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Related stories: 'TWO WEEK PAUSE' IRAN REOPENS STRAIT OIL PRICE PLUNGE 10 DEMANDS BOOK: LEAKS, LEAKS, LEAKS!
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Related stories: Red lights flashing on scarcity... POPE: USA threats 'unacceptable'...
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The vice president traveled to Budapest as Trump's deadline for an Iran deal loomed Tuesday, backing the administration's closest ideological ally in Europe.
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Republicans won in 2024 by promising to cut the cost of living, but high prices at the pump are frustrating voters and providing a potent line of attack for the midterms.
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The announcement came less than two hours before Trump's deadline was set to expire.
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West was due to headline the festival in July but drew criticism over past antisemitic comments.
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We speak with two Iranian scholars ahead of an 8 p.m. ET deadline set by President Donald Trump for Iran to reopen the Strait of Hormuz or face destruction of all its power plants, bridges and other civilian infrastructure. Twelve hours ahead of the deadline, the president posted on social media, "A whole civilization will die tonight, never to be brought back again. I don't want that to happen, but it probably will."
Iran has blocked most maritime traffic through the Strait of Hormuz since the start of the U.S.-Israeli war, leading to a sharp increase in oil and gas prices around the world. Mohammad Eslami, a research fellow at the University of Tehran, and Zeynab Malakouti, a senior fellow at the Global Peace Institute at the National University of Singapore, say Iran is likely to maintain long-term control over the strait even after the fighting stops.
"While Donald Trump and the U.S. Army and the Israeli army are focused on the battle, Iranians are thinking about the war," says Eslami, adding that Iran has prepared for "at least three months of war," while rising oil prices will make it increasingly difficult for the U.S. to sustain the fighting.
"Iran sees the Strait of Hormuz as a longer-term strategic lever, especially for the postwar period," adds Malakouti, speaking from Shanghai.
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President Trump has threatened to launch a massive attack targeting bridges, power plants and other civilian facilities by Tuesday evening.
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As deadlines approach in the next two weeks, neither is going quite according to the partisan plan.
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