U.S. beginning effort to guide stranded ships through Strait of Hormuz
President Trump announced the U.S. would "guide" ships not involved in the war with Iran out of the Strait of Hormuz. A U.S.-led task force says it has started the operation.
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President Trump announced the U.S. would "guide" ships not involved in the war with Iran out of the Strait of Hormuz. A U.S.-led task force says it has started the operation.
Oil prices hit a 4-year high as Axios reports Trump will hear new options to try to break the Strait of Hormuz standoff with Iran with a new wave of attacks.
Brent crude surged past $126 a barrel early Thursday, while U.S. gasoline prices jumped to $4.30 a gallon.
On Wednesday, the national average was $4.22, while the average price in Florida reached $4.15 per gallon.
Oil prices continue rising as the Trump administration unenthusiastically mulls an Iranian offer to reopen the Strait of Hormuz but delay nuclear talks.
Iran renews attacks in the Strait of Hormuz after Trump says he's extending a ceasefire indefinitely, as thousands more U.S. forces head for the region.
It could take months for U.S. gas prices to recede to their level before the outbreak of war in Iran, economists and energy experts say.
U.S. gas prices are surging as the Iran war drives up the global cost of oil. But what exactly accounts for what you pay at the pump?
Iran balked at President Trump's demands for a peace deal amid a standoff over the Strait of Hormuz, as fear the war could reignite hits oil and energy markets.
President Trump says he sent a U.S. delegation to Pakistan for another round of peace talks with Iran Monday but Tehran says it doesn't plan to participate.
Rising jet fuel prices are forcing airlines to cut routes and trim schedules.
The leaders of Lebanon and Israel agreed to start a 10-day truce at 5 p.m. Eastern Time Thursday.
Venezuelan oil shipped to the U.S. is providing relief from higher prices caused by the Iran war, according to a senior Chevron executive.
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.
The national average for gasoline on Wednesday was $4.15 a gallon, up a penny or two just since Tuesday, according to Gas Buddy petroleum analyst Matt McClain.
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.
"This is a potentially huge market event like no other. It's a known unknown with a clock," one investment adviser said.
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.
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.
U.S. consumers are starting to feel the financial impact of the Iran war. Here's how the conflict is seeping into the economy.
The Cuban government says it has pardoned and released 2,010 prisoners, a sweeping move that comes as the island nation grapples with pressure from the Trump administration.
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.
