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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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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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Nothing was disclosed about the peace plan, and there were conflicting signals from the Iranians about how seriously they were taking it.
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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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Germany's largest airline, Lufthansa, is taking on additional fuel costs as the Middle East conflict poses 'enormous challenges.'
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Commerce Secretary Howard Lutnick testified behind closed doors Wednesday before the House Oversight Committee about his relationship with Jeffrey Epstein.
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European stocks soared on Wednesday as traders responded to reports that the U.S. and Iran are close to an agreement that will bring an end to the war.
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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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China called for a "prompt resumption of shipping traffic through the Strait of Hormuz," though that point was absent in Iran's statement.
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Michael Marx, a 45-year-old Texan, is accused of shooting at Secret Service agents by the Washington Monument on Monday.
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