Posts tagged as “Gene Hackman’”

US Inflation Steady at 2.4% in February as Iran Conflict Sparks Surge in Energy Prices and Economic Uncertainty
March 11, 2026 |
Financial, US and World
Inflation in the United States remained steady in February, with the Consumer Price Index rising 2.4% annually, slightly below expectations, before the recent surge in oil prices caused by the Iran conflict. The war has sharply increased gasoline prices and disrupted global oil supply via the Strait of Hormuz, raising concerns that energy cost spikes could reverse progress in controlling inflation. As the Federal Reserve prepares for its March interest rate decision, economic uncertainties—including weakening job growth and inflation risks—have led analysts to anticipate a cautious approach amid heightened uncertainty.
US Military Investigation Links Outdated Intelligence to Deadly Missile Strike on Iranian Elementary School Amid Ongoing US-Israel Offensive
March 11, 2026 |
Crime, US and World
An internal U.S. military investigation preliminarily found that outdated intelligence led to a missile strike on an elementary school in Iran, killing over 170 civilians, mostly children, during a coordinated U.S.-Israeli operation. The strike mistakenly targeted the school, which had been inaccurately identified as a military site based on old intelligence, with evidence pointing to an American Tomahawk missile. Meanwhile, Iran retaliated with attacks killing six U.S. Army Reserve soldiers in Kuwait, escalating the ongoing conflict that the U.S. administration expects to continue for several weeks.
US Government Launches $20 Billion Insurance Program to Protect Shipping in Persian Gulf Amid Rising Tensions
March 11, 2026 |
Financial, US and World
The U.S. government, through the International Development Finance Corporation (DFC), has launched a new initiative to provide political risk insurance for ships navigating the Persian Gulf amid escalating attacks and rising insurance premiums. This program, in partnership with insurer Chubb, aims to ensure the continued flow of energy supplies through the Strait of Hormuz by covering losses up to $20 billion, addressing the withdrawal of private war risk coverage. The move responds to recent vessel attacks that have drastically reduced maritime traffic and driven up global oil prices, though it raises concerns about potential financial risks for American taxpayers and the scope of coverage for non-U.S. ships.