Oil prices rose Monday as doubt grew that the U.S. and Iran will reach a deal to increase ship traffic through the Strait of Hormuz. U.S. West Texas Intermediate futures climbed 2.9% to $80.42 per barrel by 10:25 a.m. ET. Brent crude, the international benchmark, was up 2.8% to $85.87 a barrel. President Donald Trump told Axios…
This picture shows ships sailing near the Strait of Hormuz off the eastern coast of the United Arab Emirates at Khor Fakkan on July 13, 2026. AFP | Getty Images Abu Dhabi’s National Oil Company (ADNOC) said one of its vessels was targeted by a missile while transiting the Strait of Hormuz in the early…
The U.S. and Iran could reach a deal on Tuesday or Wednesday to reopen the Strait of Hormuz with freedom of movement for commercial ships, Treasury Secretary Scott Bessent said in an interview. “We are in talks with the Iranians,” Bessent told CNBC’s “Squawk Box.” “There is a chance we may have a deal today…
26m ago Israel “will not retreat from its current stance” in Gaza, senior Israeli political source tells CBS News Israel “will not retreat from its current stance” in Gaza, a senior Israeli political source told CBS News, after Hamas said Israeli escalation in the enclave was threatening negotiations. Israel on Monday said it had…
A woman walks past war-themed graffiti and murals painted on walls along the capital Tehran’s streets and avenues as air defense systems are activated during the night while daily life continues in the shadow of rising military tensions between the US and Iran on July 22, 2026 in Tehran, Iran. Fatemeh Bahrami | Anadolu |…
Ukraine’s President Volodymyr Zelenskyy said Monday that he wants to avoid opening a “new front” after Ukraine’s military struck an Iranian commercial vessel in the Caspian Sea on Saturday. “We have to be careful. We have to do everything we can to not open a new front in any way,” Zelenskyy told Britain’s Sky News…
Before the war in Iran, roughly 15 million barrels of Persian Gulf oil were shipped each day through the Strait of Hormuz. Within a few years, much of that oil could bypass the strait. As Iran’s chokehold on the strait drags on and oil prices surge — to over $100 per barrel for Brent Crude…
Kevin Warsh, nominee to chairman of the Federal Reserve, testifies during his Senate Banking, Housing and Urban Affairs Committee confirmation hearing in Dirksen building on Tuesday, April 21, 2026. Tom Williams | CQ-Roll Call, Inc. | Getty Images Treasury yields rose on Monday as the ceasefire agreement between the U.S. and Iran came under increasing…
Large commercial vessels and a small boat navigate the waters off the southern port city of Bandar Abbas, Iran on June 21, 2026. Anadolu | Anadolu | Getty Images A tanker in the Strait of Hormuz was reported to have been struck by a projectile on Saturday, the latest escalation of tensions between the U.S….
Iran’s Revolutionary Guards attacked a Singapore-flagged commercial vessel in the Strait of Hormuz on Thursday, a U.S. official confirmed to CBS News, posing a challenge to President Trump’s efforts to reopen the critical shipping corridor. The ship’s bridge was damaged after it was struck on its starboard side by an “unknown projectile” off the coast…
