Tensions between the United States and Iran remain high as Iran continues to hold leverage over the Strait of Hormuz, a critical waterway through which roughly 20% of the world's oil supply passes. President Trump is weighing next steps following recent escalation between the two countries. The Strait of Hormuz sits between Iran and Oman, and any disruption there would immediately affect global oil flows, pushing energy prices higher across markets. Iran's ability to threaten or restrict passage through the strait gives it significant bargaining power in any standoff with Washington. Energy markets are watching closely, as sustained pressure on the strait could ripple into fuel costs, shipping rates, and broader inflation. The situation remains fluid, with no confirmed resolution or agreement in sight.
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
