The United States and Iran signalled that an agreement to end their conflict was nearing completion, while Pakistan said a final peace text had been agreed
Expectations that an agreement between the US and Iran may help reopen the strait sent oil prices tumbling
Three vessels with Indian crew came under attack off the Oman coast this week. One of them resulted in the death of three Indian seafarers on Wednesday
A likely Modi-Trump meeting at the G7 will test efforts to repair India-US ties strained by trade disputes, Pakistan tensions and the Iran conflict
A US-Iran memorandum to halt the Gulf conflict could be signed in Geneva on Sunday, though key terms remain under negotiation and Iran says no final decision has been made
While the global setup has turned positive, analysts suggest investors remain watchful of profit booking at higher levels after the recent volatility.
The island handles the vast majority of the country's oil exports and represents perhaps the most direct way to squeeze the Tehran regime economically and deprive it of a critical source of revenue
At issue are 10% worldwide tariffs US President imposed after the Supreme Court in February struck down even broader double-digit tariffs Trump had imposed last year on almost every country on Earth
Iran's Foreign Ministry spokesperson Esmail Baghaei stressed that Iran had 'proven that it does not compromise on what it has defined as its red lines'
Trump faced intense pushback over his decision to name Bill Pulte, head of the Federal Housing Finance Agency, as acting director
Trump said the agreement would ensure Iran never obtains a nuclear weapon, which he described as the central objective of the administration's pressure campaign against Tehran
Trump has said multiple times in recent weeks that the warring parties have been on the cusp of a deal without anything coming to fruition
Trump said the US will attack Iran again with intensified strikes on Thursday night but he would rather not hit bridges and power plants
The president's top advisers gathered in a series of Situation Room meetings as they struggled to contain a scandal engulfing Donald Trump himself
Gates said he was introduced to Epstein through people involved in his professional work and was drawn in by Epstein's claims that he could help raise billions of dollars for global health initiatives
Just 49 per cent of the companies surveyed by the US-China Business Council said they planned to invest in the Asian country this year, up one percentage point from a record low last year
It was an unexpected take given that voters ahead of the November midterm elections have ranked the economy as a top concern -- and have given Trump low marks on that issue
EU Commission Prez von der Leyen, Italian PM Meloni, Germany's Friedrich Merz, Israeli PM Netanyahu, Canadian PM Carney and former UK PM Rishi Sunak were among leaders who extended their greetings
Trump has urged Iran to sign a deal to end the war and suggested earlier this week that an agreement could be reached in a matter of days
Earlier, Trump said that the United States would resume attacks on Iran, as he voiced frustration over Tehran's delays in concluding the deal with Washington