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Trump suggests Iran could 'take out' Los Angeles and San Diego
President Donald Trump suggested Monday during a political rally in Nebraska that Iran could “take out” Los Angeles and San Diego, comments that drew condemnation.
US says foreign financial institutions doing business with Iran may be sanctioned without notice
WASHINGTON, Oct 5 (Reuters) - The US Treasury Department said on Monday it was alerting foreign financial institutions that continue to do business with Iran or its financial sector that they may be sanctioned by Washington without advance notice. DETAILS: • "Foreign financial institutions continuing to transact with sanctioned Iranian financial institutions could be targeted at any time without advance notification and should take immediate action to terminate such activity and relationship
US says foreign financial institutions doing business with Iran may be sanctioned without notice
WASHINGTON, Oct 5 (Reuters) - The US Treasury Department said on Monday it was alerting foreign financial institutions that continue to do business with Iran or its financial sector that they may be sanctioned by Washington without advance notice.
US says foreign financial institutions doing business with Iran may be sanctioned without notice
The US Treasury Department said on Monday it was alerting foreign financial institutions that continue to do business with Iran or its financial sector that they may be sanctioned by Washington without advance notice.
Top Iranian official admits dire state of the economy: Report
A top Iranian official reportedly admitted that Iran’s economy is in dire straits due to the war and the U.S. blockade of the country. Mohsen Rezaei, secretary of the Supreme National Security Council and former commander in chief of the Islamic Revolutionary Guard Corps, made the admission Saturday at a high-level government meeting focused on […]
Soldiers wounded in Iranian drone strike say military medical system failed them
The attack on the second day of the U.S. war with Iran killed six troops and injured dozens
Why the Trump administration is reluctant to call the ongoing conflict with Iran a 'war'
Trump administration officials have attempted to distance themselves from the word 'war' when discussing the ongoing conflict in Iran.
IRGC General Warns Regional States against Letting US Use Their Territory
TEHRAN (Tasnim) – Brigadier General Ali Fadavi warned regional countries against allowing the US to employ their territories for operations against Iran, stressing that any location used as a launch point for attacks on Iran will be targeted.
Oil climbs after Yemeni Houthis attack Saudi Aramco sites
Oil prices rose on Monday after Yemen's Iran-backed Houthis said they launched ballistic missiles and drones at Saudi Aramco sites in Riyadh and the Khurais area, raising concerns about production at the top exporter in the region.
US removes all Air Force bombers from Fairford base amid terrorism concerns
The United States has moved long-range bombers back to their American home stations days after the British government arrested a number of individuals in connection with an alleged Iranian plot to target the UK airbase where the planes had been stationed.
How Americans’ Financial Health Is Faring In The “K-Shaped” Economy
Hey all, Jason here. Money20/20 is still two weeks away, but I’ve already started packing (not procrastinating for once!). My calendar is already filling up with various sessions I want to catch, meetings, and of course happy hours, dinners, and other side events. If you’ll be in Vegas and want to catch up, let me know by replying to this email, and we can try to find a time amidst the chaos of the Venetian. A big if not totally unexpected piece of news dropped on Friday: the Independent Community Bankers of America, a trade group that represents smaller U.S. banks, filed a lawsuit against the OCC and Comptroller Jonathan Gould, arguing that the regulator’s move to grant trust bank charters to firms seeking to use them to conduct substantial non-fiduciary activities exceeds the authorities granted to the OCC by Congress. I haven’t had time to fully digest the legal filing or speak to folks in my network about it, but you can expect to see coverage and analysis on it in next week’s newsletter. Subscribe or Support by Upgrading The NerdCon agenda just dropped. It’s stacked. Partner content: Nubank built an AI-first bank. Chime built its own banking core. Figure and Valon are rebuilding the mortgage stack. At NerdCon, you’ll hear from the people behind those bets: what they chose, what they learned, and what they’re still figuring out. The agenda is live, with leaders from Nubank, Chime, OpenAI, Remitly, Mercury, Figure, Valon and more. Follow the mainstage conversations, bring the problem your team is wrestling with to a hands-on workshop, or pull up a chair at a roundtable. Pick your quests. Meet us in San Diego, November 18–20. Fintech Business Weekly readers save 20% with code FBW20. Explore the Agenda Things To Know & Other Good Reads Federal Reserve Board finalizes changes to enhance the transparency and public accountability of its stress test and reduce volatility in its stress test-related capital requirements (Federal Reserve Board of Governors) FDIC Announces Conclusion of Independent Monitorship (FDIC) Modernizing Financial Regulation: Initial Observations from eSLR (Fed Vice Chair for Supervision Michelle Bowman) The Data Version of Godzilla versus Kong: FRED Takes on AI (Fed Governor Christopher Waller) Financing the AI buildout (Brookings) Q3’26: Rules for Banks but Not for Crypto (Fintech Takes Banking) The Inevitability of Local Stablecoins (Lombard Notes) Delusions of AI Governance: The Human-in-the-Loop Comfort Blanket (Fintech Snark Tank) Stripe agrees