Stocks slide, oil surges after Trump says Iran ceasefire is over
Oil prices jumped 6% while U.S. stocks fell as renewed Middle East conflict threatens crude shipments through the Strait of Hormuz.
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Oil prices jumped 6% while U.S. stocks fell as renewed Middle East conflict threatens crude shipments through the Strait of Hormuz.
The U.S. is "going to win one way or the other," President Trump said Monday, as Iran held a colossal public funeral for its slain supreme leader.
Fracking and drilling could be coming back to California. Environmental advocates say it could be devastating to wildlife and communities.
The Islamic Revolutionary Guard Corps struck a cargo ship near Oman on Thursday, further complicating the Iran-U.S. negotiations.
President Trump said earlier Thursday he called off new military strikes on Iran, hours after threatening to escalate the war.
The Consumer Price Index rose last month at a 4.2% annual rate amid a spike in U.S. energy prices.
The vice president says the U.S. and Iran are "very close" to a deal, but are "not there yet." Meanwhile, the U.S. struck Iran, which retaliated against a U.S. base.
As Iran accuses the U.S. of a "grave violation" of the fragile ceasefire, Rubio says a deal is still possible despite the latest clash.
As the Trump administration signals hope for a possible deal, Iran says obstacles linger and that "frequent changes" in U.S. positions aren't helping.
There is broad commitment on the principles of a deal, a senior Trump administration official said, and the administration feels positive about where things stand.
Asked what he said to Israel's leader about a decision to hold off on new Iran strikes, Trump said Netanyahu will "do whatever I want him to do."
U.S. motorists are likely to face even hotter gas prices as the summer driving season kicks off, according to a new analysis.
President Trump had warned Sunday that "the Clock is Ticking" for Iran to accept a peace agreement.
President Trump is expected to encourage China to pressure Iran to make a deal to end the war when he visits Beijing this week and meets with President Xi Jinping.
Hegseth said the ceasefire with Iran "certainly holds" for now after a naval clash between Iranian and U.S. forces and renewed attacks on the UAE.
Iran launched attacks on the UAE and tankers in the Strait of Hormuz while the U.S. destroyed Iranian boats "that attempted to interfere" with Project Freedom.
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.
Brent crude surged past $126 a barrel early Thursday, while U.S. gasoline prices jumped to $4.30 a gallon.
Energy prices keep rising with no sign of progress toward a deal to end the U.S.-Iran standoff and Hezbollah rejecting the Lebanon ceasefire.
Following a second round of peace talks in Washington, President Trump announced that the Israel-Lebanon ceasefire had been extended by three weeks.
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.
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?
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.
Prices dropped after Iran's foreign minister said the Strait of Hormuz is "completely open" for the remainder of the Israel-Lebanon ceasefire.
Rising jet fuel prices are forcing airlines to cut routes and trim schedules.
