Iran reopens Strait of Hormuz, Trump says US blockade will remain
Iran said it fully reopened the Strait of Hormuz to commercial vessels, but President Donald Trump said the…
Oil prices fall sharply as Iran reopens the Strait of Hormuz
A steep drop yanked oil prices back to where they were in the early days of the Iran…
War inflation shows its teeth
The rise in diesel fuel was very large, at 24.1%, in gasoline, 11.4% and in other fuels, 19.8%.…
Iran war’s big winners: Wall Street, weapons firms, AI and green energy | Business and Economy News
The International Monetary Fund has downgraded its global growth forecast for 2026 from 3.3 to 3.1 percent, citing…
Middle East faces one of sharpest downgrades since global financial crisis, IMF warns
The Middle East’s economic outlook has sharply deteriorated following the outbreak of the Iran war, with the International…
‘They were not there’: Trump blasts Australia again
US President Donald Trump has singled out Australia again for not supplying military assistance in its war against…
Israel’s Netanyahu says he agrees to a 10-day ceasefire in Lebanon
US President Donald Trump announced overnight that Israel and Lebanon had agreed to a 10-day ceasefire, a truce…
US ramps up scope of Iran blockade to target ships ‘regardless of location’
The US military has widened its efforts beyond the blockade of Iran’s ports to allow its forces around…
Canton Fair under Middle East cloud, but sets records, as high costs hit China’s exporters
Rising tensions in the Middle East cast a fresh shadow over the opening of China’s largest trade fair,…
US military says Iran blockade is in force, hopes for renewed talks
Hopes rose for renewed talks between the United States and Iran on Wednesday, as the US military said…
Trump posts new Jesus image as Pope doubles down on peace message
Pope Leo XIV on Thursday doubled down as US President Donald Trump’s criticism showed no sign of letting…
Albanese government’s frustration rises alongside fuel prices and inflation
Fuel prices and inflation aren’t the only metrics climbing as the Strait of Hormuz remains shut. The Albanese…