Amid trade embargoes, asset freezes and attacks on ships as part of a naval blockade, Washington has announced a plan to enact a new wave of restrictions on Iran, targeting its economy. Treasury Secretary Scott Bessent said last Thursday that the United States was planning to inflict more economic damage on Tehran as early as…
0m ago Saudi Arabia reportedly moving crude oil out of Strait of Hormuz using ship-to-ship transfer Saudi Arabia’s oil giant Aramco resumed offering crude oil shipments last week, using ship-to-ship transfers off the United Arab Emirates coast, the Reuters news agency says, citing shipping data and trade sources. Aramco, which is the world’s top…
Adm. Brad Cooper, the head of U.S. Central Command, praised the crew of the USS Abraham Lincoln after he visited the aircraft carrier on Saturday. In a statement shared on social media, Cooper said his time aboard the Lincoln was “awe-inspiring.” “I wish every American could see the crew in action,” he said. “You would…
Crude oil prices rose Monday after Iran and the U.S. ruled out an extension of the memorandum of understanding that they signed in June to end the conflict. A senior Iranian official told Reuters, meawhile, that Tehran would shift to offense rather than relying on defense if diplomacy with the U.S. fails. U.S. crude oil…
President Donald Trump has threatened to bomb Oman – a US ally – if it “gets in the way” of his administration’s own talks with Iran, Fox News reports. A reporter for the network said the US president made the comment during a phone call on Monday, during which he also said the US had…
The nearly nine-month extended deployment of the USS Abraham Lincoln in the Middle East has triggered a mental health crisis among the crew so intense that some sailors have tried to jump overboard, according to some US media reports. Family members of the exhausted military crew on board the flagship aircraft carrier, reportedly located in the Gulf…
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BANDAR ABBAS, IRAN – AUGUST 10: Two youths sit on the shoreline as ships are seen anchored in the Strait of Hormuz on August 10, 2026 off the coast of Bandar Abbas, Iran. (Photo by Ali Saeedi/Getty Images) Getty Images | Getty Images News | Getty Images Iran rebuffed U.S. President Donald Trump’s claim that…
United States President Donald Trump has announced plans to declare the Strait of Hormuz a “territory” of his country as tensions boil with Iran. Speaking in New York on Friday, Trump told supporters that the US would soon claim the vital waterway, which is critical for the global supply of oil, natural gas and fertiliser. Recommended…
Treasury Secretary Scott Bessent speaking with CNBC on Aug. 4th, 2026. CNBC The U.S. will be applying economic measures “that have never been seen on Iran,” Treasury Secretary Scott Bessent said. “It will be a combination of economic isolation like the world has never seen before, and the continued blockade in the Strait of Hormuz…
