New tax will hit branded drugs and active ingredients while exempting generics for at least one yearSign up for the Breaking News US email to get newsletter alerts in your inboxDonald Trump is threatening 100% tariffs on pharmaceutical companies that have not struck deals to lower US drug prices.The new tariff will only apply to branded drugs and their active ingredients. Generic drugs, which make up more than 90% of medicines sold in the US, will be exempted from tariffs for at least one year. Orphan, veterinary and other specialty drugs are exempt if they are from trade deal countries or meet urgent public health needs. Continue reading...
• US President Donald Trump threatened Monday to destroy Iran's Kharg Island crude oil export hub, along with oil wells and power plants, unless Tehran quickly accepts a deal to end the US-Israeli war.
• The threat of potential US ground operations to seize Kharg Island is creating significant tremors through financial and energy markets, as well as raising concerns among neighbouring Gulf countries.
• Trump expressed hope about talks with a "more reasonable regime" in Tehran on his Truth Social network, an apparent reference to new leadership despite the month-long war failing to dislodge the Islamic Republic.
• President Donald Trump warned Monday via Truth Social that if Iran does not open the Strait of Hormuz and a deal is not reached "shortly," the US will "blow up and completely obliterate" Iran's electric generating plants, oil wells, and Kharg Island.
• US Secretary of State Marco Rubio said Washington is close to achieving its objectives in Iran "in a matter of weeks" and that Trump has "a number of options available" to prevent Iran from controlling the strategic waterway.
• The threat comes as 3,500 US Marines and sailors aboard the USS Tripoli arrive in the Middle East, joining over 50,000 American troops already in the region, with hundreds of Navy SEALs also deployed.
Oil prices on course for record monthly rise amid risk of further escalation and mixed messaging from USDonald Trump has threatened to “obliterate” Iran’s power stations and fresh water plants if Tehran does not agree to peace terms “shortly”, even as he claimed diplomatic progress in ending the war that was instigated by the US and Israel.Tehran has remained defiant during the month-long conflict, describing US peace proposals as “excessive, unrealistic and irrational” and firing waves of missiles at Israel. Continue reading...
• Trump's One Big Beautiful Bill Act has darkened the outlook for approximately 17,000 federally-funded health clinics across the United States, which collectively stand to lose $32 billion in government support.
• The policy represents a significant threat to community health infrastructure that serves vulnerable populations, though specific implementation details and timeline remain under review.
• Federal health clinics provide essential services including primary care, preventive services, and treatment for underinsured and uninsured Americans in underserved communities.
• The Trump administration is pressuring hospitals nationwide to shut down gender-affirming care programs for minors by threatening to withhold federal funding, described as 'unprecedented' by GLAD Law's Jennifer Levi.
• Providers like Boston Medical Center, Boston Children's Hospital, and Mass General Brigham face a stark choice: discontinue medications for transgender youth or risk losing critical federal support that could shut them down.
• In Massachusetts, state health leaders and smaller providers like Transhealth, serving 600-700 patients under 18, vow to continue care despite risks, with CEO Jo Erwin hiring more staff in anticipation of increased demand.
President attacks ‘Radical Left Democrats’ after homeland security funding bill again sinks in SenateDonald Trump threatened on Saturday to deploy federal immigration agents to US airports if Democrats do not agree to measures aimed at strengthening security and immigration enforcement.“If the Radical Left Democrats don’t immediately sign an agreement to let our Country, in particular, our Airports, be FREE and SAFE again, I will move our brilliant and patriotic ICE Agents to the Airports,” Trump said in a Truth Social post. Continue reading...
The move would be a major escalation in the US-Israel war against Iran. Plus, FBI director admits to buying data tracking Americans’ locationsGood morning.Donald Trump threatened to “massively blow up” the world’s largest gasfield after Israeli strikes on Iran’s South Pars field led Tehran to take revenge on energy facilities across the Middle East.What’s happening to oil and gas prices? Brent crude rose by 8% to $116 a barrel. European gas prices jumped, with the Dutch wholesale gas price up 24%.What do we know about the war’s economic cost? The war cost the US $12.7bn by day six – the total is likely to have now exceeded $18bn. Here’s a visualization of how that has been spent.Could US-Israeli attempts to take out Iranian leaders backfire? Some analysts think so. “It is not an approach that produces Jeffersonian democrats but hardened resistance fighters. It breeds more resistance,” said Sanam Vakil, an Iran expert at Chatham House.Follow our live coverage here.Who has spoken out? Labor rights activist and co-founder of the UFW Dolores Huerta, 95, released a statement on Wednesday saying: “I have kept this secret long enough. My silence ends here.” The report also includes the stories of two women, who were daughters of organizers in the movement, who said they were children when the grooming and abuse began. Continue reading...
US president claims Israel will not attack South Pars again – but threatens to destroy ‘extremely important and valuable’ site if Iran continues to attack gas facilities in QatarMiddle East crisis – live updatesDonald Trump threatened to “massively blow up” the world’s largest gasfield after Israeli strikes on the Iranian site prompted Tehran to step up attacks on energy facilities across the Middle East.Israel’s decision to target the South Pars gasfield on Wednesday marked a major escalation of the war, heightening fears of significant disruption to international energy supplies. Continue reading...
