THE HALFAX HEIMDALL AUGUR

Iran War undercuts Trump's economic boasts - Newsweek By Hugh Cameron U.S. News Reporter 0 Share Newsweek is a Trust Project member See more of our trusted coverage when you search. Prefer Newsweek on Google to see more of our trusted coverage when you search. Rising oil and gas prices triggered by the U.S. conflict with Iran are undercutting President Donald Trump ’s long‑running claims of a booming American economy . The energy shock is hitting just as inflation remains stubborn and the Federal Reserve weighs whether higher costs have closed the door on interest‑rate cuts this year. Households and businesses are already feeling the impact through higher fuel prices and growing uncertainty, with economists warning the economic fallout could linger well beyond the war itself. Read More on U.S. Prior to the war beginning on February 28, the health of the U.S. economy — though questioned by many experts — had been a point of pride for the administration. ... The story from the White House podium was that markets, business and consumers were, under Trump's watch, thriving — a fact that justified the president awarding himself an "A+++++" grade on this key issue. Trump’s ‘Booming Econ…

Iran war fuels political backlash, inflation debate in the US <p>WASHINGTON: Rising inflation and persistent energy price pressures have sharpened political divisions in Washington, with Democrats <a href="https://www.dawn.com/news/2001121#:~:text=Other%20Democrats%2C%20including%20Representative%20Ro%20Khanna%2C%20have%20focused%20on%20domestic%20economic%20consequences%2C%20accusing%20the%20administration%20of%20aggravating%20inflation%20and%20fuel%20prices%20despite%20earlier%20campaign%20promises%20to%20reduce%20living%20costs.">blaming</a> President Donald Trump’s Iran policy and trade agenda for worsening economic conditions for American households.</p> <p>The latest figures showing inflation at 4.2 per cent in May, compared with wage growth of 3.4pc over the same period, have revived concerns that real incomes are being eroded as the cost of living continues to rise.</p> <p>Senate Democratic leader Chuck Schumer criticised the administration’s handling of the economy and foreign policy in a sharply worded social media post.</p> <p>“Another month of Trump’s illegal Iran war, another month of Trump’s tariffs, another month of Republican control of Congress. The result? A new …

Mehdi Hasan Busts 1 GOP Myth In Rant: 'One Of The Great ... - HuffPost LOADING ERROR LOADING Journalist Mehdi Hasan on Monday dismantled a narrative held by untold Republicans that their party is fiscally conservative, citing counter-evidence and skewering President Donald Trump over his costly, deadly and ongoing war on Iran . Hasan and Zeteo reporter Prem Thakker were discussing a global surge in energy prices resulting from Iran closing the Strait of Hormuz , through which a fifth of the world’s oil passes, after Trump launched strikes on Iran last month. Advertisement “Donald Trump’s response is to simply dismiss it and attack people for criticizing him,” said Hasan during the live-streamed conversation . “And say, ‘Well, you need to endure short-term high prices, it’ll be fine later.’ Which is not what he said on the campaign trail.” The Zeteo founder continued, “He said he was going to reduce prices on day one, which he already failed to do. Inflation has not gone down in the year he’s been in office, his tariffs bumped up inflation and now we’re going to have this massive oil price shock.” Trump indeed promised on the campaign trail to reduce general prices and tackle infla…

U.S. Economy Shows Strains From Iran War - Foreign Policy Analysis Trump’s War Is Wrecking Trump’s Economy Inflation is rising and fault lines are widening on disruptions from history’s biggest energy shock. By Keith Johnson , a staff writer at Foreign Policy covering geoeconomics and energy. U.S. President Donald Trump waves after stepping off Marine One on the South Lawn of the White House in Washington, D.C. U.S. President Donald Trump waves after stepping off Marine One on the South Lawn of the White House in Washington, D.C., on May 15. Alex Wroblewski/AFP via Getty Images Get audio access with any FP subscription. Subscribe Now ALREADY AN FP SUBSCRIBER? LOGIN May 20, 2026, 3:07 PM Iran War Analysis and news. The U.S. war on Iran has upended energy markets and gut-punched the global economy, especially countries in Asia, the Middle East, Africa, and Europe. But the United States is not nearly as immune to the economic fallout from the war as U.S. President Donald Trump seems to think—and it is starting to show. There is a whole slew of economic indicators flashing “check engine” across the dashboard of the U.S. economy that show that the prolonged war in the Middle East is re…