middle east

'Bigger risk of recession': Expert says 'White House should be worried' about Middle East

The recent flare-up of tensions between Iran and Israel may end up causing a larger headache for President Donald Trump's administration beyond foreign policy concerns, according to one national security expert.

Politico reported Friday that Israel's attack of Iran on Thursday – followed by Iran's retaliatory strikes on Israel on Friday – could lead to a spike in global oil prices. And that, in turn, could make prices at the pump go up noticeably higher as Americans fill their tanks this summer. Gasbuddy.com analyst Patrick De Haan projected gas prices to jump by as much as 25 cents per gallon by July.

Bob McNally — who leads the energy and geopolitical analysis firm Rapidan Energy and served on former President George W. Bush's National Security and National Economic Council – said that depending on how much oil prices increase, it could have implications for the global economy as well.

READ MORE: 'Insecurity for your assets': Trump's 'triple threat' to crash Boomers' generational party

“Geopolitical price spikes pose a bigger risk of recession than inflation in my view,” McNally said. “The White House should be worried.”

Israeli Prime Minister Benjamin Netanyahu has suggested that his offensive against Iran is still in the beginning phase, and that there could be more attacks on the regional superpower in the coming weeks. If Israel expands its assault to include Iranian oil fields or export infrastructure, the impact on oil prices could be even more severe, according to market analyst Andy Lipow of Lipow Oil Associates. He warned that the price for a barrel of oil could go as high as $100 (current prices are roughly $74 as of Friday).

“Iran knows full well that President Trump is focused on lower energy prices,” Lipow told Politico. “Actions by Iran that impact Middle Eastern oil supplies raising gasoline and diesel prices for Americans are politically damaging to the president.”

Should gas prices jump as a result of the ongoing tension in the Middle East, Trump has few options outside of the influence of the presidential bully pulpit. Politico reported he may tap into the U.S. strategic oil reserve — as former President Joe Biden did – though the reserve is down by roughly a third of where it was prior to Biden's action.

READ MORE: 'Shoot a couple': MAGA activists call for violence against 'No Kings' protesters

Click here to read Politico's full article.

'Been in the works for years': Trump busted over taking credit for deals that aren't his

The Washington Post reports White House claims of “the dealmaker in chief” securing more than $2 trillion in investment agreements during his Middle East tour this week appears exaggerated. Possibly, by a lot.

The administration announced $8.5 billion in projects involving Texas energy company McDermott, with one focused on Qatar’s liquefied natural gas expansion, for example. But the paper reports McDermott had already announced contracts for that initiative during former President Joe Biden’s administration as far back as 2023.

Another White House announcement of a $200 billion “new” cloud computing deal between Amazon and a United Arab Emirates state-owned telecommunications company had already been announced by Amazon in October. In fact, the $181 billion estimate the White House lauded for the local economy from the deal was already sitting in an Amazon-sponsored study from May 2023.

READ MORE: The backlash is here — and Republicans have no one to blame but themselves

Still another announcement regarding a $2 billion General Atomics agreement to sell drones to Qatar had already “been in the works for years,” according to a congressional aide. The notification for the drone contract was sent to Congress last March. And another $38 billion in “potential investments” announced by the White House hardly counts as a “deal” if it’s only potential. That $38 billion claim currently exists only in a “statement of intent” the administration penned with Qatar.

“A lot of it is going to be aspirational,” said Hussein Ibish, a senior resident fellow at the Arab Gulf States Institute in Washington. “A lot of it is going to be promised and not delivered on.”

The Post collected statements from anonymous Middle Eastern officials admitting Saudi Arabia doesn’t have enough cash on hand to fund everything Trump has promised Americans. And some are not sure the money is there to fund even half the claims.

Some of Trump’s big numbers could be arising from smoke blowing in from strange places. One businessman close to the Saudi royal family claims the family reached out to “all the top businessmen” in the Gulf nation “and they were asked, ‘How much have you invested in the United States in the last two years? How much have you put in the United States in any kind of investment — real estate, stocks, bonds?”

READ MORE: '100 percent regret': Deep-red Georgia manufacturing town revolts over key Trump policy

The intent, said the anonymous source, was to give the U.S. president a nice, big number that would look good on press releases.

Read the full Washington Post report at this link.

'Fully prostrate on the ground': Trump ripped for 'humiliating' display to Arab leaders

Discussing President Donald Trump's visit to the Middle East, senior foreign policy journalist Michael Weiss said that Trump wants to transform the United States into a version of authoritarianism similar to that practiced by the dictators with whom he appears to be cordial.

