Israel economy shrinks 3.3% due to war with Iran

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Hundreds of Israelis gather at Habima Square to protest against Prime Minister Benjamin Netanyahu and the Israeli government in Tel Aviv, Israel on January 17, 2026. [Mostafa Alkharouf – Anadolu Agency]

Official Israeli data revealed that the Israeli economy contracted by 3.3 percent year-on-year during the first quarter of 2026, impacted by the repercussions of the ongoing war with Iran.

According to a report published Sunday by the Israeli economic website Globes, the Israeli Central Bureau of Statistics stated that the Israeli economy experienced a 3.3 percent annual contraction during the first quarter of this year.

The website explained that this sharp decline ended a period of growth that had lasted for two consecutive quarters, indicating that the war with Iran was the primary cause of the recorded economic downturn.

The data showed that the GDP per capita decreased by 4.5 percent annually compared to the last quarter of 2025, which the website described as the most realistic indicator for measuring the standard of living in Israel. The report indicated that the Israeli economy had recorded annual growth of 2.9 percent during the last quarter of 2025, before declining significantly at the beginning of this year.

The Central Bureau of Statistics stated that private consumption expenditure fell by 4.7 percent year-on-year, following a similar decline of 4.6 percent in the last quarter of last year.

Conversely, the report explained that security spending rose by 9 percent year-on-year, amid ongoing military operations.

Israel imposes strict censorship and a broad blackout on its economic and human losses resulting from the wars it is waging in the region, and it prohibits the dissemination of images and videos related to these losses.

READ: Netanyahu says Israeli army nearing completion of Gaza mission, signals readiness for all Iran scenarios

This work by Middle East Monitor is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

Keir Starmer explains that UK is actively supporting Israel's genocidal expansion and repeats his previous quotation that he supports Zionism "without qualification". Keir Starmer said “I said it loud and clear – and meant it – that I support Zionism without qualification.” here: https://www.jewishnews.co.uk/keir-starmer-interview-i-will-work-to-eradicate-antisemitism-from-day-one/
Keir Starmer explains that UK is actively supporting Israel’s genocidal expansion and repeats his previous quotation that he supports Zionism “without qualification”. Keir Starmer said “I said it loud and clear – and meant it – that I support Zionism without qualification.” here: https://www.jewishnews.co.uk/keir-starmer-interview-i-will-work-to-eradicate-antisemitism-from-day-one/
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Donald Trump sings and dances, says that it’s fun to kill everyone …
Orcas discuss Donald Trump and the killer apes' concept of democracy. Front Orca warns that Trump is crashing his country's economy and that everything he does he does for the fantastically wealthy.
Orcas discuss Donald Trump and the killer apes’ concept of democracy. Front Orca warns that Trump is crashing his country’s economy and that everything he does he does for the fantastically wealthy.

Continue ReadingIsrael economy shrinks 3.3% due to war with Iran

IEA Chief Warns Only ‘Weeks’ of Oil Inventories Left Thanks to Trump’s Iran War

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Article by Brad Reed republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0).

Fuel prices are displayed on a sign as a customer fills their vehicle at a gas station on April 13, 2026 in Miami, Florida. 
(Photo by Joe Raedle/Getty Images)

“We are living on borrowed time,” said one economist about global oil prices.

With no end in sight to the Strait of Hormuz crisis caused by President Donald Trump’s illegal war with Iran, the head of the International Energy Agency warned Monday that global energy supplies are running dangerously low.

IEA executive director Faith Birol told reporters in Paris that the world only has weeks’ worth of oil reserves left, raising the likelihood that energy prices will soar even higher in the near future.

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Birol said that oil inventories are “declining rapidly” and added that there was “a perception gap in the markets between the physical markets and the financial markets,” as the price of oil in futures markets has not yet risen to a level that accurately reflects the coming supply crunch.

In his remarks to the press, given on the sidelines of a G7 gathering taking place this week in France, Birol warned that it’s only a matter of time before the supply shortage of fertilizer, which was also caused by the Iran War, leads to a surge in food prices that “might give a big push to inflation numbers.”

