Inflation surged in March as Iran war drove up energy costs
Inflation rose at an annual rate of 3.3% in March, driven by the sharpest monthly increase in gas prices since 1967.
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Inflation rose at an annual rate of 3.3% in March, driven by the sharpest monthly increase in gas prices since 1967.
Only about a dozen ships passed through the Strait of Hormuz in the first two days of the ceasefire, far below normal traffic levels before the war, data shows.
Few ships passed through the waterway Wednesday and Thursday despite a ceasefire agreement that was supposed to open the waterway key to transiting oil across the globe.
Iran says Israel is violating the ceasefire deal President Trump announced, and Tehran appears to still have control over shipping in the Strait of Hormuz.
President Trump announced that the U.S. and Iran had agreed to a two-week ceasefire that was contingent on the reopening of the Strait of Hormuz.
President Trump said he has agreed to a "double sided CEASEFIRE" with Iran, less than two hours before his deadline for Iran to either cut a deal with the U.S. or face massive strikes on its power plants.
American journalist Shelly Kittleson is being released on the condition that she leave Iraq immediately, an Iranian-backed militia in Iraq says.
The U.S. sent over 150 aircraft to beat Iranian forces in the race to find the missing F-15E weapons systems officer.
President Trump posted on social media that "a whole civilization will die tonight," adding "but I don't want that to happen, but it probably will."
A shootout with Turkish police outside the Israeli Consulate in Istanbul left one gunman dead and two others wounded, the local governor says.
President Trump's deadline for Iran to reach a deal to end the war or face punishing strikes on its bridges and power plants is less than 24 hours away.
President Trump and top national security officials shed new light on the daring rescues of two American airmen who were shot down over Iran last week.
Some South Florida drivers say they are opting to stay home instead of filling up their gas tank.
President Trump hailed the rescue of a U.S. airman who was missing almost two days inside Iran — and threatened to hit power plants if Iran doesn't reopen the Strait of Hormuz.
Pope Leo XIV celebrated his first Easter Mass as pontiff, urging hope against the violence of war.
A U.S. crew member who went missing when an F-15E fighter jet was shot down over a remote area of Iran has been rescued by U.S. forces.
U.S. forces have recovered an American service member who survived for nearly 48 hours after an F-15 was shot down by Iran, ending what officials describe as a complex and high-risk rescue operation.
The war shows no signs of slowing as Iran responds to airstrikes with attacks across the region.
The search for the second crew member, a weapons system officer, is continuing, two U.S. officials said.
President Trump warned the U.S. "hasn't even started destroying what's left in Iran," and previewed that strikes on bridges and power plants could be next.
President Trump said in a speech that the U.S. will complete its military mission in Iran "very shortly," and that U.S. forces have achieved "overwhelming victories."
Trump says he expects the U.S. war with Iran to end within several weeks despite unrelenting attacks from both sides and Iran's iron grip on the Strait of Hormuz.
U.S. gasoline prices continue to inch higher after crossing the $4 a gallon threshold on Tuesday for the first time since 2022.
President Trump indicated the Iran war may wrap up "very soon" and he could abandon efforts to force Iran to reopen the Strait of Hormuz, as the war pushed U.S. gas prices over the $4 mark.
Experts report the national average for gasoline has reached $4.01, the highest level since August 2022, following the start of the Russian war against Ukraine.
