7 Mar 2026

The conflict between the US and Iran, initiated by Donald Trump, has escalated to involve multiple countries in the Middle East. Trump’s demand for Iran’s unconditional surrender raises concerns about the potential for a prolonged war and the need for American troops on the ground. The financial cost of the conflict, estimated at a billion dollars a day, further complicates the situation.

The US President’s handling of the Iran conflict is criticised for lacking preparation and consultation with the Department of Homeland Security. Concerns are raised about the potential for cyber attacks and the dismantling of the Cybersecurity and Infrastructure Security Agency. The situation is further complicated by reports of Russia providing targeting information to Iran and China potentially arming Iran, escalating the risk of a wider conflict.

The White House is facing challenges with rising gas prices, which have increased by nearly 50 cents a month, erasing a previous 10-cent decrease. President Trump is downplaying the issue, suggesting the spike is temporary. Meanwhile, new reporting reveals a 2015 DEA investigation into Jeffrey Epstein and 12 others for money laundering, drug trafficking, and prostitution, raising questions about law enforcement’s prior knowledge of Epstein’s activities.

The US economy is facing challenges with a weakening labour market, persistent inflation, and potential stagflation. The situation is further complicated by the ongoing conflict in the Middle East, which could lead to increased oil prices and economic instability. The Federal Reserve is limited in its ability to address these issues, having already utilised most of its tools.