Washington Today Pres. Trump says 'we're not finished yet' with military strikes on Iran; Int'l Energy Agency says record 400 million barrels of oil to be released to bring down energy prices
Mar 11, 2026
Philip Swagel, Congressional Budget Office director, explains economic forecasting and war cost uncertainty. Senator Elizabeth Warren, Massachusetts lawmaker, presses on fiscal trade-offs. They discuss military strikes on Iran, a record 400 million-barrel oil release, budget impacts, and DHS funding standoffs in short, focused segments.
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Trump Says Strikes Have Crippled Iran
- President Donald Trump framed the U.S. campaign against Iran as both an "excursion" and a war, saying strikes have hit Iran "harder than virtually any country in history."
- He claimed U.S. forces knocked out Iran's navy, leadership twice, and are degrading drones and missile capability ahead of schedule.
Schumer Demands Answers On Costs And Rationale
- Senator Chuck Schumer highlighted U.S. and regional casualties and economic pain, calling for transparent investigation into civilian deaths and Senate hearings on the administration's rationale.
- He linked rising gas prices and repeated shifting rationales for the campaign to public concern about why America is at war.
IEA Orders Historic 400 Million Barrel Release
- The International Energy Agency announced a unanimous release of 400 million barrels from emergency stocks to offset supply lost from Strait of Hormuz disruptions.
- IEA Director Fatih Birol stressed this is the largest ever release and called for resumption of transit through the strait for lasting stability.