US president says Israel will not launch another attack on the giant gasfield shared by Iran and Qatar, but promises to destroy it if Tehran retaliatesIsrael strikes Iran’s South Pars gasfield hours after forces kill intelligence minister Fighting intensifies between Israel and Hezbollah in southern LebanonWelcome to our continuing live coverage of the US-Israel war on Iran and the broader crisis in the region, and global economy.Donald Trump has threatened to “massively blow up” the entire South Pars gas field if Iran carries out any more retaliatory attacks on Qatar’s LNG gas facilities.The Pentagon “has asked the White House to approve a more than $200bn request to Congress to fund the war in Iran, according to a senior administration official”, the Washington Post reports.The oil price climbed towards $110 a barrel on Wednesday as the mounting threat to the Gulf’s oil and gas infrastructure fuelled concerns of more disruption to global supplies, amid the continuing blockade of the strait of Hormuz.QatarEnergy said “sizeable fires” caused extensive damage at its LNG facilities after Iranian missile attacks in the early hours of Thursday.An attack set a ship ablaze early on Thursday off the UAE coast, authorities said. The United Kingdom Maritime Trade Operations centre said “a vessel has been hit by an unknown projectile, which has resulted in a fire onboard”.French president Emmanuel Macron called for an immediate moratorium on striking civilian infrastructure, and said civilian populations and their needs must be “protected from military escalation”.Three Palestinian women were killed in an Iranian missile attack in the occupied West Bank late on Wednesday, the Palestinian Red Crescent said, in the first deadly Iranian strike there.A man was killed in central Israel in the latest round of Iranian missile fire, medics say. It brings the death roll in Israel from the war to 15.Republicans in the US Senate blocked a measure that aimed to reign in Donald Trump’s power to wage war against Iran without congressional authorisation, winning a 53-47 vote. Continue reading...
• President Trump is conditioning a summit with Chinese President Xi Jinping on Beijing's assistance in securing the Strait of Hormuz, with US-China trade negotiators meeting in Paris ahead of potential talks.
• Trump demanded approximately seven countries deploy warships to police the critical waterway, though his appeals have yielded no firm commitments as oil prices surge; China imports roughly 90% of its energy through the strait.
• Chinese and US negotiators held candid meetings in Paris, with China signaling willingness to increase purchases of US agricultural products beyond previous soybean pledges, including poultry and beef.
• President Trump is suggesting he may delay his planned visit to China at month's end unless Beijing helps reopen the Strait of Hormuz and address soaring oil prices from the Iran war.
• U.S. Treasury Secretary Scott Bessent met Monday in Paris with Chinese Vice Premier He Lifeng for trade talks intended to pave the way for Trump's Beijing trip, with a U.S.-China tariff truce currently in place.
• Trump's administration is seeking international assistance with naval escort efforts in the strait after initial unilateral approaches proved insufficient as oil prices escalated.
• President Trump demanded on March 15 that NATO and allied nations help secure the Strait of Hormuz with military vessels, warning that NATO could face a "very bad future" if allies refuse to assist in keeping the critical waterway open.
• Trump warned that the US "will remember" countries that do not contribute to securing the strait, applying diplomatic pressure to allies amid escalating military tensions in the Middle East and warnings of potential sanctions waivers if the conflict prolongs.
• The demand reflects Trump's strategy of leveraging the energy crisis and geopolitical instability created by the Iran conflict to mobilize international support for US-led efforts to maintain global shipping routes.
The US military reports striking 15,000 targets in Iran since the war began, with President Trump stating forces 'totally obliterated' military sites on Kharg Island vital to Iran's oil network and threatening further action on oil infrastructure. This escalates as Iran reports 43,000 residential and commercial units damaged from US and Israeli strikes. Government spokesperson Fatemeh Mohajerani detailed the widespread destruction on Saturday. Global oil markets remain volatile with Hormuz disruptions.
President Donald Trump announced US forces 'obliterated' military targets on Iran's Kharg Island, primary terminal for its oil exports, prompting threats of escalated retaliation from Iran's Parliament speaker. Iranian media reported 15 explosions on the island targeting air defenses, naval bases, and helicopter hangars, with no oil facilities damaged. The strikes coincide with Iran closing the Strait of Hormuz, halting shipping and surging global oil prices, as the US considers Navy escorts for tankers. Trump warned of further action against Iran's oil infrastructure if attacks continue.
President Donald Trump announced US forces 'obliterated' military targets on Iran's Kharg Island, primary terminal for oil exports, prompting threats of escalated retaliation from Iran's Parliament speaker. Iranian media reported 15 explosions targeting air defenses, naval bases, and airport facilities with no oil damage confirmed. The strikes occur as Iran has halted shipping through the Strait of Hormuz, disrupting a fifth of global traded oil. Trump warned of further action against Iran's oil assets if disruptions continue.
President Donald Trump announced that US forces obliterated military targets on Iran's Kharg Island, a key oil export terminal, on March 13, 2026, with Iranian media reporting 15 explosions targeting air defenses, naval bases, and airport facilities but sparing oil infrastructure. Trump warned that Iran's oil infrastructure could be next if retaliation escalates, as the two-week war shows no signs of ending amid ongoing missile and drone attacks on Israel and Gulf states. The strikes heighten global energy risks since Iran has closed the Strait of Hormuz, through which 20% of world oil passes, potentially driving prices higher despite recent reserve releases. US officials are deploying 2,500 more Marines and an amphibious ship to the Middle East to bolster forces.