Trump Cancels Holiday, Iran War Imminent; Walmart Reports Gas Rationing
Negotiations regarding Iran's nuclear program have collapsed, as stated by Esmaeil Baghaei, the spokesperson for Iran's foreign ministry, on May 22, 2026. He noted that the existing differences are too significant for a swift resolution. Iran maintains that enriched uranium must stay within its borders and will not relinquish control over the Strait of Hormuz. In light of government developments, President Donald Trump canceled his planned weekend visit to Trump National Golf Club and his son's wedding, while the US gears up for potential military action over Memorial Day weekend, according to CBS, which indicated that preparations are underway but no final decisions have been made. Additionally, Iran has closed its airspace and significant GPS jamming has been reported in the area. Meanwhile, Walmart revealed that consumers are limiting their gas purchases, with operating income at $7.5 billion, falling short of expectations.
Key facts
- US-Iran negotiations have failed over enriched uranium and Strait of Hormuz control.
- Iran's foreign ministry spokesman Esmaeil Baghaei said differences are too deep for quick deal on May 22, 2026.
- Trump canceled weekend trip and son's wedding, citing government circumstances.
- CBS reported US preparing fresh Iran strikes over Memorial Day weekend.
- Qatari delegation instructed to leave Iran; Iran shut down airspace.
- Massive GPS jamming detected across Iran, Iraq, Kuwait, UAE, Persian Gulf.
- American fighter jets and tankers spotted over Baghdad.
- IRGC's 'third struggle' plan threatens to close Bab el-Mandeb and disable internet cables.
- US Navy admits it cannot effectively escort ships through Strait of Hormuz.
- Walmart reports consumers buying less than 10 gallons per visit, first time since 2022.
- Walmart CFO John David Rainey cites stress; operating income $7.5bn, missing estimates.
- University of Michigan Consumer Sentiment revised to 44.8, all-time low.
Entities
Institutions
- Walmart
- CBS
- University of Michigan
- Financial Times
- IRGC
- US Navy
- Trump National Golf Club
- White House
Locations
- Iran
- United States
- Strait of Hormuz
- Bab el-Mandeb
- Persian Gulf
- Iraq
- Kuwait
- UAE
- Baghdad
- Qatar
- Oman
- Cuba
- Israel
- Russia
- Ukraine