The war with Iran is pushing up oil and gas prices, creating widespread financial strain on U.S. motorists, food delivery drivers, farmers as well as the U.S. Postal Service. Average U.S. gas prices topped $4 per gallon on March 31 for the first time since 2022, according to AAA. Analysts say prices are likely to remain elevated until shipping resumes in the Strait of Hormuz, a key…
Gasoline prices are surging ahead of Labor Day, with AAA predicting travelers will face the highest pump prices on record for the holiday weekend amid ongoing conflict in the Strait of Hormuz. The national average for regular gasoline reached $4.14 a gallon Thursday, up 4 cents from a week earlier, according to AAA data. Diesel averaged…
31m ago Trump posts AI-generated video he says shows Kharg Island attack President Trump shared an AI-generated video on his Truth Social platform late Sunday depicting what he said was Iran’s strategic oil hub of Kharg Island under attack. “Kharg Island being blown to smithereens!!!” Mr. Trump wrote in his post accompanying the video….
The head of the U.S. military’s Central Command, Adm. Brad Cooper, has echoed President Trump’s insistence that the Strait of Hormuz shipping lanes are clear of sea mines, saying they are “open, and momentum is building.” He acknowledged, however, that vessels still seek direct U.S. military protection to use the vital waterway, which Iran has…
President Trump threatened this week to wield an “unprecedented” level of economic warfare against Iran, and Treasury Secretary Scott Bessent vowed to “collapse” the Islamic Republic regime with the “toughest sanctions in history.” But the effectiveness of a bolstered economic campaign against Iran may rest largely on one close U.S. ally in the Persian Gulf,…
Defense Secretary Pete Hegseth on Tuesday defined Project Freedom, a day-old U.S. military operation to assist commercial vessels stuck in the Persian Gulf to get out via the Strait of Hormuz, as completely separate from hostilities with Iran that began with joint U.S.-Israeli strikes on the country on Feb. 28. “This operation is separate…
This week, CBS News received another recording from inside the notorious Evin Prison in Iran with an update from U.S. citizen and journalist Reza Valizadeh. He last reached out in June, and he wants his most recent statement to be made public, as well, according to his attorney Ryan Fayhee. Valizadeh is one of…
For weeks, the Pentagon has refused to disclose the findings from the Army’s investigation into the deadliest attack against U.S. troops during the Iran War. Now, a key Senate Democrat is calling on military leaders to release the more than 350-page report stemming from the probe. “I now request you immediately release the findings of…
34m ago Iranian foreign ministry reports positive progress in Strait of Hormuz talks Iran’s Foreign Minister Esmaeil Baqaei said in an interview with the country’s state broadcaster IRIB that talks with Oman on the reopening of the Strait of Hormuz have been positive. “Iran is trying to formulate the necessary mechanisms for future arrangements…
The U.S. stock market approached record highs on Tuesday after Treasury Secretary Scott Bessent said a deal to reopen the Strait of Hormuz could be reached within days. Investors were also cheered by strong corporate profits, with companies ranging from equipment maker Caterpillar to software company Palantir Technologies reporting second-quarter results that exceeded analysts’ expectations. …
