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New York’s Medicaid program is being thoroughly examined by Centers for Medicare and Medicaid Services (CMS) Administrator Dr. Mehmet Oz, who claims there is evidence of widespread fraud. 

In a letter to New York Gov. Kathy Hochul Tuesday, Oz asked state officials 50 questions about the program and gave Hochul and her team 30 days to get the requested information to the Trump administration.

Oz asked that she and her team give CMS detailed information on ‘program integrity and provider screening and enrollment oversight within New York’s Medicaid program.’

‘Recent data reporting, federal prosecutions, and analyses raise serious concerns about New York’s oversight of personal care, home health, adult day care programming, non-emergency medical transportation (NEMT), and behavioral health services,’ Oz’s letter addressed to Hochul and several state health officials read. ‘This evidence, combined with New York’s elevated per capita Medicaid spending and workforce utilization patterns that significantly exceed national norms, underscore the need for immediate investigation, corrective action, and enhanced transparency.’

‘The data is clear: New York far outspends other states on its Medicaid program on a statewide and per beneficiary basis,’ he added.

In a video message, Oz said New York spends more than $100 billion a year on Medicaid, the second highest in the nation. He said New York’s average spending on each beneficiary is more than $12,500, 36% higher than the national average. 

‘As a result, New York’s average Medicaid spending per resident was the highest in the country, nearly 80% higher than the national average,’ Oz said in the video.

‘That alone demands scrutiny. But it gets worse. Personal care services, these help Medicaid patients do something that our families would normally do for us, like carrying groceries. New York State made the screening even more lenient by allowing problems like being ‘easily distracted’ to qualify for a personal care assistant. And that’s led to 45 billion in spending in just over two years,’ Oz added.

Last year, Oz said, 5 million beneficiaries — nearly three out of four enrollees — received those personal care services. He argued that that level of utilization is ‘unheard of’ and has made personal care services ‘the number one occupation in New York state.’ He argued New York has turned a program intended to help the most vulnerable into ‘a massive jobs program reimbursed by federal taxpayers.’

Oz also argued that home health aide payments jumped by 65% year over year twice in a row, even though the number of patients did not increase ‘at that crazy high rate.’

He said adult daycare spending spiked by more than 100% in the last three months while federal prosecutors found a $68 million alleged fraud scheme involving kickbacks at the adult care centers.

 ‘This isn’t about politics,’ Oz said. ‘It’s about protecting patients and protecting taxpayers. We owe New Yorkers transparency. We owe beneficiaries integrity. And we owe the American people accountability.’

 ‘When the numbers don’t make sense, we ask hard questions, and we expect an honest answer,’ he said. ‘Governor Hochul has a month to share a reasonable corrective action plan to fix the fraud, waste and abuse in New York state or CMS will start deferring payments to protect Medicaid.’

A spokesperson for Hochul told Fox News Digital that she was leading efforts to get rid of waste, fraud and abuse in Medicaid before President Donald Trump’s return to the White House. The spokesperson also said that Hochul’s office would work with the administration to ‘identify bad actors.’ However, the spokesperson also classified CMS’s probe as politically motivated.

‘Well before the Trump administration even took office, Governor Hochul was leading efforts to root out waste, fraud and abuse — including sweeping CDPAP reforms that shut down hundreds of wasteful Medicaid middlemen and saved over $2 billion for state and federal taxpayers while protecting home care for those who need it,’ a spokesperson for Hochul told Fox News Digital.

‘But let’s be clear about the real goal for Donald Trump and Washington Republicans: eliminating programs that support our most vulnerable and ripping away healthcare from everyday New Yorkers,’ the spokesperson added.

The probe into the state’s handling of Medicaid comes amid recent positive interactions between Trump and Democratic socialist New York City Mayor Zohran Mamdani. The two have exchanged niceties and met at the White House last week.

On Tuesday, Trump posted a photo of Mamdani in front of the Declaration of Independence in the Oval Office and said, ‘Zohran has come a long way embracing, of course, the Declaration of Independence while at the Oval Office — Big progress!’

Fox News Digital also reached out to Mamdani’s office for comment.

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As U.S. and Israeli air forces continue to attack Iran’s leadership and facilities with devastating military strikes, there are intense discussions unfolding about who will rule the country if the regime falls.

One of the biggest questions being asked by Iran experts is whether the fragmented opposition groups can come together and unite in defeating the regime.

Lawdan Bazargan, anIranian political and human rights activist who was imprisoned by the regime for her dissident activities in the 1980s, told Fox News Digital there is a dangerous precedent for a total unified opposition. 

Unity cannot mean everyone stands under my flag,’ she said. 

‘That model failed Iran once before. In 1979, one figure [Ayatollah Ruhollah Khomeini] absorbed moral authority while claiming he wasn’t seeking office and ended up consolidating absolute power. It’s also not fair to automatically position someone who has not lived in Iran for decades as the interim authority of over 90 million people. That fuels more mistrust, not less.’

She also warned about the need to avoid a Venezuela situation in which Nicolás Maduro was replaced by his devotee, Delcy Rodríguez.

Mariam Memarsadeghi, a senior fellow at The Macdonald-Laurier Institute and founder and director of the Cyrus Forum for Iran’s Future, told Fox News Digital, ‘When it comes to helping unite opposition forces, the crown prince [Reza Pahlavi] has the most responsibility because he is leading. It is to everyone’s advantage for him to build true alliances and real cooperation.

