US gas prices back up to an average of $4 a gallon again as the US and Iran launch attacks
Read full article: US gas prices back up to an average of $4 a gallon again as the US and Iran launch attacksU.S. gas prices have jumped to an average of $4 a gallon again as the U.S. and Iran launch more attacks.
US launches more airstrikes against Iran after announcing another death of a service member
Read full article: US launches more airstrikes against Iran after announcing another death of a service memberThe United States has announced another death of a service member as it launches more airstrikes at Iran.
US military launches new airstrikes to 'swiftly punish' Iran for deaths of US troops
Read full article: US military launches new airstrikes to 'swiftly punish' Iran for deaths of US troopsThe U.S. military says it has carried out new airstrikes against Iran to āswiftly punishā the countryās Revolutionary Guard for an attack in Jordan that killed two American service members, left one more missing and four requiring hospitalization.
US oil firms sign deals with Iraq to develop alternative shipping routes
Read full article: US oil firms sign deals with Iraq to develop alternative shipping routesU.S. companies have signed roughly $60 billion in agreements and partnerships with the Iraqi government, including deals intended to create alternative routes for shipping oil out of the Persian Gulf.
US producer prices drop 0.3% from May to June on lower energy prices, but outlook is cloudy
Read full article: US producer prices drop 0.3% from May to June on lower energy prices, but outlook is cloudyU.S. wholesale inflation fell from May to June on plunging energy prices but intensifying hostilities with Iran are clouding the outlook.
Inflation cools more than expected in June as gas costs fall, underlying prices ease
Read full article: Inflation cools more than expected in June as gas costs fall, underlying prices easeU.S. inflation cooled last month as the cost of gas, clothes, and used cars fell, providing some relief to consumers, while underlying price pressures also slowed more than expected.
Oil prices jump following the latest fighting in the Middle East, while AI stocks sink
Read full article: Oil prices jump following the latest fighting in the Middle East, while AI stocks sinkOil prices jumped following a weekend of attacks in the Middle East, while slumping AI stocks weighed on stock markets.
US attacks Iran and Tehran retaliates across the Middle East as both vie for control of strait
Read full article: US attacks Iran and Tehran retaliates across the Middle East as both vie for control of straitThe U.S. has launched more strikes on Iran after President Donald Trump said Washington is āreinstatingā a blockade on Iran in the Strait of Hormuz.
The US launches more strikes on Iran as the standoff over the Strait of Hormuz escalates
Read full article: The US launches more strikes on Iran as the standoff over the Strait of Hormuz escalatesThe U.S. military has launched several waves of strikes on Iran over Tehran's attack on a container ship in the Strait of Hormuz that set it ablaze and left a crew member missing earlier in the weekend.
US demands Iran publicly state that Strait of Hormuz is open and Tehran won't attack ships anymore
Read full article: US demands Iran publicly state that Strait of Hormuz is open and Tehran won't attack ships anymoreThe U.S. is demanding that Iran make a public statement saying the Strait of Hormuz is open and that ships crossing the vital corridor wonāt be attacked anymore.
IMF expects world economy to grow a sluggish 3% this year, weighed down by Iran war but helped by AI
Read full article: IMF expects world economy to grow a sluggish 3% this year, weighed down by Iran war but helped by AIThe International Monetary Fund on Wednesday modestly downgraded its outlook for the world economy this year, citing the energy shock caused by the Iran war.
US launches new strikes on Iran, revokes oil sales permit after 3 ships attacked in Strait of Hormuz
Read full article: US launches new strikes on Iran, revokes oil sales permit after 3 ships attacked in Strait of HormuzThe U.S. military has attacked Iran after it said Tehran struck three ships in the Strait of Hormuz.
Iran warns oil tankers to use approved routes in Strait of Hormuz or face a 'forceful response'
Read full article: Iran warns oil tankers to use approved routes in Strait of Hormuz or face a 'forceful response'Iranās joint military command has warned that all oil tankers moving through the Strait of Hormuz must use its approved routes or face a āforceful response.ā.
US and Iran pause strikes but disagree over next steps on talks
Read full article: US and Iran pause strikes but disagree over next steps on talksThe United States and Iran have separately announced they are sending delegations to Qatar this week, though Tehran insists it has not agreed to meet with the U_S_ āat any level.ā.
US airstrikes again hit Iran as Tehran strikes Bahrain and Kuwait, further imperiling interim deal
Read full article: US airstrikes again hit Iran as Tehran strikes Bahrain and Kuwait, further imperiling interim dealThe U.S. military has launched a second round of airstrikes targeting Iran at President Donald Trumpās direction.
US strikes Iran in response to a drone attack on a ship
Read full article: US strikes Iran in response to a drone attack on a shipThe U.S. has struck Iran to respond to a drone attack a day earlier on a cargo ship in the Strait of Hormuz, a provocation that President Donald Trump said violated the ceasefire.
