{"id":525896,"date":"2026-03-16T00:18:12","date_gmt":"2026-03-16T00:18:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/525896\/"},"modified":"2026-03-16T00:18:12","modified_gmt":"2026-03-16T00:18:12","slug":"iran-war-rages-with-no-end-in-sight-and-global-economy-on-the-brink","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/525896\/","title":{"rendered":"Iran war rages with no end in sight and global economy on the brink"},"content":{"rendered":"

The U.S.-Israeli war with Iran stretched into its sixteenth day on Sunday with more U.S. troops and warships<\/a> headed to the Middle East and President Donald Trump urging other countries to send warships to the region to help reopen the Strait of Hormuz, the closure of which has sent gas prices soaring.<\/p>\n

Energy Secretary Chris Wright said there were no guarantees that oil prices will come down in the coming weeks even as he defended the U.S. military operation. \u201cThere\u2019s no guarantees in wars at all,\u201d he said on ABC\u2019s \u201cThis Week.\u201d<\/p>\n

Israel said it launched new strikes on Iran, which retaliated with fresh strikes on Israel and U.S. targets in neighboring countries. And U.S. Central Command said \u201cstrikes from U.S. forces continue to be unpredictable, dynamic, and decisive\u201d touting Sunday morning<\/a> that \u201cU.S. dominance builds over vast swaths of Iran.\u201d<\/p>\n

But the cost of the war<\/a> is mounting. Kevin Hassett, director of the White House\u2019s National Economic Council, said Sunday on CBS News\u2019 \u201cFace the Nation\u201d that the United States has spent $12 billion \u201cso far\u201d on the war. But he predicted the \u201cglobal economy is going to have a big positive shock as soon as this is over.\u201d<\/p>\n

The Pentagon on Saturday night identified the six U.S. service members killed last week when a refueling aircraft crashed in Iraq. They were: Maj. John A. Klinner, 33, of Auburn, Ala.; Capt. Ariana G. Savino, 31, of Covington, Wash.; Tech. Sgt. Ashley B. Pruitt, 34, of Bardstown, Ky., Capt. Seth R. Koval, 38, of Mooresville, Ind.; Capt. Curtis J. Angst, 30, of Wilmington, Ohio; Tech. Sgt. Tyler H. Simmons, 28, of Columbus, Ohio.<\/p>\n

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Iran\u2019s effective shutdown of the Strait of Hormuz, a critical oil and gas chokepoint and shipping route, continues to severely disrupt global markets. Gas prices continue to rise<\/a> amid the war, averaging roughly $3.67 per gallon, according to motorist group AAA. Last month\u2019s average was $2.93.
At least 1,319 Iranians, including more than 200 children, have been killed<\/a> since the war began, according to U.S.-based Human Rights Activists News Agency. The International Organization for Migration said Sunday that deteriorating conditions in Iranian cities were \u201cdriving increasingly complex mobility patterns,\u201d forcing many to leave their homes for safer areas or even neighboring countries like Afghanistan and Pakistan. <\/p>\n

\tRecommended<\/p>\n

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\n\t\t\t\t\t\tErum Salam<\/a>\t\t<\/p>\n

\n\t\t\t\t\t\tErum Salam is a breaking news reporter for MS NOW, with a focus on how global events and foreign policy shape U.S. politics. She previously was a breaking news reporter for The Guardian.\t\t<\/p>\n<\/p>\n

\"MS<\/p>\n

\u00a9\u00a02026 Versant Media, LLC<\/p>\n

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