WASHINGTON (AP) — Senate Republicans rejected legislation from Democrats on Tuesday that would have required President Donald Trump to end the…
From
To
WASHINGTON (AP) — The U.S. military has boarded another commercial vessel during blockade of Iran's ports, but unlike in previous cases, the s…
Sinking AI stocks and another climb in oil prices helped pull Wall Street off its record heights. The S&P 500 fell 0.5% Tuesday from its latest all-time high. The Dow Jones Industrial Average dipped 0.1%, while the Nasdaq composite fell 0.9% from its own record. Chip companies Nvidia and Broadcom were the heaviest weights on the market. Oil prices rose by more than 2.5% as uncertainty continues about when the Strait of Hormuz could reopen and allow oil tankers to leave the Persian Gulf again. Treasury yields held relatively steady following a surprise increase in confidence among U.S. consumers.
Iran has offered to end its control over the Strait of Hormuz if the U.S. lifts its blockade and ends the war. That's according to regional officials. The proposal that emerged Monday would delay discussions on Iran’s nuclear program. U.S. President Donald Trump seems unlikely to accept the offer, and Secretary of State Marco Rubio appeared to rule out any deal that excludes Iran's nuclear program. The blockade prevents Iran from selling oil, affecting global prices and economies. Trump extended a ceasefire with Iran, but a permanent settlement remains elusive. In other developments, Iranian Foreign Minister Abbas Araghchi met with Russian President Vladimir Putin to discuss the situation.
Iran has offered to end its chokehold on the Strait of Hormuz without addressing its nuclear program. Two officials with knowledge of the proposal said Monday that Iran also wants the United States to ends its blockade of the country as part of its proposal. Oil prices are gaining Monday after negotiations between the U.S. and Iran stalled over the weekend and a standoff in the strait remained despite a ceasefire. Iran’s foreign minister is in Russia Monday to meet President Vladimir Putin as part of a trip that included two stops in Pakistan and a visit to Oman. Pakistan's leaders are working to bridge significant gaps between the two countries to revive the talks.
Iran's foreign minister has briefly visited Islamabad again as Pakistan's leaders work to restart ceasefire talks between Tehran and Washington. But President Donald Trump says the two sides can talk by phone instead. Abbas Araghchi had left Pakistan's capital Saturday but returned to Islamabad before heading on to Moscow on Sunday. The White House had said Friday it would send envoys to Islamabad for a second round of talks, but Trump called off the mission due to a lack of progress. Pakistani officials say indirect talks are still ongoing. The standoff around the Strait of Hormuz does, too. Also on Sunday, oil prices rose when the market opened as traders absorbed the news of the stalled ceasefire talks.
WASHINGTON (AP) — President Donald Trump's administration is placing economic sanctions on a major China-based oil refinery and roughly 40 shi…
HAVANA (AP) — Eduvirgen Zamora hides her hands out of embarrassment these days.
U.S. stocks pulled back from their record heights on a shaky Wall Street. The S&P 500 fell 0.4% Thursday to halt a weekslong rally. The Dow Jones Industrial Average lost 0.4%, and the Nasdaq composite fell 0.9%. Tesla helped drag the market lower on concerns about how much it's spending to build factories. Stocks also took a hit after the price for a barrel of Brent crude to be delivered in June briefly jumped above $107. Uncertainty continues about what will happen with the Iran war. That sent the S&P 500 suddenly down as much as 1.3% before it trimmed its loss.
WASHINGTON (AP) — President Donald Trump has turned to naval blockades to pressure the governments of Venezuela, Cuba and now Iran to meet his…