshadowed the movies at the Berlin Film Festival. Will polemics — over Gaza, Iran and Trump — do the same in Cannes?
Hegseth faces bipartisan grilling about weapons drawdown during the Iran war
Defense Secretary Pete Hegseth is facing tough questions from Republican and Democratic lawmakers about the Trump administration’s end game for the Iran war, the cost of the conflict and its
Trump Faces Emboldened Xi in China as Iran War Clips US Leverage
Donald Trump is expecting economic deals and a “wild” welcome this week in China. In reality, he’ll arrive facing an emboldened Xi Jinping, just as his own hand is constrained by the conflict in Iran.
Inflation continued to rise in April as Iran war impacted energy prices
Inflation continued to rise in April as consumer price growth has picked up due to the impact of the Iran war on energy markets and gas prices.
Trump to head to China for high-stakes talks with Xi
Meeting comes amid tentative trade truce but Iran, Taiwan and tensions over global supply chains will be complicating factors
Trump heads to China today for high-stakes meeting with Xi
Trade, Taiwan and tensions with Iran are surefire topics for President Trump's meeting with Chinese leader Xi Jinping.
In war with Iran, China sees a familiar pattern of U.S. mistakes
President Trump arrives in Beijing this week for talks with a Chinese government that is confident as ever in its ascendance on the world stage.
How the Iran war could weaken Trump in his strongman showdown with Xi
Donald Trump’s summit with Chinese leader Xi Jinping this week is a capstone event meant to demonstrate the president’s indelible mark on world history.
Trump pushed DOJ to subpoena reporters over alleged Iran war leaks, sources say
President Donald Trump personally pushed the Justice Department to issue subpoenas to reporters covering the war in Iran in an effort to flush out their sources, according to officials familiar with the matter.
H.R. McMaster says he expects full-scale military action to resume after Trump call’s Iran’s proposal ‘garbage’
Trump’s Complaints About Iran War Leaks Prompt Aggressive DOJ Investigations
The Wall Street Journal has received subpoenas for records of reporters.
Trump Is in a Trap of His Own Making
The war with Iran has been a moral, political, and strategic failure for the United States.
Nunn urges Iran ‘off‑ramp,’ won’t set limits on Trump war powers
As the Iran ceasefire falters, Rep. Zach Nunn says the U.S. needs an “off‑ramp” to the war but sidestepped limits on presidential military authority.
Trump ties himself in knots to avoid resuming a full-scale war in Iran
President Donald Trump has tried to will an agreement into existence. Instead, he’s made it abundantly clear to everyone that he’s desperate for a deal.
Trump seeks to pause federal gas tax as prices soar amid Iran conflict
Congress would have to approve the proposal, and passing the savings on to drivers, rather than oil companies, would be difficult to enforce.
Trump Endorses Feeble Way to Lower Gas Prices
President Trump has endorsed suspending the federal gas tax, which won’t do much to solve the problem he created when he started the Iran war.
Economists warn of downturn as US businesses face rising costs
Costs are piling up for businesses during the U.S. and Israel’s war against Iran — and many economists see a bleak outlook, with some bracing for a downturn in hiring and investment in the coming months.
The Latest: Trump rejects Iran’s latest response to ceasefire proposal ahead of his trip to China
Iran and the United States reached an impasse again over how to end their war while their ceasefire grew increasingly shaky, with the two sides exchanging fire in recent days, ships and Gulf states being targeted, and fighting flaring between Israel and the Lebanese militant group Hezbollah.
Trump heads to China this week to meet Xi as Iran war and trade disputes loom over summit
It will be the first time a US president has visited China in nearly a decade, with the last visit being Trump in 2017
CNBC Daily Open: Political pressure cooker week
Markets eye three high-stakes political stories this week, with the U.S., Iran, China and the U.K. front and center.
UK ‘to lose 163,000 jobs in 2026’ amid Iran war fallout, as oil price jumps again
Rolling coverage of the latest economic and financial news
Trump rejects Iran peace bid, sending oil prices surging
"I don’t like it — TOTALLY UNACCEPTABLE," Trump wrote on Truth Social, without giving further detail.
