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The U.S. launched a barrage of airstrikes against Iran on Tuesday, prompting Iranian retaliation, in the most serious escalation in weeks in a conflict that has driven up global energy prices and weighed on President Donald Trump's popularity at home.The U.S. military said late on Tuesday it completed its latest wave of strikes on Iran. U.S. forces struck IRGC targets "including air defense sites, radar systems, maritime assets and facilities, mine laying capabilities, and communications sites," the U.S. Central Command said on X. An Axios report, citing U.S. officials, said the U.S.

Iran's energy hub of Kharg Island is being blown to smithereens, U.S. President Donald Trump said on Sunday, after forces hit two rocket launchers on another island in the first known American strikes on the Islamic republic since late July.Attacking Kharg, which handled 90% of Iran's oil exports before the war launched by U.S. and Israeli attacks on February 28, would severely disrupt its energy trade and put huge pressure on its economy."Kharg Island being blown to smithereens!!! President DJT," Trump said on social media, but gave no further details.The White House and the U.S.

Iran called on the U.S. to accept defeat on Saturday, while President Donald Trump blasted Tehran as "very evil" and told Americans to prepare for continued high fuel prices as a result of the war.Progress towards peace talks and oil tanker traffic through the strategic Strait of Hormuz remained halted, with no sign the warring parties were moving toward ending the conflict that the U.S. and Israel launched on February 28."This strait will be opened and closed only under Iran's command…

The leader of U.S. Central Command, Admiral Brad Cooper, wrote on Sunday that his recent visit to the USS Abraham Lincoln was "awe-inspiring" and hailed the crew's "resilience" following reports of concerns about mental health and deteriorating conditions aboard the aircraft carrier.The ship has not made a port call in more than 200 days, setting a modern-day record for consecutive days at sea, according to Democratic lawmakers who have called for answers after sailors' families…

U.S. President Donald Trump has allowed the Navy to build ships overseas and ordered it to abandon a complex system for launching jet fighters from its aircraft carriers and instead return to using steam catapults, the White House said on Thursday.Trump signed a national security memorandum directing the change, which would require the fourth vessel in the Gerald R. Ford class of aircraft carriers to abandon the Electromagnetic Aircraft Launch System (EMALS) used on the first three vessels.

U.S. President Donald Trump has allowed the Navy to build ships overseas and ordered it to abandon a complex system for launching jet fighters from its aircraft carriers and instead return to using steam catapults, the White House said on Thursday.Trump signed a national security memorandum directing the change, which would require the fourth vessel in the Gerald R. Ford class of aircraft carriers to abandon the Electromagnetic Aircraft Launch System (EMALS) used on the first three vessels.

Oil prices fell nearly 7% on Monday as optimism grew that the United States and Iran were moving closer to a peace deal that would reopen the Strait of Hormuz, even though Washington and Tehran played down hopes for an imminent breakthrough.Brent crude futures LCOc1 were down $7.24, or almost 7%, at $96.30 a barrel at 2:29 p.m. ET (1843 GMT) and U.S. West Texas Intermediate CLc1 futures were down $6.30, or 6.5%, at $90.88.Trading volumes were light due to the U.S. Memorial Day…

U.S. President Donald Trump said on Sunday he had told his representatives not to rush into any deal with Iran, as his administration played down hopes of an imminent breakthrough in the three-month-old war that had been raised a day earlier.The U.S. blockade on Iranian ships in the Strait of Hormuz would "remain in full force and effect until an agreement is reached, certified, and signed," Trump wrote on Truth Social. "Both sides must take their time and get it right," he added.There was no immediate response from Iran's government.

A bipartisan group of U.S. senators on Monday urged President Donald Trump to hold fast to trade remedies proposed by his administration to rebuild U.S. shipbuilding and not offer concessions when he meets with Chinese President Xi Jinping.Democratic Senators Tammy Baldwin of Wisconsin and Mark Kelly of Arizona as well as Republicans Tim Scott of South Carolina and Todd Young of Indiana told Trump in a letter sent on Monday that China's decades-long effort to "decimate American shipbuilding" demanded the use of U.S.

Cuba's top officials blasted a growing litany of U.S. statements and threats of military action against the Caribbean island, calling them dangerous and an international crime alongside an ongoing U.S. oil blockade that has vastly restricted fuel shipments amid a devastating energy crisis.Cuban Foreign Minister Bruno Rodriguez characterized the U.S. as "hinting at a military action" to "liberate" Cuba, saying it was hypocritical and cynical in a post on social media late on Tuesday, in which he cited decades of U.S.

U.S. President Donald Trump said on Tuesday he would briefly pause an operation to help escort ships through the Strait of Hormuz, citing progress toward a comprehensive agreement with Iran."We have mutually agreed that, while the Blockade will remain in full force and effect, Project Freedom ... will be paused for a short period of time to see whether or not the Agreement can be finalized and signed," Trump wrote on social media.There was no immediate reaction from Tehran, where it was very early on Wednesday morning.Only hours earlier, U.S.

