
Gen. Caine shares info about US strikes on Iran's nuclear facilities
Chairman of the Joint Chiefs of Staff Gen. Dan Caine emphasized on Thursday that the operation against Iran's nuclear facilities went as planned, and the 30,000 pound bombs dropped 'functioned as designed, meaning they exploded.'

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Pete Hegseth's news conference made one thing clear – but two questions still need answering
Pete Hegseth's angry news conference, where the US defence secretary roundly abused those media outlets and individuals who didn't agree with him, certainly told us one thing. That when reliable information eventually emerges from the battle damage assessment of the US attack on Iran's Fordow nuclear plant, it won't be accepted by everyone. The whole issue has suddenly become politically toxic in Washington and will doubtless be fed into the spin dryer of vitriolic commentary and assertion that has been the most stand-out feature of this second Trump administration. But what we did find out from the chairman of the joint chiefs of staff, General Dan Caine, was that the GBU-57 bunker buster bombs had been designed in some secrecy with exactly this sort of target in mind. Trump-Iran live: We also learned they all worked as per the test simulations, and that 12 were fired at six separate targets at Fordow and another two at a single target at the Natanz nuclear facility. But over how to characterise the damage done in these attacks is really just a semantic spat. The two key questions are rather different. Firstly, will the Iranians decide to give up their quest for a nuclear weapon as a result of this attack, as the Syrians did in 2007 when the Israelis destroyed their Al Kibar nuclear reactor? Or else will they go hell for leather for a nuclear weapon, as Iraqi leader Saddam Hussein did after the Israelis destroyed his nuclear reactor in 1981? Read more: And secondly, if the Iranians decide to go again for a nuclear weapon, how long will it be before they are back at the nuclear threshold, where they were less than a month ago? Will it be within a year? Or five years? Or longer? When we have an answer to those two questions, then we can put some real perspective on whether the US bombing has really been a success.

34 minutes ago
Chairman of the Joint Chiefs of Staff Gen. Dan Caine details US strikes in Iran
Defense Secretary Pete Hegseth and Joint Chiefs Chairman Gen. Dan Caine held a press conference Thursday to detail U.S. strikes over the weekend on Iranian nuclear facilities.


USA Today
40 minutes ago
- USA Today
What damage could potential Iran retaliation do to your pocketbook
Was Iran's missile attack on the U.S. base in Qatar the only retaliatory measure it will take against the United States following the bombing of its three nuclear sites? And will the ceasefire hold between Israel and Iran? Answers to those questions could determine how much we pay in every U.S. store—not just at the pump, according to a set of new reports. One model even suggests the inflation rate could more than double by the end of the year with a big enough increase in oil prices. Crude oil traders appear cautiously optimistic, though. Futures prices at 12 p.m. ET Thursday for a barrel of oil were above $65.88—lower than they were when Israel first attacked Iran on June 12. They're about $8 lower than when tensions were at their highest. President Donald Trump and others in his administration say they've ended the Israel-Iran war by dropping the huge bunker-busting bombs, but two papers this week from Oxford Economics still call the situation in the Middle East "fluid" and warn about what could happen if Iran decides to disrupt shipping in the Strait of Hormuz. Iran's Supreme Leader Ayatollah Ali Khamenei added to the uncertainty Thursday when he warned any future attacks against Iran would come at a great cost. Oil prices tumble from June 20 highs Unable to view our graphics? Click here to see them. Oxford Economics says its unlikely Iran would completely shutdown the Strait of Hormuz because they might not have the capabilities, or U.S. military would likely intervene. Iran also wouldn't likely have an interest in disrupting all oil shipping, considering more than 80% of the crude in the strait is generally bound for Asia. Where is the Strait of Hormuz How Iran could slow shipping through the Strait of Hormuz Iran might decide to make shipping in the Strait of Hormuz riskier and more expensive—largely because of higher insurance costs—by using various methods to harass and slow ships moving through the strait, according to Oxford Economics: ◾ Deploy mines ◾ Attack ships with drones and missiles ◾ Jam GPS signals The effectiveness any of these disruptions would have varying impact on prices in world oil markets. Recent history shows that the larger the rise in oil prices at the start of a conflict, the longer it typically takes for them to return to previous levels. How oil prices changed following in previous incidents How gas prices followed oil prices after Russia invaded Ukraine Not unsurprisingly, higher oil prices drive up fuel prices. It's rarely a one-to-one change, though, because of the additional costs—refining, taxes and distribution among them—by the time gasoline reaches the pump. When Russia invaded Ukraine, already inflated oil prices drove up U.S. gas prices and helped drive higher inflation throughout the economy. How a short-term, oil-price spike might affect inflation in the U.S. Oxford Economics modeled what might happen if Iran were able to slow about 70% of shipping traffic in the Strait of Hormuz and raise world oil prices by 25%. Their model showed that the annual inflation rate—which was 2.4% in May as measured by the consumer price index—could rise as high as 5.5% by the end of the year. In the same scenario, Oxford Economics projected the unemployment rate to rise from 4.2% in May to 4.5%, which could spur the Federal Reserve to start cutting interest rates to slow job losses—despite the higher prices driven by higher oil prices.