Vance says talks with Iranian officials set 'good foundation' for a deal to end the war
Read full article: Vance says talks with Iranian officials set 'good foundation' for a deal to end the warVice President JD Vance says his lengthy talks with senior Iranian officials in Switzerland created a good foundation for a final deal to end the Iran war.
Stranded ships have begun transiting the Strait of Hormuz, maritime data company says
Read full article: Stranded ships have begun transiting the Strait of Hormuz, maritime data company saysMaritime data company Lloydās List Intelligence says major shipowners have begun moving vessels through the Strait of Hormuz.
Stocks rise on Wall Street, erasing much of their loss from a day earlier
Read full article: Stocks rise on Wall Street, erasing much of their loss from a day earlierStocks closed higher on Wall Street, taking back most of their losses from a day earlier that were driven by anticipation that the Federal Reserve will likely raise interest rates this year in an effort to fight inflation.
G7 leaders back Trump's deal to end Iran war as more details of it emerge
Read full article: G7 leaders back Trump's deal to end Iran war as more details of it emergeLeaders at the Group of Seven summit have backed U.S. President Donald Trump's tentative agreement with Iran to open the Strait of Hormuz and extend a ceasefire.
White House talking points claim victories in initial Iran deal but often don't meet reality
Read full article: White House talking points claim victories in initial Iran deal but often don't meet realityThe White House has informed supporters that President Donald Trump has accomplished his goals in the war with Iran despite the details of an initial agreement remaining unclear.
Even with a deal to reopen the Strait of Hormuz, it could take weeks or months for oil to fully flow
Read full article: Even with a deal to reopen the Strait of Hormuz, it could take weeks or months for oil to fully flowThe tentative agreement to end the war in Iran and reopen the Strait of Hormuz would be good news for the global economy.
Initial deal to end US-Iran war moves toward formal signing despite lingering questions
Read full article: Initial deal to end US-Iran war moves toward formal signing despite lingering questionsAn initial agreement between the United States and Iran to extend their shaky ceasefire is inching toward a formal signing.
US and Iran have agreed to wording of a deal to end their war, Pakistan's prime minister says
Read full article: US and Iran have agreed to wording of a deal to end their war, Pakistan's prime minister saysPakistan's prime minister says the United State and Iran have agreed to wording of an agreement aimed at ending their war in the Middle East.
Trump calls off latest threats to strike Iran, citing a breakthrough in talks to end the war
Read full article: Trump calls off latest threats to strike Iran, citing a breakthrough in talks to end the warU.S. President Donald Trump has called off new military strikes on Iran, hours after threatening to escalate the war.
US launches new strikes on Iran, which fires back at Gulf states and Jordan
Read full article: US launches new strikes on Iran, which fires back at Gulf states and JordanThe United States launched a second round of airstrikes on Iran and Iran has fired back at Gulf States after President Donald Trump warned that Tehran would āpay the priceā for stalled negotiations.
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.
Heads up Houston: Top oil execs predict gas prices to spike again
Read full article: Heads up Houston: Top oil execs predict gas prices to spike againHouston faces a potential spike in gas prices as oil executives warn of disruptions from the Iran conflict impacting global oil supply routes. With tanker deliveries down and U.S. emergency reserves near historic lows, experts predict consumers could soon feel pain at the pump.
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 meets with aides to determine whether to move forward with Iran deal
Read full article: Trump meets with aides to determine whether to move forward with Iran dealU.S. President Donald Trump has held a White House Situation Room meeting with his advisers as he ponders moving 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.
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.
What soaring gas prices mean for Texas and how long it could take for costs to come down
Read full article: What soaring gas prices mean for Texas and how long it could take for costs to come downHereās what you should know about the market forces at play and what higher prices mean for oil companies and the state.
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.
US filings for jobless benefits hits 211,000 as the war in Iran drags on, clouding economic forecast
Read full article: US filings for jobless benefits hits 211,000 as the war in Iran drags on, clouding economic forecastThe number of Americans filing for jobless aid rose last week but remains historically low despite the economic uncertainty caused by the war in Iran.
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.
The US fights to reopen the Strait of Hormuz as the UAE comes under attack in a test of Iran truce
Read full article: The US fights to reopen 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.
Bank of England sits tight on interest rates like US and Japan as Iran war upends the global economy
Read full article: Bank of England sits tight on interest rates like US and Japan as Iran war upends the global economyThe Bank of England is keeping its main interest rate on hold at 3.75% as policymakers assess the economic impact of the Iran war and Tehranās effective closure of the Strait of Hormuz, through which a fifth of the worldās crude passes.
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.
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.
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.