NEW DELHI — Three Indian sailors died in a United States military operation to halt a tanker off Oman as part of Washington’s efforts to blockade Iran-linked shipping, Indian authorities confirmed on Thursday.
WASHINGTON, D.C. — United States President Donald Trump on Wednesday brushed off concerns about consumer inflation surging to a fresh three-year high in May, on the back of soaring energy prices caused by his war on Iran.
Iran fired a barrage of ballistic missiles into Israel on Sunday, and US President Donald Trump publicly ordered the prime minister of Israel “not to retaliate.” Trump also told the Financial Times that Benjamin Netanyahu “won’t have any choice” because the American president calls “all the shots.”
The week the hosts try to untangle on this episode of The Deep Dive reads like a thriller no writers' room would dare pitch: Israeli strikes on Beirut, Iranian missiles aimed at the north, an American Apache downed over the Strait of Hormuz, and a US retaliation that Trump announced on social media before the dust h…
Opec has lowered its oil demand outlook for this year for the second consecutive time, while remaining confident of a “resilient” global economy amid the disruption caused by the US-Iran war.
United States President Donald Trump has said the US will be hitting Iran “very hard tonight”, adding the military will be “taking Kharg Island” and other Iranian “oil infrastructure points in the not too distant future”.
The United States will sanction thirteen individuals and entities that attempted to purchase and transfer weapons systems on behalf of Iran's Islamic Revolutionary Guard Corps (IRGC), State Department spokesperson Tommy Piggot announced in a press statement on Wednesday.
Japanese companies primarily produce chemicals using naphtha, at large complexes like these that line Tokyo Bay in Chiba prefecture. (Photo by Tomoki Mera)
US inflation accelerated to a three-year high in May as soaring energy costs linked to the US-Israeli war on Iran pushed prices higher across the economy, according to government data. Food prices also rose sharply.
US inflation accelerated to a three-year high in May as soaring energy costs linked to the US-Israeli war on Iran pushed prices higher across the economy, according to government data. Food prices also rose sharply.
US Treasury Secretary Bessent announced on X Thursday morning that Washington is moving forward on a plan to compensate America's Gulf regional allies for damage sustained during Iranian counterattacks on their energy and civic infrastructure.
A Brussels court sentenced Belgian-Russian national Victor Labin on Thursday to five years in prison for illegally exporting dual-use goods and chemicals to Russia.
The global economy is this year set to expand at its lowest rate since the Covid-19 pandemic, with nearly zero growth forecast for Gulf nations as a result of the Iran war, the latest World Bank report has found.
Iran has announced that the Strait of Hormuz has been completely closed to all oil tankers and commercial ships in response to recent US strikes on the country, and stated any vessel attempting to pass would be shot at.
Iran will consider all of Elon Musk's companies in the Middle East as military targets as it retaliates against the U.S., Iranian state media outlet Fars reported Thursday.
The US military said on Thursday it had disabled a third oil tanker in the Gulf of Oman overnight, as it “violated the blockade against Iran by attempting to transport Iranian oil”.
The U.S. military will attack Iran "VERY HARD TONIGHT," and will soon take over the country's "oil infrastructure points," President Donald Trump said Thursday morning.
Live on television, President Donald Trump, sitting in the Oval Office, told reporters on Wednesday that the United States has been sneaking millions of barrels of oil out of the Strait of Hormuz despite tensions defying Iran’s restrictions on transit through the waterway.
US equity futures are higher led by tech and small caps, with traders buying the dip in stocks as a swift conclusion to the latest round of US strikes against Iran raised expectations that talks over a peace deal and the reopening of the Strait of Hormuz will get back on track. As of 8:00am ET, S&P futures rise 0.7%…
The European Central Bank announced a quarter-point rate hike on Thursday, bringing its key interest rate to 2.25% as the Iran war continues to blow inflation off target.
British Secretary of Defense John Healey has tendered his resignation to Prime Minister Keir Starmer, in the latest blow to the embattled Labour government. Healey complained in an open letter that Starmer has been “unable, and the Treasury has been unwilling to commit the resources” required for sweeping reforms he…
Overnight, there did not appear to be any new major exchanges of fire after Iran launched retaliatory strikes on US bases in Kuwait, Bahrain and Jordan - following the US bombing of some dozens of targets in Iran earlier, in the wake of the downing of a US Apache attack helicopter in the Hormuz area earlier this week.
The United States and Iran exchanged strikes on Wednesday and Thursday, placing a fragile April ceasefire under its most serious strain yet and drawing several Gulf states directly into the latest round of escalation.
Three Indian sailors have died in a US military operation to halt a tanker off Oman as part of Washington’s efforts to blockade Iran-linked shipping, Indian authorities said on Thursday.
Israeli Prime Minister Benjamin Netanyahu has "certainly gotten some things wrong", US Vice-President JD Vance has said, as ties between the two partners in the war against Iran appear to have become strained in recent weeks.
Gulf leaders have strongly condemned Iranian attacks on Bahrain, Kuwait and Jordan, warning that the assaults threaten regional stability, global trade and energy supplies. The criticism came as tensions intensified following fresh military exchanges involving Iran and the United States.
A ceasefire in the region is once again on the brink of collapse after the US and Iran exchanged fire in the early hours of Thursday, raising fears of a return to full-scale war.
The U.S. has emerged as the top supplier of liquefied natural gas and liquefied petroleum gas to India in May, as shipments from the Gulf countries fell due to traffic disruptions in the Strait of Hormuz.
Iran's total blockade of the Strait of Hormuz. announced late on Wednesday. throws into jeopardy a quiet and orchestrated exodus known only by a few shipping insiders.
An Iranian cargo barge was hit by a US projectile in the Gulf of Oman early on Thursday, the Iranian governor of Sirik county said, according to Mehr news agency.
Perhaps it took the shooting of a seven-month-old Palestinian baby in the West Bank last Friday to rouse the anger once again. Little Sam Fahd Abu Haikal was in a car near Hebron with his parents, brother and grandmother when Israeli troops ordered them to stop. Despite complying, one soldier fired shots at the vehi…
The Trump administration is preparing to deport nearly two dozen people to the Central African Republic on Thursday, including at least two Iranian women who had sought refuge in the United States, according to lawyers and a government official.
Efforts to reach a preliminary deal between Iran and the US have intensified despite strikes exchanged by both sides, as they discuss a mechanism for releasing frozen Iranian funds, three Iranian sources and a European official told Reuters.