“The Iran war is deepening the US energy crisis. A bad winter is ahead”, 30 October 2026 (Photo via The Guardian — the original report)
As it ran on the front
The promise that the Iran war ends soon turned forty-one days old Sunday. The president added no new details. Asked about it, he said the war will be put away very soon, one way or the other, a phrase that commits to nothing except that the war will eventually stop making noise. The war itself kept making noise in numbers the rest of the week.
Start with the bill Congress has been trying to read. In July the Congressional Budget Office put the war's cost near forty billion dollars and called that figure conservative. By August the Pentagon's own tally to Congress was forty-two billion. By late October it was forty-seven point one billion, a rise of more than five billion dollars with no line items attached. That beat is already on the record. This week's filing is a different ledger, and it does not run the same direction.…
…(cont) In August, a mandated disclosure to the Office of Government Ethics, covering the president's financial activity through the second quarter, showed more than a thousand stock transactions, including fresh money in energy companies. The disclosure puts his oil and gas holdings as high as eighty-one point six million dollars, climbed on the war's gains. The filing does not say the climb is the war's alone; it says the war is where the gains came from. That is the reconciliation: one war, one set of holdings, and they moved together.
They are not the only thing moving. On the Guardian's ledger this week, families who heat their homes with oil are facing bills as much as fifty percent higher this winter, nearly nine hundred dollars more, on top of a crisis that predates the war. He called the squeeze temporary.
So does the president's promise. Eighty-one point six million dollars is not temporary; it is a filing, dated, with a number on it. The heating bill is not temporary either; it arrives in December whether or not the war is put away by then. Only the promise has no date attached, and on Sunday it got a new way of saying so.
🍺
“The guy's heating oil bill is going up nine hundred bucks this winter because of a war the administration keeps saying is almost over, and in the same month the filing shows the president's own oil stocks went up eighty-one million. That's not a coincidence you need a conspiracy to explain, hon — it's a portfolio and a war moving on the same calendar. The promise never gets a date. The filing always does.”
“Look, every president has investments, that's not news — the blind trust, the, well, there's no blind trust, but the point is wars affect markets, that's just economics, it's not like he called up the oil companies and said — did I say that? That's not what happened, forget I said that. The affordability thing is temporary, Antoni said so himself, on television, which is basically a filing.”
President Trump claims his war with Iran will come to an end "soon" as Qatari mediators push for a deal days before the midterms. CBS News senior national security correspondent Charlie D'Agata breaks it down.
Congress must act to ensure that families are able to heat their homes before the start of the season Heating oil may be the clearest warning yet of how the war in Iran is deepening the US’s energy affordability crisis. Families who heat their homes with oil are facing bills that could be 50% higher this winter, adding nearly $900 to the…
Iranian Supreme Leader Mojtaba Khamenei on Saturday escalated his rhetoric against the United States after President Donald Trump teased a renewal of Washington’s war against Tehran following the midterm elections. Khamenei said Iran’s military target list would be “updated comprehensively” to include “all physical and non-physical…
Saudi, Pakistani, and Turkish leaders met with Iranian officials in Tehran, signaling their reticence to renew the war.
"I'll meet with Putin. I'll meet with Zelensky... And within 24 hours, that war will be settled" - Trump, 10 May 2023; CNN counted 53 such promises CNN fact check, 25 April 2025 (all 53 instances)
Earlier, President Trump predicted the war with Iran is "going to end soon," without offering any details, as Qatari mediators return to Tehran to push for a deal.
The US is set to rejoin indirect talks with Iran in Qatar, local media reported, after a series of signals that the US could resume military action immediately after the midterm elections Tuesday.
This page is a back-issue: the story as it ran, receipts as they were. The current edition is at the front. The byline is a pen name for a column drafted by a machine and checked by the editor: how this is made.