Trump's trade wars and Iran conflict drive aluminium prices to record highs
The global aluminium market is reeling under the combined weight of Donald Trump’s trade wars and the fallout from the Iran conflict, with prices surging to record highs and European and American industries facing severe shortages. On Sunday, the London Metal Exchange reported a 12% jump in aluminium futures over the past week, driven by disruptions at the Strait of Hormuz and retaliatory tariffs imposed by Washington on Iranian metal exports. European producers, already struggling under EU sanctions on Russian aluminium, now warn of plant closures within months if supply chains do not stabilise.
In Gaza, Trump’s vision of a luxury Riviera has given way to a humanitarian crisis. Residents of the enclave told *Aftenposten* that raw sewage and uncollected waste now flood streets where skyscrapers were once planned. “They promised beaches with five-star hotels,” said 32-year-old teacher Amal al-Masri. “Instead, we have raw sewage in our homes.” The shift reflects the collapse of Trump’s 2024 proposal to transform the territory into a high-end destination, a plan that critics dismissed as a distraction from the ongoing blockade and military operations.
At 80, Trump remains a fixture in the White House, but his stamina is increasingly managed by a rotating staff. According to *The Times*, chief of staff Susie Wiles begins work at dawn and often stays past midnight, handing off to deputy Dan Scavino—who first met Trump at 16 as his teenage caddie—for overnight shifts. The arrangement underscores concerns about the president’s famously erratic sleep patterns and the informal “shadow cabinet” that keeps the administration running.
Meanwhile, the cost of Trump’s proposed new White House ballroom has ballooned to $400 million, more than double the original estimate, after the project expanded to include a rooftop drone port, a subterranean hospital, and “classified military facilities.” The revelation, reported by the BBC, has drawn criticism from congressional Democrats who question the need for such extravagance amid budget battles over Social Security and defence spending.
Diplomatic observers argue Trump’s approach to conflict resolution has worsened global instability. In an op-ed for *The Guardian*, foreign affairs commentator Simon Tisdall writes that Trump’s failure to broker lasting ceasefires in Ukraine, Gaza, and Lebanon—despite his boasts of personal dealmaking—has left civilians bearing the brunt of escalating violence. “In baseball parlance, in Ukraine, Iran-Lebanon and Israel-Palestine, Trump is 0 for 3,” Tisdall notes. “He boasted he alone could cut deals and bring peace. He’s delivered neither.”
As Trump’s second term enters its third year, the contradictions of his presidency—between spectacle and substance, between isolationist rhetoric and expansive military projects—are hardening into policy. Whether in aluminium markets, war zones, or the corridors of power, the consequences of his decisions are reshaping economies and lives far beyond Washington’s borders.
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