WSJ What’s News
WSJ What’s News

Pentagon Says Iran Attacks Don’t Rise to Level of Restarting War

May 5, 2026

AI Summary

5 min read

The Wall Street Journal's What's News PM edition covers escalating tensions in the Middle East, China's regulatory defiance against US sanctions, and a range of US business and policy developments, with the Pentagon signaling restraint amid Iran's attacks on Gulf targets.

Iran Escalates Attacks Amid US Restraint

Iran has intensified its military actions this week, launching missiles and drones at the United Arab Emirates alongside attacks on commercial ships and American warships. Defense Secretary Mark Esper stated during a press conference that President Trump will decide on any escalation violating the ceasefire, urging Iran to act prudently. WSJ Chief Foreign Affairs correspondent Yaroslav Trofimov explained that Iran interprets the US response as a rush to exit the conflict, with Washington willing to overlook Iran's attacks on other nations. This perception alarms US allies in the Gulf, who view the Trump administration as transactional—committed to treaty allies in Europe and Asia only if there's clear US benefit. One Gulf official described it as the US "throwing the Gulf under the bus," reinforcing fears that Trump prioritizes perceived self-interest over consistent support.

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What you'll learn

  • 1 (00:27) **Iran Attacks and US Restraint** - Pentagon downplays Iranian missile/drone strikes on UAE, ships, and US warships as not violating ceasefire
  • 2 (02:26) **Gulf Allies' Fears** - US response alarms UAE and others, seen as abandoning partners
  • 3 (03:26) **China Defies US Iran Oil Sanctions** - Beijing orders firms to ignore sanctions on refineries buying Iranian crude, threatens domestic lawsuits
  • 4 (04:28) **China's Broader Anti-US Moves** - Bans Meta's AI startup acquisition outright; uses regulatory tools aggressively
  • 5 (06:05) **Stock Market Gains** - Nasdaq and S&P hit records; Nasdaq up 1%
  • 6 (06:28) **Airline Sector Updates** - Frontier projects 3-5% revenue boost per seat from Spirit's collapse
  • 7 (07:13) **UnitedHealth Eases Prior Authorizations** - Drops requirements for outpatient surgeries, echocardiograms to cut doctor paperwork delays

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Show Notes

P.M. Edition for May 5. After Iran’s most recent attacks on the United Arab Emirates, the Trump administration is looking the other way. WSJ chief foreign-affairs correspondent Yaroslav Trofimov explains why the U.S. response is worrying its allies. Plus, China is pushing back against U.S. sanctions on Iranian oil. We hear from Journal chief China correspondent Lingling Wei, who writes the WSJ China newsletter, about why China is cracking down. And we’re exclusively reporting that President Trump is pressuring FDA Commissioner Marty Makary to to approve flavored vapes. Alex Ossola hosts.


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