The price of crude oil on global markets continued to surge Tuesday, with international oil benchmark Brent rising for a second straight day to more than $87 per barrel, the first time since June it has traded at that price. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content….
President Trump formally notified Congress that “military action” against Iran restarted last week, according to a letter obtained by CBS News on Monday, as a monthslong ceasefire comes to an end. Military action “commenced on July 7,” the president said in a message dated July 10 and addressed to Republican Sen. Chuck Grassley of Iowa,…
Iran responded to a fresh wave of strikes from U.S. forces over the weekend by launching an attack on American military bases in several Gulf states, deepening a standoff over the strategically vital Strait of Hormuz. The latest exchange casts further doubt over the future of the interim peace agreement signed last month, a deal…
Oil tankers, bulk carriers and vessels sit anchored around Qaboos Port on June 22, 2026, in Muscat, Oman. Elke Scholiers | Getty Images Oil prices rose Sunday evening after the U.S. and Iran traded strikes as they contest control of the Strait of Hormuz, one of the most important trade routes for global energy supplies….
President Donald Trump ordered renewed airstrikes against Iran on Saturday after the Islamic Revolutionary Guard Corps attacked a commercial ship transiting the Strait of Hormuz, the U.S. military said in a statement. The M/V GFS Galaxy, a container ship sailing under the flag of Cyprus, is unable to continue its journey after the Iranian attack…
Iran has closed the Strait of Hormuz until further notice, or “until the end of American interference in this region”, according to state media. The Islamic Revolutionary Guard Corps (IRGC) warned that any US “aggression” as a result of the closure would be responded to with “severity” and new bases in the region would be…
Iranian officials privately told Trump advisers that they made a mistake in shooting at commercial ships in the Strait of Hormuz, that the attacks stemmed from an “errant” sect of hardliners who are trying to undermine negotiations, and that they want to keep talking, senior U.S. officials said on Friday. The White House wants the…
The recovery of shipping through the Strait of Hormuz appeared to have stalled Thursday, with just six tankers making the transit through the gateway to the Persian Gulf, according to data from the Kpler trade intelligence group. Wednesday saw 21 such vessels transit the waterway, but it also saw a sharp escalation in tit-for-tat attacks…
The US has launched a new round of strikes on Iran after President Donald Trump signalled he’d “hit them hard again tonight” following an overnight exchange of attacks on Tuesday. Explosions have been reported by Iranian state media in parts of the country’s south, including Sirik and Bandar Abbas – port cities on the Strait…
Washington — The U.S. military launched another round of strikes against Iran late Wednesday night, U.S. Central Command said, in the second night of attacks as diplomacy between the two countries appears to collapse. CENTCOM said on X that Wednesday’s strikes are intended to “further degrade [Iran’s] ability to threaten freedom of navigation in the…