California energy officials on Monday opened an investigation into the Trump administration's agreement with an offshore wind company to cancel a planned project off the state's central coast.The state said it was seeking information about the $120 million government payout to determine whether it violated the law.The refunds of offshore lease payments, in exchange for fossil fuel investments, are part of a recent strategy in President Donald Trump's year-long effort to stymie…

President Donald Trump said on Sunday that the United States would begin an effort to free up ships stranded in the Strait of Hormuz on Monday morning.Trump, in a post on his Truth Social site, gave few details about the operation, including whether the U.S. Navy would be involved. He described the effort as a "humanitarian gesture" meant only to aid neutral countries that were not involved in the U.S.-Israeli war on Iran."For the good of Iran, the Middle East, and the United States…

President Donald Trump granted a 90-day extension to a shipping waiver that makes it easier to move oil, fuel and fertilizer around the United States, the White House said on Friday, the latest effort to curb rising energy costs linked to the war with Iran.The move reflects a broader push by the White House to dampen politically sensitive fuel price spikes ahead of November’s midterm elections, where affordability is expected to be a defining issue for voters. Recent polling shows…

The White House is expected to extend the Jones Act waiver for up to 90 days as early as Friday to help blunt fuel price pressures tied to the Iran conflict, according to two sources familiar with the decision.The move would temporarily ease requirements that goods transported between U.S. ports be carried on American-built and American-crewed vessels, allowing foreign-flagged ships to move fuel and other key commodities more freely as the administration seeks to contain energy…

The U.S. military has intercepted at least three Iranian-flagged tankers in Asian waters and is redirecting them away from their positions near India, Malaysia and Sri Lanka, shipping and security sources said on Wednesday.Washington has imposed a blockade on Iran's trade by sea while Iran has fired on ships to prevent them sailing through the Strait of Hormuz waterway at the entrance to the Middle East Gulf. Nearly two months after the U.S. and Israel began their war on Iran…

President Donald Trump said on Sunday the U.S. Navy would start blockading the Strait of Hormuz, raising the stakes after marathon talks with Iran failed to reach a deal to end the war, jeopardizing a fragile two-week ceasefire.The U.S. Central Command said U.S. forces would begin implementing the blockade of all maritime traffic entering and exiting Iranian ports at 10 a.m. ET (1400 GMT) on Monday.It would be "enforced impartially against vessels of all nations entering or departing Iranian ports and coastal areas…

British Prime Minister Keir Starmer spoke with U.S. President Donald Trump on Thursday about the need for a plan to restore shipping through the Strait of Hormuz "as quickly as possible," following a U.S. ceasefire with Iran, Downing Street said.Starmer discussed with Trump the UK's efforts to convene partners to agree to a "viable plan" on restoring freedom of navigation in the waterway."They agreed that now there is a ceasefire in place and agreement to open the Strait, we are at the next stage of finding a resolution…

Iran said on Sunday it would strike the energy and water systems of its Gulf neighbours in retaliation if U.S. President Donald Trump follows through with a threat to hit Iran's electricity grid in 48 hours, escalating the three-week-old war.The prospect of tit-for-tat strikes on civilian infrastructure could deepen the regional crisis and further rattle global markets when they reopen on Monday morning.Air raid sirens sounded across Israel from the early hours of Sunday, warning of incoming missiles from Iran…

U.S. officials are drafting agreements to pay nearly $1 billion to oil major TotalEnergies as compensation for the cancellation of leases for wind farms in federal waters off New York State and North Carolina, the New York Times reported on Tuesday.Under the terms of the proposed settlements, the U.S. Interior Department will cancel the leases in federal waters for two projects, known as Attentive Energy and Carolina Long Bay, the NYT said, citing documents.The Justice Department will then pay more than $928 million to TotalEnergies…

Several U.S. allies rebuffed Donald Trump's call on Monday to send warships to escort tankers through the Strait of Hormuz, drawing criticism from the U.S. president, who accused Western partners of ingratitude after decades of support.The U.S.-Israeli war on Iran is in its third week with no end in sight. The critical Strait of Hormuz, through which 20% of the world's oil and liquefied natural gas flow, remains largely closed off, raising energy prices and fears of inflation.The conflict has already imposed economic costs on U.S.

President Donald Trump said on Sunday his administration is talking to seven countries about helping to secure the Strait of Hormuz amid the U.S.-Israeli war on Iran, calling on them to help protect ships in the vital waterway that Tehran has mostly blocked to oil tanker traffic.With the conflict creating turmoil across the Middle East and shaking up global energy markets in its third week, Trump insisted that nations relying heavily on oil from the Gulf have a responsibility to protect the strait."I'm demanding that these countries come in and protect their own territory…

U.S. Secretary of Energy Chris Wright has authorized an immediate 13% increase in exports at Venture Global’s Plaquemines LNG Terminal in Louisiana.The authorization allows additional exports of up to 0.45 billion cubic feet per day (Bcf/d) of U.S. natural gas as LNG to non-free trade agreement (FTA) countries from the Plaquemines LNG Terminal.Plaquemines LNG is now authorized to immediately export a total of 3.85 Bcf/d to both FTA and non-FTA countries.“At a time when Iran and its terrorist proxies attempt to disrupt the global energy supply…