US carriers spent $6.5B on fuel in April; global profit forecast is cut nearly in half
Read full article: US carriers spent $6.5B on fuel in April; global profit forecast is cut nearly in halfNew government data released Monday shows U.S. airlines spent nearly $6.5 billion on jet fuel in April.
US military says it shot down Iranian missiles, drones launched toward Gulf allies, Strait of Hormuz
Read full article: US military says it shot down Iranian missiles, drones launched toward Gulf allies, Strait of HormuzThe U.S. military says it shot down four Iranian drones that were launched toward the Strait of Hormuz on Friday and then struck some of the Islamic Republicās coastal surveillance radar sites in response.
US jobless aid filings, a proxy for layoffs, hit highest level since Iran war began in February
Read full article: US jobless aid filings, a proxy for layoffs, hit highest level since Iran war began in FebruaryThe number of Americans filing for jobless aid hit their highest level in four months last week, but layoffs remain historically low despite ongoing economic uncertainty brought on by the war in Iran.
Report: Disruption of Mideast energy supplies into next year would slam global economy
Read full article: Report: Disruption of Mideast energy supplies into next year would slam global economyProlonged disruption of energy supplies from the Middle East that lasts into next year would deal a severe blow to the global economy.
Iran fires missiles and US strikes Iran facility after reports of faltering peace talks
Read full article: Iran fires missiles and US strikes Iran facility after reports of faltering peace talksThe U.S. military says Iran fired missiles at Kuwait and Bahrain that failed or were shot down, and that the U.S. launched strikes on an Iranian facility in response.
US bombs Iranian military sites, then downs missiles Tehran fired at troops in Kuwait
Read full article: US bombs Iranian military sites, then downs missiles Tehran fired at troops in KuwaitThe United States says it has bombed radar and drone sites in Iran after Tehran shot down an American drone over the weekend.
Trump ponders whether to move forward with Iran deal but hasn't yet decided
Read full article: Trump ponders whether to move forward with Iran deal but hasn't yet decidedU.S. President Donald Trump met with his advisers for about two hours but has not yet made a decision on whether to move forward with a deal to extend the Iran ceasefire and reopen the Strait of Hormuz.
US and Iranian negotiators reach tentative deal to extend ceasefire and start new nuclear talks
Read full article: US and Iranian negotiators reach tentative deal to extend ceasefire and start new nuclear talksU.S. and Iranian negotiators have reached a tentative agreement to extend the ceasefire by 60 days and start a new round of talks on Iranās nuclear program.
US imposes sanctions on Iranian agency trying to control shipping in the Strait of Hormuz
Read full article: US imposes sanctions on Iranian agency trying to control shipping in the Strait of HormuzThe Trump administration has placed additional sanctions on Iran as part of a sprawling economic pressure campaign during the war, this time targeting the countryās newly created agency that is trying to control shipping through the Strait of Hormuz.
Trump says a deal with Iran and opening of Strait of Hormuz are 'largely negotiated'
Read full article: Trump says a deal with Iran and opening of Strait of Hormuz are 'largely negotiated'President Donald Trump says a deal with Iran, including opening the Strait of Hormuz, has been ālargely negotiated.ā.
Rubio reports 'slight progress' in Iran talks as Pakistan renews efforts to mediate a peace deal
Read full article: Rubio reports 'slight progress' in Iran talks as Pakistan renews efforts to mediate a peace dealU.S. Secretary of State Marco Rubio says āslight progressā has been made during talks with Iran.
US jobless aid filings fell to 209,000 last week as layoffs remain low despite economic uncertainty
Read full article: US jobless aid filings fell to 209,000 last week as layoffs remain low despite economic uncertaintyFewer Americans filed for jobless aid last week as layoffs remain low despite a number of uncertainties that continue to cloud the economy.
US military boards Iranian-flagged oil tanker suspected of trying to breach blockade
Read full article: US military boards Iranian-flagged oil tanker suspected of trying to breach blockadeThe U.S. military says it boarded an Iranian-flagged commercial oil tanker in the Gulf of Oman that was suspected of trying to violate the American blockade.
