April 7, 2026 10:09 AM

Iran rejects ceasefire as Trump ramps up threats ahead of deadline

Iran said on Monday it wanted a lasting end to the war with the U.S. and Israel, and pushed back against pressure to reopen the Strait of Hormuz, while U.S. President Donald Trump warned the country could be "taken out" if it did not meet his Tuesday night deadline to reach a deal. Responding to a U.S. proposal through mediator Pakistan, Tehran rejected a ceasefire and said a permanent end to the war was necessary, the official IRNA news agency reported. The Iranian response consisted of 10 cl...

April 3, 2026 1:15 PM

A year after ‘Liberation Day,’ Trump sets new drug tariffs, adjusts metals duties

U.S. President Donald Trump ordered 100% tariffs on certain branded pharmaceutical imports and overhauled steel, aluminum and copper duties on Thursday as his administration sought to move on from the collapse of the broad global tariffs he announced exactly one year ago. The new tranche of tariffs is aimed partly at rebuilding duties lost when the Supreme Court struck them down in February. But they drew criticism from some business groups for adding potential new cost pressures at a time when...

April 3, 2026 9:10 AM

Trump threatens to strike Iran’s bridges and electric power plants

U.S. President Donald Trump warned late on Thursday about striking and destroying bridges and electric power plants in Iran in his latest threat to hit the country's infrastructure. The U.S. military "hasn't even started destroying what's left in Iran. Bridges next, then Electric Power Plants," Trump wrote on social media. His post said that Iran's leadership "knows what has to be done, and has to be done, FAST!" Trump, who has previously offered shifting timelines and objectives for the war,...

April 2, 2026 3:25 PM

Hopes dim for swift end to Iran war after Trump speech, oil prices surge

Hopes for a swift end to the Middle East war faded on Thursday after U.S. President Donald Trump vowed more aggressive strikes on Iran, sending oil prices back well over $100 a barrel in a blow to consumers around the world. Stocks slid and the dollar gained after Trump said military operations would be intensified without offering the timeline that investors had sought for ending hostilities against Iran. "We're going to hit them extremely hard over the next two to three weeks. We're going to...

April 2, 2026 9:24 AM

Global Stocks sink, oil surges as Trump vows to keep hitting Iran

Global markets recoiled on Thursday as war jitters over Iran deepened, with stocks sliding, oil surging and the dollar firming after U.S. President Donald Trump dashed hopes for clarity on when the Middle East conflict might end. Trump said in a prime-time address that the U.S. would hit Iran "extremely hard" within weeks, claiming military goals were nearly achieved and the conflict was close to ending. The front-month Brent contract for June jumped about 5% to $106.16 per barrel after invest...

April 2, 2026 11:17 AM

In prime-time address, Trump tells wary public Iran goals nearly achieved

U.S. President Donald Trump told the nation in a televised speech on Wednesday night that the U.S. military had nearly accomplished its goals in Iran, but he declined to offer a concrete timeline for winding down the conflict. Facing a war-wary American public, sliding approval ratings and pressure from some allies to outline his war aims in more precise and consistent terms, Trump said the U.S. had destroyed Iran's navy and air force, and crippled its ballistic missile and nuclear programs. ...

April 1, 2026 9:45 AM

Asia markets rally on optimism Iran war could end soon

Stocks and bonds rallied and the dollar wallowed at the start of the Asian trading session on Wednesday on hopes of a de-escalation in the Iran conflict, while significantly better-than-expected economic data for March propelled a rebound in Korean and Japanese shares. MSCI's broadest index of Asia-Pacific shares outside Japan was up 2.7%, snapping a four-day losing streak as South Korea's Kospi surged as much as 5.5%. The Nikkei 225 also jumped 3.9% at one point, after U.S. President Donald Tr...

March 30, 2026 3:31 PM

Russian oil tanker has arrived in Cuba, Interfax reports

The Russian tanker Anatoly Kolodkin, carrying a humanitarian shipment of 100,000 metric tonsof crude oil, has arrived in Cuba, Interfax news agency reported on Monday, citing the Russian Ministry of Transport. It said the ship was currently expected to offload the cargo at the port of Matanzas. LSEG ship-tracking data showed the vessel moving along Cuba's northern shore after U.S. President Donald Trump signalled he was reversing course on blocking oil shipments to Cuba on Sunday, saying he ha...

March 30, 2026 9:10 AM

Trump reverses course on Cuban oil blockade, allows Russian tanker to pass

U.S. President Donald Trump signaled he was reversing course on blocking oil shipments to Cuba on Sunday, saying he had "no problem" with any country sending in crude as a Russian tanker neared a Cuban port with a badly needed shipment. A sanctioned Russian vessel, part of the country's "shadow fleet," was just off the coast of eastern Cuba on Sunday, according to ship tracking data, and was expected to reach port on Monday, a lifeline for the country's economy that has nearly ground to a halt ...

March 27, 2026 9:26 AM

Trump extends pause on striking Iran’s energy plants into April

U.S. President Donald Trump said he will extend a pause on attacks against Iran's energy plants into April and that talks with Iran were going "very well," but an Iranian official said a U.S. proposal for ending the war as "one-sided and unfair." The four-week war has spread across the Middle East killing thousands of people and hit the global economy with soaring energy prices, fuelling global inflation fears. The United States and Israel launched strikes on Iran on February 28 after talks ab...