The Financial Times reported on Sunday that energy markets are approaching a “tipping point” where prices could see another upward surge that would throw the global economy into a recession.

Paul Diggle, chief economist at fund manager Aberdeen, told The Financial Times that he has been modeling the economic impact of oil hitting $180 per barrel, which he said would set off a global inflation crisis.

“We are taking that outcome very seriously,” Diggle said. “We are living on borrowed time.”

Oil prices briefly fell last month after the US and Iran announced a ceasefire agreement. However, the Strait of Hormuz has remained closed throughout that period, and Trump is reportedly preparing to restart attacks on Iran in the near future if no deal to reopen the strait is reached.

In a Sunday Truth Social post, Trump again threatened Iran with destruction unless it agrees to his demands.

“For Iran, the Clock is Ticking, and they better get moving, FAST, or there won’t be anything left of them,” the president wrote. “TIME IS OF THE ESSENCE!”

Article by Brad Reed republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0).

Orcas discuss how Trump was re-elected and him being an obviously insane, xenophobic Fascist.
Orcas discuss how Trump was re-elected and him being an obviously insane, xenophobic Fascist.
Climate science denier Donald Trump confirms that he knows nothing about democracy and that more liquid gold is being secured according to his policy of global privateering.
Climate science denier Donald Trump confirms that he knows nothing about democracy and that more liquid gold is being secured according to his policy of global privateering.
Keir Starmer explains that UK is actively supporting Israel's genocidal expansion and repeats his previous quotation that he supports Zionism "without qualification". Keir Starmer said “I said it loud and clear – and meant it – that I support Zionism without qualification.” here: https://www.jewishnews.co.uk/keir-starmer-interview-i-will-work-to-eradicate-antisemitism-from-day-one/
Keir Starmer explains that UK is actively supporting Israel’s genocidal expansion and repeats his previous quotation that he supports Zionism “without qualification”. Keir Starmer said “I said it loud and clear – and meant it – that I support Zionism without qualification.” here: https://www.jewishnews.co.uk/keir-starmer-interview-i-will-work-to-eradicate-antisemitism-from-day-one/

Continue ReadingIEA Chief Warns Only ‘Weeks’ of Oil Inventories Left Thanks to Trump’s Iran War

After Offering ‘No Tangible Concessions’ in Iran Peace Talks, Trump Issues Latest Violent Threat

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Article by Julia Conley republished form Common Dreams under Creative Commons (CC BY-NC-ND 3.0). 

US President Donald Trump speaks to reporters after arriving on the South Lawn of the White House in Washington, DC, on May 15, 2026. (Photo by Alex Wroblewski/AFP via Getty Images)

“The only realistic path to a diplomatic breakthrough would require Washington to engage more directly with the structure and substance of the Iranian proposal itself,” said a national security expert.

With the economic impact of the war on Iran linked to President Donald Trump’s plummeting approval rating, the president issued his latest threat to destroy the Middle Eastern country Sunday as he demanded negotiators “get moving, FAST” to end the conflict the US and Israel began by choice in February.

“For Iran, the Clock is Ticking,” said the president in a Truth Social post, adding that if a peace deal is not reached soon, “there won’t be anything left of them. TIME IS OF THE ESSENCE!”

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Trump rejected Iran’s latest peace proposal last week; the country has reportedly offered significant concessions on its uranium enrichment, but seeks to have separate nuclear talks after achieving peace and reaching a deal to reopen the Strait of Hormuz, which the Iranians effectively closed in retaliation for the US-Israeli attacks.

Since launching the conflict, Trump has demanded the dismantling of Iran’s missile arsenal as well as its nuclear program, which Iran has said is not for military purposes, and has called for the country to cut ties with its regional allies.

Iran’s Mehr news agency said Sunday that Trump had offered “no tangible concessions” in his response to the Iranians’ latest proposal.

