Jul 14 Watch 7:42 Middle East experts assess latest escalation in U.S.-Iran conflict By Nick Schifrin, Eliot Barnhart, Unda Dittaboot As the U.S. and Iran battle for control of the Strait of Hormuz, Nick Schifrin discusses the latest developments with Alan Eyre and Miad Maleki. Eyre was part of the Obama administration's negotiating team for the Iran nuclear deal and… Continue watching
Jul 14 WATCH: Senate Democrats block $1 trillion annual defense bill in protest over Iran war By Lisa Mascaro, Associated Press Senate Democratic Leader Chuck Schumer announced his opposition and other key Democrats said they could not support the annual bill, known as the National Defense Authorization Act, as President Donald Trump's war against Iran drags into a fifth month with no clear endgame… Continue reading
Jul 14 WATCH: Trump says he's reversing course on Strait of Hormuz fees because Gulf states will invest in U.S. By Associated Press The president explained his thinking in backing away from a 20% toll on cargo passing through the Strait of Hormuz, saying he was called by “kings and emirs” and other leaders who suggested an alternate arrangement. Continue reading
Jul 14 U.S. launches additional strikes on Iran ahead of restoring blockade, official says By Jon Gambrell, Collin Binkley, Josh Boak, Associated Press The U.S. carried out another wave of strikes ahead of its planned reimposition of a blockade on Iran's ports, a U.S. official told The Associated Press on condition of anonymity to discuss a sensitive military operation. Continue reading
Jul 14 Why it's so difficult for the U.S. to fully reopen the Strait of Hormuz By Ben Finley, Farnoush Amiri, Konstantin Toropin, Associated Press Commercial vessels have been avoiding traditional routes through the strait out of fear of Iranian mines. Continue reading
Jul 14 Inflation cools more than expected in June as gas costs fall and underlying prices ease By Christopher Rugaber, Associated Press Tuesday's report likely reduces pressure on the Fed to boost its short-term interest rate to combat inflation. Continue reading
Jul 14 Trump backs away from plans to charge fees in the Strait of Hormuz By Jon Gambrell, Associated Press President Donald Trump on Tuesday announced a reversal of plans to charge a 20% toll on cargo going through the Strait of Hormuz, saying that Middle Eastern countries will instead make investment and trade deals with the U.S. Continue reading
Jul 13 Watch 7:37 Trump says U.S. 'taking over the strait' as conflict with Iran reignites By Liz Landers, Eliot Barnhart, Dan Sagalyn The U.S. is striking Iran for the third consecutive night and Iran said it fired a missile at a U.S. Navy ship. The attacks come after President Trump told Congress that the U.S. and Iran have resumed fighting. He also… Continue watching
Jul 13 Iran attacks on tankers in Strait of Hormuz kill and injure crewmembers, UAE says By Jon Gambrell, Josh Boak, Konstantin Toropin, Will Weissert, Associated Press The United Arab Emirates said that Iran attacked two tankers in the Strait of Hormuz, killing one mariner and wounding eight others. The Emirati Defense Ministry said Iran launched two cruise missiles at the tankers. Continue reading
Jul 12 U.S. launches more strikes on Iran as the standoff over the Strait of Hormuz escalates By Jon Gambrell, Will Weissert, Associated Press Iran’s state-run IRNA news agency cited the governor of Qeshm island near the strait as saying projectiles had been fired at military targets, with no casualties. Continue reading