CNN: President Donald Trump said the US may be “better off” if no deal is reached with Iran, after earlier stating he was unsatisfied with Tehran’s latest peace proposal…
Iran Softens Conditions for Resuming Peace Talks With the U.S.
The two sides remain far apart, however, on the substantive issues of reopening the Strait of Hormuz and Iran’s nuclear program, people familiar with the matter said, an indication negotiations will continue to be fraught.
…The new Iranian proposal takes a step toward the U.S. by offering to discuss Tehran’s conditions for opening the Strait of Hormuz at the same time as U.S. guarantees to end its attacks and unwind its blockade of Iranian ports, people familiar with the details said…
Oil market one month from crunch point as global stockpiles dwindle
The oil market is four weeks away from a “tipping point” that will drive prices significantly higher, traders have warned, as the blockade in the Strait of Hormuz reduces global stockpiles below critical levels…
US warns shipping firms they could face sanctions over paying Iranian tolls in the Strait of Hormuz
The alert posted Friday by the U.S. Office of Foreign Assets Control adds another layer of pressure in the standoff between the U.S. and Iran over control of the Strait of Hormuz…
Iran standoff could leave Trump worse off than before he went to war
With both sides outwardly confident they hold the upper hand and their positions far apart, there is no obvious off-ramp in sight, even as Iran submitted a fresh proposal to restart negotiations. Trump quickly rejected it on Friday…
Trump Tells Congress Why He Doesn’t Need Its Authorization for the Iran War
In letters to the House and Senate, the president asserted that the hostilities had “terminated,” in an apparent attempt to avoid having to seek congressional approval…
Americans Spent $125 Million More on Gas Friday Than They Did a Week Ago
The 33-cent gain in the regular-gasoline price adds up. On a typical day, people in the U.S. pump about 375 million gallons of gasoline. So on May 1, they probably poured something on the order of $125 million more into the tank than they did the Friday before…
After 60 Days, Republican Patience for the Iran War Is Wearing Thin
Months into the operation and with midterms looming, some lawmakers are calling for Congress to restrain the president’s war power or set terms for bringing the conflict to a close…
Donald Trump’s Iran war leaves US with sharpest fuel shock in G7
US petrol prices at the pump have jumped 42 per cent since the days leading up to the war in late February, according to JPMorgan…
How Germany Misjudged Trump’s Anger on Iran
As President Trump fired off a series of social media posts criticizing Germany this week, including a threat to pull some American troops from the country, German leaders showed no public signs that they believed the president was serious…
Iran War Gives U.S.’s Rivals a Real-Time Look at Its Firepower
Adversaries have watched the U.S. burn through missile stockpiles, seen new tech in action and witnessed what cheap weapons can do to a stronger foe…
US Approves Nearly $9 Billion in Weapons Sales to Mideast States
Secretary of State Marco Rubio has approved expedited arms transfers to Israel, Kuwait, Qatar and the United Arab Emirates, bypassing a standard congressional review to rush air defense missiles and laser guidance systems to the Middle East as the Iran war ceasefire seems ever more fragile…
Two brothers from the elite Kharrazi family, using an alternative surname, started up Nobitex in 2018. The crypto exchange has become a central node in a parallel financial system that moves funds beyond U.S. sanctions – even during the current war…
Spirit Airlines shuts down, industry’s first Iran war casualty
The collapse of the first carrier due to a doubling in jet fuel prices during the two-month-old Iran war will cost thousands of jobs. It is a blow to President Donald Trump, who had proposed $500 million to save Spirit despite opposition from some of his closest advisers and many Republicans in Congress…
What oil crisis? China’s EVs are ready to dominate the 21st century
Chinese carmakers are cranking out their offerings at a large scale and a comparatively low price. And there’s another major sell: while oil and gas costs skyrocket due to the Iran war, the vast majority of these cars are electric or hybrid…