to acquire Parafin to expand revenue opportunities for platforms and help small businesses grow (Stripe) Listen: Fighting Fraud in the Age of AI, with SEON’s Tamas Kadar (Fintech Business Weekly) How Americans’ Financial Health Is Faring In The “K-Shaped” Economy If there is one overarching theme across the economy and politics in the U.S. at the moment, it’s “affordability.” The term is vague enough to encompass a panoply of factors shaping Americans’ day-to-day lives: rising costs for the hallmarks of being “middle class,” including healthcare, housing, childcare, and education, inflation and rising interest rates, and a job market with the specter of AI hovering over it. At the same time, policy shifts under the Trump administration have resulted in reduced subsidies to those who get health insurance under the Affordable Care Act and new restrictions on qualifying for Medicaid and SNAP, the impacts of which have yet to be fully felt. These factors are contributing to declining consumer confidence and general dissatisfaction with the economy, despite continuing GDP growth and stock market records. This divergence is encapsulated in the idea of the “K-shaped” economy, in which a small proportion of Americans have seen their wealth balloon, while the majority of American households struggle to preserve the lifestyle they have. Perhaps the greatest determinant of which branch of the “K” a household is on is whether their wealth and income are primarily derived from employment vs. from assets. Nearly two decades of low interest rates and, more recently, elevated rates of inflation have benefited asset owners, while those whose income is primarily or solely derived from labor have largely seen real purchasing power stagnate or decline. This is reflected in recent Bureau of Labor Statistics data showing that labor share of U.S. GDP — the fraction of economic output that accrues to workers as compensation in exchange for their labor — dropped to just 52.8% in Q2 2026, the lowest since the BLS began keeping records. In 1947, approximately 2/3rds of economic output accrued to workers; even as recently as 2001, labor’s share of GDP was 64.1%. Against this backdrop, we’ve seen the rise of more credit and credit-like products: cash advance apps, “no-fee” overdraft, earned wage access, and buy now pay later, which are often used as small-dollar short-term borrowing mechanisms to meet immediate consumption needs or pay other bills (eg utilities, cell phone, other debt payments). With the markers of a middle class existence and, increasingly, basic financial stability seemingly out of reach for many, it should be no surprise there’s been an increase in “financial nihilism,” something industry peers like Alex Johnson and Frank Rotman have discussed and analyzed the roots of. The explosion of gambling and gambling-adjacent products and services — often marketed under the guise of being an “investment” — is inextricably intertwined with the rise of financial nihilism. Crypto, sports betting, and, more recently, prediction markets offer an escape or even hope of sorts, like a contemporary, digital version of a scratch-off lottery ticket, while leaving the overwhelming number of people who use such products worse off. Share of Households That Are Financially “Vulnerable” Ticks Up The Financial Health Network’s 2026 Financial Health Pulse® report adds context on how American households are faring. (I linked to this report in last week’s newsletter, but wanted to take time to further unpack the data in the report this week.) The Financial Health Network publishes the report annually, providing insight into how Americans’ financial circumstances are changing over time. The 2026 report is derived from a survey fielded in April and May 2026. The report leverages survey responses to assess indicators of financial health across spending, saving, borrowing, and planning/protecting and to determine a zero to 100 “FinHealth” score. Those with scores between 0 and 39 are considered “Financially Vulnerable,” consumers with scores ranging between 40 and 79 are defined as “Financially Coping,” and those with scores of 80 to 100 are “Financially Healthy.” The report found that moderate improvements in 2025 were reversed, with the share of respondents considered financially “vulnerable” rebounding to 17%. The longitudinal data reflect the impact of pandemic-era programs, like expanded unemployment, cash stimulus payments, and pauses of federal student loan payments. The positive impacts of those programs, as reflected in the Financial Health Pulse reports, had largely disappeared by 2023. While pandemic-era inflation — to be fair, in part caused by the various support and stimulus measures — had come down from as high as 9% in 2022, it has rebounded since the start of Trump’s second term, with tariffs and energy market disruptions owing to the war in Iran pushing prices back up. Specific indicators in the survey that deteriorated from 2025 to 2026 include the share of respondents spending less than their income over the past 12 months, the share paying all bills on time over the past 12 months, the share that have a manageable amount or no debt, the share that are “moderately” or “very” confident their insurance is adequate to cover them in an emergency, and the share that “somewhat” or “strongly” agree that their household plans ahead financially. Unsurprisingly, lower- and moderate-income households are more likely to struggle to pay their bills on time and have any funds leftover to save. The share of low-income households whose income exceeded their spending dropped from 35% in 2025 to 31% in 2026, while the share of upper-income households whose income exceeded expenses remained unchanged at 63%. Households with student loans or revolving credit card debt reported having “a bit more” or “far more” debt than was manageable at rates far higher than those not carrying these types of debts. The share of those with student loan debt indicating their debt load was too high to manage increased from 50% in 2025 to 55% in 2026, while the share of those with revolving credit card debt saying the same ticked up from 51% in 2025 to 54% in 2026. Households that had student loans were markedly more likely to be financially “coping” or “vulnerable” vs. those without student loans. In 2026, 27% of households with student loans were considered financially vulnerable, a jump of 6% points vs. 2025. Households without student loans saw just a 1% point increase (not statistically significant) in those considered financially vulnerable. Households’ perception of the affordability of categories of goods and services paints a stark picture, with less than one-fourth considering higher education affordable, about a third deeming childcare affordable, and less than half viewing healthcare as affordable. Fintech Business Weekly is made possible by the generous support of paying subscribers — bringing you independent analysis of banking, fintech, and crypto without fear or favor. You can support my work by becoming a paying subscriber if you aren’t already. Paying subscribers enjoy: access to the entire archive of nearly six years of newsletters extended versions of the weekly newsletter, with additional content and analysis and (for founding member tier) quarterly personal 1:1 fintech Q&A / strategy calls with me, tapping into my unparalleled knowledge of the intersection of banking and fintech and experience working in the sector, including helping to launch Goldman Sachs’ retail bank Marcus Support Fintech Business Weekly You can also support Fintech Business Weekly by sponsoring a newsletter or podcast, putting you in front of 93,000+ of the most influential decision makers in banking, fintech, and crypto. Learn more about sponsor opportunities or request a media kit by dropping me an email. Democratic Senate Report Highlights How Iran Uses Tether to Evade U.S. Sanctions Iran uses stablecoins, specifically Tether, to evade sanctions, fund regional proxies, and to purchase military drones, a report released last week by the Senate Permanent Subcommittee on Investigations says. The report was authored by committee ranking member Senator Richard Blumenthal (D-CT) and the minority staff. Crypto and stablecoin proponents will often push back on criticism that criminals make use of these assets by arguing that, on an absolute dollar basis, far more illicit funds flow through traditional banking systems and payment rails than via crypto and stablecoins. And while that is likely true, it elides the reality presented in news story after news story: whether state actors — Russia, Iran, North Korea — or criminal groups, those looking to engage in illicit transactions increasingly favor stablecoins and, specifically, Tether (USDT). The report from the Senate Permanent Subcommittee on Investigations released last week adds context to how Iran uses Tether has a lynchpin in its shadow banking system. The report analyzed 846 wallets that have been sanctioned or targeted for seizure, finding that 84% of them transacted exclusively or primarily in Tether. The ability to create near limitless, anonymous wallets and to move funds effectively instantaneously and irreversibly have made crypto a favored financial mechanism for bad actors. Stablecoins solved key drawbacks of bitcoin, namely, the original cryptocurrency’s highly volatile value in dollars. And while Tether (the company) has the technical ability to “freeze” or destroy funds, the company is often limited and reactive in its approach to doing so, the Senate report argues. Tether, which is nominally based in crypto-friendly El Salvador, “has stated that its compliance with OFAC sanctions is ‘voluntary’ and that it follows ‘OFAC guidelines,’” the Senate report says. Owing to these favorable attributes, Tether “became a primary cryptocurrency for Iran, Hamas, Hizballah, and the Houthis beginning in 2023 and has expanded in scale since,” according to the report. Tether’s role in Iran’s shadow banking system, the report says, is enhanced by crypto exchanges like Bybit, Kyrrex, OKX, Gate, and Binance, and through “over the counter” exchanges and hawala networks. The consequences of these financial flows aren’t hypothetical. The Senate report links Tether as a funds transfer mechanism to Iranian proxies in the region, including Hizballah, the Houthis, and Hamas. Tether has also been used to make payments to secure components necessary to manufacture drones, the report says. The report concludes by arguing that “[s]tablecoin issuers with a significant nexus to the United States, particularly those that offer dollar-denominated stablecoins, should be subject to American sanctions law rather than being allowed to hide behind foreign jurisdictions.” Stablecoin issuers like Tether must be held accountable for repeated failures to prevent illicit finance and sanctions violations by law enforcement, the Department of Justice, the Securities and Exchange Commission, and OFAC, the report argues. [Paying Subscriber Exclusive] OUSD Goes Live, Make Your Own Neobank, U.S. Sanctions Russia’s A7 Network As “Transnational Criminal Organization” OpenUSD, the stablecoin issued by the Open Standard consortium that includes Stripe, Visa, Mastercard, core providers, crypto firms, and numerous banks, went live last week. Social commerce platform Whop raised eyebrows in fintech by offering creators on its platform the ability to launch their own neobanks, which the company describes as “great businesses that are easy to run,” in just 15 minutes. And OFAC and FinCEN target Russia’s “shadow banking” A7 Network — more on these stories after the paywall.
