Trump is expected to press defense industry leaders to speed weapons production as the war with Iran strains U.S. missile stockpiles. Officials and experts have warned that replenishing key systems could take years.
Posts tagged as “the Iran war”
U.S. inflation rose to 4.2% in May, the highest level in three years, as energy costs tied to the Iran war continued to climb. Core inflation increased 2.9%, while wage growth lagged behind the broader rise in prices.
Renewed Israel-Iran fighting has deepened political pressure on Benjamin Netanyahu as he faces domestic calls for escalation and public demands for restraint from Donald Trump. Both sides have signaled a halt, but the clash has highlighted the fragile state of regional ceasefire efforts.
Israel and Iran exchanged strikes early Monday in the most serious crossfire since an April ceasefire, while Yemen’s Houthis fired toward Israel and renewed threats against Red Sea shipping. U.S. President Donald Trump reportedly urged Benjamin Netanyahu not to retaliate immediately.
The Pentagon’s Defense Intelligence Agency has reportedly raised its counterintelligence threat assessment for Israel to “critical” amid concerns over surveillance of U.S. officials. Israel denied spying on the United States, calling the allegations “completely false.”
Iran launched missiles and drones toward Kuwait and Bahrain after US strikes on Iranian sites, raising pressure on stalled talks over a ceasefire. The escalation came as Israeli strikes in Lebanon killed nine people, including Lebanese soldiers.
U.S. employers added 172,000 jobs in May and the unemployment rate stayed at 4.3%, signaling a resilient labor market. The strong report comes as inflation and energy prices rise, complicating the Federal Reserve’s next interest rate decision.
Trump confirmed he used harsh language with Netanyahu during a call that halted planned Israeli strikes on Beirut. Netanyahu downplayed any rift, saying the two leaders remain close despite “tactical disagreements.”