War
Trump delivers primetime address on Iran war progress
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President Donald Trump addressed the nation in a primetime speech on April 1, 2026, providing an update on the U.S. military engagement in Iran, now in its second month. He claimed swift victories, outlined simple objectives including crippling Iran's military and nuclear program, and predicted completion in two to three weeks. The address drew mixed reactions from Republicans and volatile market responses.
US President Donald Trump stated on Friday in a letter to Congress that hostilities against Iran are «over». The announcement comes on the 60-day deadline for congressional authorization. Iran submitted a new conflict resolution proposal, but Trump said he was «not satisfied».
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Following TotalEnergies CEO Patrick Pouyanné's stark warning of impending energy shortages, other French business leaders like LVMH's Bernard Arnault and Saint-Gobain's Benoit Bazin express growing alarm over the economic fallout from two months of US-Iran conflict and the Strait of Hormuz blockade. President Macron seeks to reassure, but concerns mount.
Global oil prices are poised for their strongest monthly gain on record, with Brent crude nearing a 60% March surge due to the Iran war. US President Donald Trump indicated he is considering an exit from the conflict despite ongoing disruptions in the Strait of Hormuz. Tanker attacks continue to choke supplies.
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The Kenyan shilling traded at Ksh129.72 against the US dollar on Thursday, down from Ksh129.30 on March 12, as the US-Israel war against Iran persists. Investors are rushing to the dollar as a safe haven amid surging oil prices. Experts warn of risks from imported inflation and rising living costs.
US President Donald Trump has backed withdrawing American military bases from Spain and other NATO allies not cooperating on Strait of Hormuz security. He made the remarks at a White House press conference, calling Alliance partners “cowards” for not joining the war against Iran. The stance comes amid Tehran's closure of the strait in a conflict exceeding three weeks.
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Israeli Prime Minister Benjamin Netanyahu has hinted at the possibility of a ground operation in Iran to help topple the regime, stating that a revolution cannot be done from the air alone. The remarks come after Israel's attack on the South Pars gas field and amid a war entering its third week. Netanyahu also claimed Iran no longer has the capacity to enrich uranium or produce ballistic missiles.
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