‘He can start through reconciliation with prominent figures who once were in collaboration with him before spoilers in his own ranks were propelled by regime manipulation and infiltration to turn on others. It will be tempting to think that, because he is popular, he does not need others. But there is much hard work ahead.’

Reza Farnood, a researcher, writer and activist, told Fox News Digital, ‘In 48 years of activism and struggle, I have never experienced such broad unity and alignment. Even those who for years held firmly leftist views and were staunch opponents of the Shah and the Pahlavi family are now openly supporting the prince. Inside Iran, people are openly and courageously chanting his name.’

Yet others remain skeptical of Pahlavi. 

‘Unfortunately, the Iranian opposition is more divided than ever,’ Alireza Nader, an Iran expert, said. ‘And I blame much of it on Reza Pahlavi and his team. Take the announcement of the formation of the new Kurdish Iranian coalition. Pahlavi attacked the coalition as soon as it was formed, labeling them as ‘separatists.’ 

‘But then Pahlavi had to walk back his statement after he found out that President Trump had called Kurdish leaders, an important development.’

Nader added, ‘The Kurds are very organized and capable. And they are armed. Anyone who wants to free Iran has to work with them. The regime is a deeply entrenched system in Iran. It’s an ideology and belief system that will not be uprooted with air strikes. And the regime has been preparing for this moment for decades. The individual leaders may not matter as much as the system.’

Yet while many voices claim Pahlavi should be the rightful successor to bring democracy to Iran, others point to the influential Mojahedin-e-Khalq (MEK), the Iranian exile organization that has attracted supporters like former Secretary of State Mike Pompeo and former New York City Mayor Rudy Giuliani.

The group was reportedly the first to highlight Iran’s nuclear weapons ambitions and regularly posts videos on its social media showing its active units operating against the regime. A post on X dated March 3 shows attacks against regime targets.

‘Resistance Units step up anti-regime activities nationwide,’ it said, adding that there have been 30 operations in 15 cities, including Tehran, in recent days.

Its Paris-based leader, Maryam Rajavi, says she supports a secular provisional government. Ali Safavi, an official with the Foreign Affairs Committee of the Paris-based National Council of Resistance of Iran (NCRI), told Fox News Digital, the organization ‘has consistently argued that unity must be built on principles — republicanism, popular sovereignty, human rights and the separation of religion and state — rather than on personalities or nostalgia for past systems.’

The NCRI is the umbrella organization for groups that fall under MEK.

Andrew Ghalili, the policy director for the National Union for Democracy in Iran (NUFDI), defended Pahlavi’s standing, saying, ‘There is no figure within the Islamic Republic who has legitimacy with the Iranian people or who would be a credible partner for the U.S.

‘As for opposition unity, the pro-democracy opposition is more united than it gets credit for. At the Munich Security Conference in 2025, a broad coalition came together around Crown Prince Reza Pahlavi and four core principles for democratic transition. That includes monarchists, republicans, human rights advocates, ethnic minority representatives — all committed to a democratic, territorially intact Iran.’

Ghalili claimed, ‘When people say the opposition is ‘fractured,’ they’re usually lumping in groups like the MEK, which is universally reviled inside Iran and has no democratic credentials or aspirations, or separatist movements that don’t reflect what Iranians, including ethnic minorities, actually want. The real pro-democracy opposition is already uniting. The world, and international media, should recognize it.’

‘If the West truly wants stability and not a Venezuela-style managed authoritarian transition, it should not anoint personalities,’ Bazargan warned. ‘It should push for a structured transition that guarantees free and fair elections within 12 months, with distributed authority and real safeguards against concentration of power. 

‘Iran does not need another supreme figure, even a secular one. It needs an accountable transitional framework, so every Iranian feels they have a stake in their future. Without that, fragmentation will continue, and fragmentation only helps the regime survive.’

Her warning was echoed by Memarsadeghi, who said, ‘The Iranian people will not trust in any process that leaves in power any vestige of the regime that massacred them.’

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Senate Republicans closed ranks Wednesday, handing President Donald Trump a win on his use of force in Iran, despite lingering questions about America’s involvement in the Middle East.

The Senate shot down a resolution from Sen. Tim Kaine, D-Va., aimed at limiting Trump’s military actions in Iran on Wednesday, following days of speculation about whether Republicans would cross the aisle — as they have done before — to reprimand the president.

The administration pushed hard to lobby support for Operation Epic Fury, holding several briefings with Congress to make its case. It appeared to work, at least for now, convincing some Republicans on the fence to back continued military action in Iran.

Only Sen. Rand Paul, R-Ky., voted in favor of the resolution, while Sen. Jon Fetterman, D-Pa., was the lone Democrat to cross the aisle in support.

Democrats argued that Trump’s actions were another instance of him disregarding Congress’ authority to use military force, that they lacked a clear strategy going forward and, further, that they were yet another campaign promise he had broken.

‘It’s time for the president to keep promises, not break them,’ Kaine said ahead of the vote. ‘That’s why I’m so glad that we’re going to put everybody on the record … Nobody gets to hide and give the president an easy pass or an end run around the Constitution.’

Democrats also seized on the administration’s refusal to rule out sending U.S. troops into Iran.

‘They refuse to take off the table the insertion of ground troops,’ said Sen. Chris Murphy, D-Conn., warning the conflict could expand beyond air and naval operations. ‘This is going to make the operations in Libya look like child’s play.’

