The Federal Reserve raised interest rates on Wednesday in an effort to battle back a monthslong surge of inflation set off by the Iran war. […]
Tag: Strait of Hormuz
Iran reside updates: Oil costs rise after strikes in Saudi Arabia, Strait of Hormuz
President Donald Trump on Sunday said global diesel shortages are not a result of the ongoing conflict in the Middle East, instead blaming Ukrainian strikes […]
An Iranian business ship is struck close to Strait of Hormuz with 1 lifeless, Iranian media say
CAIRO — An Iranian commercial vessel was struck early Sunday off Qeshm Island in the Strait of Hormuz, with one person killed and four wounded, […]
Iran dwell updates: Tehran plans new ‘restricted zone’ outdoors Strait of Hormuz
Mohsen Rezaei, the secretary of Iran’s Supreme National Security Council, said on Sunday that a restricted zone will be announced in the coming days “outside” […]
Vitality Secretary says ‘there will not be’ a nuclear settlement with Iran
Energy Secretary Chris Wright said Sunday that a nuclear agreement with Iran, long sought by President Donald Trump, may not come to fruition after months […]
Iran claims strike on US ship in Strait of Hormuz as preventing escalates
CAIRO — Iran said Sunday it struck an unmanned U.S. vessel trying to enter the Strait of Hormuz, the latest salvo in a new flare-up […]
Bessent says G20 nations must also use tariffs to guard their industries from low-cost imports
ASHEVILLE, N.C. — Treasury Secretary Scott Bessent says he’s urging some of his G20 counterparts to take a page from the Trump administration’s playbook of […]
Iran dwell updates: CENTCOM says focused Iranian forces posed ‘imminent menace’
United States forces on Sunday struck two Iranian rocket launch sites on Larak Island, according to a U.S. official. IRGC forces were observed to be […]
US plans to sanction one other financial institution in effort to clamp down on Iran transactions, AP
ASHEVILLE, N.C. — President Donald Trump’s administration plans to impose sanctions on another bank this week as it intensified efforts to economically isolate Iran, U.S. […]
USS Abraham Lincoln heads to Thailand for transient cease after prolonged deployment at sea
BANGKOK — The U.S. aircraft carrier USS Abraham Lincoln will make a stop in Thailand after its grueling deployment in the Middle East, Thai officials […]
