Secretary of the Treasury Scott Bessent told reporters Wednesday that gas prices may not drop below $3.00 a gallon until late September.Oil and gas prices have shot up since Operation Epic Fury started on Feb. 28, with…
Chinese-owned oil tankers have crossed the Strait of Hormuz since Monday’s blockade of the major shipping lane.Several tankers have already crossed the Strait according to vesselfinder, including two Chinese-owned vessels,…
President Donald Trump ordered the U.S. Navy to immediately blockade the Strait of Hormuz on Sunday after marathon peace negotiations between U.S. and Iranian delegations in Pakistan ended without a deal.In a post on Truth…
Vice President JD Vance told reporters early Sunday morning that talks between the United States and Iran failed to reach an agreement for a permanent cease-fire.President Donald Trump announced a two-week pause in military…
Iran reportedly failed to locate all the naval mines it deployed in the Strait of Hormuz, preventing it from quickly reopening the critical shipping lane.Iranian Deputy Foreign Minister Saeed Khatibzadeh said in an interview…
The consumer price index (CPI) rose in March as economic shocks ripple through the economy from the war in Iran, the Bureau of Labor Statistics (BLS) reported Friday.The CPI increased 0.9% for the month, pushing the annual…
Iranian Deputy Foreign Minister Saeed Khatibzadeh informed the world that Tehran would open the Strait of Hormuz in a limited capacity during an interview on Thursday.Khatibzadeh admitted in the interview with ITV that the…
Secretary of War Pete Hegseth claimed Wednesday that Iran is under a new regime with a “new calculus” about negotiating with the United States, just a day after President Donald Trump threatened total destruction over the…
Iran has reportedly closed the Strait of Hormuz to all oil tankers Wednesday after the country accused Israel of violating the ceasefire agreement by striking targets in Lebanon.State media in Iran announced that they had…
Iran launched a series of missile attacks on Israel soon after President Donald Trump announced a two‑week halt to U.S. strikes against Tehran on Tuesday.Trump announced late Tuesday that he agreed to extend his Iran deadline…
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