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Three unknowns for America and the world after Trump's strike on Iran

Business World Philippines

|

June 23, 2025

PRESIDENT Donald Trump has claimed a “spectacular military success” in destroying three sites in Iran; we'll see if that’s true. What is clear is that he has pushed America into a war with Iran that he acknowledges may escalate.

- By Nicholas Kristof

Three unknowns for America and the world after Trump's strike on Iran

Beyond doubts about the legal basis for bombing Iran, I see risks for America and the world ahead revolving around three fundamental unknowns.

The first uncertainty is how Iran will strike back at the United States. Iran’s supreme leader, Ayatollah Ali Khamenei, previously promised, “The harm the US will suffer will definitely be irreparable if they enter this conflict militarily.”

Iran has many options, including attacks on US bases in Iraq, Bahrain, and elsewhere in the region. It could also mount cyberattacks, strike US embassies, or support terrorist attacks.

Another option would be to seek to close the Strait of Hormuz, fully or partly, by attacking shipping or by laying mines. That could be a blow to the world economy, for one-quarter of the world’s oil passes through the strait. Experts have told me that they believe the United States could, over time, reopen the strait, but there might be economic and other costs. When Iran mined the strait in 1988, a mine crippled a US Navy frigate, the Samuel B. Roberts.

When the United States assassinated Qassem Soleimani, a top Iranian general, in 2020, Iran launched a missile barrage at American bases in Iraq. A Ukranian passenger jet was hit by accident, killing all 176 people aboard.

FLERE HISTORIER FRA Business World Philippines

Business World Philippines

Judicial Reform Initiative: celebrating a decade of resolve

This year marks the 10 anniversary of the Judicial Reform Initiative (JRI), a milestone that allows us to reflect on a decade of dedicated effort to strengthen one of the most vital pillars of our democracy: the rule of law.

time to read

2 mins

December 19, 2025

Business World Philippines

Business World Philippines

It ain't over 'til the fat lady sings

For years now, we have written — perhaps too often — about the extraordinary plunder of public money involving politicians, public works engineers and officials, and their collaborating private contractors.

time to read

6 mins

December 19, 2025

Business World Philippines

BPI plans to merge thrift units Banko, Legazpi Savings Bank

BANK of the Philippine Islands (BPI is set to merge its thrift bank subsidiaries BPI Direct BanKo, Inc., A Savings Bank (BanKo) and Legazpi Savings Bank, Inc. (LSB), it said on Thursday.

time to read

1 mins

December 19, 2025

Business World Philippines

Customs chief expects revenue collection to hit P939 billion this year

THE Bureau of Customs (BoC) said revenue collection may come in below target this year due to slower import activity amid the rice import ban and the corruption scandal.

time to read

3 mins

December 19, 2025

Business World Philippines

Warner Bros. Discovery board rejects rival bid from Paramount

Warner Bros. Discovery’s (WBD) board spurned Paramount Skydance’s (PSKY) $108.4-billion hostile takeover bid on Wednesday, calling the offer “illusory” as it accused the studio giant of misleading shareholders about its financing.

time to read

4 mins

December 19, 2025

Business World Philippines

Sun Life Grepa offers new insurance plan

SUN LIFE Grepa Financial, Inc. has launched a new life insurance product that allows customers to tap various investment funds.

time to read

1 min

December 19, 2025

Business World Philippines

Budget ratification and signing set for Dec. 29

PHILIPPINE LAWMAKERS on Thursday reconciled disagreeing provisions of the proposed P6.793-trillion national budget for 2026, ending Congress’ review of the spending plan marked by one of the most contentious proceedings in recent years amid a corruption scandal over flood control projects.

time to read

5 mins

December 19, 2025

Business World Philippines

Grade 5 PHL students trail Southeast Asian peers in reading, math

GRADE 5 students in the Philippines continue to fall behind most Southeast Asian neighbors in terms of proficiency in reading and mathematics, a learning assessment program by the United Nations Children's Fund (UNICEF) and the Southeast Asian Ministers of Education Organization (SEAMEO) showed.

time to read

4 mins

December 19, 2025

Business World Philippines

Business World Philippines

Wishes for the children

On Christmas week, we pray for love, grace, forgiveness, hope, protection and world peace.

time to read

2 mins

December 19, 2025

Business World Philippines

Business World Philippines

The US needs to welcome immigrants, not demonize them

EVEN for an administration that makes no secret of its antipathy toward immigrants, recent rhetoric from the White House has been alarming and inflammatory — and at odds with reality.

time to read

2 mins

December 19, 2025

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