Trumpās tough-talk foreign policy is hitting a wall with Iran as it grips Strait of Hormuz
Read full article: Trumpās tough-talk foreign policy is hitting a wall with Iran as it grips Strait of HormuzPresident Donald Trump considers himself an effective dealmaker but appears to have hit a wall with Iran.
Iran's top diplomat says a lack of trust is impeding talks to end war with the US
Read full article: Iran's top diplomat says a lack of trust is impeding talks to end war with the USIranās foreign minister says that a lack of trust remains the biggest obstacle in negotiations to end the war with the U.S. Iranian Foreign Minister Abbas Araghchi said contradictory messages from the U.S. have made Iran reluctant about its intentions in the stalled ceasefire negotiations.
Tensions flare near Strait of Hormuz as a ship is seized and another is sunk
Read full article: Tensions flare near Strait of Hormuz as a ship is seized and another is sunkTensions are escalating again near the Strait of Hormuz after a ship anchored off the United Arab Emirates was seized and taken toward Iran and another was attacked and sank near the coast of Oman.
Trump says he'll move to suspend federal gasoline tax. He can't do it on his own
Read full article: Trump says he'll move to suspend federal gasoline tax. He can't do it on his ownPresident Donald Trump is moving to suspend the federal tax on gasoline to help Americans shoulder surging fuel prices caused by the Iran war.
Saudi oil giant Aramco sees 25% jump in Q1 profit after shifting exports from Strait of Hormuz
Read full article: Saudi oil giant Aramco sees 25% jump in Q1 profit after shifting exports from Strait of HormuzAramco, the worldās largest oil company, reported a 25% jump in first-quarter profits amid tight global oil supplies.
Iran responds to US ceasefire proposal but Trump rejects it as 'unacceptable'
Read full article: Iran responds to US ceasefire proposal but Trump rejects it as 'unacceptable'Iran has sent its response to the latest U_S_ ceasefire proposal via Pakistani mediators, but U_S_ President Donald Trump quickly rejected it as āTOTALLY UNACCEPTABLE!ā.
Iran warns the US against attacks on its oil tankers and other ships but ceasefire appears to hold
Read full article: Iran warns the US against attacks on its oil tankers and other ships but ceasefire appears to holdIran's Revolutionary Guard navy has warned of a āheavy assaultā on one of the U.S. bases in the region if Iranian oil tankers or commercial vessels are attacked.
US fires on and disables 2 more Iranian tankers as tensions rise in the Strait of Hormuz
Read full article: US fires on and disables 2 more Iranian tankers as tensions rise in the Strait of HormuzThe U.S. military says its forces fired on and disabled two Iranian oil tankers after exchanging fire with Iranian forces in the Strait of Hormuz overnight.
US military says it intercepted Iranian attacks on 3 Navy ships in Strait of Hormuz
Read full article: US military says it intercepted Iranian attacks on 3 Navy ships in Strait of HormuzThe U_S_ military says that it intercepted Iranian attacks on three U_S_ Navy ships as they transited the Strait of Hormuz and ātargeted Iranian military facilities responsible for attacking U_S_ forces.ā.
Why gasoline costs 52% more in the US than it did before the Iran war
Read full article: Why gasoline costs 52% more in the US than it did before the Iran warThe price of a gallon of regular gasoline in the U.S. has climbed 31 cents in the past week and is now 52% higher than before the Iran war began.
Shipping firms are being whipsawed by changing stances and risks as they wait for Hormuz to reopen
Read full article: Shipping firms are being whipsawed by changing stances and risks as they wait for Hormuz to reopenWith hundreds of vessels still stuck in the Persian Gulf and costs piling up, shipping companies are being whipsawed by uncertainty over how and when the Strait of Hormuz might reopen more than two months into the Iran war.
The Latest: US military fires on Iranian-flagged oil tanker as Trump presses for deal to end war
Read full article: The Latest: US military fires on Iranian-flagged oil tanker as Trump presses for deal to end warA U.S. fighter jet on Wednesday fired on an Iranian oil tanker in the Gulf of Oman as it tried to breach the U.S. blockade of Iranās ports, the U.S. military said.
US fires on Iranian oil tanker as Trump pressures Tehran for deal to end war
Read full article: US fires on Iranian oil tanker as Trump pressures Tehran for deal to end warThe U.S. military fired on an Iranian oil tanker as President Donald Trump sought to pressure Tehran into reaching a deal to end the war.
