Trump Drops Plan to Tax Ships in Strait of Hormuz as Fighting with Iran Escalates
The president’s proposal to impose a fee on shipping in the Strait of Hormuz threatened to increase global energy prices.
The president’s proposal to impose a fee on shipping in the Strait of Hormuz threatened to increase global energy prices.
Reza Zarrab’s cooperation exposed a financial pipeline to Iran’s regime, threatening to bring down powerful people in Turkey. A decade later, the case has been closed.
The meeting comes as President Trump’s administration has been ratcheting up pressure on Baghdad to diminish Iran’s influence in Iraq.
The president now wants Gulf nations to invest in the U. S. in exchange for safe passage.
India issued a diplomatic protest after an Indian sailor was killed and dozens more were injured in an Iranian attack on a tanker in the Strait of Hormuz.
The rushed U. S. -Iran agreement is sliding backward, potentially transforming a short-term crisis into a long, intractable war.
President Trump announced a 20 percent fee on cargo through the waterway, despite his own administration’s position that such fees violate international law.
Brent crude, the international benchmark, breached $85 per barrel for the first time in a month.
President Trump notified Congress that he had resumed strikes on Iran, as the cease-fire effectively collapsed. He also ordered a naval blockade and announced shipping tolls in the Strait of Hormuz.
The potential expense of a 20 percent charge to move oil and other goods through the strait has stirred concern among shippers.
Here’s the wild back story behind a failed plan to install Mahmoud Ahmadinejad as Iran’s next leader.
After several days of attacks, Tehran and Washington have effectively reverted to the state of open conflict that existed before the United States and Iran agreed to a cease-fire in June.
President Trump said the United States could collect tolls or fees, despite Vice President JD Vance and Secretary of State Marco Rubio saying no country could do so.
Some Iranians are calling for revenge against President Trump and Prime Minister Benjamin Netanyahu of Israel for the February killing the country’s supreme leader.
The use of unmanned vessels to attack Iranian naval installations offers new evidence of how drones are taking over modern warfare.
President Trump said the United States could collect tolls or fees, despite Vice President JD Vance and Secretary of State Marco Rubio saying no country could do so.
The Iran-backed Houthi rebels in Yemen accused Saudi Arabia of striking an airport in the Yemeni capital, Sana. The escalation came after a dispute over an Iranian plane that carried Houthi officials to Tehran.
Her best-known work, “Women Without Men,” was longlisted for the International Booker Prize this year.
For decades, OPEC influenced the market by how much oil it produced. But China, the largest importer, is demonstrating its remarkable power over prices.
Some Iranians are calling for revenge against President Trump and Prime Minister Benjamin Netanyahu of Israel for the February killing the country’s supreme leader.