Global Crises
Trump is playing chicken with America's oil reserves
The US risks depleting its emergency petroleum supplies even as it escalates with Iran
July 28, 2026
The US risks depleting its emergency petroleum supplies even as it escalates with Iran
History offers lessons for President Trump as he weighs attacking the strategic oil depot
US officials tarred Tehran's team as terrorists, with one US official saying he 'danced a happy dance' after they left
To do so would rebuff Washington at a time when rebuilding and recalibrating in the wake of a shocking Iran War outcome is of the essence
Internationalists are once more doing battle with America Firsters, cleaving the body politic between two incompatible approaches to global affairs
Unilateralism is undermining the trust, institutions, macroeconomic strengths, and well-functioning financial pipelines on which the system is built
