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Kevin M. Warsh, at his confirmation hearing to lead the Federal Reserve, sought to dispel doubts that he would yield to President Trump's demand for lower rates.
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The attacks come shortly after President Donald Trump said the U.S. would extend the ceasefire with Iran to allow peace talks to continue.
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Hours after President Trump extended a cease-fire, Tehran appeared to be exerting its authority in the contested waters near the strait.
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Prospects for further negotiations remain uncertain, with Tehran and Washington offering conflicting signals on the ceasefire's status.
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Oil prices were volatile on Wednesday as uncertainty lingered over the trajectory of the U.S.-Iran conflict.
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Three vessels came under fire in the Strait of Hormuz, after the U.S. and Iran failed to meet in Pakistan for talks to end the war and as President Trump extended the ceasefire but kept the blockade.
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Iran's leaders believe that they can withstand an enduring standoff longer than President Trump. The strategy could be economically devastating for average Iranians.
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The president is one of a kind.
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The Trump administration is preparing to rescue ailing budget carrier Spirit Airlines.
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US President Donald Trump said he will extend a ceasefire with Iran until peace talks have progressed.
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;Resize=(620)) April 21, 2026 | New witness video shows tourists taking cover and being held at gunpoint at Mexico's Teotihuacán pyramids. U.S. President Donald Trump says he's extending the ceasefire with Iran so talks can progress. And, Drake's promotional stunt causes crowd chaos in downtown Toronto.
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President Donald Trump accused Iran of violating the ceasefire, while U.S. forces boarded another ship the Defense Department said had been providing material support to Iran.
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President Trump says he does not want to extend the ceasefire between the U.S. and Iran as the clock ticks down on the deadline.
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Apple CEO Tim Cook's move to executive chair spurred commentary from tech leaders Sam Altman and Palmer Luckey, as well as Warren Buffett.
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The blockade could derail a tenuous ceasefire after just five days. Vice President JD Vance said the U.S. remains open to diplomacy if Iran takes "our final and best offer."
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