A fragile truce in the Middle East was under strain on Tuesday after the U.S. and Iran exchanged fire in the Gulf as they wrestled for control of the Strait of Hormuz. Iran’s parliament speaker, Mohammad Baqer Qalibaf, said in a social media post on Tuesday breaches of the four-week-old ceasefire by the United States…
A bulk cargo ship sits at anchor in the Strait of Hormuz off Bandar Abbas, Iran, Saturday, May 2, 2026. Amirhosein Khorgooi/AP/ISNA hide caption toggle caption Amirhosein Khorgooi/AP/ISNA DUBAI, United Arab Emirates — The Iran war risked reigniting after the U.S. tried to force open the Strait of Hormuz for commercial shipping, though a ceasefire…
Oil prices pulled back on Tuesday after a sharp increase a day earlier. They had surged on Monday as the fragile truce in the Middle East appeared to be in jeopardy. The United Arab Emirates said it had been attacked by Iran, while the U.S. military said Iran had fired at the ships and commercial…
Iranian commander says US military attacked two passenger boats, not IRGC vessels, in the Strait of Hormuz on Monday. Iran has accused the United States of killing five civilians in the Strait of Hormuz, saying its forces attacked passenger vessels in the waterway rather than boats belonging to the Islamic Revolutionary Guard Corps (IRGC) as…
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world US Treasury secretary Scott Bessent had a fierce row with UK chancellor Rachel Reeves in Washington last month over her outspoken criticism of the Iran war, according to people familiar with the matter….
Facing pressure to address the economic fallout of his war in Iran, President Trump on Monday sought to portray his policy wins for small businesses as evidence that he was succeeding in building up the economy. Speaking to business leaders from across the country at an event in the East Room of the White House,…
Shipping companies said on Monday that President Trump’s offer to provide them safe passage through the Strait of Hormuz fell short of the sort of arrangements that would persuade them to make the trip. Mr. Trump said on Sunday that the United States would “guide” commercial vessels through the strait, which Iran has effectively closed…
Pakistan said Monday that it had helped transfer 22 crew members from an Iranian ship, describing the move as a “confidence-building measure” coordinated with the United States and Iran. Pakistan’s foreign ministry said the crew, who had been held aboard the MV Touska after its capture by the U.S. Navy, were flown to Pakistan on…
A Spirit Airlines plane sits parked at Hollywood Burbank Airport in California, April 16, 2026. Justin Sullivan | Getty Images Spirit Airlines struggled for years, battered by larger, cash-rich airlines that copied its business model as well as by failed mergers, higher costs and, most recently, a surge in jet fuel prices because of the…
WASHINGTON — As the US unfurls a multi-layered plan to help commercial vessels safely transit the Strait of Hormuz, analysts tell Breaking Defense it will likely take time for commercial shipping companies to feel safe enough to move through the waters — with US forces carrying a greater risk in the interim. The US officially…
