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The US military has launched a wave of strikes on Iranian targets near the Strait of Hormuz, as Tehran accused Washington of violating the ceasefire and retaliated against American warships in the area.
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Democrats in the United States Senate have raised questions about the US military’s potential role in establishing vast “evacuation zones” in Lebanon, Gaza and Iran.
WASHINGTON – The war in Iran looms large over President Trump’s trip to China next week as the US seeks Chinese President Xi Jinping’s help in lowering gas prices but may have to concede ground in the technology war in return.
Iran can withstand the US naval blockade against it for three or four more months before facing severe economic hardship, the CIA told the Trump administration this week, according to a report by The Washington Post on Thursday.
As the war in the Middle East intensifies, the world is bracing for a looming energy crisis. Oil and gas prices are rising rapidly as the Strait of Hormuz — the main artery of global energy flows — faces disruptions involving both the US and Iran.
The explosions heard near Bandar Abbas and the Strait of Hormuz on Thursday night may have been caused by hostile action from the UAE, the Islamic Revolutionary Guard Corps (IRGC)-affiliated Tasnim media outlet reported.
The United States has imposed a host of new sanctions related to Cuba, amid a months-long pressure campaign against the island nation.
Airbnb reported mixed first-quarter results after the bell on Thursday and warned of regional weakness spurred by the war in Iran.
Hello and welcome to our live rolling coverage of the war in Iran, this Friday, May 8.
A drone view shows cargo ships sailing in Hong Kong on Oct. 17, 2025. © Reuters
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Iran is "currently reviewing" messages from the U.S. that it received via Pakistani mediators, but it has yet to reach a conclusion or deliver a reply, an Iranian official said Thursday, state media outlets reported.
What happens to flights if the world runs out of oil? Well, obviously they will be grounded. To be more specific, is it possible, if the war in Iran does not resolve and the strait of Hormuz remains blocked, that airlines will simply run out of aviation fuel?
Gulf states are pushing a United Nations Security Council resolution that threatens Iran with sanctions and other measures if it does not halt attacks on ships in the Strait of Hormuz, stop imposing “illegal tolls”, and disclose the location of all mines to allow freedom of navigation.
Iran’s president claimed Thursday that he recently met with Supreme Leader Mojtaba Khamenei, who is believed to be disfigured and still has yet to appear in public.
The oil market faces a shortage of nearly one billion barrels that will only get worse every day the conflict in the Middle East drags on, Shell CEO Wael Sawan told investors Thursday.
Iran’s foreign ministry spokesperson says the country’s supreme leader, Mojtaba Khamenei, is directing key national decisions and that no action proceeds without his approval.
Israeli Education Minister Yoav Kisch has threatened to advance legislation imposing financial sanctions on educational institutions unless they commit to keeping politics out of academia, he confirmed on Tuesday.
Iran can economically survive the US naval blockade on the Strait of Hormuz for at least three to four more months, four people familiar with a confidential CIA analysis told The Washington Post on Thursday.
The US on Thursday urged countries to support its United Nations resolution demanding Iran halt attacks and mining of the Strait of Hormuz, but diplomats said China and Russia are likely to veto it.
Inflation is likely to hit 5 per cent by the middle of the year and could soar to 7 per cent by Christmas if the war against Iran pushes oil to $US200 a barrel, with Jim Chalmers’ fifth budget to confirm Australians will face ongoing price pressures.
Corporate America is celebrating one of its strongest earnings seasons of the century — but analysts warned of possible storm clouds ahead as energy prices surge and consumer sentiment tanks because of the Iran war.
Whirlpool’s shares plunged more than 20% after the company said consumer confidence has fallen to “recession level lows” because of the Iran war, tanking demand for its big appliances.
Beirut, Lebanon – Israel’s attacks on Lebanon and pressure on the Lebanese government to disarm the pro-Iran Shia movement Hezbollah by force are stoking internal tensions, analysts have told Al Jazeera.
