US President Donald Trump speaks during a Cabinet meeting at Camp David in Maryland, on July 31, 2026. Aaron Schwartz | AFP | Getty Images President Donald Trump on Friday said the U.S. “has not agreed” to grant Ukraine licenses to produce Patriot missile systems, apparently backtracking on one of Kyiv’s top priorities in its…
Large commercial vessels and a small boat navigate the waters off the southern port city of Bandar Abbas, Iran on June 21, 2026. Anadolu | Anadolu | Getty Images A tanker in the Strait of Hormuz was reported to have been struck by a projectile on Saturday, the latest escalation of tensions between the U.S….
The Treasury Department will oversee Iranian funds when they are released under President Donald Trump‘s interim Iran agreement, Treasury Secretary Scott Bessent said Wednesday on CNBC’s “Squawk Box.” “A very large percentage of it will go to buy U.S. foodstuffs and medicines,” Bessent said, repeating what the president had said about how the unfrozen funds…
Commercial vessels and oil tankers preparing to transit through the Strait of Hormuz, one of the most critical strategic waterways for global trade flows, maintain their wait in the Gulf of Oman, on June 17, 2026. Shady Alassar | Anadolu | Getty Images Oil rose slightly early Tuesday, fluctuating as investors show cautious optimism about…
Vessels at the Strait of Hormuz, as seen from Musandam, Oman, June 15, 2026. Stringer | Reuters Iran declared the Strait of Hormuz closed again on Saturday and warned vessels to stay away from the critical shipping route, but the U.S. denied those claims, stating the waterway remained open. Tensions between the two countries escalated…
Senate Majority Leader John Thune, a Republican from South Dakota, during a news conference following the weekly Senate Republican policy luncheon at the US Capitol in Washington, DC, US, on Tuesday, June 9, 2026. Elizabeth Frantz | Bloomberg | Getty Images Bill Pulte, President Donald Trump‘s controversial pick serve as acting director of National Intelligence,…
A newspaper featuring the headline story on indirect negotiations between Iran and the United States in Muscat, Oman, is displayed at a newsstand in Tehran, Iran, on April 12, 2025. Fatemeh Bahrami | Anadolu | Getty Images News that the U.S. and Iran had reached an interim deal may have brought some initial relief to…
Oil was in choppy trade on Friday, as markets assess the implications of the interim U.S.-Iran deal and signs that shipping activity through the Strait of Hormuz is recovering. International benchmark Brent crude futures for August fell 0.45% to $79.49 a barrel. U.S. West Texas Intermediate futures for July declined 0.31% to $76.36 per barrel. Stock Chart IconStock chart icon Vice…
Three supertankers from Saudi Arabia loaded with 6 million barrels of oil have crossed the Strait of Hormuz, according to data from the global trade intelligence firm Kpler. The Saudi tankers switched their transponders on Thursday in the Gulf of Oman after hiding their location for more than two months. The crossings come after President…
US Vice President JD Vance speaks during a press briefing in the Brady Briefing Room of the White House in Washington, DC, on June 18, 2026. Ken Cedeno | AFP | Getty Images Vice President JD Vance defended President Donald Trump’s interim peace deal on Thursday, insisting the United States is not paying the Islamic…
