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strikeApr 13, 2026

High gas prices will haunt the GOP even if the war ends soon - The Korea Times

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There’s still more political fallout for the GOP courtesy of the Iran war: Even if the conflict ends soon, voters could be grappling with pain at the gas pump deep into midterm election season, as Republicans struggle to defend razor-thin majorities in Congress. The influence American presidents have on oil markets is often difficult to discern. But in the case of President Donald Trump, the impact of his decision to team up with Israel for ongoing military strikes on Iran has been plain to see. With the war and the resulting closure of the Strait of Hormuz heading into week six, crude oil is trading north of $100 per barrel. Americans, still beset by anxiety over the cost of living, are now paying more than $4 per gallon on average for gasoline, compared to roughly $3 per gallon before Operation Epic Fury started on Feb. 28. That has erased a lone bright spot on affordability for the Trump administration, one rarely disputed even by Democrats. And when it comes to the cost of a barrel of oil, what is easily done is not easily undone, as Neale Mahoney, director of the Stanford Institute for Economic Policy Research, explained to me. “You have a ‘rockets-and-feathers’ phenomenon at the pump — something we’ve seen time again,” he said. What does that mean? When factors like war or other constraints that hamper supply cause oil prices to spike, the per-gallon cost of gasoline rises quickly, “like a rocket.” And when the pressures are removed from the equation, “Gas prices float down slowly, like a feather,” Mahoney said. In other words, even once Middle East oil producers get their facilities up and running at full capacity or the Strait of Hormuz is reopened to normal shipping traffic, “It will take time for prices to settle back to normal in the US,” he added. But that’s not the only headache related to higher oil prices that Trump — and by extension, Republicans in Congress — are facing as they struggle to hang on to their majorities in the House of Representatives and Senate. The economic pain is spreading, impacting consumers across multiple sectors. Jet fuel costs have surged, driving airfares higher. Prices for diesel fuel and urea, a crude oil byproduct used to fertilize crops, are also climbing, taking some food prices with them. Plus, extensive media coverage, which tends to occur once the average cost-per-gallon of gas eclipses $3.50, “will only stoke voters’ frustrations, according to Mahoney. “Because people are concerned about gas prices,” he said, “it raises inflation expectations — and the media pays attention to that.” Case in point: Interest rates, which had dropped, are back on the rise, pushing up borrowing costs. Based on historical trends and projections for the price of crude oil, Mahoney estimates that average pump prices could rise through June and then possibly relax over the summer — but at a snail’s pace. And even if prices begin to ease, the rate at which oil futures are trading suggest costs are likely to remain elevated. That means consumers could continue to pay more at the pump and face related higher costs for several months, potentially right up until midterm voting begins. Trump’s political standing has already taken a hit since the Iran war began. His overall job approval rating was 43.5 percent then; it’s just under 41 percent now, according to the RealClearPolitics average of recent surveys. Voters rate him worse on his management of the economy, at 37.2 percent, and they’re even more dissatisfied with his handling of inflation, at 33.2 percent. Democrats lead the generic ballot, gauging which party voters would prefer control to Congress, by six percentage points. If that’s not bad enough, Trump and congressional Republicans are in bigger trouble with independent voters, who are crucial to the outcome of midterm elections. Democrats hold a commanding 18-point generic ballot lead over the Republicans among independent voters, according to a fresh poll from CNN. The president may truly believe that his policies have reduced the cost of living to acceptable levels. As he said in his speech from the White House last week: “We were a dead and crippled country after the [Biden] administration, and [I] made it the hottest country anywhere in the world by far, with no inflation.” But it’s abundantly clear that a majority of voters disagree with him, especially regarding that latter assertion. Some of Trump’s Republican allies, however, do appear to understand the political minefield that the GOP could be forced to navigate for the next seven months. “People are pocketbook voters,” Senate Majority Leader John Thune told NOTUS’ Al Weaver. The South Dakota Republican believes that’s likely to be the case with voters who are otherwise “inclined” to support the Iran war “from a national security standpoint.” That’s the political challenge facing Republicans — and the political opportunity for Democrats — this fall, even if Trump were to have pulled the plug on the Iran war by the time you read this column. David M. Drucker is a columnist covering politics and policy. He is also a senior writer for The Dispatch and the author of "In Trump's Shadow: The Battle for 2024 and the Future of the GOP." This article was published by Bloomberg and distributed by Tribune Content Agency.

