Iran, Defense, Markets & Diplomacy Coverage
715 articles · page 23 of 24
Spirit Airlines Folds, First US Corporate Casualty of Hormuz Oil Shock
Spirit cancelled all 9,000 May flights and began an orderly wind-down Saturday after a proposed $500M federal bailout collapsed, citing record jet-fuel prices.
Trump Claims Iran Hostilities 'Terminated' to Dodge War Powers Deadline
Trump sent Congress a letter declaring Iran hostilities 'terminated' as the 60-day War Powers deadline hit, even as the U.S. Navy blockade of Iranian ports remains in force.
Trump Rejects Iran Peace Proposal, Threatens to 'Blast Them Away'
Trump said Friday he cannot accept Iran's latest peace terms delivered via Pakistan, warning of military escalation while Hormuz stays closed and oil holds near $108.
EIA Forecasts $115 Brent Peak as Hormuz Cuts 6.7 mb/d in May
U.S. and international energy agencies report the deepest supply disruption on record, with EIA projecting Brent to peak at $115 in Q2 and gasoline averaging $3.70 this year.
US Sanctions Chinese Oil Terminal in 12th Iran Crude Crackdown
State and Treasury designated Qingdao Haiye Oil Terminal and three Iranian currency exchange houses for processing tens of millions of barrels of sanctioned Iranian crude.
IRGC Warns of 'Long, Painful Strikes' on US Gulf Positions
A senior IRGC official threatened sustained retaliation against US Gulf-region bases if Washington launches new strikes, hours after Trump was briefed on three military options against Iran.
IAEA Chief Grossi: Iran's Uranium Stockpile Likely Survived Strikes
IAEA Director General Grossi says Iran's enriched uranium stockpile is probably intact inside Isfahan's underground complex, complicating US claims of successful denuclearization.
14 IRGC Personnel Killed in Zanjan Ordnance Blast
An explosion during an IRGC demolition operation in Zanjan province killed 14 personnel and wounded two, the largest single-incident toll since the April 7 ceasefire.
OFAC Warns: Paying Iran's Hormuz Crypto Toll Triggers Sanctions
Treasury's OFAC issued a May 1 alert warning that any payment to Iran for Hormuz transit — fiat, crypto, stablecoins, or informal swaps — exposes both US and non-US persons to sanctions.
CENTCOM Briefs Trump on Iran Strike Options, Including Hormuz Seizure
CENTCOM Commander Brad Cooper briefed Trump for 45 minutes on May 1 on strike packages including a Hormuz seizure plan and a special forces uranium operation.
Tehran Air Defenses Fire on Reconnaissance Drones Over Capital
Iranian state media reports Tehran's air-defense guns opened fire on UAVs over western, central, and southeastern districts for roughly 20 minutes on May 1, with no casualties and no party claiming the aircraft.
Brent Crude Falls to $108 on Iran Peace Signal
Brent crude settled at $108.17 Friday as Iran peace-talk optimism trimmed a $126 peak, but Hormuz war-risk insurance remains effectively closed and the nuclear file unresolved.
Trump Rejects Iran Peace Proposal, Cites Unacceptable Terms
President Trump says Iran's latest offer through Pakistan includes demands he cannot accept, as CENTCOM has briefed him on three military options and oil holds near $108.
CENTCOM Requests First Combat Use of Dark Eagle Hypersonic Missile
U.S. Central Command has asked the Pentagon to authorize deployment of the Dark Eagle hypersonic missile against Iran — what would be the weapon system's first combat use.
Murkowski Drafts AUMF for Iran With Congressional Guardrails
Sen. Lisa Murkowski plans an Iran war authorization with built-in requirements for defined objectives — distinct from Democratic termination resolutions and not a blank check.
IAEA Blind Spot: Iran's 440kg of 60% Uranium in Isfahan Tunnels
IAEA Director Grossi says satellite imagery places roughly half of Iran's 440kg 60%-enriched uranium stockpile in Isfahan's underground tunnels, with no inspectors on site since February.
Iran Sends Peace Proposal to Pakistan Mediators
Tehran offers phased Hormuz reopening via Pakistan backchannel, deferring nuclear concessions. Trump signals skepticism; new Supreme Leader issues Gulf warning.
War Powers Clock Expires With No Congressional Authorization
The 60-day War Powers Resolution deadline passed May 1 as the Senate blocked a withdrawal measure 50-47, leaving U.S. forces in the region without explicit congressional sanction.
Iran's Blockade Defiance: Endurance Strategy and Nuclear Opacity
Pezeshkian declared the US blockade doomed to fail on Persian Gulf National Day as Iran banks on oil reserves and IAEA inspectors remain locked out of Isfahan.
USS Gerald R. Ford to leave Middle East as blockade hardens, cutting US carriers in theater from three to two
The USS Gerald R. Ford will sail home from CENTCOM in the coming days after a record 309-day deployment, dropping US carrier presence in theater from three to two as the Trump administration hardens its long-blockade posture against Iran.
Hegseth tells Senate Trump needs no Iran war vote on day 60
Defense Secretary Pete Hegseth told the Senate Armed Services Committee the April 8 ceasefire paused the War Powers clock, drawing pushback from GOP senators a day before the 60-day cliff.
CENTCOM to brief Trump on Iran strike options as War Powers clock runs
Adm. Brad Cooper and Gen. Dan Caine are presenting Trump with new Iran options, including infrastructure strikes and a possible Hormuz ground operation, on the eve of a 60-day War Powers Act deadline.
Brent crosses $126 intraday as Trump rejects Iran's Hormuz proposal
Brent briefly traded above $126 Thursday before settling near $120 after the president rejected Tehran's offer to lift the Hormuz blockade in exchange for delayed nuclear talks.
Powell holds at 3.50-3.75% in final FOMC as four dissent over oil shock
The Federal Reserve voted 8-4 to keep rates steady in Jerome Powell's last meeting as chair, the first four-dissent decision since 1992 as a Hormuz oil shock revives inflation fears.
Trump Posts 'No More Mr. Nice Guy,' Cancels Islamabad Talks
Trump rejected Iran's Hormuz proposal, canceled Pakistan-mediated talks, and threatened an extended blockade as Brent crude held above $114 for an eighth straight session.
GCC Leaders Demand Permanent Hormuz Settlement at Jeddah Summit
Gulf Cooperation Council heads of state met in Jeddah for their first in-person summit since the war began, calling for a permanent Hormuz navigation agreement as Iran's latest proposal was rejected by the US.
Hegseth: Iran War Has Cost $25 Billion in First Hill Hearing
Defense Secretary Hegseth and Gen. Caine faced Congress for the first time since Operation Epic Fury began, as the acting comptroller put the war tab at $25 billion.
Putin Backs Iran as Araghchi Visits St. Petersburg
Russia pledged full support to Iran as Foreign Minister Araghchi met Putin in St. Petersburg, deepening the diplomatic rift over the U.S. naval blockade of the Strait of Hormuz.
UAE Quits OPEC on May 1, Stripping Cartel of No. 3 Producer
The UAE announced its exit from OPEC effective May 1, removing the cartel's third-largest producer as Brent crude trades above $114 amid a closed Strait of Hormuz.
Iran war hits 60-day mark as Trump faces May 1 War Powers cutoff
Day 60 of U.S. operations against Iran lands April 29 with a fourth war-powers resolution defeated, Murkowski drafting an AUMF, and a May 1 deadline looming.