conflicts

WASHINGTON — President Trump hosted the leaders of Ukraine and Israel — two nations at war — at the White House on Tuesday, as Washington’s role in both conflicts reaches a critical stage.

Trump’s meetings with Ukrainian President Volodymyr Zelensky and Israeli Prime Minister Benjamin Netanyahu came as the wars in Ukraine and Iran have recently expanded and overlapped in their footprint.

Over the weekend, Ukraine struck an Iranian cargo ship in the Caspian Sea, an attack condemned by Iranian leaders, who are dealing with their own uncertainty with a broadening war with the United States and Israel.

Both meetings took place in the Oval Office without the presence of reporters, and while few details were disclosed about the discussion, the White House described the sessions as “positive and productive.”

Yet there were signs of discord ahead of Netanyahu’s visit, his eighth during Trump’s second term and the first since the start of the U.S.-Israel war on Iran on Feb. 28.

In an interview with Fox News on Tuesday morning, Trump was asked about reports that Netanyahu planned to present him with intelligence about new activity at Pickaxe Mountain, a suspected underground nuclear site in Iran.

“Well, I don’t need Bibi to tell me that. Bibi is telling me that because he wants me to stay involved,” Trump said, using Netanyahu’s nickname. “We know exactly what is going on.”

Trump seemed frustrated that Netanyahu was putting out that information ahead of the meeting, but added that the United States would “take out Pickaxe if we don’t make a deal.” Netanyahu also came into the meeting with Trump as he pursues campaigns in Gaza, Lebanon and Syria, all with the backdrop of intensifying unrest across the Israeli-occupied West Bank.

Following the meeting, however, Netanyahu issued a video statement insisting the two had an “excellent” session.

“It was one of the best conversations I’ve had with our friend, U.S. President Trump,” Netanyahu said, adding that Israel and the U.S. were meeting “with full cooperation, with mutual support, with understanding on the joint goal that Iran won’t have nuclear weapons, and also other goals.”

With Zelensky, there were fewer signs of strain, showing improved relations between the two leaders, at least compared with their first meeting last year, which devolved into a shouting match in the Oval Office in front of television cameras.

In a social media post, Zelensky described his meeting with Trump as “good,” and thanked him for working with him to “protect the lives of Ukrainians and advance peace.”

Zelensky said the two leaders discussed Trump’s pledge to allow Kyiv to produce U.S. Patriot air defense missiles, which are vital in its military efforts against Russia.

“We also spoke about diplomacy,” Zelensky said in an apparent reference to Trump’s interest in helping Ukraine and Russia reach a peace deal.

Trump’s relationship with Zelensky has shown signs of improvement since the start of the Iran war, as Ukraine has helped Americans with drone technology to use in the Middle East conflict.

Following the meetings, all three men attended the funeral of Sen. Lindsey Graham, the South Carolina Republican who up until his death on July 11 was a staunch supporter of both Ukraine and Israel.

Zelensky was also scheduled to meet with a group of senators at the U.S. Capitol on Tuesday evening to talk about legislation that would impose harsher sanctions on Russia and its trading partners. Graham was an author of the proposed measure.

In recent days, Israeli settlers have ramped up attacks on Palestinian towns and villages, vandalizing properties, commandeering homes and fields, and establishing settlements that are illegal under international law.

At the same time, Israeli soldiers have intensified their incursions across the West Bank, arresting more than 100 Palestinians and demolishing homes.

The escalation followed a clash between settlers and Palestinian residents Friday that turned lethal, killing four Palestinians and two Israelis in what was considered the deadliest single attack in the West Bank this year.

Israeli attacks have also persisted in Gaza despite a ceasefire signed nine months ago. On Tuesday, health authorities in the enclave said 22 Palestinians were injured in Israeli strikes.

The rise in hostilities comes as Israel continues to push the United States to press on with a conflict that experts say carried political risks for the Trump administration with its supporters at home and international allies.

Last week, the U.S. war escalated again as Iran-backed Houthis in Yemen attacked two Saudi Arabian oil tankers in the Red Sea, causing global oil prices to surge. The development prompted fears of yet another vital energy corridor being choked off by the Iran war.

As the November elections approach, Trump has downplayed the economic toll the war has taken on his supporters. On Monday, he told a crowd in Michigan that if they ever question why the United States is at war, it’s because “we’re not going to let lunatics have a nuclear weapon.”

Meanwhile, the cycle of claims and counterclaims by the U.S. and Iran has continued.

On Tuesday, Ebrahim Zolfaqari, a spokesperson for the unified command of Iran’s armed forces, warned any country or company accepting frozen Iranian funds as compensation for damaged vessels — as per Trump’s proposal over the weekend — would be struck.