US, Gulf allies threaten Iran with sanctions in UN proposal if it doesn't release Hormuz chokehold
Read full article: US, Gulf allies threaten Iran with sanctions in UN proposal if it doesn't release Hormuz chokeholdThe United States and its Gulf allies have proposed a U.N. resolution threatening with sanctions or other measures if it doesnāt halt attacks on ships in the Strait of Hormuz, stop imposing āillegal tollsā and disclose the placement of all mines to allow freedom of navigation.
The Latest: US pushes to reopen Strait of Hormuz as Iranian attacks on UAE strain ceasefire
Read full article: The Latest: US pushes to reopen Strait of Hormuz as Iranian attacks on UAE strain ceasefireU.S. forces are guiding commercial ships through the Strait of Hormuz, where hundreds have been stuck since the Iran war began.
US tries to force open the Strait of Hormuz as the UAE comes under attack in a test of Iran truce
Read full article: US tries to force open the Strait of Hormuz as the UAE comes under attack in a test of Iran truceThe U.S. military says it fired on Iranian forces and sank six small boats as it moved to reopen the Strait of Hormuz.
OPEC+ countries agree modest rise in production as Iran retains chokehold on key Strait of Hormuz
Read full article: OPEC+ countries agree modest rise in production as Iran retains chokehold on key Strait of HormuzSeven countries in the OPEC+ grouping of oil-producing countries ā including Saudi Arabia and Russia ā say theyāve decided to a modest increase in production starting in June as part of a commitment to āmarket stability.ā.
Trump says the US will 'guide' stranded ships from the Strait of Hormuz, starting on Monday
Read full article: Trump says the US will 'guide' stranded ships from the Strait of Hormuz, starting on MondayU.S. President Donald Trump has announced āProject Freedomā to help ships leave the Strait of Hormuz, starting on Monday.
US military says it boarded cargo ship suspected of heading to Iran during blockade but released it
Read full article: US military says it boarded cargo ship suspected of heading to Iran during blockade but released itThe U.S. military has boarded another commercial vessel during its blockade of Iranās ports, but unlike in previous cases, the ship was ultimately allowed to carry on its way.
The Latest: Iran wants Strait of Hormuz reopening tied to an end to the war, officials say
Read full article: The Latest: Iran wants Strait of Hormuz reopening tied to an end to the war, officials sayIran has offered to end its chokehold on the Strait of Hormuz without addressing its nuclear program.
Iran's top diplomat briefly returns to Pakistan but Trump says the sides can talk by phone
Read full article: Iran's top diplomat briefly returns to Pakistan but Trump says the sides can talk by phoneIran's foreign minister has briefly visited Islamabad again as Pakistan's leaders work to restart ceasefire talks between Tehran and Washington.
The Latest: Trump sending Witkoff and Kushner to Pakistan for talks with Iran foreign minister
Read full article: The Latest: Trump sending Witkoff and Kushner to Pakistan for talks with Iran foreign ministerU.S. President Donald Trump is sending envoys Steve Witkoff and Jared Kushner to Pakistan on Saturday to continue talks with Iran.
Businesses dole out up to $4 million to cross Panama Canal during Strait of Hormuz chokehold
Read full article: Businesses dole out up to $4 million to cross Panama Canal during Strait of Hormuz chokeholdBusinesses have doled out up to $4 million to cross boats through the Panama Canal to dodge ongoing chaos in the Strait of Hormuz, which has created a seismic shift in global trade flows.
Trump orders US military to 'shoot and kill' Iranian small boats choking Strait of Hormuz
Read full article: Trump orders US military to 'shoot and kill' Iranian small boats choking Strait of HormuzU.S. President Donald Trump says he has ordered the U.S. military to āshoot and killā small Iranian boats that deploy mines to choke traffic through the Strait of Hormuz.
More confusion looms over Strait of Hormuz after Iran attacks three ships near waterway
Read full article: More confusion looms over Strait of Hormuz after Iran attacks three ships near waterwayConfusion is deepening in the Strait of Hormuz after Iran attacked three ships near the crucial waterway that has plunged the world into an energy crisis.
