Iran protests

AMIRHOSSEIN KHORGOOEI / ISNA / AFP via Getty Images

Oil falls 9.5% in steepest drop in months as Iran, US pause attacks

Iran says it is still in control of the Strait of Hormuz and not seeking to resume peace talks with the United States after President Donald Trump halted a two-week bombing campaign.

Amir Hossein KHORGOOEI / ISNA / AFP via Getty Images

Oil tops $90 as Iran warns Hormuz 'will not be safe'

Tensions escalated further after Iran's Islamic Revolutionary Guard Corps vowed on Monday that not a "single drop" of oil or gas would pass through the Strait of Hormuz.

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Oil prices climb to $85 as US-Iran attacks intensify, Hormuz traffic stalls

Brent crude traded at $85.02 a barrel at 11:44 a.m. EDT, up 2.06% from Monday's close after reaching $87.39 earlier on Tuesday.

(Photo by ATTA KENARE / AFP via Getty Images) /

US strikes strategic railway bridge linking Iran to China: What to know

The railway bridge also links Tehran and other southern cities to Mashhad, where large crowds are gathering for the burial ceremony on Thursday of Ayatollah Ali Khamenei.

Latest News

Oil soars more than 6% as Trump rules out Iran deal, threatens more strikes

A cargo ship is pictured off coast of the Khor Fakkan Container Terminal, the only natural deep-sea port in the region and one of the major container ports in Sharjah Emirate, along the Gulf of Oman on June 28, 2026.

Oil prices ease as OPEC+ increases production, Hormuz traffic rebounds

Oil tankers and cargo vessels are anchored off the coast of Oman after being stranded for days as congestion at Port Sultan Qaboos has prevented them from docking on June 23, 2026 in Muscat, Oman. The Strait of Hormuz, a vital shipping route for the region's oil and gas, was effectively blockaded since the outbreak of war between the United States and Iran in late February. This week's provisional peace deal between the countries was meant to reopen the waterway to shipping traffic, but the pace of that reo

Iran’s hard-line judicial chief Mohseni Ejei gets second term: What to know

Gholam Hossein Mohseni Ejei

Traffic plummets through Strait of Hormuz after Iran, US trade fire

AFP via Getty Images

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Oil falls below $74 as Hormuz traffic recovers after Iran war

Brent crude, the international benchmark for oil prices, was trading at $73.81 a barrel at 10:40 a.m. EDT, down 4.2% from Tuesday's close.

People from Tehran province gather in support and allegiance to Iranian Supreme Leader Mojtaba Khamenei, while holding Iranian flags and images of both the new and former leaders of Iran, on June 12, 2026, at Palestine Square in Tehran, Iran.

Analysis

Deal with US tests Iran's post-Khamenei power balance

It would be a mistake to treat the hard-liners who oppose the deal as fringe.

Jamshid Jamshidi

By Jamshid Jamshidi

A picture taken on June 5, 2017, shows a man walking past the Qatar National Bank branch in the Saudi capital Riyadh.

Gulf investment to turn inward to rebuild postwar infrastructure: QNB

Charles-Emmanuel de Beauregard, Qatar National Bank’s head of corporate and institutional banking, said that the Gulf countries will need to rebuild their logistics capabilities after the closure of the Strait of Hormuz.

Kazuhiro NOGI / AFP via Getty Images

Oil falls below $80 as markets rally on Iran-US peace deal: What to know

Brent crude futures, the international benchmark for oil prices, fell around 3.15% to $79.99 as of 6:55 a.m. EDT on Monday.

KHALED DESOUKI/AFP via Getty Images

Suez Canal traffic soars as Hormuz disruptions reroute energy trade

The canal generated $419 million in revenue in April, up 27% year over year.

Amjad Kurdo / Middle East Images / AFP via Getty Images

Explainer

How Iran war created unexpected economic beneficiaries

The Strait of Hormuz crisis is reshaping global energy and trade flows, creating opportunities for economies far beyond the Middle East.

Tankers are seen at the Khor Fakkan Container Terminal, the only natural deep-sea port in the region and one of the major container ports in the Sharjah Emirate, along the Strait of Hormuz, a waterway through which one-fifth of global oil output passes on June 23, 2025.

UAE eyes first multifuel pipeline as Hormuz crisis drags on

State-owned Abu Dhabi National Oil Company is considering building a refined oil products pipeline that bypasses the Strait of Hormuz.

United Arab Emirates

Mario Tama/Getty Images

Container rates climb as logistic firms scale up Hormuz alternatives

The Drewry World Container Index measuring container shipping prices has soared by more than 40% since the start of the US-Israel-Iran war.

United Arab Emirates

Iran's Parliament Speaker Mohammad Bagher Ghalibaf speaks during an election campaign rally ahead of the presidential vote in Tehran on June 15, 2024.

Explainer

From China to Qatar: Where Iran’s frozen assets are held

Tehran is reportedly demanding some $24 billion in frozen funds be unblocked as part of a peace deal with the United States.

An Iranian woman walks past a mobile phone shop at the Valiasr Square in Tehran on April 19, 2026.

Iran partially restores internet after 88-day blackout: What to know

The move comes after a nearly three-month internet blackout, marking it as one of the longest outages ever.

Jag Vasant, an Indian-flagged tanker carrying liquefied petroleum gas (LPG) that transited through the Strait of Hormuz amid the Middle East war, remains docked at an offloading terminal along the coast in Mumbai on April 1, 2026.

Uptick in Chinese tankers transiting Hormuz amid Trump-Xi summit

President Donald Trump met Chinese President Xi Jinping in Beijing on Thursday, a meeting closely watched in Iran.

United Arab Emirates

Mahmoud Karimi, a maddah, leads a mourning ritual during the Muslim month of Muharram in the lead-up to Ashura, a 10-day period commemorating the seventh century killing of Prophet Mohammed's grandson Imam Hussein in Tehran on July 3, 2025.

Analysis

Why Iran’s regime didn't break: The hidden networks behind its survival

Informal structures like religious networks, tribal groups and patronage ties have allowed Iran's state to weather prolonged strain and war.

Jamshid Jamshidi

By Jamshid Jamshidi