USA

Oil Rises, Stocks Mixed on U.S.-Iran Deadlock

Global stock markets diverged while oil prices rose on Monday after U.S. President Donald Trump rejected Iran's terms for ending the war in the Middle East. Wall Street's three main indices moved in mixed directions as trading got underway, with the Dow edging higher while the broader S&P 500 and tech-heavy Nasdaq Composite both dipped. In ...

Iran Hangs Man Accused of Passing Info to CIA, Mossad

Iran said Monday it had hanged a man convicted of spying for Israel and the United States, the latest in a wave of executions during the war with the two foes. "Erfan Shakourzadeh... was hanged for collaborating with the US intelligence service and the Mossad spy service," the judiciary's Mizan Online website said. It did not ...

Ship Struck by Projectile Off Coast of Qatar: Maritime Agency

An unknown projectile struck a ship off the coast of Qatar early Sunday morning, a UK maritime agency reported, after Iran's Islamic Revolutionary Guards threatened to target U.S. vessels in the region. The United Kingdom Maritime Trade Operations center said a bulk carrier had reported being hit 23 nautical miles northeast of Doha by an "unknown ...

Iran Army Says Countries Siding with U.S. to 'Face Difficulties' in Hormuz

Iran's army warned on Sunday that countries complying with U.S. sanctions against the Islamic Republic would face difficulties crossing the Strait of Hormuz. Early this month, the U.S. government imposed new sanctions on Iranian interests and warned ships against paying authorities in Tehran to pass through the strait. The United States and ...

Oil Giant Saudi Aramco Says Quarterly Profits Up as Crude Prices Surge

Saudi oil giant Aramco said Sunday its net profit rose by 25.5 percent in the first quarter compared to the same period last year, after the Middle East war sent oil and gas prices soaring. The result comes as uncertainty plagues global markets over the conflict's trajectory, with Iran restricting the passage of hydrocarbons through the strategic ...

Trump Says Iran Still Wants a Deal as U.S. Awaits Tehran’s Response

U.S. President Donald Trump said Saturday that Iran still appears eager to reach an agreement with Washington, adding that the United States expects Tehran’s response to the latest American proposal “very soon” while military and economic pressure on the Islamic Republic continues to intensify. According to remarks cited by ...

Iran Keeps U.S. Waiting for Response on Peace Plan

Iran questioned the seriousness of American diplomacy on Saturday in the wake of renewed naval clashes in the Gulf, while keeping Washington waiting for a response to its latest negotiating position. U.S. President Donald Trump had said on Friday that he was expecting Iran's response to Washington's latest proposal for a deal to extend a fragile ...

CENTCOM says U.S. Forces Disabled Iranian-Flagged Tankers in Gulf of Oman Blockade Enforcement

U.S. Central Command (CENTCOM) announced U.S. forces disabled multiple Iranian-flagged oil tankers this week as part of ongoing blockade enforcement measures aimed at preventing vessels from entering Iranian ports via the Gulf of Oman. In a statement, CENTCOM said the operation targeted the M/T Sea Star III and M/T Sevda on May 8, as both vessels ...

Saudi Bases Open to U.S. Despite Hormuz Operation Disagreement

U.S. forces have access to Saudi airspace and bases despite being told not to use them for the now suspended operation to reopen the Strait of Hormuz, two Saudi sources told AFP on Friday. Earlier this week, U.S. President Donald Trump announced a pause in the two-day-old "Project Freedom" to guide ships through the Strait after a flare-up with ...

Iranian Attacks on UAE Continue Amid Hormuz Crisis

The United Arab Emirates said Friday that Iranian missile and drone attacks targeting the country injured three people, marking another serious escalation despite the ceasefire that took effect last month between Iran, the United States, and Israel. In a statement posted on X, the UAE Ministry of Defense said its air defense systems intercepted ...

Iran Creates Agency to Collect Strait of Hormuz Tolls: Shipping Journal

Iran has created an authority to approve transit through the Strait of Hormuz and to collect tolls from vessels, a shipping journal said Friday, even as Washington pushed for a deal to reopen the strategic waterway that Tehran has closed. "The Persian Gulf Strait Authority has already introduced a new framework requiring ships to obtain transit ...