Washington enters ‘new phase’ in Iran war, US House speaker says
Washington enters ‘new phase’ in Iran war, US House speaker says The speaker of the US House of Representatives, Mike Johnson, said on Sunday that the United States is entering “a new phase” in the war with Iran. “I think we’re going to get into a new phase here very soon. I believe our allied nations are going to assist in the next phase, and we’ll get this finished,” Johnson said in an…
The White House has announced an intensified economic assault on Iran through a series of new sanctions. Allies are being encouraged to participate; failure to do so may result in repercussions from the US Treasury and government. Iran's Foreign Minister, Abbas Araghchi, dismissed the threat of sanctions, labeling it a sign of desperation.
Despite this, gas prices have remained high, averaging $4.09 per gallon across the nation. Additionally, trade tensions with Canada are escalating, with Canada imposing 50% tariffs on longstanding trade partner. Canada's withdrawal from negotiations has been cited as a response to the situation. President's remarks, "Canada wants the benefits of being a state, without being one!!!" reflected frustration.
Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, warned that ongoing trade disputes could exacerbate inflation. As the midterms draw nearer, Republicans aim to capitalize on the issue of soaring prices.
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