118 articles — keywords: Iran
The United Nations Development Program estimates the conflict may cause $299 billion in economic losses to the Asia-Pacific region.
WTI crude crossed $100 per barrel Monday after Netanyahu said the conflict with Iran was "not over" and Trump called Iran's counteroffer "totally unacceptable.
Qatar also sent its first LNG shipment through the Strait of Hormuz since the war began, according to ship-tracking data.
American forces disabled the vessels with precision munitions aimed at their smokestacks as they attempted to dock at an Iranian port in violation of the U.S. naval blockade.
American forces targeted two Iranian ports, Bandar Abbas and Qeshm, after three Navy destroyers were attacked by missiles and drones but not hit.
Iran was expected to respond Thursday to a U.S. one-page framework for ending the war, according to a source cited by CNN.
The British energy giant beat analyst forecasts by more than $800 million but cut its quarterly share buyback from $3.5 billion to $3 billion.
The British retailer lifted its full-year guidance after strong sales growth outpaced rising supply chain expenses linked to the Strait of Hormuz disruption.
Secretary of State Rubio declared Operation Epic Fury concluded while U.S. forces used Project Freedom to escort commercial ships through the contested waterway.
Defense Secretary Pete Hegseth said the ceasefire remains in place after Iran launched drones and missiles at the UAE earlier this week.
Iran says five civilians died when US forces struck passenger vessels traveling from Oman, a claim the US military has not yet responded to.
The bank's expected credit losses hit $1.3 billion, $400 million more than a year earlier, partly due to Middle East conflict exposure.
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