Iran conflict continues to drive up prices at the pump
The conflict with Iran continues to drive up prices at the pump.
President Donald Trump will meet with his Cabinet on Wednesday at a precarious moment for talks aimed at ending the war with Iran, just days after insisting that his administration and Tehran had “largely negotiated” a settlement but with the negotiations still in a state of flux.
The conflict with Iran continues to drive up prices at the pump.
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.
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.
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.
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.
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.
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.
Gas prices have jumped to their highest level since August of 2022.
Iran fired on three ships in the Strait of Hormuz and seized two of them on Wednesday, intensifying its assault on shipping in the key waterway a day after U.S. President Donald Trump extended a ceasefire while maintaining an American blockade of Iranian ports.