War inflation hits German recovery
5 months ago
Germany's Bundesbank warned that price rises from the Middle East war were eroding Germany's economic recovery, risking stalled growth and higher inflation.
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Independent estimates warn the Iran War has cost $72B so far — nearly triple what Trump's DoD has admitted.
That's over $1 billion per day.
People don't want this. They want a living wage. They want healthcare. They want affordable housing. They want their basic needs met.
That's over $1 billion per day.
People don't want this. They want a living wage. They want healthcare. They want affordable housing. They want their basic needs met.
May 6, 2026 at 4:31 PM
Independent estimates warn the Iran War has cost $72B so far — nearly triple what Trump's DoD has admitted.
That's over $1 billion per day.
People don't want this. They want a living wage. They want healthcare. They want affordable housing. They want their basic needs met.
That's over $1 billion per day.
People don't want this. They want a living wage. They want healthcare. They want affordable housing. They want their basic needs met.
by Scott Lucas
#Iran Foreign Ministry cautions US: "The concept of 'negotiations' requires, at the very least, a genuine attempt to engage in discussions with a view to resolving the dispute. It needs 'good faith'."
#IranWar #StraitOfHormuz
#IranWar #StraitOfHormuz
US- #Israel War on #Iran, Day 69: #Trump Halts "Project Freedom" In #StraitOfHormuz After 36 Hours
#IranWar
eaworldview.com/2026/05/proj...
#IranWar
eaworldview.com/2026/05/proj...
US-Israel War on Iran, Day 69: Trump Halts "Project Freedom" In Strait of Hormuz After 36 Hours - EA WorldView
Donald Trump halts "Project Freedom", seeking to break Iran's control over the Strait of Hormuz amid the US-Israel War, after only 36 hours.
eaworldview.com
May 6, 2026 at 4:18 PM
#Iran Foreign Ministry cautions US: "The concept of 'negotiations' requires, at the very least, a genuine attempt to engage in discussions with a view to resolving the dispute. It needs 'good faith'."
#IranWar #StraitOfHormuz
#IranWar #StraitOfHormuz
The Iran war sent jet fuel prices sky-high. Here's what air travelers should know flip.it/pa9QH4
The Iran war sent jet fuel prices sky-high. Here's what air travelers should know
Fuel is airlines' second-largest expense, and getting even costlier due to the U.S. war with Iran. Airlines are looking for ways to cope, starting by hiking checked baggage fees for most fliers.
flip.it
May 6, 2026 at 4:06 PM
The Iran war sent jet fuel prices sky-high. Here's what air travelers should know flip.it/pa9QH4
It’s just incredible. The U.S. and Israel have basically lost this war with IRAN that they started. Now the Trump administration is trying to find a face saving way to absorb this ignominious loss while claiming ‘victory’. No one is buying what they are selling.
May 6, 2026 at 3:05 PM
It’s just incredible. The U.S. and Israel have basically lost this war with IRAN that they started. Now the Trump administration is trying to find a face saving way to absorb this ignominious loss while claiming ‘victory’. No one is buying what they are selling.
Reposted by Daniel W. Drezner
US President Donald Trump has issued an ultimatum for Iran to accept a deal to end the war or face renewed, more intense US bombing, in the latest of a series of abrupt policy shifts
'Higher level' bombing of Iran if no deal agreed - Trump
US President Donald Trump has issued an ultimatum for Iran to accept a deal to end the war or face renewed, more intense US bombing, in the latest of a series of abrupt policy shifts.
www.rte.ie
May 6, 2026 at 2:53 PM
US President Donald Trump has issued an ultimatum for Iran to accept a deal to end the war or face renewed, more intense US bombing, in the latest of a series of abrupt policy shifts
Countries ending up with inflationary (deflationary) pressures caused by uncertainty shocks conduct tighter (looser) monetary policies. papers.ssrn.com/sol3/papers...
May 6, 2026 at 2:30 PM
Countries ending up with inflationary (deflationary) pressures caused by uncertainty shocks conduct tighter (looser) monetary policies. papers.ssrn.com/sol3/papers...
Trump losing the other war too: open.substack.com/pub/paulkrug...
Trump Is Losing a Second War
The Iran debacle is accelerating the shift away from fossil fuels
open.substack.com
May 6, 2026 at 2:22 PM
Trump losing the other war too: open.substack.com/pub/paulkrug...
by Scott Lucas
#Iran pushes back US claim that deal is close over a 1-page memorandum about future negotiations
“American wish list [and] not a reality”
"Americans will not gain in a lost war what they failed to achieve in face-to-face negotiations. Iran has its finger on the trigger and is ready"
#IranWar
“American wish list [and] not a reality”
"Americans will not gain in a lost war what they failed to achieve in face-to-face negotiations. Iran has its finger on the trigger and is ready"
#IranWar
US- #Israel War on #Iran, Day 69: #Trump Halts "Project Freedom" In #StraitOfHormuz After 36 Hours
#IranWar
eaworldview.com/2026/05/proj...
#IranWar
eaworldview.com/2026/05/proj...
