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Iran's vice president warns of 'dark months' for US economy amid war

Aref declared that the recent wave of US military attacks on Iranian soil has permanently altered Tehran's security equations.

Iran’s First Vice President Mohammad Reza Aref. (Photo: File)

POLITICS

US Democratic senator slams Trump, oil giants for ‘crazy’ profits over war on Iran

A US Democratic senator slams President Donald Trump and his “oil buddies” for profiteering in the war on Iran.

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FOREIGN POLICY

Trump: US made deal with Venezuela to control 65 billion barrels of its oil

US President Donald Trump says his administration made a deal with Venezuela to control 65 billion barrels of its oil.

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FOREIGN POLICY

US petroleum reserve plunges to 40-year low, sparking alarm over energy security

The Trump administration has drained America’s Strategic Petroleum Reserve (SPR) to its lowest level in over four decades.

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IN-DEPTH

Global impact of US war against Iran

The US war against Iran has significantly impacted global economies, particularly affecting energy and basic goods prices. The poor and working class are disproportionately affected, while the top 1% benefit from increased corporate profits.

Impact of Iran war on fuel

ECONOMY

War on Iran pushes US debt toward $40 trillion as borrowing costs surge

The US national debt is set to cross $40 trillion earlier than previously expected as higher oil prices, inflation concerns, rising government borrowing and uncertainty over massive AI investments drive long-term bond yields higher across major economies.

US

IN-DEPTH

Trump economics after 18 months

Donald Trump's economic policies are highlighted by unfulfilled promises, increased inflation, and decreasing factory jobs, compounded by the negative impact of tariffs, the Iran war, and military spending on the US economy.

US Economic Decline