U.S. Diesel Prices Reach Record High of $5.85 a Gallon
CHICAGO — U.S. diesel prices have climbed to a record national average of $5.85 a gallon, raising the prospect of higher costs for groceries, shipping,...
Strait of Hormuz
Why the Strait of Hormuz Matters to Oil Prices, and What a Wider Conflict Could Mean
The Strait of Hormuz is a narrow stretch of water between Iran and Oman, but its importance to the global economy is enormous. Before the...
Trump Officials Push for ‘Quiet’ in Iran War as Midterm Pressure Grows
WASHINGTON — Senior aides to President Donald Trump are pushing to prevent the war with Iran from escalating before the Nov. 3 midterm elections, according...
Stocks Fall, Oil Nears $95 as U.S.–Iran Escalation Deepens Global Bond Rout
LONDON/NEW YORK — Global stock markets fell Wednesday, while government bonds extended a sharp selloff, after renewed U.S. military strikes on Iran pushed oil prices...
Iran-US War Latest: U.S. Strikes IRGC Targets as Tehran Threatens Gulf Oil Exports
WASHINGTON/DUBAI — The United States launched a new round of airstrikes against Iranian military targets Tuesday, escalating a confrontation that had appeared to be shifting...
U.S., Iran Exchange Fire as Fighting Resumes Near Strait of Hormuz
WASHINGTON — The United States and Iran exchanged fire over the weekend, ending a weeks-long lull in direct military action and renewing concern over the...
Iran and US say Strait of Hormuz deal is close as Oman mediation advances
Iran and the United States both say they are close to a deal that would restore safer, more predictable shipping through the Strait of Hormuz,...
US-Iran Negotiations at Crossroads After Deal Announcement
The United States and Iran say they have reached the “perimeters of a deal” over reopening the Strait of Hormuz, President Trump announced over the...
Trump cancels Iran strikes, says ‘perimeters of a deal’ reached
President Trump announced late Saturday that he had canceled a planned large-scale attack on Iran’s energy infrastructure, saying negotiators had agreed on the “perimeters of...
United States and Iran Return to Open Conflict as Ceasefire Unravels
Hostilities between the United States and Iran have resumed in a dangerous new escalation, with Washington carrying out fresh strikes on Iranian targets while Tehran...