Sen. Josh Hawley, R-Mo., who previously supported a resolution to rein in Trump’s war powers in Venezuela, said he would oppose the latest effort.

But like last time, he said a ground operation would require congressional approval.

‘I’ve always said that committing ground troops would be something I think would require immediate congressional authorization, but that doesn’t appear to be on the immediate horizon,’ Hawley said.

Senate Minority Leader Chuck Schumer, D-N.Y., argued that the goalposts kept moving for the administration, which he said was a clear sign that ‘a strategy is missing.’

Republicans countered that the president acted within his constitutional authority as commander in chief. Sen. Lindsey Graham, R-S.C., called the War Powers Act ‘an unconstitutional shift of authority from the president,’ arguing Congress retains the ability to restrict funding if it disagrees with military action.

‘We don’t need 535 commanders in chief,’ said Sen. Markwayne Mullin, R-Okla., arguing against the legislation.

There was also fatigue among some in the GOP over Kaine’s repeated efforts to reassert congressional authority in conflicts.

Republicans privately huddled Tuesday to discuss the strikes and the upcoming war powers vote ahead of their briefing with Secretary of State Marco Rubio, CIA Director John Ratcliffe, Joint Chiefs of Staff Chair Gen. Dan ‘Raizin’ Caine and Secretary of War Pete Hegseth.

A source familiar with the closed-door discussion told Fox News Digital that Republicans who may have been swayed were frustrated with Kaine’s repeated use of the Senate floor to push resolutions limiting Trump’s war authorities.

Senate Majority Whip John Barrasso, R-Wyo., noted that it was Kaine’s fifth resolution to rein in Trump’s war powers since he returned to office last year, which accounts for nearly half of all war powers resolutions put forward in U.S. history.

‘These resolutions have been used only 11 times in 50 years,’ Barrasso said. ‘The senator from Virginia alone accounts for nearly half of them. Yet Senator Kaine introduced zero war powers resolutions when Barack Obama and Joe Biden were president.’

Rubio told reporters after a briefing with every senator on Tuesday that the administration had complied with the War Powers Act, though it believes the law is unconstitutional and noted that congressional leaders had been notified ahead of the strikes.

Rubio had previously suggested that the U.S. carried out Operation Epic Fury after it became clear that Israel intended to strike Iran first, a point he later walked back.

‘If you tell the President of the United States that if we don’t go first, we’re going to have more people killed and more people injured, the president is going to go first,’ Rubio said. ‘That’s what he did. That’s what the president will always do.’

Meanwhile, U.S. forces have now struck more than 2,000 targets in Iran, largely focusing on taking out the regime’s air defenses and missile capacity. Six U.S. service members have been killed in the operation, as have nearly 50 top Iranian leaders.

The Iranian government claims at least 1,045 people have been killed throughout Iran during the operation.

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GOP Rep. Pat Fallon blasted Minnesota Gov. Tim Walz in a heated fraud hearing on Wednesday in an exchange that was quickly amplified by conservatives on social media. 

‘It’s been widely reported that in 2008, when Barack Obama was choosing his vice presidential candidate, he had three criteria. He wanted to make sure he picked someone that wasn’t as smart as him and had less talent and charisma and couldn’t possibly outshine him, so he picked Joe Biden,’ Fallon said in the House Oversight Committee hearing. 

‘And then Joe Biden in 2020 used the exact same criteria,’ Fallon continued. ‘He wanted to make sure he picked somebody that wasn’t as smart as him, had less talent and charisma, and wouldn’t outshine him, and he picked Kamala Harris.’

Fallon went on to say that in 2024, ‘I think it’s very evident why Kamala Harris picked you.’

Walz appeared to take the criticism in stride as he laughed and responded with, ‘I wouldn’t know, Congressman.’

‘The talent pool isn’t just shallow, brother, we have hit the shore,’ Fallon said before ending his questioning. 

The clip immediately made waves on social media, particularly from conservatives.

‘Tim Walz just got SCORCHED,’ conservative commentator Nick Sortor posted on X. 

Conservative influencer account Libs of TikTok called the exchange ‘one of the most INCREDIBLE OWNS in American politics.’

‘Rep. Pat Fallon torches Tim Walz,’ Brandon Straka, the founder of the #walkaway campaign, posted on X.

Much has been made in media reports and books in recent months about what went into Harris’s decision to name Tim Walz as her running mate instead of other candidates, particularly Pennsylvania Gov. Josh Shapiro.

Ultimately, according to the book ‘2024: How Trump Retook the White House and the Democrats Lost America,’ Harris ‘went with her gut’ and chose Walz believing he was the ‘better fit’ in a decision her staff was ‘unanimously behind.’

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An Iranian refugee held at gunpoint at school before fleeing Iran during the 1979 revolution is calling for hope, democracy and prayers for his homeland as the U.S. joins Israel in targeting Iran’s ruling clerical regime.

David Nasser, now an American pastor, spoke to Fox News Digital six days after Operation Epic Fury was launched in Iran — an event that reignited haunting memories for him and of the time when he was 9 years old.

‘As a child, my family and I were forced to escape Iran and run for our lives,’ Nasser, President and CEO of David Nasser Outreach recalled.

‘We found safe harbor as refugees granted political asylum here in the United States,’ Nasser said, before describing how his father had been a high-ranking officer in Iran’s military, meaning ‘his family became targets as the government collapsed.’

‘One of my most vivid memories of realizing that nothing was ever going to be the same again was at a school assembly on a military base – a soldier called out three names and mine was called first,’ he said.