Iran’s Foreign Ministry spokesperson Esmail Baghaei also contradicted Trump’s assertions of ongoing discussions between Iran and the U.S. and that Tehran was asking for a meeting.

Negotiations with the U.S. are “not in our DNA,” Baghaei said.

Meanwhile, Ukraine’s strike on an Iranian ship has raised the possibility of a growing footprint in that war. Ukraine said the ship was carrying military equipment between Iran and Russia.

Iran condemned the attack, with Iranian Foreign Minister Abbas Araghchi slamming it as a “violation done at Israel’s behest” and the ministry spokesman comparing Zelensky to pre-World War I “anarchists” whose “theatrical yet highly dangerous acts” ignited a Europe-wide conflict.

“There is no guarantee that a dramatic gesture intended to attract attention and assert one’s position in the international arena, where that position is not particularly strong, will remain limited in scope,” Baghaei said during a news conference in Tehran on Monday.

He added: “The consequences, both for Ukraine and for the entire region drawn into this conflict, could be unpredictable.”

Ceballos reported from Washington and Bulos from Beirut.

WASHINGTON — A spectacular economic upturn is on its way, President Trump promised Americans last week, galvanized in part by a deal brokered this month to end his war with Iran.

“Very soon you’ll be at $2.50 a gallon for gasoline,” Trump told a crowd Wednesday night on the National Mall. The next year, he said, “is set for an economic boom the likes of which no nation has ever seen before.”

Economists are skeptical. The effects of the war and other factors driving inflation are likely to stick around for months, experts say, presenting an ongoing challenge to American households — and to Trump’s party as it seeks to retain control of Congress in November’s midterm elections.

Yesenia De La Torre, 24, from Culver City pumps gas at the Chevron gas station on Sawtelle Boulevard and Culver Boulevard on June 15. Despite an agreement announced Sunday to end the Iran war and open the Strait of Hormuz, high oil, gasoline prices and energy supply problems won’t be solved overnight.

(Kayla Bartkowski / Los Angeles Times)

The war’s end will not create “a complete snap-back,” said Patrick Harker, professor at the University of Pennsylvania Wharton School and former president of the Federal Reserve Bank of Philadelphia.

“Markets are still cautious, and the infrastructure that’s been destroyed [in the Middle East] is going to take a while to re-create,” Harker said. “Inflation’s going to stay elevated for a while.”

Oil prices were dropping last week — falling to their prewar level Friday — and average gas prices fell by 7 cents per gallon over a week ago. But it will take significant time for oil shipping to ramp up through the Strait of Hormuz, infrastructure to be rebuilt and gas prices to drop, said Michael Negron, senior fellow for economic opportunity at the Center for American Progress.

“I would expect there to be a continued inching downward,” Negron said, but “we’re not going to just go back within weeks to $2.90 per gallon.”

That means the prices of gas and of other essentials aren’t likely to improve dramatically before the midterms, in which affordability has become a driving issue. It could heighten challenges for Republicans, who are defending their majorities in the U.S. House and Senate, as Democrats seek to leverage the issue to gain ground.

Positive messaging about the economy from Trump and other officials “doesn’t really resonate” with Americans who are struggling to make ends meet, said Gina Plata-Nino of the Food Research and Action Center, a national anti-hunger advocacy organization.

“When you’re still making the same amount of money but there’s less for you to be able to pay [for] your basic needs — gas is more expensive, food is more expensive — it doesn’t really add up,” she said.

A fruit stand on West 7th Street sells bananas for $2 per bunch.

(Carlin Stiehl / For The Times)

Americans question the costs

The Iran war has cost the average American household between $775 and $1,300 so far in fuel and taxpayer costs, according to an analysis by Roger Pielke, a senior fellow at the American Enterprise Institute.

The national average gas price sat at $3.90 on Friday, according to AAA, and California’s average was $5.48 per gallon, down 13 cents from a week earlier.

The increase in oil prices has also affected diesel and fertilizer prices, creating a ripple effect through several sectors, including agriculture. Consumer prices rose 4.1% in May from a year earlier, putting the inflation gauge at a three-year high.

Trump has leaned on a bullish message about the economy, but he has largely dismissed Americans’ worries about affordability, calling it a “fake word” and a “hoax.” Last week, he undermined the first major progress by Congress on the issue, refusing to sign a bipartisan housing affordability bill after both chambers passed it.

President Donald Trump closes his eyes as Dr. Ben Carson, left, speaks during an event with the White House Religious Liberty Commission in the Oval Office on Friday.

(Anna Moneymaker / Getty Images)

Meanwhile, the president’s approval rating on the economy dropped to 33% last week in an NPR/PBS News/Marist Poll — his lowest ever for that poll and 3 points below former President Biden’s worst reading on the question during his term.

