Apr 28 Watch 6:41 How the UAE's departure from OPEC could impact oil markets By Amna Nawaz, Veronica Vela There seems to be little movement on the resumption of talks between the U.S. and Iran. There is also almost no movement through the Strait of Hormuz, the vital bottleneck that's essentially cut off 20% of the world's oil and… Continue watching
Apr 27 Watch 4:34 U.S.-Iran talks at impasse over nuclear program and Strait of Hormuz By Nick Schifrin, Veronica Vela The U.S. said it's discussing a new Iranian proposal to reopen the Strait of Hormuz but pause all negotiations over Iran’s nuclear program. Meanwhile, Lebanon marked the deadliest day since the fraying ceasefire in that country went into effect as… Continue watching
Apr 27 Here's what to know about ceasefire negotiations between the U.S. and Iran By Jon Gambrell, Associated Press The continued closure of the strait has sent gas prices soaring and could cause further damage to the world economy ahead of U.S. midterm elections, while the blockade is strangling Iran's economy. Continue reading
Apr 27 Iran offers to reopen Strait of Hormuz if U.S. lifts its blockade and the war ends, officials say By Samy Magdy, Jon Gambrell, Elena Becatoros, Associated Press President Donald Trump seems unlikely to accept the offer, which was passed to the Americans by Pakistan and would leave unresolved the disagreements that led the U.S. and Israel to go to war on Feb. 28. Continue reading
Apr 25 U.S. says it's clearing Iranian mines in latest push to open the Strait of Hormuz By Ben Finley, Konstantin Toropin, David McHugh, Associated Press Seeking out mines is one of the latest tactics announced by the Trump administration to get traffic moving again through the strait as rising energy prices and wider economic effects pose a political risk. Continue reading
Apr 24 Companies are paying millions to cross Panama Canal during Strait of Hormuz chokehold By Alma Solís, Megan Janetsky, Associated Press Businesses have doled out as much as $4 million for last-minute plans to move boats through the Panama Canal in recent weeks, the Panama Canal Authority says, as Iran war's effective closure of the Strait of Hormuz generates a seismic shift in global trade… Continue reading
Apr 23 Watch 3:32 Trump in no rush to set deadline on Iran ceasefire extension By Stephanie Sy, Winston Wilde Two days after President Trump extended his two-week ceasefire with Iran, the prospect of talks is giving way to more tensions and brinksmanship from both sides. Iran released video of forces taking control of two vessels in the Strait of… Continue watching
Apr 23 Watch 7:24 Israel's UN ambassador says IDF is 'most moral military in the world' By Geoff Bennett, Dan Sagalyn Officials from Israel and Lebanon met in Washington to build on last week’s agreement for a 10-day ceasefire. Both sides pledged to halt offensive operations, while Lebanon committed to taking meaningful steps to prevent Hezbollah from launching attacks on Israel. Continue watching
Apr 23 Trump likes a naval blockade. But Iran presents major differences from Venezuela and Cuba By Ben Finley, David Klepper, Konstantin Toropin, Associated Press Unlike Cuba or Venezuela, Iran choked off a crucial trade route for energy shipments, meaning the longer the standoff persists, the more the global economy will suffer. Continue reading
Apr 23 Trump orders U.S. military to 'shoot and kill' Iranian small boats choking Strait of Hormuz By Jon Gambrell, Jamey Keaten, Associated Press President Donald Trump’s post on social media came shortly after the U.S. military seized another tanker associated with the smuggling of Iranian oil, ratcheting up a standoff with Tehran over the strait through which 20% of all crude oil and… Continue reading