‘When I got to the front, the soldier dropped a piece of paper, took a gun out of his holster and put it to my head and quoted the Quran. He told me that he was sent to make an example out of me,’ Nasser added.

The principal intervened, but the message he relayed was unmistakable. Nasser recalled.

‘They’re killing everybody who’s anybody. They’re trying to make an example out of people like our family, and they’re using fear,’ he remembered hearing at the time.

‘That’s one of my first memories of the revolution, but really just being completely scared for my life.’

Soon after, Nasser’s family devised an escape plan. They would pretend Nasser’s mother needed emergency heart surgery in Switzerland and buy round-trip tickets to avoid raising suspicion.

‘We bought round-trip airline tickets, like we were going and coming back, but we weren’t coming back. We were running for our lives,’ he said.

At the airport, Nasser remembers gripping his father’s hand tightly and hearing words he will never forget.

”If they find out we’re escaping, they’re going to kill us right here on the spot,” my father said as his hands shook, holding mine, he said. ‘The last time I was in Iran, I was a 9-year-old little boy running for my life,’ he said.

Now, watching events unfold in Iran from the safety of the U.S., Nasser said his heart remains with millions of desperate Iranians facing uncertainty.

‘We see them — I see them, I hear them. My heart is beating really fast for them right now, with hope and with prayers for their protection and their provision,’ Nasser said.

‘Protection. I’m praying for protection for them. I want to be a part of the provision for them. If Iran transitions from a theocracy to a democracy,’ he said, ‘I want to help rebuild.’

‘If this moment actually comes, and they go from a theocracy to a democracy, I want to be a part of the solution — for that 9-year-old little boy that I once was. I want to do this for him.’

Beyond political change, Nasser, who is also Teaching Pastor at New Vision Baptist Church, said he takes solace in what he describes as spiritual transformation already underway, calling it ‘the fastest-growing church in the world right now, or the underground church in Iran.’

‘We know there’s at minimum 4 million, at maximum 8 million Christians right now in Iran,’ he said.

‘In Iran, if you convert from Islam to Christianity, that can be a death sentence. If they come into your home and you’re gathering for Christian worship, they will take your home title, you will lose your home.’

‘They’re in prison. They’re being tortured. They’re being ridiculed. They’re being mocked,’ he added.

‘Above all, I came to America, and it was a land of opportunity, and I was given the gift of democracy, so I would love to see democracy in Iran, where all the boys and girls are afforded what I was afforded when I managed to escape.’

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A multi-million-dollar U.S. Navy torpedo detonated underneath an Iranian warship in a nighttime submarine strike off Sri Lanka’s southern coast — an attack, War Secretary Pete Hegseth said Wednesday in a Pentagon update, was the first of its kind since World War II.

The weapon, identified as a Mark 48 Advanced Capability (ADCAP) torpedo, underscored the scale of force used, and signaled to Tehran that ‘the gloves really are off,’ according to a former U.S. submarine commander.

‘The Mark 48 is one of the most lethal anti-ship weapons in the U.S. inventory,’ Thomas Shugart, an adjunct senior fellow at the Center for a New American Security, told Fox News Digital.

The torpedo carries a 650-pound warhead and is designed not to strike a ship directly, Shugart said, but to detonate beneath it, creating a massive vapor bubble that breaks the vessel’s back and splits it in half.

‘This torpedo detonated underneath the stern of the Iranian ship and lifted it up out of the water, and so it sank in a matter of minutes,’ he added.

The torpedo costs approximately $4.2 million per unit, according to recent data, with Shugart likening the strike to rare submarine attacks in modern naval history.

In addition to World War II, he pointed to the 1982 Falklands War as one example of a submarine-launched torpedo sinking a major surface combatant.

‘This was the second time ever that a nuclear-powered submarine has fired a torpedo and sunk a ship,’ Shugart said.

‘The only other time that happened was a British submarine called HMS Conqueror, which similarly sank an Argentine cruiser, the General Belgrano, during the Falklands War in 1982,’ he added.

The naval submarine operation, he said, would have involved increased surveillance, forward naval deployments and targeted actions designed to demonstrate U.S. maritime dominance.

‘It definitely seems to me like a message that the gloves really are off,’ Shugart added.

‘An American submarine sank an Iranian warship that thought it was safe in international waters,’ Hegseth told reporters at the Wednesday briefing.

Hesgeth described the strike as ‘a quiet death,’ adding that it marked the first sinking of an enemy ship by torpedo since World War II.

‘The U.S. Navy submarines are very highly mobile, very, very quiet, and our crews are extremely well-trained,’ Shugart explained. ‘This was not a challenge for a U.S. Navy submarine to fire a torpedo.’

‘To hunt down and sink an Iranian ship like that is not — that’s not a challenging task for a U.S. nuclear-powered submarine,’ he said.

The targeted vessel, identified as the IRIS Dena, was the newest frigate in Iran’s naval fleet and was equipped with surface-to-air missiles, anti-ship missiles, torpedo launchers and other heavy weaponry.

According to Sri Lanka’s Foreign Affairs Minister Vijitha Herath, the country’s coast guard received a distress call at 5:08 a.m. local time Wednesday from the Iranian vessel reporting an explosion.

‘I’m not sure Iran has any operational submarines anymore, but if they were operational, their biggest submarines would be at least 20 or 30 years old,’ Shugart said.

