Trump hasn’t ruled out a draft for war with Iran — but is conscription constitutional?
Oil prices spiked above $119 per barrel as Iran attacked Gulf energy sites, while former President Trump hasn't ruled out military conscription for a potential war with Iran. Global markets tumbled on concerns about inflation and tighter monetary policy. European airlines warned that fuel price increases will drive up airfares.
The oil price surge and market volatility demonstrate how regional conflicts can quickly destabilize the global economy. Central banks may need to maintain tighter monetary policies to combat inflation, potentially slowing economic growth.
Iran's regional capabilities are increasingly constrained by military limits and economic pressure, suggesting the conflict may have natural bounds. A volunteer military remains more effective than conscription for limiting foreign military adventures.
-
Brent crude briefly tops $119 as Iran attacks Gulf energy sites
The Hill
-
Selling Jolts Stocks, Bonds as Oil Rally Steepens: Markets Wrap
Bloomberg
-
ECB Holds Rates Steady as Officials Measure Cost of Iran War
Bloomberg
-
Trump hasn’t ruled out a draft for war with Iran — but is conscription constitutional?
The Hill
-
Europe’s biggest airlines say fuel price spike caused by Iran war will drive up fares
Guardian World
-
Trump Loses It and Claims Key War Ally Went Behind His Back | Trump claims he had no prior knowledge of an Israeli strike on a key energy facility in Iran.
r/politics
-
US intelligence chief Tulsi Gabbard says Iran's regime 'intact' but 'degraded'
r/news
-
Iran’s dilemma in war and peace
Al Jazeera
-
The US–Israel war with Iran will not end with a clear victor
Al Jazeera
-
Video: Why Iran’s attack on Qatar’s gas fields matters
Al Jazeera