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  • David M DruckerBy David M Drucker

    There’s still more political fallout for the GOP courtesy of the Iran war: Even if the conflict ends soon, voters could be grappling with pain at the gas pump deep into midterm election season, as Republicans struggle to defend razor-thin majorities in Congress. The influence Ame

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Japan’s Defense Ministry said Friday that Iran used its geographical advantage to “inflict unbearable costs at a relatively low military expense,” effectively closing the Strait of Hormuz by indicating that it had laid naval mines, Kyodo News reported.

The ministry said Japan would strengthen its defense capabilities based on lessons from the US-Iran war, including by using defense equipment also operated by allies and like-minded partners to help ensure rapid supplies from other countries. It also stressed the need to maintain sufficient missile stockpiles and be prepared to quickly increase defense equipment production in an emergency, according to its first report analyzing the Iran war since February.

The US-Israeli war against Iran began on Feb. 28, with attacks targeting military, nuclear and infrastructure sites across the country. Iran responded with missile and drone strikes against Israel and US military facilities across the region. READ: EU joins US-led campaign to isolate Iran financially: Treasury chief Bessent Washington and Tehran signed a memorandum of understanding on June 18 concerning freedom of navigation through the Strait of Hormuz, but its implementation has stalled amid disagreements over security arrangements in the strait.

The Japanese report also said the country should take its own geographical characteristics into account when developing combat strategies, including the fact that it is surrounded by sea. The report noted the US use of AI to accelerate decision-making and operations, citing attacks on around 1,000 targets within 24 hours, while also highlighting the risk of AI making incorrect judgments.

“It is important to establish a process that maximizes the benefits of AI while ensuring appropriate human involvement,” the ministry said. The report comes ahead of a planned revision of Japan’s key security documents by the end of this year.

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A major offensive by Yemen's Houthis to seize control of the gateway to the Red Sea has left more than 120 people dead, sources told AFP Friday, the country's deadliest clashes in years. Fighting erupted on Thursday, after the Iran-backed Houthis launched a ground assault along with rocket and drone attacks near coastal areas, vying for control of the narrow Bab al-Mandab strait at the Red Sea's southern entrance.

Yemen, embroiled in more than a decade of civil conflict, in July became the latest country to be drawn into the Middle East war as the Houthis upended a 2022 truce with the Saudi-backed government. Since then, the Houthis have imposed a maritime blockade of Saudi Arabia and repeatedly attacked its ships in the Red Sea -- a vital alternative route for oil exports after Iran all but halted Gulf shipments by blockading the Strait of Hormuz.

The rebels are now trying to tighten their hold over the Red Sea, one of the world's busiest shipping lanes, which they have disrupted with attacks on passing vessels since the Gaza war broke out in 2023. The Houthi offensive aims to cut off the government-held port city of Mokha, under fire for weeks, and advance towards areas bordering the Bab al-Mandab, military sources told AFP.

The rebels have seized elevated sites overlooking government positions near the Red Sea and the city of Taiz further inland, a military source and a Taiz official told AFP, requesting anonymity. The Houthis could target ships from these elevated positions, they said.

The toll rose to 129 on Friday, according to an AFP tally compiled from several sources, up from an earlier count of 81. A Yemeni military official speaking on condition of anonymity told AFP that 66 of his men had been killed, while medical and military sources close to the Houthis said at least 62 militants had died.

Another medical source said a civilian had also been killed. Although the Houthis do not control areas bordering Bab al-Mandab, they hold the key port city of Hodeida north of Mokha. "They are going for Bab al-Mandab," said Mohammed al-Basha, of the US-based risk advisory Basha Report.

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"The Houthis feel that if they capture Bab al-Mandab or Mokha port they will be in a better position of power to negotiate with the government and the Saudis," Basha added. With Iran's closure of Hormuz, the Bab al-Mandab chokepoint has gained increased importance as a transit route for oil from Saudi Arabia, the world's biggest exporter of crude.

