All posts tagged: Iranwar

Congress Can’t Meet Its Own Iran-War Deadline

Congress Can’t Meet Its Own Iran-War Deadline

This is an edition of The Atlantic Daily, a newsletter that guides you through the biggest stories of the day, helps you discover new ideas, and recommends the best in culture. Sign up for it here. Most wars take a long time to achieve quagmire status, but Donald Trump’s Iran war is precocious. Just 60 days have passed since the president formally notified Congress about the military action there, on March 2. (The first air strikes had begun two days earlier.) That makes today the deadline, under the War Powers Resolution (WPR), for the president to end the war, Congress to authorize it, or Trump to invoke a 30-day extension for withdrawal. Even though the deadline is written into law, it seems likely that none of these things will happen. Given a chance to rein in a wildly unpopular, unsuccessful, and likely illegal war, Congress might just do nothing—the latest sign of how ineffectual the body has become. The administration and Republican leaders have decided to pretend the war is simply over, freeing themselves of …

Trump’s plans to lower Iran-war oil prices aren’t working. What could.

Trump’s plans to lower Iran-war oil prices aren’t working. What could.

The Trump administration has rolled out a series of measures to attempt to blunt the blow of the Iran-driven oil-price hike, and yet prices remain stubbornly high. As the war rolls on, it is becoming clear there isn’t much the U.S. or any other government can do to provide relief from higher oil prices short of ending the conflict.  It will take a military breakthrough to get oil flowing and reduce energy prices. That means this episode is sharply different from past market crises that President Donald Trump has muddled through. A pattern of escalating political tensions followed by fast economic relief that has held through Trump’s second presidency may finally be breaking. This is a problem Trump can’t solve through economic policy. The economic math is uncompromising. The war will cut the global supply of oil by about 8 million barrels a day in March, the International Energy Agency estimated Thursday. That accounts for the near-closure of the Strait of Hormuz, the narrow waterway bordered by Iran that carries as much as 20 million …