Iran conflict continues to drive up prices at the pump
The conflict with Iran continues to drive up prices at the pump.
Iran
Tensions flare near Strait of Hormuz as a ship is seized and another is sunk
A ship anchored off the United Arab Emirates was seized and taken toward Iran and another — a cargo ship near Oman — sank after being attacked, authorities said Thursday, as tensions escalated near the Strait of Hormuz.
Producer prices shot up 6%, adding to pressure on companies to raise prices for customers
U.S. wholesale inflation came in hot last month. Producer prices rose 6% from a year earlier, the highest point in more than three years, as the Iran war pushes up energy prices and intensifies pressure on companies to pass along their rising costs to consumers.
US consumer prices jump as Iran war sends energy prices rapidly higher
U.S. consumer prices climbed sharply again last month as the 10-week war with Iran pushed energy prices higher.
US standoff with Iran deepens and strait remains closed after Trump rejects latest proposal
The United States and Iran were in a deepening standoff Monday after U.S. President Donald Trump rejected Tehran’s latest offer to end the war. Officials said the proposal included some concessions on its disputed nuclear program.
US fires on and disables 2 more Iranian tankers as tensions rise in the Strait of Hormuz
U.S. forces fired on and disabled two Iranian oil tankers on Friday after exchanging fire with Iranian forces in the Strait of Hormuz overnight. The United Arab Emirates, meanwhile, reported another Iranian missile and drone attack.
Iran reviewing US proposal as Trump pressures Tehran for agreement on deal to end war
Iran said it was reviewing the latest American proposals to end the war after U.S. President Donald Trump threatened the country with a new wave of bombing unless a deal is reached that includes reopening the crucial Strait of Hormuz to international shipping.
US fires on Iranian oil tanker as Trump pressures Tehran for deal to end war
The U.S. military fired on an Iranian oil tanker Wednesday as President Donald Trump sought to pressure Tehran into reaching a deal to end the war.
US and Iran appear to move closer to ending their war as Trump threatens more bombing
The United States and Iran appeared to be moving closer Wednesday to an initial agreement to end the war, as U.S. President Trump sought to pressure Tehran with threats of a new wave of bombing if a deal is not reached.
US military leaders say ceasefire with Iran holding despite attacks in the Strait of Hormuz
U.S. military leaders said Tuesday that a ceasefire with Iran remains in effect a day after Tehran was blamed for new attacks in the Strait of Hormuz and against the United Arab Emirates.
