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Economics1h 59m ago

Speaking to Fox yesterday, Donald Trump said he planned to take over Kharg Island, the epicenter of Iran’s oil infrastructure, and later flipped his position yesterday afternoon, cancelling threatened airstrikes while claiming the stock market likes a deal and a signing would be 'very soon'.

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Kharg Island, Iran

Who
Donald Trump
What
Speaking to Fox yesterday, Donald Trump said he planned to take over Kharg Island, the epicenter of Iran’s oil infrastructure, and later flipped his position yesterday afternoon, cancelling threatened airstrikes while claiming the stock market likes a deal and a signing would be 'very soon'.
When
Fri, 12 Jun 2026 07:00:36 GMT · 1h 59m ago
Where
Kharg Island, Iran ·
Why
Donald Trump's agenda is running into reality as contradictions mount on Iran, inflation, intelligence appointments and more.
The Frontline Impact

How this affects you

Former President Donald Trump made a politically charged comment about 'loving inflation' as the annual rate surged to 4.2 percent, the highest in three years, and then attempted to justify it by suggesting it was a tactic against Iran, revealing a potential disconnect with ordinary Americans' financial concerns.

Story chain

5 events in this thread
  1. Currently Reading1h 59m ago
    Speaking to Fox yesterday, Donald Trump said he planned to take over Kharg Island, the epicenter of Iran’s oil infrastructure, and later flipped his position yesterday afternoon, cancelling threatened airstrikes while claiming the stock market likes a deal and a signing would be 'very soon'.
  2. Economics2h 46m ago
    The UK economy declined by 0.1 per cent in April, according to the Office for National Statistics.
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  3. Economics3h 57m ago
    The European Central Bank will keep all options open for its July policy meeting and will be ready to act again if necessary to stop an Iran-war-induced energy price surge from spreading, said Bundesbank President Joachim Nagel.
    Open article
  4. Economics4h 34m ago
    Stock markets rallied on Friday, with the Sensex surging over 800 points and the Nifty gaining more than 1%, due to easing tensions between the US and Iran, which led to a sharp fall in crude oil prices.
    Open article
  5. Economics5h 9m ago
    The World Bank has warned that the US and Israel’s war on Iran could slow global economic growth to its weakest level since the Covid-19 pandemic.
    Open article

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