“The United States,” said the news outlet, “wants to obtain concessions that it failed to obtain during the war, which will lead to an impasse in the negotiations.”

Trump told Fox News in Beijing over the weekend that the Iranians are “crazy, and you know what? Because of that, they cannot have a nuclear weapon,” explaining why he viewed it as “unacceptable” for nuclear talks to take place separately after a peace deal is brokered.

Trump reportedly spoke to Israeli Prime Minister Benjamin Netanyahu Sunday about the possibility of renewing strikes on Iran, which would break a ceasefire that was reached more than a month ago.

Danny Citrinowicz, a senior researcher at the Institute for National Security Studies, said Sunday that “the only realistic path to a diplomatic breakthrough would require Washington to engage more directly with the structure and substance of the Iranian proposal itself.”

“Iran’s priorities remain consistent: ending what it views as economic siege conditions, reopening maritime access and reducing pressure in the Gulf, negotiating an end to the broader conflict, and only afterward addressing the nuclear issue,” said Citrinowicz. “At the present moment, it is difficult to see the Iranian leadership agreeing to any framework that does not meaningfully engage with those core demands.”

As with Trump’s earlier threats of violence, including one in April in which he declared that Iran’s entire civilization would die, “never to be brought back again,” Iranian officials said the president’s latest comments—which followed his posting of an image of himself on a military ship accompanied by the words, “It was the calm before the storm”—would not be tolerated.

A spokesperson for Iran’s armed forces, Abolfazl Shakarchi, told Mehr that “repeating any folly to compensate for America’s disgrace in the Third Imposed War against Iran will result in nothing but receiving more crushing and severe blows.”

Reporting for Al Jazeera, correspondent Almigdad Alruhaid said that the “kind of language” displayed by Trump on Sunday “is not acceptable here in Tehran. They are projecting defiance rather than [giving] an immediate response to this kind of rhetoric.”

“Behind all of this rhetoric, there is awareness that the diplomatic window right now is narrowing,” said Alruhid.

Meanwhile, US Sen. Lindsey Graham (R-SC) urged Trump to “hurt them more” in order to force a deal, calling on the president to go through with bombing Iran’s energy infrastructure as he’s threatened to in recent months.

“The reason why Trump didn’t do this during the war—despite threatening it—was because he realized Tehran would retaliate and take out the energy infrastructure in the [Gulf Cooperation Council] states,” said Trita Parsi, executive vice president at the Quincy Institute for Responsible Statecraft. “This would lead to a far worse oil crisis—one rooted in production problems, not just a bottleneck in the Persian Gulf.”

“The global economy would be thrown into a deep recession. Fuel shortages would lead to food shortages worldwide. Trump’s presidency would be destroyed,” he said. “None of this matters to Lindsey. He’ll burn the entire planet as long as he gets his war. Trump’s biggest mistake has been to listen to Lindsey and his allies.”

Article by Julia Conley republished form Common Dreams under Creative Commons (CC BY-NC-ND 3.0). 

Donald Trump sings and dances, says that it's fun to kill everyone ...
Donald Trump sings and dances, says that it’s fun to kill everyone …
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Orcas discuss rotting brain, front Orca says disinhibition and swearing are typical and common symptoms, small Orca speaks bluntly.

Continue ReadingAfter Offering ‘No Tangible Concessions’ in Iran Peace Talks, Trump Issues Latest Violent Threat

Trump Admin Claims of Cuban Plans for Drone Attacks Denounced as ‘Ludicrous Pretext’ for War

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Article by Julia Conley republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0). 

Secretary of State Marco Rubio looks on as US President Donald Trump meets with China’s President Xi Jinping at the Great Hall of the People in Beijing on May 14, 2026. (Photo by Brendan Smialowski/AFP via Getty Images)

“Like any country, Cuba has the right to defend itself against external aggression,” said the Cuban embassy. “It is called self-defense, and it is protected by International Law and the UN Charter.”

