Oil supply crunch intensifies as last Hormuz tankers reach refineries
Final prewar cargoes to leave Gulf set to unload in coming days, escalating a global rush to secure barrels
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Mediators pursue Iran-US deal in back-channel diplomacy
Trump says Iran representatives have ‘called’ and want a deal ‘very badly’
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A major U.S. gasoline production hub is in such a severe drought that its refineries may be hobbled. ‘We are actively praying for a hurricane’
At a time when the Iran war is already raising gas prices, the shortage is hitting an area that produces 5% of the U.S. gasoline supply.
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U.K. won’t take part in Trump’s planned blockade of Hormuz strait
The British government said in a statement Sunday that it continued to call for freedom of navigation and the opening of the strait.
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Stock futures sink while oil spikes as the U.S. Navy looks to squeeze Iran’s economy and break its grip on the Strait of Hormuz
“CENTCOM forces will not impede freedom of navigation for vessels transiting the Strait of Hormuz to and from non-Iranian ports.”
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Hungary’s Orbán concedes defeat as opposition secures landslide win
Tisza party led by Péter Magyar projected to win a two-thirds majority in crushing loss for EU’s longest-serving premier