Saudi Arabia to cancel Joy Awards, its answer to the Grammys, amid budget cuts, sources say
By Timour Azhari Oct 4 (Reuters) - Saudi Arabia is set to cancel next year's Joy Awards, its star-studded answer to the Oscars or the Grammys, as financial strain and the Iran war hit the country's nascent entertainment sector, two people with knowledg...
Trump rally attendees react to war and the economy ahead of the midterms
CNN’s Alayna Treene speaks with Trump supporters about their views on issues like the Iran war, gas prices and the economy, as the US president campaigns in Vandalia, Ohio in a bid to help Republicans retain control of Congress in next month’s midterm elections.
Iran knows US 'is winning' as Operation Economic Outcast inflicts damage, Treasury official says
A top Treasury official told FOX Business that the "absolute isolation" campaign the Treasury is imposing on the Iranian regime has been "really effective."
Week in Politics: Inflation pressure; war in Iran and effect on midterm elections
We look at how some concerning economic indicators as well as the ongoing war in Iran might affect the midterm elections.
Breaking down Trump’s new ‘drug factories’ claim about Iranian nuclear sites
The president’s refusal to admit the likely gaffe follows a pattern of insisting he is always correct.
Strategic sovereignty, social movements, and political agency: Evidence from the US-Israeli military campaign in Iran
Military intervention may be undertaken to weaken a hostile regime and strengthen the position of its opponents. This column argues that evidence from the 2026 US-Israeli strikes on Iran points to a different outcome: the strikes left total protest levels broadly unchanged but sharply reoriented mobilisation away from anti-government protest and toward pro-government activity. The findings suggest that overt foreign intervention can make sovereignty politically valuable to incumbent governments by making domestic opposition easier to portray as aligned with an external adversary.
Protesters target new Live Nation venue with 'illegal monopoly' messages
Before Miranda Lambert took the stage for the opening night at The Truth, protesters projected messages calling Live Nation an "illegal monopoly."
Europe agrees to release stocked diesel oil, Trump says
Europe has agreed to release a massive amount of diesel oil stocks, announced by US President Donald Trump, to address rising fuel prices ahead of US elections.
Hormuz as a Multiplayer Game: From Chokepoint Control to the Politics of Access
Transit fees, Hormuz Safe insurance, and a new strait authority: how the Iran war turned Hormuz from a chokepoint into a contest over access.
Miranda Lambert returns with country-disco album 'Crisco,' a set of songs that have 'a lot of joy'
Miranda Lambert has entered her disco era with her new album, “Crisco,” set to release Friday | KYW Newsradio
Affordability is on voters’ minds in Pa. swing districts as the cost of gas and groceries skyrockets
The cost of living is the rise as the war in Iran continues. That could hurt Trump-aligned incumbents in key Pennsylvania swing districts.
Military Leaders Will Examine Ways to Limit Civilian Deaths in War
U.S. Central Command will hold a daylong conference at its Tampa headquarters after seven months of war in Iran.
Most Americans blame Trump for high prices as his economic approval hits new low, AP-NORC poll shows
A majority, 65%, of U.S. adults now blame Trump’s policies for persistently high costs more than factors outside of his control, signaling growing weariness over his aggressive use of tariffs and continued unhappiness with the war with Iran.
Sanford Black Hills welcomes new women’s health clinician at Haines Ave. Clinic
Sanford Black Hills has expanded its regional healthcare team with the addition of Miranda Pray-Dede, M.D., who is now offering specialized women’s health services at the Sanford Health Haines Ave. Clinic in Rapid City. Dr. Pray-Dede brings more than two decades of dedicated medical experience to patients across the Black Hills region.