Cuban officials said the Trump administration is making “increasingly implausible accusations” against the country as it pushes to justify, “without any excuse, a military attack against Cuba,” after an unnamed White House official told the news outlet Axios that the Cubans have been “discussing plans” to launch drones against the US.

Cuba is the country under attack,” said the Cuban embassy in a statement, months into a ramped-up oil blockade by the US that has left the island’s electric grid in a “critical state” and forced frequent rolling blackouts as well as causing a healthcare crisis, with tens of thousands of people waiting for surgeries.

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But in Axios’ article, the Trump administration official took pains to push the notion that the US, with its nearly $1 trillion-per-year military, could face attacks from the tiny Caribbean nation 90 miles south of Florida because officials there have been preparing defensive capabilities.

Axios reported that, according to classified intelligence it viewed, Cuba has acquired more than 300 drones and has been considering plans to attack the US military base at Guantanamo Bay, various US military vessels, and Key West, Florida.

The country has been acquiring drones from Russia and Iran since 2023 and has sought more aid from Russia in recent months, according to the report. Intelligence intercepts have also shown Cuba is “trying to learn about how Iran has resisted us,” the official said, referring to Iran’s use of unmanned aircraft, its closure of the Strait of Hormuz, and its attacks on US military outposts in the Middle East in response to the US-Israel war on the country that began in February.

The Cuban embassy further responded with a reminder that “like any country, Cuba has the right to defend itself against external aggression.”

“Those from the US who seek the submission and, in fact, the destruction of the Cuban nation through military aggression and war, do not waste a single moment fabricating pretexts, creating and spreading falsehoods, and distorting as extraordinary the logical preparation required to face a potential aggression,” said the embassy.

Journalist José Luis Granados Ceja, who is based in Mexico City and covers Latin America for Drop Site News, emphasized that “Cuba has the right to self-defense.”

“It would be arguably be wise for Cuba to incorporate a tool that has proven to be an extraordinary effective weapon and a powerful tool of dissuasion as part of its self-defense strategy,” said Granados Ceja.

Axios said the classified intelligence “could become a pretext for US military action” that President Donald Trump has expressed an interest in taking numerous times, before acknowledging toward the end of the article that “US officials don’t believe Cuba is an imminent threat, or actively planning to attack American interests.”

Rather, the intelligence showed that Cuban officials “have been discussing drone warfare plans in case hostilities erupt as relations with the US continue to deteriorate”—suggesting they could use drones in self-defense if attacked by the US.

The reporting carried echoes of Secretary of State Marco Rubio’s rationale for attacking Iran in February. He stunned legal experts days after the war began by explaining that the US had decided to wage war on the Middle Eastern country because it feared Iran would retaliate after Israel began attacking it.

“The imminent threat was that we knew that if Iran was attacked, and we believed they would be attacked, that they would immediately come after us,” Rubio said.

The claim that Cuba’s reported preparations make the island a threat to US security “is a lie—with purpose,” said David Adler, co-general coordinator of Progressive International.

Marco Rubio and his stenographers at Axios are manufacturing consent for the invasion of Cuba,” said Adler. “To fall for this flimsy propaganda is to fail the most basic test of civic literacy. And the stakes are millions of Cuban lives off our coast.”

Rubio, the son of Cuban immigrants, has long sought regime change in the socialist country.

Axios’ reporting came days after CIA Director John Ratcliffe traveled to Cuba to pressure officials into complying with US demands, likely including political and economic reforms, heightening fears that the US could be planning a military attack unless the country complies.

White House officials also told CBS News Friday that the Department of Justice is preparing to criminally indict former Cuban President Raúl Castro for shooting down planes that belonged to a US group that had flown into Cuba’s airspace in the 1990s. In January, US forces invaded Venezuela and abducted President Nicolás Maduro, bringing him to the US where he was charged with drug trafficking, and pleaded not guilty.

Former Obama administration staffer and Pod Save America co-host Tommy Vietor said Sunday that “lots of signals pointing towards an imminent US regime change operation against Cuba.”

“The latest,” he said of the Axios article, “is this blatant effort to launder a pretext for war through the media.”