‘They would be ex-Russian diesel-electric submarines, so they’re not nuclear-powered like the U.S. ones, with satellite communications and unlimited mobility.’

‘The U.S. submarines can operate at high speed for as long as they want with unlimited endurance, other than the food on board. They carry the most advanced weapons, the most advanced sensors.’

‘This strike sent a message that if there are any Iranian warships left or any Iranian government-owned ships, they should expect no mercy,’ he added.

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A House Democrat with a background in physics is sounding the alarm over what he views as a lack of a plan to deal with Iran’s nuclear sites during the U.S. offensive campaign.

After a classified briefing Tuesday with top administration officials, Rep. Bill Foster, D-Ill., said lawmakers were not presented with a clear plan to secure or neutralize Iran’s stockpile of enriched uranium.

‘We have heard that they never had a plan for that nuclear stockpile of enriched uranium — to destroy that, to seize it or to put it under international inspection,’ he said.

The U.S. intervention was publicly justifiedby the Trump administration as a necessary step to stop Iran from developing a nuclear weapon. 

U.S. forces have struck more than 1,700 targets across Iran, including ballistic missile launch sites, air defenses, naval assets and command centers. Core nuclear facilities, however, have not been among the primary targets.

‘Until that happens, Iran will be very, very close to making — as many observers have pointed out in a nonclassified situation — Iran can use that material to make a handful of Hiroshima-style nuclear devices,’ Foster told Fox News Digital. ‘Not the sort you can put on a missile, but the sort you can deliver by a number of other ways and are very hard to stop.’ 

Foster was referring to Iran’s stockpile of highly enriched uranium, material that, if weaponized, could be used to build a nuclear explosive device.

Experts note that building a compact warhead that fits on a ballistic missile is technically complex and requires advanced engineering. But a simpler, larger nuclear device — similar in basic concept to the bomb the U.S. dropped on Hiroshima, Japan, in 1945 — would not need to be miniaturized to fit on a missile. Such a device could not be delivered by long-range rocket but could theoretically be transported by other means.

Foster argued that containing Iran’s nuclear materials, most of which are buried deep underground, would likely require U.S. forces to enter Iran.

Recent satellite imagery shows damage to support buildings and access points at Iran’s Natanz enrichment site, though the deepest underground infrastructure at key nuclear facilities has not been confirmed as a primary target in the current campaign.

U.S. and international officials previously have acknowledged that while strikes can damage enrichment infrastructure, stockpiled enriched uranium stored underground may remain intact and potentially retrievable unless physically secured or removed.

‘You have to go in there with boots on the ground and grab a bunch of equipment,’ Foster said. ‘You have to go underground into those facilities and lose a lot of soldiers’ lives doing that.

‘They’re unwilling to do that, or they’ve decided not to or they’ve decided it’s impossible. In any case, they did not present to us any plan that would actually get the material under control.’

Without securing the nuclear material, he argued, military operations may push Iran closer to a nuclear weapon than diplomatic negotiations would have.

‘The only positive thing about the ayatollah is that he had a fatwa against building nuclear weapons,’ Foster said. ‘Who knows what the next generation of ayatollahs are going to feel? They’re going to be under a lot of pressure from the IRGC, which was not so much against having a nuclear weapon.’

Ayatollah Ali Khamenei, who was killed in the joint U.S.-Israeli operations, had previously issued a fatwa, a religious edict, opposing the pursuit of nuclear weapons. Analysts have long debated how binding or durable that ruling was.

At a White House briefing Wednesday, press secretary Karoline Leavitt said the administration believes Iran ‘wanted to build nuclear weapons to use against Americans and our allies,’ framing the strikes as necessary to prevent Tehran from advancing its nuclear ambitions.

‘The US military has more than enough munitions, ammo, and weapons stockpiles to achieve the goals of Operation Epic Fury laid out by President Trump — and beyond. Nevertheless, President Trump has always been intensely focused on strengthen our Armed Forces and he will continue to call on defense contractors to more speedily build American-made weapons, which are the best in the world,’ she said in a follow up statement to Fox News Digital. 

Missile suppression strategy faces ‘math problem’

Senior administration officials have emphasized that the current phase of the campaign is aimed at dismantling Iran’s ability to project force with missiles, drones and naval assets. 

Defense Secretary Pete Hegseth has highlighted strikes on Iran’s ballistic missile systems, air defenses and naval capabilities, describing the effort as a push to degrade the conventional tools Tehran uses to threaten U.S. forces and regional allies. 

Secretary of State Marco Rubio similarly has said the United States is working to ‘systematically take apart’ Iran’s missile program, so it could not ‘hide behind’ it to develop a nuclear weapon. 

While the broader justification for intervention centered on preventing a nuclear-armed Iran, the most immediate threat facing U.S. troops and partners has been Iran’s ongoing missile and drone launches. Administration officials contend Iran’s missile buildup was meant to create a deterrent buffer, shielding its broader strategic ambitions, including its nuclear program, from outside attack.

Lawmakers emerging from classified briefings said the campaign has become, in part, a question of sustainability.

‘We do not have an unlimited supply,’ Sen. Mark Kelly, D-Ariz., said of U.S. and allied interceptor inventories. He warned the conflict could become a ‘math problem,’ balancing launch volumes against finite air defense munitions and the ability to replenish them without weakening readiness in other theaters.

‘At some point — and we’re probably already in this — this becomes a math problem,’ Kelly added.