Immigration, inflation, Iran: WA candidates for open Congress seat debate
From the first question of a debate Wednesday night, John Duresky and Amanda McKinney sparred over big issues in Washington's 4th Congressional District.
Debate stays civil: disagreement over war, health care, affordability
Health care and the war with Iran separated the two candidates running for Iowa's 4th Congressional District during a debate Wednesday night that featured extended civility between the two candidates.
Debate stays civil: disagreement over war, health care, affordability
Health care and the war with Iran separated the two candidates running for Iowa's 4th Congressional District during a debate Wednesday night that featured extended civility between the two candidates.
Max Amini says comedy can bridge divide between Iran and America
The L.A.-based Iranian American comedian, who is touted as being the world's most watched comedian on the internet, comes home to the Dolby Theatre for six shows starting this weekend.
Rubio orders visiting Iranian UN delegation to leave NYC ahead of schedule
WASHINGTON (AP) — Secretary of State Marco Rubio ordered Iran’s foreign minister and his delegation to the U.N. General Assembly to leave New York earlier than
Iran indicates it’s received an official US response to its latest offer on ending the war
Iranian Foreign Minister Abbas Araghchi presented the U.S. response to President Masoud Pezeshkian at a Cabinet meeting, a government spokesperson told the state-run IRNA news agency.
Republican redistricting in Texas, Florida may not turn out as Trump had hoped
Even though the districts were redrawn to make them easier to win, the party remains weighed down by dissatisfaction with Trump, the economy, the war with Iran and the president's deportation agenda.
Shobeiri Zanjani: The quiet ayatollah who bridged Iran’s political divide
Grand Ayatollah Mousa Shobeiri Zanjani passed away on 20 September at the age of 98
UK business morale hits 17-month low, Lloyds says
British firms turned the least confident since April 2025 in September, according to a Lloyds survey on Wednesday that also showed executives' view of the global economic outlook darkened as the Iran war pushes up costs.
Oil prices fall on signs Middle East crude flows recovering
Oil prices declined as Saudi Arabia resumed crude exports via the East-West pipeline, easing concerns over supply disruptions amid the US-Israeli war on Iran.
Final show of the season for Modesto’s Fruit Yard Amphitheater set. Who, when
The singer has toured with musicians George Strait, Miranda Lambert and others.
‘It’s certainly a challenge for Nebraska families’: GOP senator who supports war in Iran on its economic impact
Are the midterms dictating Trump’s Iran strategy?
The president is apparently waiting until November to resume bombing
Rethinking Medicare home health
Liran Einav, Amy Finkelstein, Yunan Ji, and Neale Mahoney examine the design of the Medicare home health benefit. They assess the program’s objectives and offer reforms to better meet these goals.
Victoria Coates discusses US foreign policy on Iran, Taiwan
Heritage Foundation VP of National Security Victoria Coates and panelist Mike Lee discuss the latest U.S. foreign policy updates, focusing on indirect peace talks with Iran, military funding for Taiwan and ongoing economic pressure on Cuba.
The Beclowning of Scott Bessent
One iron law of current politics is that nobody who associates themselves with Donald Trump emerges with a shred of credibility. For some, that’s not a big loss — it’s not as if anyone respected Pete Hegseth even before he decided that the key to military success in an age of drones and AI was more testosterone. For others, however, the costs are real. I’m old enough to remember when Marco Rubio was widely considered a reasonable, thoughtful politician. Right now, however, my candidate for the biggest loser is Scott Bessent, the Secretary of the Treasury. Bessent started out with significant reputation to lose: When Trump selected him, this was the headline in the Financial Times: Jason Furman, Barack Obama’s chief economist, described him as a “credible Treasury secretary who has a real understanding of the global economy”. But Bessent has now transformed himself into the Baghdad Bob of bonds. Three weeks ago, after intervening (for reasons that remain somewhat unclear) to support the Japanese yen, Bessent boasted about his ability to move markets and dared investors to bet against his, declaring “I am the house now.” He then tried to push long-term interest rates down, buying 30-year U.S. Treasuries in a move some have compared to paying down part of your mortgage by running up your credit card balance. Here’s how that’s going so far: To get some perspective on how high interest rates have gone, here’s a longer-term perspective: We haven’t seen interest rates this high since the fading days of the dotcom bubble. Why are interest rates hitting new records? The backdrop, as I argued in last Sunday’s primer, is the huge AI-driven investment boom; more on that next week. But the immediate cause of the latest interest rate spike was Trump’s rejection of an Iranian proposal to end the war. This rejection sent crude oil prices, which for a while had fallen considerably, shooting