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58 stories from Planck Standard. Latest: September 14, 2026.
WatchNine ships crossed the Strait of Hormuz on Thursday. Traders now put the odds of a Fed rate hike on Wednesday above 90%, and the Nasdaq 100 fell 1.3% as AI stocks sold off on top of the oil shock.
The East-West pipeline that let the kingdom pump more than 5 million barrels a day to the Red Sea is closed after a drone attack traced to Iraqi territory, while the Houthis now hold every island in the Bab el-Mandeb and Crown Prince Mohammed bin Salman is pressing Trump to strike them.
The crew was evacuated and no casualties were reported. Kharg carried 90 percent of Iranian crude exports before the war, and Trump said last week the island was being "blown to smithereens."
Argentina's president called the British-developed project a 'clear and present danger' and asked for a law change to punish contractors. He moved after Trump questioned Washington's long-standing position on the islands.
WatchThe conflict passed its half-year mark on Friday with the Strait of Hormuz still contested, roughly 6,000 sailors on 400 ships still stuck in the region, and Tehran refusing to yield to what the Treasury Department is calling an economic D-Day.
WatchThe president called it 'THE BIGGEST OIL DEAL IN WORLD HISTORY' in a social media post, seven months after U.S. forces seized Nicolás Maduro. The announcement named no operator, no fields and no price.
WatchTehran's security chief laid out six conditions for reopening the world's most important oil chokepoint. Fewer than 10 ships a day are getting through a waterway that used to carry 130.
Officials say the network laundered hundreds of millions of dollars in oil revenue through shell companies in Hong Kong, Singapore and Dubai. "Every facilitator that keeps the regime afloat is putting a target on its own back," Treasury Secretary Scott Bessent said.
The draft would keep 'hostile' ships out until Tehran is compensated for war damage and fine violators a fifth of their cargo. A U.S. official told NPR the strait is international water and 'no party controls the lanes.'
With gasoline above $4 a gallon and Brent crude sliding, the president singled out the two largest U.S. oil companies by name and said they had better hand some of it back.
WatchSources tell CBS News the two governments want any campaign against Iran's energy grid wrapped up before financial markets open Monday. President Trump has not given final approval.
Reuters verified video of a column of smoke over the Red Sea refinery. Saudi air defenses shot down two ballistic missiles aimed at Yanbu, and output at one plant has already been cut.
WatchU.S. Central Command said the latest barrage was meant to degrade Iran's ability to hit commercial shipping, hours before Iran's Revolutionary Guard claimed it struck two 'non-compliant' tankers in the waterway.
The Iran-aligned group said it would bar Saudi ships from the Bab el-Mandeb Strait "an eye for an eye," opening a dangerous new front in the U.S.-Iran war and widening the threat to global energy supplies.
Pump prices are up 34% since fighting began, and a Houthi threat to a second oil chokepoint has traders bracing for a fresh energy shock just as the Federal Reserve was closing in on its 2% target.
WatchAmerican forces launched two back-to-back waves of strikes Wednesday, including a 90-minute barrage on Greater Tunb Island, as Iran's Health Ministry said more than 260 people have been wounded and Tehran freed a detained American woman.
WatchThe Pentagon's blockade of every Iranian port and oil terminal went into force at 4 p.m. Eastern, with any non-compliant vessel now liable to interception, diversion or seizure by force.
WatchTehran said it had shut the world's most important oil chokepoint after firing on a ship, while Washington insisted the waterway remained open and hammered roughly 140 Iranian military targets.
WatchPresident Trump, at the NATO summit in Ankara, declared the month-old ceasefire 'over' as Central Command struck air defenses, radar sites and roughly 60 Revolutionary Guard boats. Iran fired projectiles toward Bahrain and Kuwait and shot down a U.S. drone.
The International Energy Agency says the Iran war has destroyed demand faster than it has choked supply, cutting 2026 global oil consumption by roughly a million barrels a day and setting up a surplus in 2027.
WatchThe president threatened to reimpose a naval blockade on Iran's ports as oil prices jumped roughly 8%, and Tehran warned it would shut the Strait of Hormuz and retaliate with twice as many targets.
The International Maritime Organization opened two new sea lanes to free tankers and cargo ships trapped since the U.S. and Israel attacked Iran in February.
U.S. officials blamed Iran's Revolutionary Guard for a drone that struck a Singapore-flagged vessel off Oman, forcing a pause in efforts to evacuate stranded seafarers.
Tehran says it will begin charging fees for 'navigational services' through the world's most important oil chokepoint within two months — a move U.S. officials warn is deeply problematic.
U.K. troops detained a sanctioned oil tanker off England's south coast on Sunday in what London called the first British-led operation of its kind against Moscow's sanctions-busting fleet.
