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Oil prices rose Friday after U.S. President Donald Trump said China has agreed to purchase oil from America, following talks with Chinese leader Xi Jinping.
SEOUL, May 15 (Yonhap) -- South Korean stocks fell more than 3 percent late Friday morning, after briefly topping the landmark 8,000-point level, as investors cashed in gains amid woes over the U.S.-Israeli war against Iran.
The war in Iran has provided new impetus to the low-carbon transition as renewable energy is seen as less vulnerable to future price shocks, according to a group of corporate bosses and senior bankers.
India is pushing for the use of more biofuels in transportation in order to slash dependence on imported fossil fuels, which have been disrupted by the Iran war.
Stories driving the day in Brussels and beyond.
COPENHAGEN — Former U.S. National Security Adviser John Bolton has been at loggerheads with Donald Trump, but agrees with his old boss on at least one thing: Europe should get involved in Iran.
U.S. President Donald Trump said China has agreed to buy American oil, in a pre-recorded interview with Fox News that aired Thursday evening stateside, as the two nations push for concrete trade and business wins at their ongoing bilateral summit.
WASHINGTON, D.C.— The United States on Thursday sought to extend a shaky ceasefire between Israel and Lebanon as President Donald Trump voiced optimism at China's efforts on Iran.
El presidente Donald Trump participa en una ceremonia de bienvenida con su homólogo chino, Xi Jinping, en el Gran Salón del Pueblo, el jueves 14 de mayo de 2026, en Beijing. (AP Foto/Mark Schiefelbein)
Fri 15 May 2026 at 10:33am
(6th LD) U.S., China agree Iran can never have nuke, Strait of Hormuz must remain open: White House
Property News: Suburbs where house values rose most in the past 12 months.
The US House of Representatives narrowly defeated a Democratic-led resolution aiming to stop the Iran war until hostilities are authorized by Congress, but the effort to rein in US President Donald Trump's military campaign failed by the closest possible margin.
(6th LD) U.S., China agree Iran can never have nuke, Strait of Hormuz must remain open: White House
Chinese President Xi Jinping and U.S. President Donald Trump each proposed a toast during a state dinner at the Great Hall of the People in Beijing.
That’s what US regulators are telling On The Money when asked about the notable lack of enforcement cases filed over suspicious trades in the futures and prediction markets surrounding big news events in the Iran war and elsewhere.
Fuerzas de seguridad y personal de emergencia se congregan alrededor de un vehículo en llamas debido a un ataque aéreo israelí, mientras un hombre intenta apagar el fuego, el miércoles 13 de mayo de 2026, en la ciudad costera de Jiyeh, al sur de Beirut, Líbano. (AP Foto/Mustafa Jamalddine)
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Why is it so difficult to understand just how dangerous Iran would be if it had a nuclear weapon (“Dropping ‘A’ bomb,” May 14)?
The FBI announced Thursday it is offering a $200,000 reward for information leading to the apprehension and prosecution of Monica Witt, a former U.S. service member and counterintelligence agent who was indicted by a federal grand jury in the District of Columbia in February 2019 on charges of espionage, including t…
Trump Says He Does Not Think About Economic Hardships Linked to Iran War1:49
US President Donald Trump said Chinese President Xi Jinping had promised him that China would not send military aid to Iran. The leaders held talks in Beijing on Thursday, marking the first visit by a US president to China since 2017.
US President Donald Trump has said Chinese President Xi Jinping promised him that China will not send military aid to Iran. The leaders held talks in Beijing on Thursday, marking the first visit by a US president to China since 2017.
Fri 15 May 2026 at 8:27am
Iran is allowing some vessels to pass through the Strait of Hormuz on Thursday following talks with Beijing ahead of President Trump’s meeting with Chinese leader Xi Jinping.
The Iranian government said on Thursday that its foreign minister met with India’s national security advisor during the Brics meeting in New Delhi and discussed bilateral ties and “regional developments”.