He said he pressed defense officials on how interceptor stocks are being replenished and whether diverting munitions to the Middle East could strain U.S. readiness elsewhere.

‘How can we resupply air defense munitions? Where are they going to come from? How does that affect other theaters?’ he said. ‘The math on this currently seems to be an issue.’

Sen. Andy Kim, D-N.J., said he also sought clarity on interceptor inventories but did not receive detailed answers.

‘I am very concerned about that,’ Kim said. ‘I did not get any specificity today. … Something akin to ‘trust us’ is not good enough for me.’

Republicans, however, pushed back on the notion that interceptor supplies are strained. 

Sen. Markwayne Mullin, R-Okla., said officials told lawmakers U.S. forces are ‘in great shape,’ dismissing concerns about shortages.

Ehud Eilam, a former Israeli defense official and national security analyst, said that while a nuclear weapon remains the most serious long-term threat, missile and drone systems pose the most immediate danger if intelligence assessments conclude Iran is not on the verge of assembling a device.

‘As long as it is estimated Iran cannot produce a nuclear weapon soon, then the focus moves to missiles and drones,’ Eilam said, noting that ballistic missiles would ultimately be required to deliver any future nuclear warhead. Suppressing mobile launchers, crews and command networks can reduce Iran’s firing tempo, conserving interceptor supplies while degrading Tehran’s broader military capacity, he said.

The concern is not theoretical. 

During the intense June 2025 Iran–Israel conflict, U.S. forces reportedly fired more than 150 Terminal High Altitude Area Defense interceptors, roughly a quarter of the global inventory, along with large numbers of ship-based Standard Missile interceptors to shield allies. 

Analysts note that replenishing high-end air defense systems such as Patriot, THAAD and SM-3 interceptors could take more than a year under current production rates.

The Pentagon also is balancing competing demands. The same missile defense systems used to protect U.S. bases and Gulf partners are being supplied to Ukraine to defend against Russian cruise missile attacks, creating what some analysts describe as a ‘zero-sum’ competition for inventory between Europe and the Middle East.

‘There is a limit to how many THAAD missiles can be used,’ Eilam said. ‘These are not systems you can reproduce overnight.’

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The partial government shutdown of the Department of Homeland Security could impact how the federal government is able to address potential terror threats in the U.S., a public safety expert said, warning that the escalating conflict with Iran could encourage those wishing to harm Americans.

Jeffrey Halstead, a retired police chief in Fort Worth, Texas, and a former commander for Homeland Security for Phoenix police, told Fox News Digital that U.S. military actions could ‘escalate the mindset of some of these outlying or outlier terrorist entities’ wanting to take action. 

‘We’ve seen historically that any time there is a conflict, especially in the Middle East with escalating tensions, military action and now a declaration of war, there is a significant impact on the ability for us to work collectively to share intelligence and gather information in a timely manner from our federal partners,’ Halstead said. ‘With the current Department of Homeland Security shutdown, if something were to occur here in the United States, there could be some significant delays because FEMA and other very, very critical divisions of the federal government are basically shut down.’

He specifically pointed out the terrorist attack in Austin, Texas, over the weekend, which left 2 people dead and 14 injured. The suspect, Ndiaga Diagne, a 53-year-old naturalized citizen born in Senegal, was also killed.

Authorities said they are investigating the shooting, which took place at a bar at about 2 a.m. on Sunday, as a ‘potential nexus to terrorism’ as Diagne appeared to wear a ‘Property of Allah’ sweatshirt and an undershirt depicting the Iranian flag. A Quran was also later recovered from his vehicle, and an Iranian flag and images of regime leaders were found at his home.

That attack comes after U.S.-Israeli joint military strikes, which began against Iran on Saturday morning, killed the Islamic Republic’s Supreme Leader Ali Khamenei and other leaders, triggering a wider conflict in the Middle East.

Halstead, who is also the director of strategic accounts at Genasys, a communications hardware and software provider that helps communities during emergencies, warned that events in the U.S. later this year, such as World Cup soccer matches and America’s 250th anniversary, could make the U.S. an ‘escalated target’ if the conflict in the Middle East remains active.

He also said anytime there is a government shutdown, there seems to be a ‘pretty significant distraction, both politically and administratively, in every facet of our federal government and the manner in which the government operates.’

‘Sometimes there is reduced staffing in some of these critical agencies, and some of the agencies aren’t being funded at all,’ he said. ‘This will delay and possibly impede some of that critical intelligence, which could be terroristic threat level intelligence, that needs to be in the hands of local police, so that the beat officers, the patrol officers, as well as all the supervisors, understand the latest and greatest threats, including high-profile targets that could be on the radar of some of these active cells in the United States.’

He added that the government shutdown has an impact on the ability to ‘get that intelligence as fast as possible into the hands of those that need it’ and that delays could be ‘very, very catastrophic’ if the information is ignored or not sent.

Halstead noted that he has not seen any evidence that the shooting in Austin is directly tied to the government shutdown.

‘However, when there are military actions overseas, especially in a lot of these high-profile terrorist organizations or terrorist hosting countries, it elevates the mindset for other people to take actions against American citizens and institutions in America,’ he explained. ‘That could be schools and religious sites, and it could be the way that we live our lives with freedom.’

‘When these incidents overseas happen that are terror-related, it does instill in the mindset of some of these lone wolf-style actors to take action,’ he continued. ‘And if you look at [the case in Austin], that is exactly what the FBI has profiled to date, that this was a lone wolf probably acting upon the military action that was taken against Iran, and then wearing a shirt, ‘Property of Allah,’ that speaks to his either religious belief and/or possibility of some terroristic ties.’

