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The U.S. strikes on Kharg Island and Trump's threat to hit Iran's oil infrastructure mark a major escalation in the war, according to JPMorgan.
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President Trump's war in Iran has raised some costs just as many Americans are starting to see savings from last year's tax cuts.
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What did the academy get right? Wrong? What was just weird? Three culture fans discuss Hollywood's biggest night.
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The port of Fujairah plays a crucial role in helping keep global supplies moving when the Strait of Hormuz is blocked.
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The 39-year-old has spent more than two decades acting and picked up the award for best actor at the Oscars.
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The statistics bureau said that China's energy supply is "relatively strong," while announcing an uptick in domestic production.
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Here's what happened inside the winners room and other insights from the biggest night in Hollywood.
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;Resize=(620)) In what felt like one of the most unpredictable Academy Awards in history, the eventual winners were, surprisingly, more or less what was expected.
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U.S. allies and rivals responded cautiously after President Donald Trump said they should police the Strait of Hormuz, as Iranian threats to strike shipping on the vital trade route continue to cause chaos in global markets."Many countries, especially those who are affected by Iran's attempted closure of the Hormuz Strait, will be sending War Ships" to secure the shipping route, he posted Saturday on Truth Social, listing China, France, Japan, South Korea, the U.K. and "others" among t
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Energy Secretary Chris Wright said the Strait of Hormuz, a critical passageway for oil shipments, remained unsafe for tankers. Iran has been firing projectiles and laying mines.
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President Trump has urged China, Britain, France, Japan and South Korea to send warships to help reopen the waterway, even though they were not involved in the U.S.-Israeli attack on Iran.
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The Persian Gulf island, targeted by U.S. strikes, is home to Iran's main oil export terminal. Any disruption could jolt global energy markets.
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