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. …
Oil prices tumbled more than $4 a barrel on Monday after US President Donald Trump held off on a fresh attack on Iran, seeking to reach a quick deal that would reopen the Strait of Hormuz. Brent crude futures slid $4.49, or 5.11 per cent, to $83.44 by 0408 GMT while US West Texas Intermediate…
8m ago Iran says it struck two tankers under U.S. “aerial escort” in the Strait of Hormuz Iran’s paramilitary Revolutionary Guard Corps said Friday that it had hit two tankers trying to pass through the Strait of Hormuz under an “aerial escort” of the U.S. military. The IRGC said the “non-compliant oil tankers ……
The U.S.-Israeli war in Iran has rocked the Mideast and spread through the region, and President Trump is now weighing what to do next to reopen the Strait of Hormuz and extract any concessions from Iran’s increasingly hardline leadership. In meetings with Mr. Trump and Vice President JD Vance Wednesday, Saudi Defense Minister Prince Khalid…
16m ago U.S. commander warns troops not to share video of strikes on bases, says it could be helping Iran U.S. troops across the Middle East have been warned that cellphone videos they share online could help Iran target American bases, the Reuters news agency reported Wednesday. Admiral Brad Cooper, overall commander of U.S….
The U.S. and Saudi militaries launched airstrikes late Tuesday on Iranian-backed groups in Iraq, U.S. Central Command said, after Iran and its proxies allegedly targeted American forces over the last few days. The strikes could pose a challenge to a five-day lull in U.S. attacks on Iran, as President Trump says he wants to give…
SpaceX launched its 13th Super Heavy-Starship rocket Friday, with the giant booster chalking up an on-target but “hard” splashdown off the Texas Gulf Coast while the Starship upper stage carried out a successful suborbital hop to the Indian Ocean. Powered by 33 methane-fueled Raptor engines, the 397-foot-tall two-stage rocket blasted off from SpaceX’s Starbase, Texas,…
Before the war in Iran, roughly 15 million barrels of Persian Gulf oil were shipped each day through the Strait of Hormuz. Within a few years, much of that oil could bypass the strait. As Iran’s chokehold on the strait drags on and oil prices surge — to over $100 per barrel for Brent Crude…
Global oil prices neared $100 a barrel on Thursday as the conflict in the Middle East escalated, with Iran-backed Houthi rebels in Yemen targeting shipping in the Red Sea. Brent crude, the international standard, reached $98.82 a barrel, up $4.75, or 5.05%, according to oilprice.com. West Texas Intermediate, the U.S. benchmark, hit $90.67 a barrel, up…
