Oil Rises Above $85 a Barrel as Gulf Clash Escalates
Brent crude, the international benchmark, breached $85 per barrel for the first time in a month.
Brent crude, the international benchmark, breached $85 per barrel for the first time in a month.
President Trump notified Congress that he had resumed strikes on Iran, as the cease-fire effectively collapsed. He also ordered a naval blockade and announced shipping tolls in the Strait of Hormuz.
The potential expense of a 20 percent charge to move oil and other goods through the strait has stirred concern among shippers.
Here’s the wild back story behind a failed plan to install Mahmoud Ahmadinejad as Iran’s next leader.
After several days of attacks, Tehran and Washington have effectively reverted to the state of open conflict that existed before the United States and Iran agreed to a cease-fire in June.
President Trump said the United States could collect tolls or fees, despite Vice President JD Vance and Secretary of State Marco Rubio saying no country could do so.
Some Iranians are calling for revenge against President Trump and Prime Minister Benjamin Netanyahu of Israel for the February killing the country’s supreme leader.
The use of unmanned vessels to attack Iranian naval installations offers new evidence of how drones are taking over modern warfare.
President Trump said the United States could collect tolls or fees, despite Vice President JD Vance and Secretary of State Marco Rubio saying no country could do so.
The Iran-backed Houthi rebels in Yemen accused Saudi Arabia of striking an airport in the Yemeni capital, Sana. The escalation came after a dispute over an Iranian plane that carried Houthi officials to Tehran.
Her best-known work, “Women Without Men,” was longlisted for the International Booker Prize this year.
For decades, OPEC influenced the market by how much oil it produced. But China, the largest importer, is demonstrating its remarkable power over prices.
Some Iranians are calling for revenge against President Trump and Prime Minister Benjamin Netanyahu of Israel for the February killing the country’s supreme leader.
Shipping activity plummeted after Iran attacked a ship, setting off U. S. strikes.
Plus, Sam Neill of “Jurassic Park” fame dies at 78.
The yearslong effort to groom the former Iranian president as an intelligence asset culminated in a dramatic effort to take him to an Israeli safe house in the early days of the war. But the plan fell apart.
The renewed hostilities posed fresh risks to ships seeking to navigate the Strait of Hormuz.
President Trump signed an agreement that Iran said gave it control of the waterway — and global energy supplies. Now, Iran’s military is violently asserting authority.
With much of their leadership killed in the war, Iran’s conservatives have sought to fill the void and intensify the fight against the United States.