Iran war
Trump says Iran war will end soon as Qatari mediators return to Tehran
The U.S. president gave no details on how the war would end, while Iran and Washington remain apart on the nuclear issue, sanctions and a blockade of Iranian ports
Iran war news
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- U.S.-Israel tensions Trump and Netanyahu’s Iran alliance hits a breaking point Israeli strikes in Beirut have exposed a widening split between Trump’s push for an Iran deal and Netanyahu’s insistence on keeping military pressure on Iran and Hezbollah
- Iran war U.S.-Iran Framework Offers Relief but Leaves Hard Issues Ahead A preliminary deal is expected to open the Strait of Hormuz, while the most difficult disputes are being pushed into further talks
- Euro zone rates ECB raises rates to 2.25% as Iran war fuels inflation The quarter-point move, the bank’s first hike since 2023, came with higher inflation forecasts and a weaker growth outlook for the euro zone
Energy security
Iran War Pushes Energy Importers to Look Inward
Countries reliant on imported fuel are giving greater priority to domestic energy as oil and natural gas markets grow more volatile
U.S.-Iran tensions
Iranian officer says renewed war with U.S. seems ‘inevitable
The warning came as Tehran weighed a U.S. draft proposal, Washington described talks as ongoing and Israel-Hezbollah fighting continued despite claims of a pause
Energy shock
Hormuz closure halted trade after Iran war began, CNBC data shows
A CNBC visual guide says the February outbreak of the Iran war and the shutdown of the Strait of Hormuz helped trigger a severe global energy shock
Iran war diplomacy
Iranian Negotiators Arrive in Doha as Peace Talks Resume
President Trump offered mixed signals on progress, while Benjamin Netanyahu said Israel intends to step up attacks against Hezbollah in Lebanon
Powder Keg on the Verge of Explosion:
Does Tehran View Trump's Proposal as More Devastating Than War?
Tehran says Pakistan-mediated exchanges are continuing, while Trump warns the U.S. is ready to move quickly if Iran does not provide what he called the “right answers
Real estate
Trump Tower Australia plan collapses as developer cites Iran war
Altus Property Group says the Gold Coast project will continue without the Trump name, while the Trump Organization says its former partner failed to meet obligations
Middle East War
Iran warns it is ready for new U.S. attack as Trump reaches Beijing
With peace efforts stalled, Trump says he expects a long discussion with Xi Jinping about the Iran war while insisting Washington does not need China’s help
Foreign policy
Trump’s China trip is shadowed by the Iran war and energy squeeze
The president says he does not need Beijing’s help on Iran, but the conflict has driven up fuel prices, strained negotiations and left no clear path to a deal
Iran war
Trump Rejects Iran Peace Demands, Floats Gas Tax Suspension
Iran defended its conditions for a peace deal as President Trump dismissed them and said he wants to pause the federal gasoline tax, a step that would need Congress
Inflation pressure
US inflation hits 3.8% as Iran war drives energy costs
Gasoline and groceries pushed April prices higher, putting renewed pressure on consumers, the Federal Reserve and President Donald Trump’s party before the midterms
Shipping detours and whale habitat
Rerouted ships put South Africa’s whales in the path of more traffic
Conflict-linked disruptions in the Red Sea and Strait of Hormuz are pushing more vessels around the Cape of Good Hope, raising concern about ship strikes
Energy costs
Gas hits $4.55 a gallon as Iran war pressures consumers
The national average is up more than 50% since the war began, while companies are also dealing with higher aluminum costs tied to Middle East disruptions
Iran war talks
Iran Says It Will Keep Fighting After Trump Rejects Peace Offer
The latest diplomatic setback has kept pressure on energy markets and the Strait of Hormuz, with the U.S. and Iran still divided over sanctions, shipping and Tehran’s nuclear program
Airline costs
U.S. airlines’ fuel bill jumped 56% after Iran strikes began
Transportation Department data show carriers paid $5.06 billion for jet fuel in March, a cost shock already pressuring forecasts, fees and routes
Iran war talks
Trump threatens stronger Iran strikes, says direct talks are premature
The president paused a U.S. escort mission in the Strait of Hormuz to give Pakistan-brokered negotiations more time, but said the naval blockade remains in force
Government debt
UK 30-year borrowing costs hit highest level since 1998
Yields rose as markets absorbed the impact of the Iran war, higher energy prices and political uncertainty before Thursday’s elections
Strait of Hormuz
U.S. and Iran Trade Claims Over Control of Strait of Hormuz
Washington says two U.S.-flagged merchant ships crossed under its new escort effort, while Iranian officials and state-linked media warned against the operation as the ceasefire held under strain
U.S. troop posture
Pentagon to withdraw 5,000 U.S. troops from Germany
The drawdown is expected over six to 12 months and comes as Trump clashes with Chancellor Friedrich Merz and other NATO allies over the war with Iran
Markets
Market rally collides with Iran war oil shock
The S&P 500 has reached new highs while crude prices swing sharply, leaving strategists warning that investors may be underestimating the economic drag from disrupted energy flows
Strait of Hormuz standoff
Trump says U.S. will guide stranded ships through Hormuz as gas prices rise
The operation, dubbed Project Freedom, is aimed at vessels from countries not involved in the Iran war, but Tehran says U.S. forces entering the strait would be attacked
Middle East war
USS Gerald R. Ford expected to leave Middle East as Iran war costs rise
A U.S. official confirmed the carrier strike group is expected to head home in the coming days, while a Pentagon official put the war’s cost so far at about $25 billion
Defense spending
Pentagon puts Iran war cost at $25B as lawmakers question the real bill
Defense officials say the figure mainly covers munitions and operational costs; Democrats and economists argue fuel, food, repairs and long-term obligations could push the total far higher
U.S.-Germany relations
Trump says U.S. is reviewing troop cuts in Germany
The president said a decision could come soon after Chancellor Friedrich Merz criticized Washington’s handling of the Iran war
Iran war
Trump warns Iran to make a deal as Pentagon puts war cost at $25 billion
The standoff over Iranian ports and the Strait of Hormuz is drawing sharper public threats from Washington and Tehran, while lawmakers press the Pentagon for answers on cost, duration and strategy
U.S.-Iran standoff
Trump and Iran trade new warnings as shipping standoff drags on
The White House defended its blockade as leverage while Tehran signaled possible retaliation through another key energy shipping route
Iran war
Hormuz remains in limbo as Trump weighs Iran offer
Brent crude topped $112 a barrel and U.S. gasoline prices hit a wartime high as Washington considers a proposal tied to the strait but not nuclear talks
UK cost pressures
UK prices could stay higher for eight months after Iran war, minister says
Darren Jones said ministers are planning for supply-chain disruption, though price pressure is seen as more likely than empty supermarket shelves
Economic fallout
Iran war’s economic hit may linger through 2026, economists say
Oil and gas prices have jumped since the conflict began, raising costs for drivers, travelers and households even if fighting eases soon
Treasury
Bessent defends potential dollar swap lines for Gulf and Asian allies
The Treasury secretary cast the discussions as routine as the Trump administration weighs financial backstops sought by partners during the Iran war
Gulf crisis and markets
Europe eyes Hormuz role but remains sidelined as Strait swings shut again and markets wobble
A British-French security plan would give Europe a stake, but decisions by Tehran and Washington continue to drive events while investors whipsaw ahead of a cease-fire deadline