In a statement to Fox News Digital, Department of Homeland Security Secretary Kristi Noem said: ‘I am in direct coordination with our federal intelligence and law enforcement partners as we continue to closely monitor and thwart any potential threats to the homeland.’

DHS, President Donald Trump and Republican lawmakers on Capitol Hill continue to place blame on Democrats for the shutdown. After the conflict with Iran began over the weekend, Democratic lawmakers remain unmoved, including those who voted to end the government shutdown in November.

Sen. Tim Kaine, D-Va., argued that DHS still has plenty of money left from Trump’s spending bill signed last year and that Democrats are not going to suddenly abandon their demands for reform. Sen. Angus King, I-Maine, told The Hill that he sees no correlation between the funding negotiations and the ongoing war in Iran.

‘I don’t think there’s any relationship between FEMA and Iran — or the Coast Guard, for that matter,’ King said.

Republicans contend that the conflict makes DHS funding even more necessary, with House Majority Leader Steve Scalise, R-La., writing on X: ‘Following the successful strikes on Iran and the FBI’s warning of elevated threats here at home, it is dangerous for Democrats in Washington to keep the Department of Homeland Security shut down.’

Halstead said the funding fight ‘looks like all the other shutdowns that we’ve seen,’ adding that it ‘becomes one side against the other, and then they will make some strong allegations and statements and then publicly the other side will make retaliation.’

‘This is probably some of the worst infighting I think I’ve seen in almost 40 years,’ he said.

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Copper prices have surged since the middle of 2025, as tariffs, rising demand and supply disruptions came together to create the perfect storm for metals traders.

These factors are helping raise awareness of the challenges copper producers will face in the coming years, as supply deficits are expected to become more pronounced amid aging mines and a lack of new operations.

Colin Hamilton, Teck Resources’ (TSX:TECK.A,TECK.B,NYSE:TECK) vice president of market research and economic analysis, spoke on changing copper market dynamics at the 2026 Prospectors & Developers Association of Canada (PDAC) convention.

In his talk, Hamilton highlighted China’s role as the world’s largest consumer of copper, and the country’s increasing influence on the global copper market.

China’s role in copper markets

There are few parts of the economy that copper doesn’t touch. It’s used in construction, manufacturing, the transmission of electricity and in many high-tech products like mobile phones and electric vehicles.

Copper is a fundamental commodity for the global economy, and demand for it is only going to grow in the coming years on a variety of factors.

The red metal is essential for changing dynamics in the global south, where a greater share of the population is moving to urban centers and upward economic mobility is driving demand for household appliances like air conditioners, refrigerators and washing machines.

Adding to this demand are emerging sectors like the energy transition, where wind and solar require greater copper inputs, as well as AI and the data centers that support it.

Hamilton told the PDAC audience that China, the world’s largest consumer of the red metal, sits at a confluence of demand generation.

The country is often considered the world’s factory for its manufacturing glut, it has a growing middle class, and its tech sector is booming. These factors are also driving significant growth in its electricity grid.

“A decade ago, China was more or less in parallel with the rest of the world,” Hamilton said. “China has surged ahead in terms of that electricity share, and it’s going to continue in a world where artificial intelligence is arguably the next geopolitical battleground.”

He explained that because of its manufacturing base, China’s energy grid has benefited from significant investment, a trend that is set to continue.

“China is planning to increase grid investment by 40 percent over the next five years. This is huge spending that is continuing to come through, and that will be copper-intensive spend,” Hamilton said.

China isn’t the only country that needs to expand its electrical grid. Hamilton also noted that Europe has an energy problem that it is solving, in the short term, by buying Chinese-produced solar technology, adding further copper demand to already constrained Chinese supply.

Smelting supply shortfalls

The biggest issue impacting copper markets and causing increased prices is a lack of supply.

This has led to a shortfall of copper concentrate supply for smelters to refine.

“To keep it in simple terms, we see a situation where smelting demand over 2025 is going to be 600,000 to 650,000 metric tons more than the available concentrate in the custom market,” Hamilton said. “That’s really what sets that raw material constraint. There’s just not enough copper supply to go around.”

The lack of supply in concentrates has pushed treatment and refining charges, which are typically paid by mining companies to smelters, down to zero. Hamilton said these historically low charges outline how acutely tight the market really is. He explained that it’s a trend that won’t moderate in the short term, as supply growth is failing to keep pace with refining capacity.

Hamilton noted that 10 years ago the expectation was that copper supply would be in the 20 million to 30 million metric ton per year range by 2026. In reality, supply is expected to be 23 million metric tons this year, closer to the lower end of the range.

“Not to say projects haven’t come online, but we have seen depletion of existing assets,” he said.

China’s copper supply strategy

In addition to being the leading consumer of copper, China is also leading in adding new supply to the market.

“Who has been successful at growing copper supply is China, not necessarily in the country, but a lot through investments, particularly in the Democratic Republic of the Congo,” Hamilton said.

Those investments have contributed to the DRC adding 2.5 million metric tons of annual supply over the last decade, as well as increases in Peruvian production from the Las Bambas and Toromocho operations, owned by China-based MMG and Chinalco, respectively.

