US launches new strikes on Iran after reinstating oil sanctions over shipping attacks

July 8, 2026 9:31 AM

US launches new strikes on Iran after reinstating oil sanctions over shipping attacks

The U.S. military unleashed a new wave of strikes against Iran on Tuesday and revoked a license allowing the country to sell oil after three tankers were hit by projectiles in the Strait of Hormuz, putting pressure on an already fragile ceasefire. After a day in which huge crowds mourned Iran's slain Supreme Leader Ayatollah Ali Khamenei in the holy city of Qom, U.S. Central Command said it completed strikes that hit over 80 targets in an effort to impose what it called heavy costs. The militar...

US sanctions Russian oil companies as Moscow holds nuclear drills

October 23, 2025 9:02 AM

US sanctions Russian oil companies as Moscow holds nuclear drills

The United States hit Russia's major oil companies with sanctions on Wednesday and accused the Russians of a lack of commitment toward ending the war in Ukraine, as Moscow conducted a major training exercise involving nuclear arms. The new sanctions were unveiled one day after plans for a summit between U.S. President Donald Trump and Russian President Vladimir Putin fell apart. Trump told reporters he cancelled the meeting because "it didn't feel right to me." The U.S. Treasury Department s...