Marco Rubio revealed sanctions on Thursday, escalating Trump administration’s pressure campaign against Havana’s military-controlled economy
Marco Rubio revealed sanctions on Thursday, escalating Trump administration’s pressure campaign against Havana’s military-controlled economy
Germany's finance minister has blamed Donald Trump's "irresponsible war in Iran" for a big drop in his country's expected tax revenues.
Latest briefings float hope of basic deal that would keep peace and free shipping while further negotiations continue
Yesterday, Deutsche Bank's head of thematic research published his latest chartbook, "The Great 2026 Reset," which delves into the market and political implications of the Iran conflict (available here to pro subs).
WASHINGTON — Negotiators are quietly hammering out the details of a 14-point framework for peace talks between the US and Iran — and nuclear elements are finally on the table for discussion.
President indicated that deal had materialised but truth was that Saudi Arabia had stopped US use of its bases
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A logo for Whirlpool is seen at Riegelmann’s Appliance on April 3, 2025, in Gresham, Ore. (AP Photo/Jenny Kane, File)
The US Treasury has sanctioned Iraq’s Deputy Oil Minister, Ali Maarij al-Bahadly, and leaders of pro-Iran militias, accusing them of helping Iran to sell oil in violation of US sanctions.
Iran has told other regional countries that it is ready to 'prove' that its nuclear program is peaceful in nature, and that it is willing to meet international standards in that regard, according to the Iranian presidency.
Reports that Saudi Arabia has refused the US military access to its airspace could significantly complicate Washington’s plans should it decide to return to attacks against the Islamic regime, a Gulf expert told The Jerusalem Post on Thursday.
Iran’s foreign ministry spokesperson, Esmaeil Baghaei, says current discussions centre on securing a ceasefire, ending the war and restoring regional stability.
About 90 million Iranian residents are still unable to use the internet due to a blackout imposed by the country's regime on February 28.
DUBAI, United Arab Emirates — Iran has created a government agency to vet and tax vessels seeking passage through the crucial Strait of Hormuz, a shipping data company reported Thursday, as Tehran said it was reviewing the latest US proposals for ending the war.
Beijing’s study of Iran, Ukraine wars could help hone its ability to wage information warfare against the US during a Taiwan Strait crisis
Beijing’s study of Iran, Ukraine wars could help hone its ability to wage information warfare against the US during a Taiwan Strait crisis
Vice foreign and defense ministers from Japan and South Korea held their first two-plus-two meeting in Seoul on May 7. © Kyodo
The steep rise in jet fuel prices caused by the US-Israeli war on Iran is posing a bigger challenge to the global airline industry than the Covid-19 pandemic did, according to AirAsia CEO Tony Fernandes.
The steep rise in jet fuel prices caused by the US-Israeli war on Iran is posing a bigger challenge to the global airline industry than the Covid-19 pandemic did, according to AirAsia CEO Tony Fernandes.
While attention has focused on Iran and Lebanon, the situation in Gaza and the question of Hamas’s demilitarization have been pushed to the sidelines, even as the second phase of the Gaza peace plan has centered on disarmament, technocratic governance, and reconstruction.
Federal investigators are probing at least four suspiciously timed oil trades worth more than $2.6 billion that were placed just minutes before major announcements about the Iran war sent crude prices tumbling, according to a report.
Tehran, Iran – A meeting between two of Iran’s leaders may seem routine, but President Masoud Pezeshkian’s announcement that he had a positive discussion with Supreme Leader Mojtaba Khamenei, is an attempt to push back against efforts from the United States to portray the Islamic Republic’s leadership as divided.
The US on Thursday announced sanctions on Iraq's deputy oil minister as well as the leaders of two Iran-backed militias.
Over the weekend, we reported that in what some called a "watershed moment", Beijing ordered Chinese companies not to comply with US sanctions on five domestic refiners linked to the Iranian oil trade, deploying for the first time a blocking measure introduced in 2021 that was aimed at protecting its firms from fore…