cost and oil; Trump's challenges before the elections "Iran": Tom Barak, the American ambassador to Turkey, announced that the parties are getting closer to the agreement and the efforts of Qatar, Pakistan and American allies to reduce tensions. These statements are made in a situation where America is on the verge of mid-term congressional elections and Trump is facing internal and external pressures. Inflation, rising food, gasoline and housing prices have become Trump's political challenges ahead of the November election. In the foreign arena, the rise in oil prices and fears of energy shortages put additional pressure on the American administration. After the start of the war against Iran, the price of Brent oil reached its highest level since 2008 in April. The International Monetary Fund warned that the rise in oil prices could reduce the economic growth of countries that import oil from the Persian Gulf region and increase their inflation. Read the full text here.

cost and oil; Trump's challenges before the elections "Iran": Tom Barak, the American ambassador to Turkey, announced that the parties are getting closer to the agreement and the efforts of Qatar, Pakistan and American allies to reduce tensions. These statements are made in a situation where America is on the verge of mid-term congressional elections and Trump is facing internal and external pressures. Inflation, rising food, gasoline and housing prices have become Trump's political challenges ahead of the November election. In the foreign arena, the rise in oil prices and fears of energy shortages put additional pressure on the American administration. After the start of the war against Iran, the price of Brent oil reached its highest level since 2008 in April. The International Monetary Fund warned that the rise in oil prices could reduce the economic growth of countries that import oil from the Persian Gulf region and increase their inflation. Read the full text here.