Iran Says It Seized Two Ships Near the Strait of Hormuz
A British naval agency said the two vessels had come under attack near the strait, as a U.S. blockade on Iran’s ports continued.
A British naval agency said the two vessels had come under attack near the strait, as a U.S. blockade on Iran’s ports continued.
The United States has halted dollar shipments to Iraq’s cash-based economy in an effort to force the Baghdad government to distance itself from Iran. The money comes from Iraq’s oil revenues.
The Treasury secretary said that currency swap line would benefit both the United Arab Emirates and the United States.
Iran’s leaders believe that they can withstand an enduring standoff longer than President Trump. The strategy could be economically devastating for average Iranians.
The energy industry is planning for a future where the choke point on Iran’s southern coast is a lot less important.
A decade after Mohammed bin Salman unveiled his “Vision 2030” program to transform the country’s economy, the kingdom is facing financial strains and reassessing its trajectory.
Secretary of Energy Chris Wright’s acknowledgment in a TV interview undercut President Trump’s earlier claim that price increases would be “short-term.”
Iran’s government could emerge from the conflict with a blueprint to keep adversaries at bay, regardless of any restrictions on its nuclear program.
Analysts said energy and shipping companies would be reluctant to fully restore operations until they were confident that hostilities were over.
The Trump administration has loosened restrictions on Russian oil exports since the war in the Middle East began to rattle energy markets in March.