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strait of hormuz

U.S. considers gas tax holiday as Canada moves ahead

(The Center Square) – Americans could soon pay more at the pump as the U.S.-Iran conflict disrupts oil markets, while lawmakers debate suspending the federal gas tax, a move Canada has just taken. Similar plans have been discussed in the U.S., but have yet to advance. In early

IMF cuts 2026 global growth forecast on Mideast war

IMF cuts 2026 global growth forecast on Mideast war

The IMF cut its 2026 global growth projection Tuesday, warning that the world economy could be "thrown off course" by war in the Middle East -- as the conflict roils commodity markets and sparks higher prices. The global economy is set to grow by 3.1 percent this year,

France, UK to host Hormuz talks Friday: French presidency

France, UK to host Hormuz talks Friday: French presidency

France and Britain will co-host a video conference Friday of countries ready to contribute to a "purely defensive mission" to secure the Strait of Hormuz, the French president's office said. President Emmanuel Macron and British Prime Minister Keir Starmer will co-chair the meeting to

Lebanon, Israel to hold direct talks as Trump blockades Iran

Lebanon, Israel to hold direct talks as Trump blockades Iran

Lebanese and Israeli representatives were set to meet Tuesday in Washington for their first direct talks in decades, but Hezbollah's opposition to the US-mediated negotiations signalled little prospect of an agreement to stop fighting. The United States is pressing for a halt to the conflict between Israel

US blockade of Iran ports threatens already crippled oil supply

US blockade of Iran ports threatens already crippled oil supply

Washington's decision to blockade Iranian ports in the Strait of Hormuz is sending tremors through global energy markets, raising fears of a fresh oil shock by threatening supplies to Asia. Iran had continued to pump crude to Asia since the start of the Middle East war, partly shielded

War in the Middle East: latest developments

War in the Middle East: latest developments

The latest developments in the Middle East war: - China urges talks - China's President Xi Jinping vowed Tuesday his country would play a "constructive role" in promoting further peace talks and called for the national sovereignty of countries in the Middle East and Gulf to be "

Iran slams US blockade as 'grave violation of sovereignty'

Iran slams US blockade as 'grave violation of sovereignty'

Iran slammed a US blockade around its ports on Monday as a "grave violation" of its sovereignty, as Washington and Tehran's belligerent rhetoric rattled a fragile truce. "The imposition of a maritime blockade constitutes a grave violation of the sovereignty and territorial integrity of the