Trump Rejects Iran’s Response to U.S. Proposal as Oil Prices Surge
Pezeshkian responded defiantly, saying Iran would “never bow down to the enemy” and would continue defending its national interests.
“The Devil Wears Prada 2 ”narrowly defeats “Mortal Kombat 2 ”in weekend box office cage match
No one tells Miranda Priestly no — not in the editor's room and not at the box office.
Alarm grows over health of Iran’s female political prisoners
Rights activists have raised renewed concerns over the health of prominent female political prisoners after Nobel Prize laureate Narges Mohammadi was transferred to a hospital in Tehran and reports emerged of worsening conditions for jailed activist Fatemeh Sepehri.
Share futures ease, dollar gains as Gulf talks teeter
Share futures slipped and the dollar climbed in Asia on Monday on signs that talks between the United States and Iran were deadlocked, leaving the vital Strait of Hormuz all but shut and sending oil prices higher.
Iran releases Nobel Peace Prize winner Narges Mohammadi over health concerns
On Sunday, Mohammadi, winner of the 2023 Nobel Peace Prize, was released on bail and sent to Tehran for medical treatment after 10 days of hospitalization in Zanjan, northern Iran, where she had been serving her sentence.
Iran releases Nobel laureate Narges Mohammadi on bail amid health fears
Iranian Nobel Peace Prize winner Narges Mohammadi has been released on bail and transferred to Tehran for urgent medical treatment after supporters warned she was at risk of dying in prison. The activist,…
Oil jumps as US and Iran fail to reach agreement on peace proposal
Oil prices jumped $3 a barrel on Monday as the United States and Iran failed to agree to a peace proposal drafted by Washington while the Strait of Hormuz remained largely closed, keeping global energy supply tight.
Iranian politician’s Australian links revealed; how One Nation won in Farrer; the mystery of ‘gaping’ whales
Australia’s handling of Iran sanctions in spotlight; voter shifts to One Nation seen across Farrer; research sheds new light on whale behaviour
Iran responds to U.S. peace proposal after clashes test ceasefire
Details were not immediately clear. Secretary of State Marco Rubio recently said he hoped the response would include a “serious offer for a ceasefire.”
Iran responds to US peace proposal, Iranian media reports. What we know
The Trump administration's framework proposed a pause in fighting while officials hammer out a permanent peace plan.
Iran Responds to Latest U.S. Plan to End War
The two countries have been discussing a 30-day extension to the cease-fire and a reopening of the Strait of Hormuz.
‘Degree of complacency’: are supply chains prepared for impact of ongoing Iran war?
The economic warnings are bleak, but full extent of shortages are still not felt for many European countries
Iranian businesses said resorting to mass layoffs amid wartime economic struggles
According to New York Times, business leaders warn 3.5 million industrial jobs at risk, several tech firms shut down due to internet blackout, with others laying off hundreds
Iran war could make Trump's trip to China a bit chillier than his first-term visit
President Donald Trump’s trip to China may not come with the same fanfare that accompanied his first-term visit
Iran war could make Trump's trip to China a bit chillier than his first-term visit
President Donald Trump's trip to China may not come with the same fanfare that accompanied his first-term visit.
Iran war could make Trump's trip to China a bit chillier than his first-term visit
President Donald Trump's trip to China may not come with the same fanfare that accompanied his first-term visit.
Morgan Stanley MD shares when he thinks rate cuts are coming
Morgan Stanley's Andrew Slimmon thinks the market could see a rate cut in six months if the Iran war ends soon.
Mass Layoffs in Iran as Businesses Buckle Under Wartime Pressures
Iran was already struggling economically before 2026 brought widespread instability. A government-imposed internet shutdown has crippled an entire sector.
Israeli Strike Kills Seven in South Lebanon, Lebanese Health Ministry Says
BEIRUT, May 9 (Reuters) - An Israeli strike on the southern Lebanese town of Saksakiyeh killed at least seven people, including a child, and wounded 15 on Saturday, Lebanon's health ministry said. The Israeli military said it had struck Hezbollah militants in the town, accusing them of ...