Asian shares are mixed and oil prices little changed as investors watch for US-Iran talks
Read full article: Asian shares are mixed and oil prices little changed as investors watch for US-Iran talksShares are mixed in Asia and oil prices are little changed as markets watch for the latest developments in the war with Iran.
Oil prices rise anew after a US-Iran standoff in the Strait of Hormuz strands tankers
Read full article: Oil prices rise anew after a US-Iran standoff in the Strait of Hormuz strands tankersOil prices are rising in early trading as a standoff between Iran and the U.S. prevented tankers from using the Strait of Hormuz.
The Latest: Iran threatens to respond after US Navy seizes an Iranian-flagged cargo ship
Read full article: The Latest: Iran threatens to respond after US Navy seizes an Iranian-flagged cargo shipPresident Donald Trump says the U.S. seized an Iranian-flagged cargo ship that tried to get around its naval blockade near the Strait of Hormuz.
The Latest: Iran fires on ships in Strait of Hormuz as Tehran imposes restrictions again
Read full article: The Latest: Iran fires on ships in Strait of Hormuz as Tehran imposes restrictions againIran has reversed course on reopening the Strait of Hormuz and fired on a tanker attempting to pass the waterway.
Traffic and trepidation in the Persian Gulf could keep gasoline prices from dropping quickly
Read full article: Traffic and trepidation in the Persian Gulf could keep gasoline prices from dropping quicklyOil prices plunged and the stock market rallied after U.S. President Donald Trump and Iranās foreign minister said that the Strait of Hormuz is fully open.
The Latest: Trump and Iranās top diplomat say the Strait of Hormuz is fully open
Read full article: The Latest: Trump and Iranās top diplomat say the Strait of Hormuz is fully openU.S. President Donald Trump and Iranās foreign minister say the Strait of Hormuz is now fully open to commercial vessels.
Oil prices drop 9% and Wall Street rallies to a record after Iran reopens the Strait of Hormuz
Read full article: Oil prices drop 9% and Wall Street rallies to a record after Iran reopens the Strait of HormuzOil prices dropped back to where they were in the early days of the Iran war, and U.S. stocks raced to another record.
Asian shares are mixed after Wall Street rallies on hopes for talks on ending the US-Iran war
Read full article: Asian shares are mixed after Wall Street rallies on hopes for talks on ending the US-Iran warShares are mixed in Asia, echoing a rally on Wall Street driven by hopes United States and Iran may resume talks to end their war.
Wall Street rallies to the edge of its all-time high as oil prices ease
Read full article: Wall Street rallies to the edge of its all-time high as oil prices easeU.S. stocks rallied to the edge of their all-time high, and crude oil prices eased as hopes climbed that the United States and Iran may try again on talks to end their war.
The Latest: Trump vows to destroy Iranian warships that get near US blockade
Read full article: The Latest: Trump vows to destroy Iranian warships that get near US blockadePresident Donald Trump says the U.S. military has begun a blockade of Iranian ports and coastal areas, and Iran responded with threats on ports in the Persian Gulf and the Gulf of Oman.
US stocks rally and return to where they were before the US-Iran war
Read full article: US stocks rally and return to where they were before the US-Iran warU.S. stocks rallied and recovered the last of their losses caused so far by the U.S.-Iran war, as hope remains on Wall Street that the global economy can still avoid a worst-case scenario.
The Latest: US military says it will blockade Iranian ports after ceasefire talks end
Read full article: The Latest: US military says it will blockade Iranian ports after ceasefire talks endPresident Donald Trump said the U.S. Navy will swiftly begin a blockade of ships entering or leaving the Strait of Hormuz after U.S.-Iran ceasefire talks in Pakistan ended without an agreement.
The Latest: US Vice President JD Vance says talks with Iran ended without an agreement
Read full article: The Latest: US Vice President JD Vance says talks with Iran ended without an agreementU.S. Vice President JD Vance says negotiations between the United States and Iran ended without a peace deal after the Iranians refused to accept American terms to not develop a nuclear weapon.
Beijing calculates its next steps in Iran ceasefire ahead of Trump's trip to China
Read full article: Beijing calculates its next steps in Iran ceasefire ahead of Trump's trip to ChinaWith a fragile ceasefire agreement between the U.S. and Iran holding for now, China is considering its role in helping find a durable endgame to the war in the Middle East.
