Middle East

The standoff over the Strait of Hormuz tests Beijing’s balancing act, analysts say.

The aircraft carrier USS Gerald R. Ford has supported U.S. combat operations in Venezuela and Iran over the course of a nearly yearlong deployment.

The president said the U.S. destroyed 80 percent of Iran’s missiles and missile factories and would take out the rest ‘very quickly if we don’t make a deal.’

Friedrich Merz had earlier said that the United States had been ‘humiliated’ by Tehran after U.S. officials agreed to travel to Pakistan for peace talks.

The closure has impacted around 20 percent of global daily LNG supplies.

Acting War Department Comptroller Jules Hurst said expended U.S. weapons accounted for most of the U.S. cost of the Iran conflict.

Farming, fishery, and transport companies will be eligible for compensation because of price hikes in fuels and fertilizers.

The Airports Council International Europe said the spike in fuel costs is ’resulting in air fare increases and tight capacity management by airlines.’

The Iranian rial has dropped nearly 15 percent in the past two days as shipping disruptions, falling output, and an oil storage crunch strain Tehran’s finances.

Oil sales to China generate tens of billions of dollars in revenue for the Iranian regime every year.

Iran has been seeking U.S. recognition of its right to enrich uranium for what it describes as peaceful civilian purposes.

As part of the Treasury’s policy of ‘Economic Fury,’ it is targeting Iran’s network that finances terrorism and the military.

Abu Dhabi’s exit could weaken OPEC, free the UAE to pump more crude, and reshape oil markets amid disruptions in the Strait of Hormuz, analysts say.

The Reserve Bank of Australia is due to make a decision on interest rates on May 5.

Philippines Defense Secretary Gilberto Teodoro says the country is not concerned that the Iran war will reduce U.S. deterrence in the Indo-Pacific.

Ukrainian President Volodymyr Zelenskyy said Kyiv is preparing sanctions against those profiting from the sale.

Christopher Yeaw, U.S. assistant secretary of state for arms control and nonproliferation, said the decision was ‘beyond shameful.’

Insiders say Beijing is scrambling for supplies as shipping disruptions hit industry, drive up costs, and squeeze exports.

The president said the Iranian government communicated that assessment to U.S. officials.

Crude prices advanced as traders priced in prolonged disruption risk tied to Strait of Hormuz.

The standoff over the Strait of Hormuz tests Beijing’s balancing act, analysts say.

The aircraft carrier USS Gerald R. Ford has supported U.S. combat operations in Venezuela and Iran over the course of a nearly yearlong deployment.

The president said the U.S. destroyed 80 percent of Iran’s missiles and missile factories and would take out the rest ‘very quickly if we don’t make a deal.’

Friedrich Merz had earlier said that the United States had been ‘humiliated’ by Tehran after U.S. officials agreed to travel to Pakistan for peace talks.

The closure has impacted around 20 percent of global daily LNG supplies.

Acting War Department Comptroller Jules Hurst said expended U.S. weapons accounted for most of the U.S. cost of the Iran conflict.

Farming, fishery, and transport companies will be eligible for compensation because of price hikes in fuels and fertilizers.

The Airports Council International Europe said the spike in fuel costs is ’resulting in air fare increases and tight capacity management by airlines.’

The Iranian rial has dropped nearly 15 percent in the past two days as shipping disruptions, falling output, and an oil storage crunch strain Tehran’s finances.

Oil sales to China generate tens of billions of dollars in revenue for the Iranian regime every year.

Iran has been seeking U.S. recognition of its right to enrich uranium for what it describes as peaceful civilian purposes.

As part of the Treasury’s policy of ‘Economic Fury,’ it is targeting Iran’s network that finances terrorism and the military.

Abu Dhabi’s exit could weaken OPEC, free the UAE to pump more crude, and reshape oil markets amid disruptions in the Strait of Hormuz, analysts say.

The Reserve Bank of Australia is due to make a decision on interest rates on May 5.

Philippines Defense Secretary Gilberto Teodoro says the country is not concerned that the Iran war will reduce U.S. deterrence in the Indo-Pacific.

Ukrainian President Volodymyr Zelenskyy said Kyiv is preparing sanctions against those profiting from the sale.

Christopher Yeaw, U.S. assistant secretary of state for arms control and nonproliferation, said the decision was ‘beyond shameful.’

Insiders say Beijing is scrambling for supplies as shipping disruptions hit industry, drive up costs, and squeeze exports.

The president said the Iranian government communicated that assessment to U.S. officials.

Crude prices advanced as traders priced in prolonged disruption risk tied to Strait of Hormuz.