Crude oil prices edged higher Monday as Iran ruled out talks to extend the memorandum of understanding with the U.S. A senior Iranian official told Reuters that Tehran would shift to offense rather than relying on defense if diplomacy with the U.S. fails. U.S. crude oil futures rose 10 cents to $82.50 per barrel. Brent…
Ships are anchored in the Strait of Hormuz on August 10, 2026 off the coast of Bandar Abbas, Iran. Ali Saeedi | Getty Images Shipping traffic through the Strait of Hormuz slowed to a halt over the weekend ahead of the expiry date of the 60-day ceasefire between the U.S. and Iran on Monday, with…
BANDAR ABBAS, IRAN – AUGUST 10: Two youths sit on the shoreline as ships are seen anchored in the Strait of Hormuz on August 10, 2026 off the coast of Bandar Abbas, Iran. (Photo by Ali Saeedi/Getty Images) Getty Images | Getty Images News | Getty Images Iran rebuffed U.S. President Donald Trump’s claim that…
NATO fighters shot down a drone over eastern Latvia on Friday, the country’s armed forces said, in an incident authorities linked to “Russian electromagnetic warfare.” The drone was destroyed over the Balvi region by aircraft taking part in NATO’s Baltic Air patrol mission. Latvia said airspace alerts were issued across several eastern and southern regions…
In this pool photograph distributed by the Russian state agency Sputnik, Russia’s President Vladimir Putin meets with Moscow-installed leader of the Russian-controlled parts of the Zaporizhzhia region, at the Kremlin in Moscow on July 20, 2026. Alexander Kazakov | Afp | Getty Images After four-and-a-half years of full-scale war with Ukraine, Russia has become a…
An unmanned aerial vehicle at the AeroVironment Inc. booth during the Special Operations Forces Industry Conference in Tampa, Florida, May 17, 2022. Luke Sharrett | Bloomberg | Getty Images Drone stocks rallied on Friday after President Donald Trump announced import tariffs in an effort to boost U.S. manufacturing and protect national security. Unusual Machines popped…
Japan’s Prime Minister Sanae Takaichi responds to questions from reporters at the Prime Minister’s Office in Tokyo on May 25, 2026. Prime Minister Sanae Takaichi said on May 25 the government will compile a $19 billion supplementary budget to support households grappling with soaring everyday costs driven by the Iran war. (Photo by JIJI PRESS…
Treasury Secretary Scott Bessent speaking with CNBC on Aug. 4th, 2026. CNBC The U.S. will be applying economic measures “that have never been seen on Iran,” according to Treasury Secretary Scott Bessent. “It will be a combination of economic isolation like the world has never seen before, and the continued blockade in the Strait of…
A woman and a child walk past Iranian-made Zolfaghar missiles displayed at Azadi Square in Tehran on July 24, 2026. Afp | Getty Images Iran is set to join the BRICS New Development Bank, the country’s central bank chief said Thursday, as Tehran seeks to shore up its economic alliances almost six months into its…
This handout satellite image taken and released by Vantor on August 12, 2026, shows heavily damaged ships at the Black Sea port naval base of Novorossiysk in Russia, following Ukrainian strikes. – | Afp | Getty Images Ukraine has launched a heavy assault on warships and major Russian grain export terminals in the Black Sea…