Chinese President Xi Jinping speaks at the state banquet for U.S. President Donald Trump at the Great Hall of the People in Beijing. © Reuters
Chinese President Xi Jinping opposes Iran charging a toll in the Strait of Hormuz and is considering buying more oil from the US to replace lost volume from the Gulf, the White House said on Thursday, following a meeting between President Donald Trump and Xi.
WASHINGTON — The US decimated Iran’s navy for a “full generation,” while retaining “all the munitions necessary” to restart the war, Adm. Brad Cooper, CENTCOM commander, told lawmakers Thursday.
The head of US Central Command said it would take a "generation" for the Iranian navy to be rebuilt to its former strength, and said Jordan had been indispensable during the conflict.
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The yen has steadily weakened amid growing expectations that the U.S. Federal Reserve will hold off on interest rate cuts this year. (Photo by Yoshikazu Imahori)
Good morning, and welcome to our rolling coverage of major world events this Friday, May 15.
JERUSALEM — Prime Minister Benjamin Netanyahu said that Israel, together with the United States, had dealt the "heaviest blow" Iran's leadership had ever seen, as Israel began observing its annual Holocaust Remembrance Day.
NEW YORK — Shoppers tempered their spending in April as higher gas prices fueled by the Iran war meant less money left over for some nonessentials like clothing and furniture. But they're still buying, thanks to more generous government tax refunds.
The Gulf states were victims of Iranian attacks during the war that began with US and Israeli airstrikes on Iran on February 28. Iran lashed out, attacking a dozen countries in the region.
An Iranian father who protested the regime was executed after the state canceled his final visit with his family — only to tell them over the phone afterwards that they already killed him, his grieving relatives said.
The International Monetary Fund (IMF) warned on Thursday that continued disruptions related to the war in the Middle East risk an “unfavourable” global economic situation.
AMMAN, Jordan — Yemen's internationally recognized government and the Iran-backed Houthi rebels on Thursday reached a deal to free over 1,600 detainees in the largest swap during Yemen's 11-year civil war.
Are regional Gulf countries seeking to forge there own separate peace deals with Iran, apart from the United States? That's what fresh Thursday reporting in the Financial Times suggests.
Iran’s Foreign Minister Abbas Araghchi has called on fellow BRICS nations to condemn what he called violations of international law by the United States and Israel, as the war in the Middle East and the related fuel crisis dominate the two-day gathering in the Indian capital, New Delhi.
DUBAI, United Arab Emirates — A ship anchored off the United Arab Emirates was seized and taken toward Iran and another — a cargo ship near Oman — sank after being attacked, authorities said Thursday, as tensions escalated near the Strait of Hormuz.
Saudi Arabia has floated a non-aggression pact between Iran and Middle Eastern states based on a 1970s agreement that eased tensions in Europe during the Cold War, The Financial Times reported on Thursday.
Iranian Foreign Minister Abbas Araghchi accused the United Arab Emirates of being an “active partner” in the US-Israeli “aggression” against Iran in a Telegram post on Thursday.
Saudi Arabia is reportedly floating the idea of a non-aggression agreement between Middle East states and Iran as part of discussions on how to manage regional conflict, according to the Financial Times, citing two western diplomatic sources.
Iran's ability to threaten its neighbors and US interests has been dramatically reduced by US bombings, and Tehran's defense industry has been set back by 90%, a senior US admiral said on Thursday.
China's Xi Jinping has warned US President Donald Trump that their two countries could clash over Taiwan if the issue is not handled properly, an unusually harsh admonition that stood in contrast to the American leader's praise for his counterpart.The exchange at a highly anticipated summit in Beijing on Thursday un…
Chinese strongman Xi Jinping said he “would love to be a help” in the conflict between the US and Iran, according to President Trump.
Sheikh Abdullah bin Zayed, Deputy Prime Minister and Minister of Foreign Affairs, has met the UK's Deputy Prime Minister David Lammy in London.
Iran’s Foreign Minister Abbas Araghchi responded to renewed US and Israeli threats on Iran, stating that all countries must seek solutions outside of military force, in comments made to Iranian media on Thursday.