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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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Emmanuel Macron, the French president, hopes the Strait of Hormuz can reopen even before the U.S.-Iran war formally ends. His plan has many pitfalls.
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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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Japan's PM is pushing to revise country's pacifist constitution - and it's causing controversy.
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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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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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Reports have raised hopes of an agreement between the US and Iran after days of escalation.
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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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The commerce secretary appeared for hours in a closed-door session on Wednesday with the House Oversight Committee
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