Pentagon turmoil and defense budget talk dominate headlines as War Dept legacy reshapes with modern defense spending and policy, long history since 1789.
Rolls-Royce reported a 40% increase in 2025 profits, driven by military aircraft orders and data centre power demand. The company expects higher profits and share buybacks through 2028, despite supply chain and tariff challenges, reflecting a successful transformation since 2023.
The war between Israel/JUS? and Iran has escalated, with attacks on Ras Laffan and South Pars, lifting Brent above $114 and European gas prices to multi-year highs. UK and European stock markets fall as energy fears grow, while the US weighs responses.
On March 23-24, 2026, US President Donald Trump announced a five-day pause on planned strikes against Iran's energy infrastructure, citing "very good and productive" talks with Iranian officials. Trump named envoys Steve Witkoff and Jared Kushner as negotiators. Iran's parliament speaker Mohammad Bagher Ghalibaf denied any negotiations, calling US claims "fake news." The US-Iran conflict continues with Israeli strikes on Iranian targets.
The US is ready to approve a $14 billion arms package for Taiwan, including advanced interceptor missiles. The deal hinges on President Trump's approval after his upcoming trip to China, now scheduled for May 14-15, delayed due to regional conflicts.
On April 2, 2026, President Trump delivered a prime-time speech threatening intensified US military action against Iran within two to three weeks unless Tehran reopens the Strait of Hormuz, a critical oil shipping route currently blocked by Iran. Oil prices surged above $110 per barrel, while global stock markets declined sharply due to uncertainty over the conflict's duration and lack of ceasefire plans.
The 2027 federal budget includes $152 million to rebuild Alcatraz as a secure prison for violent offenders. The plan faces political and logistical hurdles, including the island's current state of disrepair and its status as a historic landmark. The proposal aims to restore the prison's reputation as a symbol of law and order.
Two buses have collided at the Pentagon Metro Station's south parking lot this morning. Eighteen people have been transported to hospitals, and five received treatment on-site. The incident caused significant transit disruptions, with operations resuming around 11 a.m. The cause remains under investigation.