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Iran denies talks with the US to stop the war as ‘fake news'
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Amid a war with Iran, rising gas prices and a government shutdown, the president detoured on a trip to Memphis to visit the king of rock's mansion.
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Japan, South Korea and Taiwan rely heavily on exports through the Strait of Hormuz.
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President Donald Trump said Monday that the U.S. and Iran had productive talks over the weekend about ending the war.
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Wright's comments Monday come after Trump threatened to bomb Iran's power plants if the Islamic Republic's leaders do not fully open the Strait of Hormuz.
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Germany was supposed to have learned how to protect itself from energy shocks after the Ukraine war. But the Iran war has shown that gaps still exist.
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Iran warned it could start striking power plants across the Gulf region, after President Trump threatened to hit Iran's energy infrastructure unless Tehran opens the Strait of Hormuz when his 48 hour ultimatum expires on Monday.
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Oil prices plummeted as traders weighed a potential end to the war with Iran.
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American and European oil and gas companies are expected to earn a lot more as prices surge but are worried about the future.
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Investors braced for a fourth week of market turmoil caused by the war in the Middle East
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The combat forces would come from a brigade of about 3,000 soldiers capable of deploying anywhere in the world within 18 hours.
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The clock that was ticking toward a dramatic new escalation in the Iran war may now be counting down to a deal that would end it
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The president's announcement sent markets soaring and energy prices diving, as investors bet Iran's blockade of a key shipping chokepoint could soon end.
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After three weeks of relative insulation from the raging U.S.-Israeli war with Iran, the explosive impact from an Iranian ballistic missile delivered a grim wake-up call in Arad, a desert town in southern Israel.
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When Taiwan's President Tsai Ing-wen defied warnings from China to meet with US House Speaker Kevin McCarthy in California earlier this month, Beijing's aggressive military response reverberated around the world.
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