This dominance by China has led the rest of the world to play catch-up. Hamilton pointed to Chile, the world’s top copper producer, noting that Chilean production has been flat for 20 years. While there is growth planned, he said it’s going to take some time and a change in mindset within the industry.

In the long term, Hamilton suggests China will take what is available from the concentrate market; however, he pointed out that fallout from the copper tariffs last year led US traders to buy up significant quantities of copper cathode.

“Now that material is not available for price formation yet,” he said. “It is locked in economically to the US. It will come back to the market at some point. So we have to be aware that is a little bit of an inventory overhang, but I do believe trading houses will slowly bleed this out into the market in a managed form.”

What comes next?

The market needs to adapt to changing times, Hamilton emphasized, in much the way copper smelters have in the face of difficult copper market conditions.

“Smelters have really pulled the levers they can pull as the whole economics of the value chain changes to maintain profitability. That’s good, that’s what we like to see, that healthy change in business model to changing market conditions,” Hamilton said.

Hamilton suggested that there needs to be some evolving perspectives within the industry, in which every part of the value chain works together, and they should be able to make money.

China, he points out, has focused on a commodity-first business model, in which it imports raw materials from wherever they are available and uses its domestic processing capacity to upgrade them.

Although growth in its domestic processing capacity has stalled, he suggested that its funding of processors outside the country is likely to increase.

“China started to dominate the copper exports of (semirefined products) and cable into the world. I do think that’s a trend that will continue, though it does mean there will probably be some trade barriers,” Hamilton said, noting the trend could also extend to finished products.

He went on to say that copper has delivered consistent premiums, spending nearly 50 percent of the time since 2000 in the 90th percentile of the cost curve.

“The industry has just been using the money, the free cash flow, to do dividends and buybacks and servicing debt, but we haven’t actually seen that capital allocation back towards growth,” Hamilton said.

While keeping shareholders happy is important, so too is growth of the business.

“Capital intensity is hugely important. Where companies have got mining projects wrong, in many cases, over the past decade has been blowing out in terms of capital intensity, so you have to look for smart solutions,” he said.

Hamilton noted that the easiest copper resources have already been developed, and the next ones will become increasingly more challenging. With prices reaching record highs, it should unlock some projects.

“At these copper price levels, if you’ve got a shovel-ready project, you can bring it to market pretty quickly. Those big greenfield projects are much harder,” he said.

Using capital efficiently will be critical as companies look to open these new assets. However, Hamilton believes that copper’s solid fundamentals, and new energy sectors, will drive industry growth.

Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

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Here’s a quick recap of the crypto landscape for March 4 as of 9:00 a.m. UTC.

Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin (BTC) was priced at US$70,987.43, up by 6.7 percent over the last 24 hours.

Bitcoin price performance, March 4, 2026.

Chart via TradingView

Ether (ETH) was priced at US$2,064.63, up by 5.8 percent over the last 24 hours.

Altcoin price update

  • XRP (XRP) was priced at US$1.40, up by 4.1 percent over 24 hours.
  • Solana (SOL) was trading at US$89.34, up by 7.4 percent over 24 hours.

Today’s crypto news to know

Trump presses banks as crypto legislation fight intensifies

President Donald Trump accused major banks of trying to undermine the administration’s digital-asset agenda in a recent post on Truth Social.

Trump warned that the GENIUS Act and the broader Digital Asset Market Clarity Act must move forward quickly, arguing delays could push the industry overseas. “The U.S. needs to get Market Structure done, ASAP,” Trump wrote, adding that banks should not “hold The Clarity Act hostage.”

The remarks come as lawmakers continue debating stablecoin rules and whether crypto platforms should be allowed to offer yield on token balances—a provision banks strongly oppose.

Industry advocates echoed the urgency.

‘American leadership in digital assets is a national priority and it remains imperative that the U.S. leads. CCI is focused on ensuring that market structure legislation passes and is enacted as soon as possible. We remain committed to working constructively on a path forward on stablecoin rewards.’

The White House has framed the GENIUS Act as the first major step toward establishing federal rules for stablecoins, while the Clarity Act would define oversight responsibilities across US crypto markets.

US–UK regulators diverge on path toward tokenized finance

Efforts to coordinate digital-asset rules between the US and Britain are facing friction as regulators disagree on how quickly to test blockchain-based securities, Reuters reported.

The two countries formed a transatlantic task force last year to improve crypto cooperation and reduce barriers for firms operating across both markets. While both sides support closer alignment on stablecoins and digital-asset frameworks, officials differ on how tokenized securities should be introduced.

British regulators favor testing the technology through a regulatory sandbox, which would allow companies to trial products under supervision before wider adoption.

Some US officials, however, have raised concerns that the sandbox approach could slow innovation and limit commercial viability. Instead, the US Securities and Exchange Commission (SEC) is reportedly exploring “exemptive relief,” a model that would allow certain projects to proceed with fewer restrictions.

Bitcoin climbs past US$71,000

Bitcoin rallied past $71,000 this week—its highest level in roughly three weeks— a gain of nearly 9 percent over the week.

The surge triggered more than US$430 million in liquidations across crypto derivatives markets, with Bitcoin and Ether positions accounting for roughly two-thirds of the total.

Analysts say the move appears linked to macro instability rather than purely crypto-specific catalysts.

ETF flows have also shown signs of improvement, suggesting some institutional investors are stepping back into the market after weeks of redemptions.

Still, sentiment remains fragile with the Crypto Fear and Greed Index hovering near 10, a level associated with “extreme fear.”

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

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