The narrow waterway connects the Red Sea -- and, via the Suez Canal, the Mediterranean -- to the Indian Ocean. In July, a fragile truce between the Houthis and the government fell apart after the rebels welcomed an Iranian plane to Sanaa, setting off a spate of attacks.

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If passed, the resolution would follow up on one adopted on June 12 of last year declaring Iran in breach of its non-proliferation obligations for not fully cooperating with an investigation into uranium traces found at undeclared sites. Israel started bombing Iran's nuclear facilities the next day, soon joined by the U.

S. Iran's uranium-enrichment plants were destroyed or badly damaged. Iran has not let International Atomic Energy Agency inspectors return to the bombed sites since then or verify what remains of its stocks of enriched uranium, some of which was enriched to up to 60% purity, a short step from weapons grade.

FRESH DIPLOMATIC ESCALATION A resolution by the IAEA's 35-nation board reporting Iran to the Security Council would also be the culmination of a standoff over IAEA access to those sites, since the board has passed two resolutions in the past year demanding Iran declare its enriched uranium stocks and grant the IAEA full access to verify them.

"(The board) requests the (IAEA) Director General to transmit this resolution and the previously adopted resolutions ... to all Members of the Agency and to the Security Council and the General Assembly of the United Nations," said the latest resolution draft seen by Reuters.

It also "reiterates its call upon Iran to urgently remedy its non-compliance with its Safeguards Agreement by taking all steps deemed necessary by the Agency and the Board, so that the Director General can provide the necessary assurances regarding the correctness and completeness of Iran's declarations".

The draft has not yet been formally submitted to the board and negotiations over the exact wording are ongoing, diplomats said. Whenever the four powers have submitted a draft resolution on Iran in recent years, it has passed. Concrete action by the Security Council against Iran is unlikely since Tehran's allies Russia and China are permanent, veto-wielding members.

IAEA CONCERNS OVER ENRICHMENT Iran has often retaliated following IAEA board resolutions against it by escalating its nuclear activities or scaling back cooperation with the IAEA, but its options for both are currently extremely limited. It is unclear what other repercussions there might be on Tehran's conflict with the U.

S. As a party to the nuclear Non-Proliferation Treaty (NPT), Iran has the right to develop nuclear technology, including enrichment, for peaceful purposes. Iran says it would never produce nuclear weapons. It is, however, the only country to enrich to 60% without making a bomb.

The IAEA has said the amount it has enriched to that level is of serious concern. The IAEA estimates Iran had 440.9 kg of uranium enriched to that level before its sites were bombed. That is enough, if enriched further, for 10 nuclear weapons, according to an IAEA yardstick.

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The US and its allies Britain, France and Germany are pushing other countries on the UN nuclear watchdog's board to pass a resolution next week reporting Iran to the UN Security Council for the first time in 20 years, diplomats said on Friday. If passed, the resolution would follow up on one adopted on June 12 of last year declaring Iran in breach of its non-proliferation obligations for not fully cooperating with an investigation into uranium traces found at undeclared sites.

The US launched an air war against Tehran on February 28 in which, together with Israel, it destroyed or badly damaged Iran's uranium-enrichment facilities. Iran has not let International Atomic Energy Agency (IAEA) inspectors return to the bombed sites since then or verify what remains of its stocks of enriched uranium, some of which was enriched to up to 60% purity, a short step from weapons grade.

Resolution would be culmination of standoff over IAEA's access to nuclear sites A resolution by the IAEA's 35-nation board reporting Iran to the Security Council would also be the culmination of a standoff over IAEA access to those sites, since the board has passed two resolutions in the past year demanding Iran declare its enriched uranium stocks and grant the IAEA full access to verify them.

A draft text for the resolution has yet to be formally submitted to the board and negotiations between countries over the exact wording are ongoing, diplomats said. A draft is usually formally submitted early in the week of a board meeting. As a party to the nuclear Non-Proliferation Treaty (NPT), Iran has the right to develop nuclear technology, including enrichment, for peaceful purposes.

Iran says it would never produce nuclear weapons. It is, however, the only country to enrich to 60% without making a bomb. The amount it has enriched to that level is "a matter of serious concern" to the IAEA. The IAEA believes well over 200 kg of that highly enriched uranium has survived the bombardments and is held in a tunnel complex at Isfahan and at the Natanz facility.

Location: Jerusalem