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
Jul 09 Watch 4:42 Renewed U.S.-Iran fighting threatens shipping and hopes of ending war By Liz Landers, Daniel Okay, Dan Sagalyn The U.S.-Iran ceasefire is on the brink after another exchange of fire. Wednesday night, U.S. Central Command said it completed a new round of strikes against Iran. Neither side appears ready to return to talks, and Iran has not said… Continue watching
Jul 09 U.S. and Iran exchange intensifying fire across the Mideast, threatening the interim deal to end war By Jon Gambrell, Associated Press Back-and-forth attacks, including a day earlier, have repeatedly threatened the ceasefire. But Thursday’s appeared bigger all around, with sirens sounding at least three times in Bahrain, home to the U.S. Navy’s 5th Fleet headquarters, and missiles targeting Kuwait and Qatar. Continue reading
Jul 08 World economy expected to grow sluggish 3% this year, IMF says By Paul Wiseman, Associated Press The IMF forecasts assume that the Strait of Hormuz reopens later this month — even though U.S. strikes on Iran resumed and President Donald Trump declared Wednesday that a ceasefire with Iran was over. Continue reading
Jul 07 Watch 4:43 U.S. launches new strikes on Iran after attacks on tankers in Strait of Hormuz By Geoff Bennett, Zeba Warsi The U.S. military launched new strikes against Iran in response to Iranian attacks on three commercial vessels that were transiting the Strait of Hormuz. The Trump administration also revoked a key waiver that allowed the sale of Iranian oil. Geoff… Continue watching
Jul 07 U.S. launches strikes against Iran after ships hit in Strait of Hormuz By Associated Press The American military strikes against Iran are expected to go on for hours and strike a variety of military sites and port facilities, U.S. officials said. Continue reading