Middle East

‘We either make the right deal, or we win very easily,’ the president said.

U.S. Treasury Secretary Scott Bessent said, ‘China, let’s see them step up with some diplomacy and get the Iranians to open the strait.’

Mike Wirth said the United States won’t be able offset all the lost oil, LNG, and refined-product that flows to to Europe and Asia.

Investors appeared cautious Tuesday as tensions in the Gulf continued, reinforcing expectations of prolonged supply disruptions.

Abu Dhabi’s move could loosen quota discipline, accelerate direct oil deals, and put pressure on prices once Hormuz risks ease, experts say.

More than a dozen missiles and drones were engaged by its forces, the United Arab Emirates said.

President Donald Trump stopped short of saying that the ceasefire has been violated.

U.S. officials warn that disruptions in Hormuz could set precedents for other key global shipping routes.

Fujairah is the only oil exporting zone in the country.

The transportation chief predicted immediate pump relief once normal shipping resumes in the Gulf, even as oil markets remain volatile amid Iran tensions.

The United States is deploying military forces to guide ships and maintain freedom of navigation through the strait.

The escalating tensions follow Washington’s announcement of ‘Project Freedom’ to restore freedom of navigation in the strait.

Israel gave final approval for a plan to purchase two ‌new combat squadrons of F-35 and F-15IA advanced fighter aircraft from Lockheed Martin and Boeing.

Trump revealed plans to ‘free up’ the ships in the crucial waterway in a Truth Social post on May 3.

The Chinese regime set its economic goal at 4.5 to 5 percent for 2026, its lowest in nearly 30 years, excluding the pandemic.

A bulk carrier was attacked by multiple small craft as it transited toward the Strait of Hormuz, the United Kingdom Maritime Trade Operations said.

Iranian officials said that issues between Tehran and Washington must be resolved within 30 days, state media says.

Gas prices reached as high as $6.10 per gallon in California on May 3, according to AAA. The national average hit $4.44 per gallon.

The Trump administration is seeking to end temporary protections for Yemenis citing national interests.

Nobel Laureate Mohammadi’s Life in Iran’s Hands.

‘We either make the right deal, or we win very easily,’ the president said.

U.S. Treasury Secretary Scott Bessent said, ‘China, let’s see them step up with some diplomacy and get the Iranians to open the strait.’

Mike Wirth said the United States won’t be able offset all the lost oil, LNG, and refined-product that flows to to Europe and Asia.

Investors appeared cautious Tuesday as tensions in the Gulf continued, reinforcing expectations of prolonged supply disruptions.

Abu Dhabi’s move could loosen quota discipline, accelerate direct oil deals, and put pressure on prices once Hormuz risks ease, experts say.

More than a dozen missiles and drones were engaged by its forces, the United Arab Emirates said.

President Donald Trump stopped short of saying that the ceasefire has been violated.

U.S. officials warn that disruptions in Hormuz could set precedents for other key global shipping routes.

Fujairah is the only oil exporting zone in the country.

The transportation chief predicted immediate pump relief once normal shipping resumes in the Gulf, even as oil markets remain volatile amid Iran tensions.

The United States is deploying military forces to guide ships and maintain freedom of navigation through the strait.

The escalating tensions follow Washington’s announcement of ‘Project Freedom’ to restore freedom of navigation in the strait.

Israel gave final approval for a plan to purchase two ‌new combat squadrons of F-35 and F-15IA advanced fighter aircraft from Lockheed Martin and Boeing.

Trump revealed plans to ‘free up’ the ships in the crucial waterway in a Truth Social post on May 3.

The Chinese regime set its economic goal at 4.5 to 5 percent for 2026, its lowest in nearly 30 years, excluding the pandemic.

A bulk carrier was attacked by multiple small craft as it transited toward the Strait of Hormuz, the United Kingdom Maritime Trade Operations said.

Iranian officials said that issues between Tehran and Washington must be resolved within 30 days, state media says.

Gas prices reached as high as $6.10 per gallon in California on May 3, according to AAA. The national average hit $4.44 per gallon.

The Trump administration is seeking to end temporary protections for Yemenis citing national interests.

Nobel Laureate Mohammadi’s Life in Iran’s Hands.