Iran war threatens to erase the economic bump from bigger tax refunds

Americans are poised to receive bigger refunds when they file their taxes this year than they did in 2025, due to changes in the tax code. Already, U.S. households have received an average federal tax refund of $3,742, according to IRS data as of Feb. 27. That’s about 10.6% higher than the average refund was … Read more

FCC chair threatens news networks’ licenses amid Trump’s criticism of Iran war coverage

Federal Communications Commission Chair Brendan Carr threatened to revoke broadcast licenses on Saturday, echoing criticism from President Trump over news networks’ coverage of the U.S.-Israeli war in Iran.  “Broadcasters that are running hoaxes and news distortions – also known as the fake news – have a chance now to correct course before their license renewals … Read more

The Latest: Trump threatens Iran’s oil infrastructure after US bombs island military sites

President Donald Trump said U.S. forces on Friday “obliterated” targets on Iran’s Kharg Island, which is home to the primary terminal that handles the country’s oil exports. The speaker of the Iranian Parliament had warned that such strikes would provoke a new level of retaliation. Meanwhile, an American official said 2,500 more Marines and an … Read more

US bombs military sites on Iranian island as Trump threatens its oil infrastructure

DUBAI, United Arab Emirates — President Donald Trump said the U.S. destroyed military sites on an island vital to Iran’s oil network and warned that its oil infrastructure could be next if Iran continues to interfere with the passage of ships through the Strait of Hormuz. Trump said U.S. forces on Friday “obliterated” targets on … Read more

Thune stands firm on SAVE America Act as Trump threatens legislative blockade

Washington — Senate Majority Leader John Thune made clear Tuesday that an elections bill known as the SAVE America Act faces an unlikely path to passage, reiterating his skepticism about the bill’s chances as President Trump threatens a legislative blockade until Congress approves the measure. “There are no easy ways to do this,” Thune told … Read more

Iran threatens to shut down Persian Gulf shipping lanes as it launches new attacks

Iran has threatened to shut down Persian Gulf shipping lanes. It comes as it steps up strikes on Gulf states and Israel, with Qatar saying it intercepted 17 Iranian ballistic missile attacks on Monday alone. President Trump said the U.S. has decimated Iran’s missile capacity. Matt Gutman has the latest. Source link

Trump threatens more strikes if Iran halts world oil supply

IE 11 is not supported. For an optimal experience visit our site on another browser. Now Playing Trump threatens more strikes if Iran halts world oil supply 00:58 UP NEXT Blasts spotted in Beirut as Israel continues strikes 00:19 Celebrations in Tehran as new Iranian leader selected 00:30 Seventh American dies from war with Iran … Read more

Toxic rain mixed with oil rains down on Tehran as expanding war threatens new global shock

Thick black smoke billowed into the sky, making day seem more like night. Toxic rain mixed with oil fell from the air, while a central boulevard was lined by a wall of flame. This was the scene in Tehran on Sunday following a night of Israeli airstrikes on the city’s oil facilities. It may also … Read more

Iran war threatens Trump’s affordability push as rising energy prices complicate Fed rate cuts

The war with Iran is quickly becoming an economic problem for the United States — and a policy dilemma for the Federal Reserve. Rising oil prices, shipping disruptions in the Middle East and fresh signs of weakness in the U.S. labor market are creating a complicated backdrop just as inflation had begun to show some … Read more