"Don't discount the fact what Donald Trump sees in these dictators and these autocrats and these strongmen is exactly what he would like to do in the United States," Weiss said on the Bulwark's podcast with host Tim Miler. "He wants to turn the United States into a version of this," he added.

On Wednesday, Trump requested Qatar’s emir, a close ally of the Iranian government, to help him find a solution to the Iran situation.

READ MORE: Trump biographer reveals 'head-smacking' detail about Trump and Melania's marriage

“I hope you can help me with the Iran situation,” Trump told the emir, who was beside him in a dining room in Doha. Trump has been facing criticism for accepting a $400 million jet as a gift from Qatar.

On Tuesday, Trump said he had "never believed in having permanent enemies,” during a speech at the Saudi-U.S. Investment Forum in Riyadh. “I am different than a lot of people think," he added.

Trump's message to the audiences in the Middle East has been that he is ready to move beyond past conflicts in pursuit of peace and economic gain.

During the same speech, Trump revealed plans to lift U.S. sanctions on Syria, offering potential economic relief to a nation long plagued by dictatorship, civil war, terrorism, and the effects of global isolation.

READ MORE: 'Be quiet!' Inside the 5 most explosive moments from Kristi Noem's 'laughable' testimony

“The sanctions were brutal and crippling and served as an important — really, an important function, nevertheless, at the time,” Trump said of Syria, adding: “But now, it’s their time to shine.”

Trump also held a meeting in Riyadh with Syria’s new president Ahmed al-Shara, who previously had affiliations with Al Qaeda. His rebel faction is officially labeled a terrorist group by the U.S. (although the government has since withdrawn a $10 million bounty on him).

Criticizing Trump's engagements in the Middle East during the podcast released Thursday, Miller said there was a "little bit of humiliating element to this," because Trump has long said the U.S should not allow other nations to "take advantage" of the country.

"He is lavishly tossing MBS's salad, giving old leftovers from Qatar. We've got natural gas. We got oil. What's the point of this?" Miller asked.

"Trump is fully prostrate on the ground," he added.

New Mueller filings will tie Trump to ‘unsavory’ Middle East operatives: report

According to a report at the Daily Beast, special counsel Robert Mueller’s legal team is preparing a new series of legal filings tying the White House to Middle East influence.

Keep reading...Show less

Jamal Khashoggi's Murder Finally Brings Media Attention to the Plight of Arab World's Exiled Critics

The gruesome and dramatic killing of journalist Jamal Khashoggi in the Saudi consulate in Turkey has captivated media outlets around the world.

Keep reading...Show less

Trump Official Contradicts the President's Fearmongering About 'Middle Easterners' Crossing the Mexican Border

As the pressure of the upcoming midterm elections bears down on President Donald Trump, he's lashing out in the most predictable way possible: by targetting immigrants and people of color.

Keep reading...Show less

There Really Are 'Rogue Killers' - And They're from the United States: Report

While the murder of journalist Jamal Khashoggi can be laid at the feet of Saudi intelligence operatives, there really do appear to be some “rogue killers” jetting around the Middle East carrying out international assassinations. They are mercenaries provided by private “security firms” inside the United States who send out agents to conduct murder for hire in violation of international law.

Keep reading...Show less

What Most Americans Just Don't Get: America Is On Saudi Arabia's Side in the Middle East

In an era of journalistic austerity, as foreign newsrooms are being shuttered and correspondent journalism is waning in favor of news and analysis that can be done from a New York office, being an on-the-ground reporter is increasingly rare. Rarer still are the reporters who get to fly all over the world and bring a team — cameraman, driver, translator — with them.

Keep reading...Show less

Trump Says Bush's Middle East Wars Were Bad - But the Civil War Was Understandable

In a new interview with The Hill, President Donald Trump revealed his lack of knowledge of American history and his troubling sympathy with the forces behind the Civil War.

Keep reading...Show less

The 'War on Terror' Has Utterly Failed - Global Terrorism Has Dramatically Increased Since 9/11

In the 17 years since the events of Sept. 11 2001, after which the United States declared a "global war on terror," there has not been a terrorist attack of similar size or magnitude on American soil.

Keep reading...Show less

Here's How Feminists in Palestine Are Fighting on Two Major Fronts

“I am here because I heard my town call me, and ask me to maintain my honor.” Fifty-seven-year-old Um Khalid Abu Mosa spoke in a strong, gravelly voice as she sat on the desert sand, a white tent protecting her from the blazing sun. “The land,” she says with determination, “is honor and dignity.”

Keep reading...Show less
@2026 - AlterNet Media Inc. All Rights Reserved. - "Poynter" fonts provided by fontsempire.com.