The renewed U.S.-Iran conflict is increasingly centered on control of the Strait of Hormuz, with continued military escalation failing to stop Iranian pressure on commercial shipping while regional political and economic risks continue to grow.

The United States has launched new airstrikes against Iran, and Tehran responded by targeting Gulf countries. The exchange of fire threatened an interim deal intended to help end the war in the Middle East. Back-and-forth attacks have repeatedly threatened the ceasefire, but the recent strikes appeared bigger all around. Sirens sounded at least three times in Bahrain while missiles targeted Kuwait and Qatar. Manesa Dhanabalan reports.

Iran responds by targeting US-allied Kuwait and Qatar and accusing US of striking near its sole nuclear power plant

Historian and economist Mark Skousen explores Benjamin Franklin’s shocking claim that “all property is the creature of society,” his support for broad democracy and paper money, and the benefit principle of taxation – revealing timely lessons for building wealth today.

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