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Stocks Rally, Oil Dives as Trump Says War to End 'Very Soon'

Equities rallied and oil tumbled Wednesday after US President Donald Trump said the Middle East war would be over in up to three weeks and his Iranian counterpart said Tehran had "the necessary will" to bring it to an end. The remarks came as the economic impact of the conflict worsens, with average US gasoline prices topping $4 a gallon for the ...

U.S. Defense Secretary Warns of Intensified Strikes Against Iran

U.S. Secretary of Defense Pete Hegseth held a press conference Tuesday at the Pentagon alongside Gen. Dan Caine, chairman of the Joint Chiefs of Staff, providing an update on the ongoing U.S.-Israeli military operations against Iran. Hegseth described the campaign as a “laser-focused, maximum authority mission” employing overwhelming ...

Leavitt Says U.S. Talks with 'More Rational' Iranians are Ongoing

White House Press Secretary Karoline Leavitt spoke on the status of U.S. operations in Iran in a press conference on Monday She said that talks with Iranians are ongoing and making good progress. Remnants of the regime are inclined to negotiate. The U.S. is currently speaking with “more rational” Iranians to reach an ...

Israel Strikes Tehran as Trump Says Iran Deal May be Reached 'Soon'

Israel said Monday it was striking military targets across Tehran, a day after US President Donald Trump insisted a deal could "soon" be reached, while not ruling out ground operations. Iran also launched fresh strikes on Israel, Kuwait and Saudi Arabia after its electrical facilities came under attack at the weekend, cutting power to parts of ...

Pakistan Hosts Saudi Arabia, Turkey, Egypt for Talks on Mideast War

Pakistan, Saudi Arabia, Egypt and Turkey on Sunday held talks about trying to end the war in the Middle East, as Islamabad acts as a go-between between the United States and Iran. The four-way meeting between the top diplomats of the Muslim nations lasted several hours in the Pakistani capital, Islamabad. Pakistan has emerged as a key facilitator ...

U.S. Weighs Limited Ground Operation in Iran: Report

The United States Department of Defense is preparing potential military options involving limited ground operations in Iran, according to a report by The Washington Post. The plans, which fall short of a full-scale invasion, could involve thousands of troops and last from several weeks to a few months. U.S. officials stated that no decision has ...

Iran Claims Aluminium Plant Attacks in Gulf as Houthis Join War

Iran claimed on Sunday attacks on two major aluminium plants in the Gulf, further raising the economic stakes of the Middle East war after Yemen's Iran-backed Houthis joined the conflict. The war that began on February 28 with US-Israeli attacks on Iran has mushroomed throughout the region, sending world energy markets into a tailspin and ...

Israel Strikes Iranian Energy Infrastructure Before U.S. Diplomacy Deadline

Israel struck infrastructure targets across Iran on Friday, with Iranian officials saying the attacks hit two major steel factories, a power plant and multiple nuclear-linked sites as the campaign widened beyond purely military targets. The IDF claimed credit for the strikes on nuclear related facilities, just days after President Trump extended ...

Iran's Gulf Islands: Are They in Trump's Crosshairs?

Iran has warned the United States about attempting to seize any of its strategic islands in the Gulf -- a move that President Donald Trump is reported to be mulling. AFP looks at potential targets.  Kharg  A strip of scrubland located in the northern Gulf, about 30 kilometres from the coast, Kharg is home to Iran’s largest oil ...

Israel Strikes Key Iranian Naval Facility as U.S. Considers Troop Buildup in Middle East

Israel on Friday struck a key Iranian naval weapons facility, escalating Middle East tensions as the United States weighs a major troop buildup in the region.  The Israeli military announced that it has carried out a major airstrike targeting what it described as Iran’s most central facility for the production of naval missiles and sea ...