Donald Trump has vowed to keep a naval blockade on Iranian ports in place, describing it as 'more effective than the bombing' as oil prices climbed on the news. The blockade amounts to a maritime siege that cuts off Iran's ability to export goods, most critically crude oil, through its own ports. Trump's comments signal Washington intends to use economic pressure rather than direct military strikes as its primary tool against Tehran. Iran responded with warnings of 'practical' action, a phrase that stops short of naming a specific measure but suggests a retaliatory response is being prepared. Oil prices rose as markets priced in the risk of prolonged supply disruption from a major crude-producing region. The standoff between the two countries keeps a key shipping corridor under pressure. Traders and policymakers will be watching for what Iran's 'practical' response means in practice, and whether the blockade tightens further or draws in other regional actors.
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
