U.S. officials say that a service member missing after Iran shot down a fighter jet has been rescued.
Two U.S. officials spoke on condition of anonymity ahead of an official announcement. Trump later posted on Truth Social:
"[One] of our incredible Crew Member Officers, who also happens to be a highly respected Colonel, and who I am thrilled to let you know is now SAFE and SOUND! ... He sustained injuries, but he will be just fine. This miraculous Search and Rescue Operation comes in addition to a successful rescue of another brave Pilot, yesterday, which we did not confirm, because we did not want to jeopardize our second rescue operation."
It comes after a frantic search-and-rescue operation. The crew member had been missing since Friday, when Iran downed a U.S. F-15E Strike Eagle. A second crew member had been rescued earlier.
Senegal limits foreign trips for officials as the fallout from Iran war deepens
The country banned all but essential foreign trips for government ministers as part of cost-saving measures triggered by the energy crisis linked to the war.
Senegal, like many African countries, imports most of the petroleum products it consumes. That leaves its economy vulnerable to supply disruptions such as the chokehold on shipping in the Strait of Hormuz, which has sent the price of crude soaring.
Prime Minister Ousmane Sonko said his office is taking steps to limit public expenditure, pointing out that initial budget forecasts were based on an oil price of $62 per barrel. It is now almost double that.
“I have taken a number of drastic measures to restrict everything related to government spending, including the cancellation of all nonessential missions abroad,” the government-owned newspaper Le Soleil quoted Sonko as saying.
He added that he canceled several trips, including to Niger, Spain and France.
Housing market trends favor home shoppers, but Iran war clouds the outlook for mortgage rates
The economic fallout from the war is driving up the cost of buying a home, even as other housing market trends in many parts of the country favor home shoppers this spring.
Mortgage rates have been rising since the war began, as surging energy prices heighten worries about higher inflation, pushing up the yield on U.S. 10-year Treasury bonds, which lenders use as a guide to pricing home loans.
As recently as the last week of February, the average rate on a 30-year mortgage dropped to just under 6%, its lowest level in more than three and a half years. It climbed this week to 6.46%, its highest level in nearly seven months.
“The war in Iran has seriously complicated the spring buying season,” said Joel Berner, senior economist at Realtor.com. “I expect that many buyers will be put off by rising rates and mounting economic uncertainty, choosing to bide their time rather than jumping on board for a purchase before rates go up.”
