August 12, 2026 9:54 AM

New attacks on shipping as Iran war talks hit fresh impasse

The U.S. and Yemen's Iran-aligned Houthis reported separate attacks on shipping on Tuesday as prospects for ending the Iran war appeared to dim, with Tehran saying the Strait of Hormuz would remain closed unless Washington accepts its conditions. The attacks, in the Gulf of Oman leading to the strait and at the entrance to the Red Sea — both vital chokepoints for global oil supplies — come as the war shows no signs of ending despite repeated assertions from U.S. President Donald Trump of a ...

August 6, 2026 2:15 PM

Trump rubbishes reports of Iran war munitions depletion

US President Donald Trump slams reports claiming significant depletion in American military stockpiles during the Iran conflict, asserting the United States has “massive amounts” of munitions, and warning that individuals who leaked information about military inventories would face prosecution and lengthy prison sentences. Trump’s remarks came after a CNN report cited multiple sources as saying that US military commanders had raised concerns over critically low stockpiles of certain munit...

June 25, 2026 9:42 AM

Trump, Republican senator engage in shouting match over Iran war

U.S. President Donald Trump faced pointed criticism over the Iran war on Wednesday in a closed-door meeting with fellow Republicans, shortly before his administration asked Congress for tens of billions of dollars to pay for the conflict. Several Republicans in the closed-door meeting said Trump engaged in a shouting match with Republican Senator Bill Cassidy, who said the administration needed to explain a framework deal Trump signed last week that provides financial incentives for Iran but do...

June 3, 2026 4:35 PM

Gulf tensions escalate as Iran hits Kuwait, US strikes near Hormuz

Gulf hostilities flared again on Wednesday as an Iranian missile attack damaged Kuwait's airport and the U.S. military carried out strikes near the Strait of Hormuz, with diplomacy between Washington and Tehran showing little sign of progress. The attacks are the latest to test a shaky ceasefire, sending oil prices up more than 2%, as the strait remains largely closed more than three months after initial U.S. and Israeli strikes on Iran. Flights at Kuwait International Airport were suspended a...

May 25, 2026 5:18 PM

Explainer: What’s included in talks to end the Iran war and reopen Hormuz?

With the standoff over the frozen Iran war threatening a global economic meltdown, Washington and Tehran have scaled back their efforts to agree a comprehensive peace deal and now seek a limited pact putting off the harder issues. This is what we know about the proposals under discussion and where they leave the big unresolved disputes behind the war: AT WHAT STAGE ARE THE DISCUSSIONS? Sources in both camps have said the latest ​peace efforts are aimed at a temporary memorandum of understan...

May 19, 2026 9:22 AM

Global stocks mostly ease with tech shares while oil prices climb to two-week high

Major stock indexes mostly eased as technology shares fell on Monday, while Brent oil prices climbed to a two-week high as investors assessed whether there will likely be progress soon to end the Iran war. Longer-dated U.S. Treasury yields were nearly flat after climbing to their highest level in over a year in overnight trading. Sovereign bond yields have risen sharply recently as investors worry the war in Iran that began in late February may bring a lasting inflationary shock. Energy costs,...

May 18, 2026 2:55 PM

Trump may have to wait for rate cuts until the Iran war is over, he tells Fortune

U.S. President Donald Trump conceded in an interview with Fortune magazine published on Monday that he may have to wait until the war with Iran was over for more interest rate cuts. “You can’t really look at the figures until the war is over,” he said. Trump said Iran was "dying to sign" a ceasefire deal with the U.S. "But they make a deal, and then they send you a paper that has no relationship to the deal you made." he told Fortune. (Reuters)...

May 14, 2026 11:44 AM

How has the Iran war affected Middle East states?

The war that began on February 28 with a massive Israeli-U.S. bombing campaign against Iran has rocked the entire Middle East, wreaking damage to infrastructure and economies and overturning settled assumptions about regional security. On a second major front, Israel launched a ground invasion and bombing campaign of Lebanon in March in pursuit of Hezbollah fighters after the armed group fired across the border in solidarity with Iran. This is how some countries have been impacted: IRAN The ...

May 13, 2026 2:59 PM

Trump says he doesn’t need Xi’s help on Iran

U.S. President Donald Trump headed to China on Wednesday for a high-stakes summit with President Xi Jinping, saying he does not expect to need Beijing's help to end the war with Iran and ease Tehran's grip on the Strait of Hormuz. Speaking before departing Washington, Trump played down the role China could have in resolving the conflict, which has continued to block maritime traffic through a waterway that normally carries one-fifth of the world's oil supply. "I don't think we need any help wi...

May 11, 2026 7:11 PM

Iran war raises stakes for US and China ahead of Trump–Xi talks

The Iran war has strained U.S.–Chinese ties further and looks set to dominate the May 14 to 15 summit between U.S. President Donald Trump and his Chinese counterpart and host  in Beijing. Below are the key issues at stake for Washington and Beijing as the U.S.-Israeli war with Iran reshapes calculations in their broader relationship: IRAN CEASEFIRE TALKS U.S. Treasury Secretary Scott Bessent has said that the two presidents will discuss the Iran war, and urged China to "join us in this int...