Rupee hits fresh low, nears $94 a $
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 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 dropped sharply after Trump paused Iran strikes, while Indian LPG tankers crossed the Strait of Hormuz amid supply concerns and disruptions in West Asia
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
The justices intervened in the same case last year in favor of the administration, halting CREW's fact-finding push
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
Since Trump's claim of "productive" talks, global markets and geopolitical signals have shifted sharply
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
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
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:
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
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
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
Pahlavi appealed to Trump, Netanyahu to continue targeting the regime while sparing the civilian infrastructure
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
Trump on Saturday threatened to "obliterate" Iran's power plants if Tehran did not fully reopen the Strait of Hormuz within 48 hours
Transportation Security Administration personnel are set to miss a second full paycheck on March 27 amid a partial government shutdown in its 36th day
The US economy was supposed to start the year with a bang, fuelled by an unusually large jump in tax refunds from President Donald Trump's tax cut legislation. Yet spiking gas prices are on track to eat up those refunds, leaving most Americans with little extra to spend. "Next spring is projected to be the largest tax refund season of all time," Trump said in a prime-time speech in December that was intended to address voters' concerns about the economy and stubbornly high prices. But that was before the Iran war, which began Feb. 28. Oil and gas prices have soared since then, with the nationwide average price of gas reaching USD3.94 Sunday, up more than a dollar from just a month earlier. Gas prices are likely to remain elevated for some time, even if the war ends soon, because shipping and production have been disrupted and will take time to recover. Economists now expect slower growth this spring and for the year as a whole, as dollars that are spent on gas are less likely to be
Iran's Parliament Speaker Mohammad Baqer Qalibaf wrote on X that critical infrastructure and energy facilities in West Asia could be "irreversibly destroyed" should Iranian power plants be attacked