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President Trump said he was optimistic about a deal with Iran, sending stocks soaring and oil prices plummeting. NBC News' Garrett Haake reports.
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WASHINGTON — President Donald Trump's abrupt reversal on his plan to help ships go through the Strait of Hormuz came after a key Gulf ally suspended the U.S. military's ability to use its bases and airspace to carry out the operation, according to two U.S. officials.
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Oil executives have warned that the supply disruption in the Middle East will soon cause actual fuel shortages in some parts of the world.
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The White House reportedly believes it could be closing in on a 14-point memorandum of understanding with Iran.
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People in at least three states are being monitored after being on the ship. None have shown symptoms, officials said.
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Oil prices rose Thursday, as investors continue to assess the latest developments in the Middle East amid concerns over renewed tensions between Iran and the U.S.
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Trump calls off an effort to take control of Strait of Hormuz from Iran, citing progress on talks, but the blockade remains.
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They do not have symptoms and health officials say the risk to the general public remains very low.
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As talks continue and proposals are exchanged, Washington and Tehran still disagree on what has been agreed.
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Lutnick said last year that he cut ties with Epstein, his former neighbor, in 2005. But the Epstein files indicate that the two kept in contact, including for a 2012 lunch on Epstein's private island.
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The feud has fuelled a costly showdown between two tech titans.
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The ruling is the latest in a saga driven by President Trump's desire for redemption in the state, which he lost in 2020. The county is likely to appeal.
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Luis Enrique's expertise at rebuilding a culture as well as a football team means Arsenal will confront the complete package when they meet holders Paris St-Germain in the Champions League final.
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The total number of hantavirus cases in the suspected outbreak aboard the cruise ship MV Hondius has risen to five, according to the World Health Organization.
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Looking back at the 1994 World Cup in the U.S. and its lasting influence on American soccer.
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Asia-Pacific markets jumped, shrugging off renewed tensions in the Middle East.
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The man sued his tour operator for allowing people to reserve sun loungers with towels despite a hotel ban on the practice.
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The chief executive, Dario Amodei, said the rapid growth had exponentially increased the start-up's need for more computing power.
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The road crossing is the latest sign of the deepening relationship between Pyongyang and Moscow.
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At Anthropic's developer conference in San Francisco, CEO Dario Amodei said the company is 'working as quickly as possible' to provide additional compute.
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Low approval ratings? MAGA divisions? The president was able to turn out party loyalists in an Indiana primary to help him oust Republican state lawmakers who had crossed him.
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Japan's PM is pushing to revise country's pacifist constitution - and it's causing controversy.
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The airstrike on the Haret Hreik neighborhood targeted the leader of the Radwan forces, Hezbollah's elite and battle-hardened fighting unit, Israeli authorities said.
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Apollo CEO Marc Rowan warned that markets face an elevated risk of unexpected shocks, saying he is positioning the firm defensively for an expected correction.
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;Resize=(620)) Russia fired dozens of drones at Ukraine in nighttime attacks, Ukrainian officials said Wednesday, disregarding a unilateral ceasefire announced by Kyiv that began at midnight.
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There are signs of fresh momentum to end the war, but Trump himself has injected a note of caution.
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Oil prices fell and stocks rose after President Trump's about-face to pause the U.S. operation to escort commercial ships through the Strait of Hormuz
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;Resize=(620)) Oil prices fell under $100 US following pleas for peace in the Middle East by China's foreign minister, before rising a bit again. Markets in Europe and Asia soared at the same time, as did futures for major Wall Street indexes.
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While passengers onboard the MV Hondius say the situation is calm, they face days at sea as officials warn the disease may have spread.
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Filming is scheduled for autumn later this year and will likely adapt the second book in JK Rowling's series, The Chamber of Secrets.
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Shivon Zilis worked closely with Elon Musk while she was on OpenAI's board. Her ties to the world's richest man were detailed in a landmark trial on Wednesday.
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The polls on Thursday will be the biggest test of public opinion since the general election in 2024.
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The commerce secretary appeared for hours in a closed-door session on Wednesday with the House Oversight Committee
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Also, Ted Turner died at 87. Here's the latest at the end of Wednesday.
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Harry Kane's injury-time equaliser earns Bayern Munich a 1-1 second leg draw at the Allianz Arena as holders PSG seal their return to the Champions League final 6-5 on aggregate, where they will meet Arsenal in Budapest.
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Campaigners say Australia is giving away its gas 'for free' and should tax exports like Norway and Qatar.
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Tehran says it can endure the pain, but its oil may soon have nowhere to go.
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The Andes strain of the virus has been confirmed in some passengers, which can rarely be passed from person to person.
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