back up: It’s notable, by the way, that oil prices remain high even though a significant amount of oil is now being shuttled through the Strait of Hormuz by night, on smaller vessels. That’s an interesting story, which has a lot to do with the fact that oil from the Hormuz shuttle runs must be transferred to larger vessels before being shipped to markets in Europe and Asia; around 15 percent of the world’s large crude carriers are now parked off the coast of Oman, waiting to be tanked up. This is creating a shipping crunch: But that’s a topic for another day. For now, the point is that with oil still high and refined products, especially diesel, still close to record levels, inflation will remain elevated. And this in turn means that the Federal Reserve will keep short-term interest rates high, an expectation that is feeding into longer-term rates. Hence Bessent’s bond-market humiliation. The truth is that Bessent might not have been able to get interest rates down even in the best of circumstances. But he certainly won’t get anywhere as long as Trump keeps believing that he can somehow convert his Iran debacle into a triumphant victory. And Trump will keep believing that as long as he is surrounded by sycophants who tell him what he wants to hear. Sycophants like, for example, Scott Bessent, who is predicting the imminent collapse of the Iranian economy, possibly within two weeks. Bessent is right to say that the embargo on Iranian oil exports is placing the country under great economic strain. But his implicit prediction that this will quickly produce a deal that Trump can call victory looks no more plausible than his boasts about the bond market. The big question now is, why would anyone with a reputation to lose work for Donald Trump? As the beclowning of Bessent shows, joining the Trump team won’t just damage your reputation; it will utterly destroy it.
Trump denies offering Iran sanctions relief for nuclear concessions
President uses social media post to deny reports that he was willing to ease sanctions in return for ‘concrete’ steps over its nuclear program
US-Iran talks continue, but ‘deal unlikely’ before midterm elections
OPINION: Indecisive politics behind U.S.-Iran ceasefire extension without agreement
A 60-day ceasefire between the United States and Iran expired in August without an agreement to extend it, underscoring what can be viewed as "indecisive" politics common to both countries.
Musician upholds 74 lashes for hijabless performance as Iran continues entertainment crackdown
The court found that a hijabless performance had violated “public decency through the production and publication of obscene and immoral content on cyberspace platforms.”
In Mike Johnson's district, the political mood is mixed for the GOP
Johnson is an ally of President Donald Trump and is in no apparent danger of securing a sixth term in Congress. But high prices, the war in Iran and the dim economic mood provide a snapshot of the grim outlook for the party in power.
Trump open to Iran sanctions relief for ‘concrete progress’ on nuclear issues, White House official says
President Donald Trump is willing to give Iran sanctions relief and release frozen funds for “concrete progress” on a nuclear deal, a US official told CNN Monday, as mediators try to bring both countries back to the negotiating table.
Jackson says Trump ‘owns’ Collins
Specifically, Jackson mentioned Collins’ vote to let the “big, beautiful bill” advance to the Senate floor, her support for $70 billion in funding for Immigration and Customs Enforcement and the war in Iran.
Trump administration lowers fuel economy standards, critics say at a significant environmental cost
The new rules were released shortly after President Donald Trump rejected an Iranian proposal to open the Strait of Hormuz, sending oil prices soaring.
Meta is launching an enterprise AI business, sending MongoDB stock plunging
Chirantan "CJ" Desai stepped down from MongoDB on Monday to become Meta's chief enterprise platform officer, reporting to Mark Zuckerberg
In Iowa, Republicans feel the heat and try to motivate ‘frustrated’ base
A combination of factors has made the state a tougher landscape for the GOP.
Tom Kean Jr. backs Trump on Iran and tariffs, if not local issues
Rep. Thomas Kean Jr. sought to distance himself slightly from President Donald Trump on Sunday as his Democratic opponent, Rebecca Bennett, reminded him of his years of loyalty to the president.
Leader: Enemy’s Hoped-for Past Will Never Return
TEHRAN (Tasnim) – Leader of the Islamic Revolution Ayatollah Seyed Mojtaba Hosseini Khamenei said the era Iran’s enemies seek to restore has ended forever, stressing that Iran has moved from dependence and humiliation to independence, strength and a prominent position in the Islamic world.
I had a simple meal-prep idea. My company now makes millions.
David Rabie grew up in an Iranian immigrant family full of entrepreneurs. Their experience shaped his tolerance for risk as he built Tovala.
Iran says it ‘has no plans to negotiate with US’ despite Trump claims
Trump had told Axios he expected talks to resume a day after he rejected Iran’s proposal to reopen the strait of Hormuz
Analysis | Trump says he has an off-ramp to his biggest political problem. He refuses to take it.