US-Israel War on Iran, Day 69: Trump Halts "Project Freedom" In Strait of Hormuz After 36 Hours - EA WorldView
Donald Trump halts "Project Freedom", seeking to break Iran's control over the Strait of Hormuz amid the US-Israel War, after only 36 hours.
eaworldview.com
May 6, 2026 at 1:46 PM
Will I understand the sequel to the Iran War if I didn't understand the first one?
May 6, 2026 at 1:39 PM
Will I understand the sequel to the Iran War if I didn't understand the first one?
by Scott Lucas
Brent crude oil price falls almost 6% today to $103.43 per barrel
Price dipped as low as $99.79 before rising amid questions about the prospects for further US- #Iran talks
#IranWar
Price dipped as low as $99.79 before rising amid questions about the prospects for further US- #Iran talks
#IranWar
US- #Israel War on #Iran, Day 69: #Trump Halts "Project Freedom" In #StraitOfHormuz After 36 Hours
#IranWar
eaworldview.com/2026/05/proj...
#IranWar
eaworldview.com/2026/05/proj...
US-Israel War on Iran, Day 69: Trump Halts "Project Freedom" In Strait of Hormuz After 36 Hours - EA WorldView
Donald Trump halts "Project Freedom", seeking to break Iran's control over the Strait of Hormuz amid the US-Israel War, after only 36 hours.
eaworldview.com
May 6, 2026 at 1:35 PM
After Claiming Progress in Talks with Iran and Oil Prices Tumble: “If they don’t agree, the bombing starts"
www.nytimes.com/live/2026/05...
www.nytimes.com/live/2026/05...
Iran War Live Updates: Trump Threatens Tehran After Claiming Progress in Talks
www.nytimes.com
May 6, 2026 at 12:59 PM
After Claiming Progress in Talks with Iran and Oil Prices Tumble: “If they don’t agree, the bombing starts"
www.nytimes.com/live/2026/05...
www.nytimes.com/live/2026/05...
"All the gear and no idea," as we Brits like to say.
None of the Iran War's stated strategic objectives have been achieved. Highly repressive regime still in Tehran, nuclear program still intact, missiles & drones still launching. And US now suddenly pausing effort to re-open Hormuz-- a problem that did not exist before the war. It's mind-boggling.
May 6, 2026 at 12:34 PM
"All the gear and no idea," as we Brits like to say.
Reposted by Daniel W. Drezner, James Cameron, Jacob T. Levy
None of the Iran War's stated strategic objectives have been achieved. Highly repressive regime still in Tehran, nuclear program still intact, missiles & drones still launching. And US now suddenly pausing effort to re-open Hormuz-- a problem that did not exist before the war. It's mind-boggling.
May 6, 2026 at 12:28 PM
None of the Iran War's stated strategic objectives have been achieved. Highly repressive regime still in Tehran, nuclear program still intact, missiles & drones still launching. And US now suddenly pausing effort to re-open Hormuz-- a problem that did not exist before the war. It's mind-boggling.
Reposted by Tom Griffin
Iran has hit far more U.S. military assets than reported, satellite images show
www.washingtonpost.com/investigatio...
www.washingtonpost.com/investigatio...
www.washingtonpost.com
May 6, 2026 at 11:20 AM
Iran has hit far more U.S. military assets than reported, satellite images show
www.washingtonpost.com/investigatio...
www.washingtonpost.com/investigatio...
Reposted by David R. Miller
Trump rhetoric on the war usually aims at lying to the American people and jawboning markets more than at trying to achieve something vis a vis Iran.
In that light, Trump saying "great progress" in talks means "'Project Freedom' embarrassingly failed."
Markets and media buy it, of course. For now.
In that light, Trump saying "great progress" in talks means "'Project Freedom' embarrassingly failed."
Markets and media buy it, of course. For now.
May 6, 2026 at 11:08 AM
Trump rhetoric on the war usually aims at lying to the American people and jawboning markets more than at trying to achieve something vis a vis Iran.
In that light, Trump saying "great progress" in talks means "'Project Freedom' embarrassingly failed."
Markets and media buy it, of course. For now.
In that light, Trump saying "great progress" in talks means "'Project Freedom' embarrassingly failed."
Markets and media buy it, of course. For now.
Last year @dsmitheconomics.bsky.social noted the relative strength of household finances and predicted the UK economy might outperform expectations as a result.
Seems he was right - but of course Trump's war means we may not feel the benefits for long.
www.thetimes.com/business/eco...
Seems he was right - but of course Trump's war means we may not feel the benefits for long.
www.thetimes.com/business/eco...
Economy is holding up in face of energy shock — what’s going on?
The UK is proving surprisingly resilient as the effects of the Iran war go through the global economy, but beware the second half of the year
www.thetimes.com
May 6, 2026 at 11:01 AM
Last year @dsmitheconomics.bsky.social noted the relative strength of household finances and predicted the UK economy might outperform expectations as a result.
Seems he was right - but of course Trump's war means we may not feel the benefits for long.
www.thetimes.com/business/eco...
Seems he was right - but of course Trump's war means we may not feel the benefits for long.
www.thetimes.com/business/eco...
This paper published in International Finance shows that bilateral currency crises can have a significant impact on international trade and welfare costs. doi.org/10.1111/infi.12385
May 6, 2026 at 11:00 AM
This paper published in International Finance shows that bilateral currency crises can have a significant impact on international trade and welfare costs. doi.org/10.1111/infi.12385