US President Donald Trump said on Monday he had given orders to postpone any military strikes against Iranian power plants for five days, hours ahead of a deadline that threatened further escalation in the conflict now in its fourth week.
The US military's request for $200 billion in additional funding for the Iran war met with stiff opposition in the US Congress on Thursday, as Democrats and even some Republicans questioned the need for the money after large defence appropriations last year.
Markets are facing a 'double whammy' of energy volatility and trade tensions flaring up again, says a financial expert amid escalating conflict involving Iran, while the Trump administration simultaneously launches sweeping new trade investigations targeting many of the world’s largest economies.
US President Donald Trump's administration said it used $5.6 billion in munitions during the first two days of strikes against Iran in a report provided to US congressional committees, reported Reuters citing a source familiar with the information.