There is nothing holding back Republican political fortunes this year more than the war that President Donald Trump started with Iran.
Iran Ready to Resist Any Aggression, Even ‘Apocalyptic War’: Araghchi
TEHRAN (Tasnim) – Iran is fully prepared to confront any aggression and stands firm even if the confrontation escalates into an “apocalyptic war”, Foreign Minister Abbas Araqchi said, stressing that Tehran keeps the door open to diplomacy and a proposed seven-day plan to reopen the Strait of Hormuz.
Iran Condemns Attacks on Yemen’s Civilian Targets
TEHRAN (Tasnim) – The Iranian Foreign Ministry strongly condemned military attacks on various parts of Yemen that have killed and wounded scores of civilians and caused extensive damage to the country’s infrastructure, particularly deadly airstrikes on a market in Taiz.
Iran’s Foreign Ministry Marks 2nd Anniversary of Nasrallah’s Martyrdom
TEHRAN (Tasnim) – The Foreign Ministry of Iran commemorated the second anniversary of the martyrdom of Hezbollah Secretary General Sayyed Hassan Nasrallah, hailing his decades-long leadership of the Lebanese resistance and reaffirming Iran’s support for Lebanon’s sovereignty.
Arizona defense contractors see business boost as low-cost drones reshape Iran conflict
The war in Iran has raised gas prices and fueled inflation, but it has been good for defense contractors, including many based in Arizona.
Arizona defense contractors see business boost as low-cost drones reshape Iran conflict
The war in Iran has driven up gas prices and fueled inflation, but it has also benefited defense contractors, including many based in Arizona.
Arizona defense contractors see business boost as low-cost drones reshape Iran conflict
The war in Iran has driven up gas prices and fueled inflation, but it has also benefited defense contractors, including many based in Arizona.
Glamorgan welcome best ever Division One finish
Glamorgan captain Kiran Carlson says the team "would have bitten your hand off" at the start of the year to finish sixth in the Championship's top flight.
New Jersey Republican Tom Kean Jr. and Democrat Rebecca Bennett clash over war in Iran, tariffs
Tom Kean Jr., the New Jersey Republican congressman whose four-month absence from the House this year went unexplained until he disclosed that he was being treated for depression, clashed with
Stocks cautious in Asia as oil gains, yields rise
By Wayne Cole SYDNEY, Sept 28 (Reuters) - Share markets made a cautious start on Monday as oil prices popped higher again amid doubts the United States and Iran will
Mideast oil exports rebound in September as Saudi Arabia boosts shipments
Crude oil exports from key Middle East producers rebounded in September to 12.8 million barrels per day, the highest since the US-Israeli war with Iran started in February, data from Kpler showed on Monday, as Saudi Arabia and the United Arab Emirates boosted exports.
A Trump 2024 Campaign Ad Returns, Now Brought to You by The Government
The ad, which ethics experts said could violate federal law, shows Mr. Trump vowing to “expel warmongers” from the government and fight the “deep state,” even as he wages a war with Iran.
Iran's Supreme Leader Khamenei has no 'specific' health issues: President
Masoud Pezeshkian said despite US claims senior cleric was injured, he has held 2 meetings with Ayatollah Mojtaba Khamenei, and calls him 'completely healthy' | Anadolu
Sen. Kennedy urges Trump to focus on affordability, address nation on Iran ahead of midterm elections
As soaring energy prices crush businesses, France rolls out a new $500 million aid package, including help with commuting and heating costs
Fuel prices that have spiked since the start of the Iran war on Feb. 28 are dealing a hard blow to small businesses across Europe.
Pezeshkian Congratulates Turkmenistan on Independence Day
TEHRAN (Tasnim) – Iranian President Masoud Pezeshkian congratulated Turkmenistan on the anniversary of its Independence Day.
A ‘Big Problem’: Trump’s War With Iran Drags Down Republicans in Midterms
As their November picture darkens, and gas and diesel prices soar, some Republicans who backed the war for months are now changing their tune.
Iran Condemns Rutte’s Remarks on European Support for US Aggression
TEHRAN (Tasnim) – Iran condemned NATO chief’s remarks about the extensive use of European military bases in support of US war of aggression against Iran, warning that such assistance could raise questions of international responsibility for the countries involved.
Iran Won’t Back Off from Conditions for Reopening Hormuz: FM
TEHRAN (Tasnim) – Iran has clearly presented its conditions for reopening the Strait of Hormuz and advancing negotiations, Foreign Minister Abbas Araqchi said, stressing that Tehran will not back down from those conditions.
