President Trump has rejected Iran's proposal to reopen the Strait of Hormuz, signaling that a narrow deal focused only on the waterway is not enough. The proposal, as described, would have left Iran's nuclear program unresolved, which Trump found unacceptable. The Strait of Hormuz is the world's most critical oil shipping chokepoint, handling roughly a fifth of global oil supply daily. A closure or disruption there sends energy prices sharply higher across markets. Trump's rejection means the two sides remain far apart. Iran had apparently offered to address the strait, possibly to ease sanctions pressure or open a diplomatic channel, without putting its nuclear activities on the table. Washington appears to be holding out for a broader agreement that ties shipping access to nuclear concessions. Until a wider deal is reached, the threat of supply disruption in the Gulf stays live, keeping oil markets on edge and complicating energy planning for major importers, including India.
Iranian armed forces attacked a cargo ship in the Strait of Hormuz on Thursday, briefly halting traffic through the waterway. The strike threatens a fragile US-Iran arrangement and could push shipping insurance costs and oil prices higher.
The US has struck Iran, with President Trump citing an Iranian attack on a ship in the Strait of Hormuz as justification. The action raises immediate risks for global oil flows through one of the world's most critical shipping chokepoints.
The US struck ten Iranian targets on the second consecutive day of military action, putting a fragile ceasefire under serious pressure. The escalation raises immediate risks for Gulf shipping, global oil supply, and regional stability.
Venezuela's twin earthquakes, magnitudes 7.2 and 7.5, have killed at least 164 people and injured 971, interim president Delcy Rodriguez confirmed Thursday. The quakes are the country's strongest since 1900, collapsing buildings across Caracas and prompting a state of emergency, with the death toll expected to rise as
