Strait of Hormuz

U.S. Central Command disabled a fifth commercial vessel Friday, firing a Hellfire missile into the engine room of a Gambian-flagged ship defying the U.S. naval blockade of the Strait of Hormuz. Blockade Tightens The vessel, M/V Lian Star, ignored more than 20 warnings while transiting toward an...

President Donald Trump called Iran “very good negotiators” even as Vice President JD Vance confirmed nuclear enrichment remains the key sticking point in an emerging deal expected to be announced soon. “They’re very good negotiators, they’re crafty, but in the end we...

The economic fallout from the Strait of Hormuz disruption continues to hit the U.S. economy, driving inflation higher and slowing growth as Wall Street questions whether the Federal Reserve’s next move is up, not down. American consumers are paying the most for goods and services in nearly...

U.S. stocks hit record highs Thursday after reports that Washington and Tehran agreed to a 60-day ceasefire extension and phased resumption of Strait of Hormuz tanker traffic. The S&P 500 advanced 0.5% to a record 7,557.85, while the Dow Jones Industrial Average added 32 points, or 0.1%, to 50...

The Treasury Department has enforced sanctions on the Persian Gulf Strait Authority (PGSA) of Iran, the body that manages the operations of the Strait of Hormuz. The Department emphasized that the Strait Authority is a key player in an Iranian-controlled scheme that flagrantly violates...

A record wave of artificial intelligence-driven earnings growth is convincing Goldman Sachs that U.S. stocks still have room to run. In a note published Tuesday, Goldman Sachs analysts led by Ben Snider raised their year-end target for the S&P 500 from 7,600 to 8,000. This implies a 6% upside...

The Islamic Revolutionary Guard Corps (IRGC) reportedly shot down a U.S. military drone entering its airspace on Tuesday as tensions escalate between Washington and Tehran. IRGC Shoots Drone The IRGC downed an MQ-9 drone after identifying the "hostile aircraft" entering its airspace, according to a...

The reopening of the Strait of Hormuz is key to crude oil prices, as the waterway, which is 24 miles wide at its narrowest point, is responsible for over a fifth of the global crude oil supply chain. Here’s when the Strait would reopen, according to bettors on Polymarket and Kalshi....

As talks of a deal between Washington and Tehran gained steam over the weekend, GasBuddy analyst Patrick De Haan opined on Sunday about how gas prices will fall. Gas Prices To Plummet De Haan took to X, quoting a post by a user who predicted that gas prices would fall in the coming days following...

Leading cryptocurrencies paused gains, while stock futures surged on Sunday after President Donald Trump urged officials not to rush into a deal with Iran. Cryptocurrency 24-Hour Gains +/- Price (Recorded at 9:20 p.m. EDT) Bitcoin (CRYPTO: BTC) +0.47% $77,121.91 Ethereum (CRYPTO: ETH)...

As the week wraps up, here’s a quick look at some of the top stories that made headlines over the past few days. Scaramucci Blames US For China’s Superpower Status Anthony Scaramucci, the founder of SkyBridge Capital, criticized the U.S. for its decision to grant China permanent...

It’s been a rollercoaster of a week in the world of politics. From nuclear deals to drone strikes, here’s a quick recap of the week’s top stories. Trump Nears Iran Nuclear Deal Iran has reportedly agreed to surrender its stockpile of enriched uranium as part of a potential nuclear...

Iran has tentatively agreed to relinquish its stockpile of highly enriched uranium as a key condition of an emerging nuclear agreement with the United States. The New York Times reported this Saturday, citing two U.S. officials. Tehran’s Commitment Earlier that day, President Donald Trump...

On Saturday, President Donald Trump said that the United States, Iran and several Middle Eastern nations are nearing a broad peace agreement that could reopen the strategically vital Strait of Hormuz. Trump Signals Iran Peace Breakthrough In a post on Truth Social, Trump said he spoke from the Oval...

Sen. Tom Cotton (R., Ark.) is urging Treasury Secretary Scott Bessent to sanction any country or entity enabling or facilitating Iran’s new Strait of Hormuz toll system, including Oman, a major U.S. ally involved in helping Iran establish it. Sanctions Push Targets Iran-Backed Strait...