President describes Israel's prime minister as 'a very difficult guy' while praising Russia and China's leaders in phone call to New York Times.
WatchPresident Trump said the agreement is 'scheduled to get signed' Sunday, a step that would wind down a months-long conflict and reopen the waterway that carries a fifth of the world's oil.
Stocks rallied and crude prices sank more than 3% after the president said an agreement to end the war and reopen the Strait of Hormuz could be signed within days.
Central Command has guided around 70 commercial vessels through the critical waterway in just three weeks as regional tensions escalate.
Even after reaching an agreement to reopen the critical waterway, moving the massive vessel backlog could take weeks or months.
Dow futures slid 350 points after the UAE drone strike, but options markets are pricing a ±9% swing on Nvidia's earnings Wednesday — enough on its own to add or subtract 95 points from the S&P 500.
Oil retreated below $110 as the president gave Tehran a 72-hour window to accept a U.S.-backed deal — even as the USS Gerald R. Ford and USS Eisenhower remained on station in the Arabian Sea.
Military officials report strikes on Iranian targets after Tehran allegedly fired on American warships, escalating tensions during fragile ceasefire negotiations.
Competition between Gulf powers intensifies over energy quotas and regional conflicts, with officials struggling to maintain facade of cooperation.
Maritime attacks threaten vital oil shipping route despite conflicting claims from Washington and Tehran about control of the strategic waterway.
Tehran warns vessels against accepting U.S. naval escort services while shipping companies remain uncertain about safe passage through critical waterway.
President offers few details on new program but warns interference will be met with 'forceful' response amid Iran conflict.
The national average rises in the largest one-day increase recorded since the April 7 ceasefire announcement, signaling renewed market volatility.
The proposal would set aside nuclear program questions but fails to meet administration demands for comprehensive regional security.
Six vessels comply with U.S. Central Command directions to turn around and return to Iranian ports as military enforces shipping restrictions.
President Trump implements Strait of Hormuz blockade to pressure Iran into negotiations, but Iranians bet on his limited tolerance for political pain from rising energy costs.
The USS Frank E. Peterson and USS Michael Murphy crossed the Strait for the first time since the U.S.-Israel war on Iran began, as CENTCOM vowed to reopen one of the world's most critical oil chokepoints.
With jet fuel at $195 per barrel — more than double last year's average — and European strategic reserves depleting fast, the Airports Council International has warned of a systemic shortage that could ground flights across the continent.
WatchTwo American guided-missile destroyers navigated the critical oil chokepoint Saturday in the war's most significant maritime development since the conflict began, as VP Vance simultaneously met with Iranian officials in Islamabad.
Energy experts warn that restoring normal oil production and shipping will take months, keeping fuel costs high for consumers.
President issues grave ultimatum as US strikes Iran's main oil export hub while demanding Strait of Hormuz reopening by 8 p.m. Eastern.
Foreign Secretary Yvette Cooper convened a virtual emergency summit with over 40 countries after Trump declared reopening the Strait 'not America's responsibility,' demanding Iran stop 'holding the global economy hostage.'
Drivers across America face significant pain at the pump as Persian Gulf oil supply disruptions push fuel costs to highest levels since 2022.
President says he wants to 'take the oil in Iran' and is weighing capture of facility that handles 90% of country's exports.
The tanker carrying crude oil is expected to reach its destination Tuesday, providing critical energy relief to the Caribbean island amid mounting U.S. pressure.
WatchPresident gives Tehran until April 6 to reopen the Strait of Hormuz as Lebanon confirms more than 1,100 killed and 370,000 displaced since fighting began.
National security correspondent analyzes how Iranian missile strikes have largely shut down the critical shipping lane, creating major challenges for the administration.
WatchPresident Trump threatened to destroy Iran's power grid if Tehran doesn't reopen the critical waterway by Monday evening, as Iran launched 180 missiles at two Israeli cities near the country's nuclear research center.
Secretary-General Rutte convened an emergency session of the North Atlantic Council as Iran vowed to 'completely close' the Strait of Hormuz if Trump follows through on his threat to strike Iranian power plants.
The State Department dropped Venezuela from its most severe 'Do Not Travel' designation as the Trump administration pursues a transactional rapprochement with Maduro, driven by the urgent need to replace Iranian oil cut off by the Strait of Hormuz closure.
Disruption to the world's most critical oil chokepoint forces Asia's largest buyers to diversify crude sources at speed
Implied volatility gauges for equities, oil, and bonds have spiked sharply, but crypto options markets signal unusual calm
The halt at the key export hub outside the Strait of Hormuz adds to mounting concerns over Middle East energy supply chains