Washington Post: In a Truth Social post Monday, Trump said Qatari Emir Tamim bin Hamad Al Thani, Saudi Arabian Crown Prince Mohammed bin Salman and United Arab Emirates President Mohamed bin Zayed al-Nahyan had asked him to “hold off” on a planned military strike on Iran — originally scheduled for Tuesday — in light of “serious negotiations” on a peace deal.
“Based on my respect for the above mentioned Leaders,” Trump wrote, he had instructed U.S. military leaders “that we will NOT be doing the scheduled attack of Iran tomorrow.”…
Iran energy crisis at tipping point as peak summer season approaches
Nearly 80 countries have now introduced emergency measures to protect their economies as the world approaches a new, more dangerous phase in the energy crisis driven by the Iran war.
…Paul Diggle, chief economist at fund manager Aberdeen, said his team was now examining a scenario where Brent crude rockets to $180 a barrel, causing surging inflation and recessions in a host of European and Asian countries…
European oil refiners and airlines have ‘almost zero’ jet fuel shortage concerns
The loss of supplies from the Middle East during the Iran war has threatened to upend the airline industry, but Ryanair boss Michael O’Leary said on Monday that he had “almost zero concerns about fuel supplies across Europe” for the summer.
“There was a real concern about a month, two months ago,” he said. But increased supplies from the US, west Africa and Norway, combined with some airlines in central Europe taking fuel from Russia, mean supply to the continent will now be fine, he predicted…
‘Won’t be anything left’: Trump issues warning to Iran after national security team meeting
Vice President JD Vance, Secretary of State Marco Rubio, CIA Director John Ratcliffe and special envoy Steve Witkoff all attended the meeting at the president’s Virginia golf club, the source said. The gathering occurred just hours after Trump arrived back in Washington from a high-stakes visit to China, a nation with close ties to Iran.
Sweeping the strait: the companies gearing up to clear the Gulf of mines
Defence companies and marine contractors are preparing to deploy uncrewed mine-clearing systems in and around the Strait of Hormuz, as efforts to reopen the vital shipping lane draw attention to a new generation of naval drones…
The Iran War Is Crippling One of the World’s Wealthiest Nations
Iranian attacks and the stoppage of seaborne transit have paralyzed Qatar’s vital gas exports, stalling the economic pivots intended to anchor the country’s growth…
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…
In Iraqi Desert, Two Israeli Outposts Were Kept Secret for Months
Israel spent over a year preparing a covert site in Iraq for its operations against Iran, regional officials say. Iraqi officials later confirmed the existence of a second base…