War in Iran sends inflation soaring and the mood of American consumers plunging
Read full article: War in Iran sends inflation soaring and the mood of American consumers plungingThe largest monthly jump in gas prices in six decades caused a sharp spike in inflation in March, creating major challenges for the inflation-fighters at the Federal Reserve and heightening the political challenges of rising costs for the White House.
Netanyahu authorizes direct talks with Lebanon in potential boost to ceasefire efforts
Read full article: Netanyahu authorizes direct talks with Lebanon in potential boost to ceasefire effortsIsraeli Prime Minister Benjamin Netanyahu says he has authorized direct negotiations with Lebanon aimed at disarming Iranian-backed Hezbollah militants and establishing relations between the neighbors.
Trump complains NATO 'wasn't there when we needed them' after talks with alliance leader Rutte
Read full article: Trump complains NATO 'wasn't there when we needed them' after talks with alliance leader RuttePresident Donald Trump repeated his complaint about NATO after a private meeting with the alliance's Secretary-General Mark Rutte on Wednesday.
Oil plunges below $95 as the Dow surges 1,300 in a worldwide rally following a ceasefire with Iran
Read full article: Oil plunges below $95 as the Dow surges 1,300 in a worldwide rally following a ceasefire with IranOil prices plunged below $95 per barrel, and stock markets surged worldwide after President Donald Trump pulled back from his threat of devastating attacks against Iran.
US and Iran agree to 2-week ceasefire as Trump pulls back on threats
Read full article: US and Iran agree to 2-week ceasefire as Trump pulls back on threatsU.S. President Donald Trump pulls back on his threats to launch devastating strikes on Iran, swerving to deescalate the war less than two hours before the deadline he set for Tehran to capitulate.
How Trump's deadline delays and threats escalated leading up to 2-week ceasefire with Iran
Read full article: How Trump's deadline delays and threats escalated leading up to 2-week ceasefire with IranPresident Donald Trump is suspending his threatened attack against Iran less than two hours before the deadline the president set for Tehran.
Oil prices sink and US stock futures jump as US and Iran agree to 2-week ceasefire
Read full article: Oil prices sink and US stock futures jump as US and Iran agree to 2-week ceasefireOil prices plunged below $100 a barrel and Asia markets and U.S. stock futures jumped after the U.S. and Iran agreed to a two-week ceasefire that includes the reopening of the Strait of Hormuz.
The Latest: Trump threatens to strike Iran's infrastructure if Strait of Hormuz isn't reopened
Read full article: The Latest: Trump threatens to strike Iran's infrastructure if Strait of Hormuz isn't reopenedU.S. President Donald Trump repeated his threat to hit Iranās critical infrastructure hard if the countryās government doesnāt reopen the Strait of Hormuz by his Monday deadline.
Trump gives Iran 48 hours to open Strait of Hormuz as search continues for missing US pilot
Read full article: Trump gives Iran 48 hours to open Strait of Hormuz as search continues for missing US pilotU_S_ President Donald Trump has again warned Tehran over his Monday deadline to open the crucial Strait of Hormuz and allow ship traffic to flow again, and Iran has responded by threatening to open āthe gates of hell.ā.
The Latest: US and Iran race to find missing crew member from downed military plane
Read full article: The Latest: US and Iran race to find missing crew member from downed military planeU.S. President Donald Trump has threatened Iran over his Monday deadline to reopen the crucial Strait of Hormuz so ship traffic can flow again.
UK gathers more than 40 countries to press Iran to reopen the Strait of Hormuz
Read full article: UK gathers more than 40 countries to press Iran to reopen the Strait of HormuzBritain has accused Iran of holding the global economy hostage as diplomats from over 40 countries discuss ways to press Tehran to reopen the Strait of Hormuz.
The Latest: Trump addresses the nation on the US war effort in Iran
Read full article: The Latest: Trump addresses the nation on the US war effort in IranU.S. President Donald Trumpās prime-time address at 9 p.m. EDT offers an update on the progress made toward achieving his goals in the war with Iran, which are to destroy the countryās missile production and Navy, ensure its proxies can no longer destabilize the region and guarantee Iran does not obtain a nuclear weapon.
