Dorothy

President Donald Trump's approval rating has plummeted to a record low during his second term in office, and is now tied for his lowest approval rating ever as commander-in-chief, according to a new poll.

The threat followed an opaque warning from Treasury Secretary Scott Bessent that additional sanctions were on the way. The Cabinet secretary indicated that the measures were part of a tactical shift, nearly six months into a war that's shown no signs of stopping. Both countries have said no negotiations are taking place and are in dispute over who controls the Strait of Hormuz and whether it is open.

The Strait of Hormuz lies between Iran and Oman and has emerged as the chief pressure point in the geopolitical conflict due to its strategic placement as a global oil channel.

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Iran on Thursday dismissed U.S. President Donald Trump’ s threats of economic pain and isolation, while the U.K and other nations condemned Israel over a controversial settlement project.

Trump now says the attacks on commercial shipping are of "nuisance value." After President Donald Trump declared the memorandum of understanding between the U.S. and Iran was "over" on July 7, he threatened heavy strikes on Iran whenever commercial vessels were hit in the Strait of Hormuz or the Bab al-Mandeb Strait.

According to CNN’s Fareed Zakaria, Iran has been under international economic sanctions for decades, and there were few measures the U.S. could take outside of sanctioning or cutting off relations with Tehran’s largest trading partners.

With the war in Iran in stalemate and midterm elections less than three months away, Trump is asking voters for time. Read Full Article ⟶

The U.S. Treasury reports the national debt has passed the $40 trillion mark — months earlier than previously expected, mostly due to lost revenue from President Trump’s tariffs. And there’s no sign of deficit spending ending anytime soon, as the Pentagon seeks tens of billions of additional dollars to pay for the U.S. and Israeli war on Iran, and after the Trump administration in April asked Congress to boost war spending to $1.5 trillion. During his 2016 campaign, Donald Trump pledged to “completely eliminate” what was then a $19 trillion debt within eight years.

Trump’s new crackdown comes as Iran’s economy is already in a catastrophic tailspin. Data from the exchange-rate monitor Bonbast shows the Iranian rial has undergone a catastrophic collapse. On the open market, the currency has plummeted to a staggering 1,374,600 rials to one US dollar. Over the last 20 years, the rial has lost more than 99% of its purchasing power; in 2006 the exchange rate was 9,200 rials per dollar. While Tehran attempts to hide behind a fictional “official” rate of 42,000 rials per dollar, the reality is quite different.