Nearly four-fifths of respondents said that gas prices present some sort of strain, with 34% categorizing it as a major strain and 44% calling it a minor strain. Half of respondents who said they were not vacationing this summer said cost was the reason.

And only 23% of Americans say the war was worth the costs, according to a Reuters/Ipsos poll conducted days after the Trump administration announced the framework agreement to end the conflict earlier this month.

“People [are] just feeling like they’re getting left behind,” Harker said. “That’s a very real, palpable feeling when you go out and talk to people. They’re worried.”

The president and his party need a midterms message that “real economic change” is coming, said Brian Reisinger, a rural policy analyst in Wisconsin and a former GOP strategist.

“It has to be substance behind the sell,” Reisinger said.

Senate Majority Leader John Thune (R-S.D.) speaks to reporters after the weekly Senate policy luncheons at the U.S. Capitol on Tuesday in Washington, D.C. Thune spoke on a meeting with President Trump on the Iran deal.

(Kevin Dietsch / Getty Images)

U.S.-Iran talks on shaky ground

Trump’s boosters have hailed the Iran deal as a victory for the president. And Trump has justified the shock to gas prices as “worth it not to have a nuclear weapon” in Iran, though the war has not achieved the president’s stated aims, which included the elimination of its nuclear program.

“President Trump was clear all along that there would be short-term, temporary disruptions to energy markets, and that oil and gas prices will quickly fall as soon as the Iran situation is resolved,” White House spokesperson Taylor Rogers said Friday.

How rapidly the conflict will be resolved is not yet clear. The U.S.-Iran negotiations were on shaky ground by week’s end, with each country offering diametrically opposed messaging on the status of key points of negotiation.

Analysts say much of the increase in traffic through the strait has been driven by the return of Iranian oil to global markets. Trump agreed in the controversial deal with Iran to lift sanctions on Iranian oil, allowing Tehran to resume trading its most valuable export and breaking with decades of U.S. policy.

The unpredictability of the talks is another factor keeping energy companies, shippers and insurers cautious for now, Negron said.

“Everything is to be negotiated in the next nearly two months,” he said. “It is natural to expect there to be additional risk priced into each barrel of oil, into the insurance people are paying, just because of the volatility and uncertainty of where we are.”

WASHINGTON — The chair of the House Oversight Committee has sent a letter to OpenAI Chief Executive Sam Altman requesting information about potential conflicts of interest between Altman’s personal investments and his operation of the company.

The letter, sent Friday, comes amid a high-stakes legal battle currently playing out in an Oakland federal courtroom between one-time partners Altman and Elon Musk, the world’s richest man, who in 2015 co-founded the AI company best known for creating ChatGPT.

The company was first established solely as a non-profit corporation and the letter sent to Altman by Rep. James Comer (R-Ky.), the Republican chair of the Oversight committee, indicates that the committee is “investigating potential conflicts of interest involving capital from nonprofit corporations invested in startups and other for-profit companies.”

Comer has requested by May 22 a briefing from the company official responsible for oversight of potential conflicts involving company officers and directors, including Altman, as well as all documents related to conflict of interest policies and guidance for those executives.

While OpenAI was created as a non-profit designed to responsibly harness the power of the emerging artificial intelligence technology, the company created a for-profit subsidiary in 2019 and three years later released ChatGPT, which jumpstarted widespread adoption of the technology.

Musk, the chief executive of Tesla, left Open AI’s board in 2018, one year before the creation of the for-profit arm. He is arguing that Altman and another co-founder, Greg Brockman, betrayed the original mission of the non-profit organization, driven by their desire to “cash in” on the technology.

Musk added Microsoft, a significant investor in OpenAI, to the lawsuit in 2024. OpenAI is rumored to be gearing up to go public later this year or early next, and was recently valued at $852 billion.

Musk has said that he invested $38 million in the OpenAI non-profit, but he does not stand to benefit from a potential OpenAI public offering.

He created a rival company xAI in 2023 that was later folded into his company SpaceX

In the lawsuit, Musk is seeking $150 billion in damages, for Altman to be removed from the company and for the company to be fully returned to its non-profit status.

Musk’s complaint also alleges that Altman engaged in self-dealing by directing OpenAI to pursue deals with companies in which he also held a personal stake, including nuclear fusion power company Helion.

Comer’s letter cites reporting that Altman’s pursuit of a Helion deal, which is still ongoing, would come at a lofty valuation of the power-company, boosting the company’s worth, and the value of Altman’s investment.

Altman was briefly forced to step down from leadership of OpenAI in 2023 in part due to concerns about potential conflicts between his personal investments and his operation of the company, but was soon reinstated.

While the company’s board created an audit committee to investigate the potential conflicts of Altman and other officers, the findings were never disclosed.

Comer has requested that Altman turn over all documents and communication related to that audit committee.

Representatives for OpenAI did not immediately respond to requests for comment.