President Donald Trump is unhappy with Iran's latest proposal to end the two-month-old war, a U.S. official said, reducing hopes for a near-term diplomatic resolution. The conflict has already disrupted energy supplies, pushed up inflation, and killed thousands of people. No further details of the proposal or Trump's specific objections were disclosed by the official. The war's continuation keeps pressure on global oil markets, which have been volatile since the fighting began. Traders and policymakers are watching closely because prolonged disruption to energy flows from the region feeds directly into fuel prices and broader consumer inflation worldwide. With no deal in sight, the key things to watch are whether back-channel talks continue, whether either side signals flexibility, and how energy markets price in a longer conflict. Any shift in Washington's posture, toward escalation or renewed diplomacy, will move markets quickly.
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
