Americans spent more at retail stores and restaurants in July, a sign that concerns over weakening economic growth and a persistent trade war that has roiled financial markets have yet to dampen consumer confidence.
An Iranian oil tanker held for over a month by British authorities was released Thursday, despite a legal bid by the U.S. to take over the seizure.
As Iran seeks to intimidate its way out of US-led economic sanctions, including by seizing tankers in the Strait of Hormuz, a top Israeli expert has warned that Israel would be immensely vulnerable if Tehran extends this tactic to a second strategic waterway.
Iran’s Islamic Revolutionary Guard Corps has warned there’s a potential for war if Israel joins the maritime coalition in the Persian Gulf.
Iran on Tuesday declared its intention to further disrupt oil traffic in the Strait of Hormuz, announcing a naval drill to take place with Russia later this year in the disputed waterway.
A yearlong U.S.-China trade war boiled over on Monday as Washington accused Beijing of manipulating its currency after China let the yuan drop to its lowest point in more than a decade.
U.S. President Donald Trump imposed a freeze on all Venezuelan government assets in the United States on Monday, sharply escalating an economic and diplomatic pressure campaign aimed at removing socialist President Nicolas Maduro from power.
Iran seized a foreign oil tanker and its seven crew members in the Persian Gulf last week, state media reported Sunday, the third time the Iranian Revolutionary Guard Corps has detained a ship in less than a month.
Protesters in Hong Kong are calling for the release of forty-four activists imprisoned during the street demonstrations that have embroiled the former British colony for the last eight weeks.
A series of arms sales by the Trump administration to the kingdom of Saudi Arabia were pushed through Monday, after Republicans and Democrats failed to buoy resolutions blocking the sales against vetoes from Trump.
Russia and Iran moved to strengthen their military ties this week, ahead of a joint Russian-Iranian naval drill slated to take place between the Indian Ocean and contested strait of Hormuz over the next year.
Britain has started sending a warship to accompany all British-flagged vessels through the Strait of Hormuz, a change in policy announced Thursday after the government previously said it did not have resources to do so.
Residents across Europe suffered from a second day of record-setting heat on Thursday, as the second heat wave of the summer continues to bake the region.
U.S. military officials see a high risk of ‘unintended conflict’ with Iran due to rising tensions in the Persian Gulf, according to top Pentagon official.
Britain on Saturday denounced Iran’s seizure of a British-flagged oil tanker in the Gulf as a ‘hostile act’ and rejected Tehran’s explanation that it seized the vessel because it had been involved in an accident.
Iran’s Revolutionary Guards seized two oil tankers in the Strait of Hormuz, officials in London said, in a move that appeared to infuriate American and British leaders.
U.S. and Chinese officials spoke by telephone on Thursday as the world’s two largest economies seek to end a year-long trade war, with U.S. Treasury Secretary Steven Mnuchin suggesting in-person talks could follow.
Iran said Thursday its Revolutionary Guard seized a foreign oil tanker and its crew of 12 for smuggling fuel out of the country, and hours later released video showing the vessel to be a United Arab Emirates-based ship that had vanished in Iranian waters over the weekend.
Iran’s state television said Thursday that regime forces captured a foreign tanker with a crew of 12 accused of smuggling oil.
A small oil tanker from the United Arab Emirates traveling through the Strait of Hormuz entered Iranian waters and turned off its tracker two days ago, leading the US to suspect Iran seized the vessel amid heightened tensions in the region, an American defense official said Tuesday.