Donald Trump

Trump delays energy strikes, but Iran's infrastructure is already battered

US and Israeli attacks on power plants and other civilian infrastructure risk escalating the conflict across the region, and angering Iranians who oppose the government

Saudi Arabia, UAE take steps toward joining Iran war amid escalation

Saudi Arabia agreed to give the US military access to King Fahd Air Base, an apparent reversal after saying its bases couldn't be used to attack its longtime rival

Trump admin to pay French firm $1 billion to exit US offshore wind leases

The Trump administration will pay USD 1 billion to a French company to walk away from two US offshore wind leases as the administration ramps up its campaign against offshore wind and other renewable energy. TotalEnergies has agreed to what's essentially a refund of its leases for projects off the coasts of North Carolina and New York, and will invest the money in fossil fuel projects instead, the Department of Interior announced Monday. President Donald Trump's administration has tried to halt offshore wind construction, but federal judges repeatedly overturned those orders. The Interior Department hailed the "innovative agreement" with the French energy giant and said, "the American people will no longer pay for ideological subsidies that benefited only the unreliable and costly offshore wind industry". Environmental groups denounced the deal as an alternate way to block wind projects, with one group calling it a "billion-dollar bribe" to kill clean energy. "After losing again a

Bond yields trim losses after Donald Trump's signal on Iran pause

Rupee hits fresh low, nears $94 a $

West Asia conflict: Trump pauses strikes on Iran's energy infrastructure

Iran's foreign ministry spokesperson said there were no talks with US and that stance on the Strait of Hormuz, as well as conditions to end the war, did not change

Oil prices not high enough to cause demand destruction: US energy chief

Oil prices have climbed to multi-year highs and fuel prices in the US are sur- ging, creating potential trouble for President Donald Trump's Republican party ahead of the mid-term elections

Oil prices plunge; two Indian LPG tankers cross Strait of Hormuz

Oil prices dropped sharply after Trump paused Iran strikes, while Indian LPG tankers crossed the Strait of Hormuz amid supply concerns and disruptions in West Asia

Wall Street jumps after Trump delays Iran strikes; oil falls, dollar dips

Global markets staged a sharp recovery after Trump's comments, with Europe's STOXX 600 and precious metals edging up while oil prices fell, signaling improving risk appetite

Trump admin asks Supreme Court to halt DOGE probe, block records access

The justices intervened in the same case last year in favor of the administration, halting CREW's fact-finding push

US halts strikes on Iran's power plants; retreated after warning, says Iran

Citing progress in talks with Iran, US President Donald Trump said he has directed a five-day halt to planned military strikes on Iranian energy infrastructure

Oil prices drop, dollar weakens: Top 5 developments after Trump's big move

Since Trump's claim of "productive" talks, global markets and geopolitical signals have shifted sharply

Oil plunges after Trump postpones strikes on Iranian power plants

Prices gradually pared some losses after the steep initial slide after Iran's Tasnim news agency reported that no talks were under way between the US and Iran

Trump's 48-hour Iran ultimatum raises risk of reckless escalation

The logic is obvious: Having started the war, Trump can now only win it by continuing until, at a minimum, Iran is unable to endanger tanker traffic through Hormuz

West Asia war updates: Iran warns Hormuz closure if hit; Brent above $112

Iran warned it may close the Strait of Hormuz if its power plants are attacked; oil prices stayed high, with Brent crude trading above $112 per barrel. Here are the top updates at 10 am:

Trump's tariff playbook returns, this time with lawyering not legitimacy

The unusually rapid pace of these 76 inquiries raises concerns over due process, with expectations that responses may align closely with the Trump administration's preferred outcomes

Israel thought it could spur rebellion inside Iran. That hasn't happened

President Trump's hopes that an Israeli plan to ignite an internal uprising against Iran's theocratic government could bring the war to a swift end have so far been dashed

Hormuz open to all except those who 'violate' Iranian soil: Iran President

Pezeshkian says threats will only strengthen Iran's unity, asserts Strait of Hormuz remains open but warns enemies against violating its sovereignty amid rising tensions with the US

Iran's exiled crown prince appeals to US, Israel to 'dismantle' regime

Pahlavi appealed to Trump, Netanyahu to continue targeting the regime while sparing the civilian infrastructure

Trump's changing strategy on Hormuz raises questions about US war readiness

At war with Iran, President Donald Trump is cycling through an increasingly desperate list of options as he searches for a solution to the crisis in the Strait of Hormuz. He is jumping from calls to secure the waterway through diplomatic means to lifting sanctions and now escalating to a direct threat against civilian infrastructure in the Islamic Republic. Trump and his allies insist they were always prepared for Iran to block the strait, yet the Republican president's erratic strategy has fuelled criticism that he is grasping for answers after going to war without a clear exit plan. On Saturday came his latest attempt, via an ultimatum to Iran: Open the strait within 48 hours or the United States will "obliterate" the country's power plants. Trump's aides defended the threat as a hard-edged tactic to press Iran into submission. Opponents framed it as the failings of a president who miscalculated what it would take to get out of a geopolitical mire. "Trump has no plan to reopen t

Iran threatens Hormuz shutdown over Trump's energy strike warning

Trump on Saturday threatened to "obliterate" Iran's power plants if Tehran did not fully reopen the Strait of Hormuz within 48 hours