Article by Julia Conley republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0). 

Donald Trump sings and dances, says that it's fun to kill everyone ...
Donald Trump sings and dances, says that it’s fun to kill everyone …
Orcas discuss rotting brain, front Orca says disinhibition and swearing are typical and common symptoms, small Orca speaks bluntly.
Orcas discuss rotting brain, front Orca says disinhibition and swearing are typical and common symptoms, small Orca speaks bluntly.

Continue ReadingTrump Admin Claims of Cuban Plans for Drone Attacks Denounced as ‘Ludicrous Pretext’ for War

‘Reporting Isn’t Treason’: Trump Rant at Journalists Sparks Alarm

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Article by Brad Reed republished form Common Dreams under Creative Commons (CC BY-NC-ND 3.0). 

President Donald Trump briefs reporters after he concluded his trip to Beijing aboard Air Force One on May 15, 2026 as he returns to the United States.
 (Photo by Alex Wong/Getty Images)

“No American should be comfortable with the president of the United States accusing a reporter of treason for critical reporting.”

President Donald Trump on Friday sparked alarm among press freedom advocates when he accused New York Times reported David Sanger of committing “treason” for portraying his illegal war with Iran in a negative light.

Speaking with journalists aboard Air Force One on his flight home from China, Trump was asked by Sanger about his failure to accomplish political changes in Iran that he swore to achieve when he launched the war without congressional authorization in late February.

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“I had a total military victory,” Trump replied. “But the fake news, guys like you, write incorrectly. You’re a fake guy, and guys like you write incorrectly. We had a total military victory. We knocked out their entire navy, we knocked out their entire air force, we knocked out all their anti-aircraft weaponry.”

Despite this purported “total victory,” however, Iran still controls the Strait of Hormuz and has prevented commercial vessels from traveling through it for the last two months.

After attacking the Times’ reporting about the Iran War, the president pivoted to impugning Sanger’s patriotism.

“I actually think it’s sort of treasonous what you write,” the president said. “You and The New York Times, and CNN, I would say, are the worst… You should be ashamed of yourself. I actually think it’s treason.”

The Times on Tuesday reported that the Trump administration’s “public portrayal of a shattered Iranian military is sharply at odds with what US intelligence agencies are telling policymakers behind closed doors, according to classified assessments from early this month that show Iran has regained access to most of its missile sites, launchers, and underground facilities.”

Hours after the president’s tirade against Sanger—which echoed Trump’s previous remarks about media coverage of the war—New York Times spokesperson Charlie Stadtlander released a statement defending its reporting on the Iran war.

“Reporting isn’t treason,” Stadtlander said. “It’s foundational to a free press and the work that America’s founders wrote the First Amendment to protect. That includes making clear when the claims of government officials and the reality of their actions don’t line up… We will continue this important, constitutionally protected work.”

Trump’s treason accusation also drew a rebuke from Will Creeley, legal director of the Foundation for Individual Rights and Expression, who said that “no American should be comfortable with the president of the United States accusing a reporter of treason for critical reporting.”

New York Times columnist Nicholas Kristof argued that Trump’s attack on Sanger was really a sign of weakness given the failures of his military campaign against Iran.

“President Trump unloading on David Sander reflects a combination of anxiety, insecurity, and desperation about the Iran War,” Kristof wrote. “David is the dean of national security reporters: experienced, meticulous, and fair. Blaming the messenger underscores that the reality itself is pretty bad.”

Kristof’s sentiment was echoed by former ABC News journalist Terry Moran, who wrote that he can’t “understand how anyone can see Trump here and not see weakness.”

Former Republican Illinois Congressman Joe Walsh said Trump’s interaction with Sanger exposed him as “the biggest fucking crybaby in all of human history.”

Article by Brad Reed republished form Common Dreams under Creative Commons (CC BY-NC-ND 3.0). 

Continue Reading‘Reporting Isn’t Treason’: Trump Rant at Journalists Sparks Alarm