Seizing Kharg Island would risk US troops' lives and may not end Iran war, experts say
Read full article: Seizing Kharg Island would risk US troops' lives and may not end Iran war, experts sayPresident Donald Trump is threatening to deploy ground troops to seize critical oil infrastructure on Iranās Kharg Island.
Trump threatens to destroy Iran's desalination plants. Hereās what that could mean for the Mideast
Read full article: Trump threatens to destroy Iran's desalination plants. Hereās what that could mean for the MideastU.S. President Donald Trump has threatened to target Iranās energy infrastructure, including its desalination plants.
Gulf allies privately make the case to Trump to keep fighting until Iran is decisively defeated
Read full article: Gulf allies privately make the case to Trump to keep fighting until Iran is decisively defeatedSaudi Arabia, the United Arab Emirates and other Gulf allies of the United States are urging President Donald Trump to keep prosecuting his war against Iran, saying the month of strikes has not weakened Tehran enough.
Zelenskyy visits Gulf Arab states to talk drone defense and seek strategic ties
Read full article: Zelenskyy visits Gulf Arab states to talk drone defense and seek strategic tiesUkrainian President Volodymyr Zelenskyy has made unannounced visits to the United Arab Emirates and Qatar as Kyiv seeks to use its drone expertise to help Gulf Arab states blunt Iranās attacks while the war in the Middle East rages on.
Rubio pushes postwar plan for Strait of Hormuz after meeting G7 allies skeptical about Iran strategy
Read full article: Rubio pushes postwar plan for Strait of Hormuz after meeting G7 allies skeptical about Iran strategyDeep divisions were apparent over the Iran war as top diplomats from the Group of Seven countries have met in France.
The Latest: Trump delays Strait of Hormuz deadline as Wall Street has biggest loss of war
Read full article: The Latest: Trump delays Strait of Hormuz deadline as Wall Street has biggest loss of warPresident Donald Trump has delayed a threatened U.S. strike on Iranās energy infrastructure and extended a deadline for reopening the Strait of Hormuz until April 6.
Middle East conflict drives up fertilizer prices, squeezing farmers across Metro Detroit
Read full article: Middle East conflict drives up fertilizer prices, squeezing farmers across Metro DetroitThe war in the Middle East is pushing up gas prices, but farmers say itās also hitting them during planting season as fertilizer costs rise amid shipping disruptions tied to the Strait of Hormuz.
Iran rejects US ceasefire plan, issues its own demands as strikes land across the Mideast
Read full article: Iran rejects US ceasefire plan, issues its own demands as strikes land across the MideastIran dismissed an American plan to pause the war in the Middle East and launched more attacks on Israel and Gulf Arab countries.
Bahrain's UN proposal calling for 'all necessary means' to open Strait of Hormuz faces opposition
Read full article: Bahrain's UN proposal calling for 'all necessary means' to open Strait of Hormuz faces oppositionA U.N. Security Council resolution calling for countries to use āall necessary meansā to keep the Strait of Hormuz open is facing some opposition for raising the possibility of U.N.-backed military action against Iran.
Trump says US and Iran are talking. His claim is eliciting market cheers and plenty of skepticism
Read full article: Trump says US and Iran are talking. His claim is eliciting market cheers and plenty of skepticismPresident Donald Trump started the fourth week of his war against Iran by offering the world some guarded optimism that the U.S. could soon be winding down its military operations.
Trump's changing course on Strait of Hormuz strategy raises questions about US war preparation
Read full article: Trump's changing course on Strait of Hormuz strategy raises questions about US war preparationPresident Donald Trump is cycling through what seems to be an increasingly desperate list of options as he searches for a solution to the crisis in the Strait of Hormuz.
The Latest: New threats from Trump and Iran heighten risks to energy supplies
Read full article: The Latest: New threats from Trump and Iran heighten risks to energy suppliesPresident Donald Trump has warned that the U.S. will āobliterateā Iranās power plants if it doesnāt fully open the Strait of Hormuz within 48 hours, prompting Tehran to say it would respond to any such strike with attacks on U.S. and Israeli energy and infrastructure assets.