World ✳
Iran oil crisis pushes up borrowing costs worldwide
Fighting in the Middle East has kept oil above $90 a barrel after the Strait of Hormuz, a key shipping route for oil tankers, was shut down.
#Iran
World ✳
Trump says Iran's main oil export terminal has been destroyed
President Trump said Iran's Kharg Island oil terminal, which handles about 90% of the country's crude oil exports, is being destroyed, but gave no evidence or details, according to Reuters.
World ✳
US Treasury to Sanction an Iran-Linked Bank Every Week
US Treasury Secretary Scott Bessent said Washington will sanction another bank this week for handling Iran-linked payments, and expects to add new sanctions on Iran-tied banks weekly from now on.
World ✳
US Strikes Iranian Rocket Launchers in Strait of Hormuz, Iran Reports Deaths
US forces struck Iranian rocket launchers on an island inside the Strait of Hormuz, the narrow waterway that much of the world's oil shipments must pass through.
World ✳
Putin and Xi host summit in Kyrgyzstan with Iran and India leaders
Russia's Vladimir Putin and China's Xi Jinping are meeting in Kyrgyzstan for two days, along with the leaders of Iran and India.
Analysis ✳
Six months into Iran war, oil prices never spiked as feared
Six months after the war with Iran began, oil prices never hit the $100 mark many expected — markets absorbed the shock and moved on.
World ✳
Iran drafts terms to reopen Hormuz strait as US sends another warship
Iran has been blocking ships from the Strait of Hormuz, the only sea route in or out of the Gulf, amid a standoff with the United States.
World ✳
Trump Suggests US Could Sanction Chinese Banks Over Iran Oil Before Xi Summit
President Donald Trump has suggested the United States could punish Chinese banks for helping move Iranian oil, using financial penalties called sanctions.
World ✳
Europe's Patriot missile stockpile hits critical shortage after Iran war
US and NATO officials say the supply of Patriot interceptor missiles stored in Europe has dropped to a level they call 'beyond critical.' Patriot missiles are the main weapons NATO uses to shoot down incoming ballistic missiles.
World ✳
CIA director's Moscow trip warned Russia off NATO and Iran, reports say
CIA Director John Ratcliffe made a secret trip to Moscow that had already been reported, but new reporting from US news outlets says what he actually told the Russians: don't attack NATO countries, especially the Baltic states of Estonia, Latvia and Lithuania, and don't help Iran.
World ✳
Oman tries to broker Hormuz shipping deal as Iran says strait stays shut
Oman is trying to arrange a temporary shipping route through the Strait of Hormuz, a narrow sea passage between Iran and the United States that carries about a fifth of the world's oil and gas.
World ✳
China threatens to hit back over new US sanctions on Iran trade
China has gone from rejecting a US ultimatum over its trade with Iran to warning it may retaliate, the Financial Times reports.