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;Resize=(620)) Joe Kent, the former U.S. counterterrorism director who resigned this week over concerns about the Iran war, said Wednesday during an appearance on Tucker Carlson's podcast that he and other senior officials "were not allowed" to share doubts about the U.S. airstrikes with President Donald Trump.
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The Bank of Japan kept its rates steady at 0.75% as expected, but noted that inflation risks now are tilted to the upside due to the Iran war.
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Declaring victory and ending the war might not be so easy.
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The conflict continues to roil global energy markets. On Wednesday, an attack on Iran's South Pars gas field sent energy prices soaring.
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Global markets slid after the Federal Reserve held rates steady and warned of persistent inflation, while an Iranian missile strike caused "extensive damage" to Qatar's Ras Laffan LNG hub, heightening fears of a fresh energy shock.
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Investors in Asia will look toward the Bank of Japan decision, which is expected to hold rates at 0.75%.
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Before the conflict began, analysts had expected a cut in the Bank rate at this meeting.
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Jerome H. Powell, the chair of the Federal Reserve, emphasized the high degree of uncertainty stemming from the conflict as he acknowledged the potential for surging energy prices to lift inflation and dent growth.
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The strikes on a gas field in Iran and an industrial complex in Qatar appeared to be some of the most significant attacks on energy sites since the U.S.-Israeli air war against Iran began.
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The nation's top intelligence official, Tulsi Gabbard, said today that Iran's government still seems to be functioning, though it has been greatly weakened by the U.S. and Israeli bombing campaign.
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Oil prices have surged in recent weeks, threatening wider inflation.
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Director of National Intelligence Tulsi Gabbard is testifying before the Senate Intelligence Committee amid questions on the Iran war.
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Plus, how owning a car is becoming unaffordable.
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President Donald Trump tapped Sen. Markwayne Mullin, R-Okla., to replace Kristi Noem as the head of the Department of Homeland Security.
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It's not just oil tankers stranded near the Strait of Hormuz. U.N. aid shipments are also hindered by the war in Iran.
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On Wednesday, the director of national intelligence and C.I.A. director contradicted one of the justifications the Trump administration had given for its attacks on Iran.
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