Developing Nations Urged to Counter US Unilateralism
TEHRAN (Tasnim) – Iranian Foreign Minister Abbas Araqchi called on developing countries to safeguard their common interests and counter the destructive US unilateralism and violations of international law.
Iran Praises Turkey’s Push for Regional Peace, Security
TEHRAN (Tasnim) – Iranian Foreign Minister Abbas Araqchi lauded Turkey’s efforts to strengthen peace and security in the region, calling for greater regional cooperation and mutual trust in the face of foreign intervention.
Sustainable Development Impossible without Peace: Araqchi
TEHRAN (Tasnim) – Sustainable development is impossible without peace, respect for international law and multilateralism, Iranian Foreign Minister Abbas Araqchi said, calling for international solidarity to be translated into tangible development outcomes.
Trump calls Iranian plan to reopen Strait of Hormuz not 'acceptable'
President Trump said he was rejecting an Iranian plan to reopen the Strait of Hormuz. The Iranian proposal is similar to a memorandum of understanding agreed upon by the U.S. and Iran back in June.
Trump calls Iranian plan to reopen Strait of Hormuz not 'acceptable'
President Trump said he was rejecting an Iranian plan to reopen the Strait of Hormuz. The Iranian proposal is similar to a memorandum of understanding agreed upon by the U.S. and Iran back in June.
Palantir’s co-founder thinks we should be less judgmental about that deadly Iran school strike
The AI-assisted attack at the start of Donald Trump's war killed more than 150 people, mostly children.
Trump Rejects Iran’s Cease-Fire Proposal to Reopen Strait of Hormuz
The president said the deal was not “acceptable” and demurred on whether he would restart military strikes after the midterm elections.
Trump rejects Iran's proposal to reopen the Strait of Hormuz
President Donald Trump has rejected Iran’s proposal to reopen the Strait of Hormuz. Trump spoke to reporters Saturday outside the White House before leaving for a college football game. His
How the war in Iran is creating chaos and uncertainty in sport
Analysing the potential impact on a range of events in the coming months, including F1, golf, tennis and cycling
New survey predicts trouble for Trump ahead of midterms
With just over five weeks until the midterm elections, CNN’s John King explains the key indicators he’s tracking.
Iran has suggested a deal to reopen the Strait of Hormuz in 7 days
Iran’s Foreign Minister Abbas Araghchi detailed the proposal in a private gathering on Thursday
Iran has suggested a deal to reopen the Strait of Hormuz in 7 days
Iran’s Foreign Minister Abbas Araghchi detailed the proposal in a private gathering on Thursday
Dunlap calls for crackdown on price gougers
Dunlap said if he’s elected to Congress, he would support cracking down on companies that gouge consumers, push to add more food safety inspectors and vote to end the war in Iran to bring down oil prices.
‘You’re going to see more of it’: Republican candidates increasingly distance themselves from Trump
On issues like the Iran war and the economy, a number of GOP candidates in competitive races are trying to show some separation from the president.
Intelligence from Chinese groups aiding in Iran’s increasingly effective targeting of US sites, sources say
Satellite imagery and intelligence support provided by Chinese groups has helped Iran threaten ships in the Strait of Hormuz and launch precision strikes on US military bases in the Middle East, part of a dramatic improvement in Iranian targeting capabilities over the past several months, according to a series of recent American intelligence assessments described to CNN by four sources.
The Houthis: Iran’s bargaining chip with Washington
The US views talks with the Houthis as a way to contain the scope of the conflict with Iran, while Tehran sees them as a means to translate military gains in the Red Sea into political gains
Iranian president claims Mojtaba Khamenei is in good health, able to govern
Iranian President Masoud Pezeshkian discusses Supreme Leader Mojtaba Khamenei’s health and his conversations with him on ‘Special Report.’
Analysis | Republicans are breaking from Trump on Iran. So what will they do about it?
Congress has rendered itself powerless to start and stop wars, despite the Constitution.
Senate rejects measure to block Trump from ordering more strikes on Iran
The administration ignored passage of a similar resolution in June, arguing that it lacks the force of law.
How every senator voted on the Iran war powers resolution
The Senate failed to block President Donald Trump from ordering further strikes on Iran in a 49-50 vote.
Iran war powers measure falls short in Senate, despite new GOP support
Netanyahu says attacking Iran was ‘one of the easiest decisions’ he’s ever made
He denounced as “moral cowards” a mass of delegates who walked out of the U.N. General Assembly when he took the podium to speak
Senate rejects resolution calling to end the Iran war, as most Republicans stick with Trump
The same resolution passed the House in July as voters say they disapprove of the war and some Republican candidates have distanced themselves from President Donald Trump.