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Iran War: U.S. Navy will escort vessels through Strait of Hormuz as soon as ‘militarily possible,’ Bessent tells Sky News
The U.S. Navy will begin escorting ships through the Strait of Hormuz as soon as “militarily possible,” Treasury Secretary Scott Bessent told Sky News on Thursday. “That was always in our planning, that there’s the chance that the U.S. Navy or perhaps an international coalition will be escorting oil tankers through,” Bessent said in that […]
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Iran Supreme Leader Mojtaba Khamenei has verified account on X, Elon Musk’s platform
Mojtaba Khamenei; the son of the Iranian Supreme Leader Ayatollah Ali Khamenei; is seen in Tehran; Iran; on December 14; 2016. Reza B | Afp | Getty Images Iran’s new supreme leader, Ayatollah Mojtaba Khamenei, has a new “verified” account on X, the influential social media platform owned by Elon Musk. Khamenei, whose X handle […]
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‘Winners have become losers, losers have become winners’ — how the Iran war is driving a new market rotation
The Iran war is forcing a rapid rethink among U.S.-wary global investors, who are increasingly scaling back their ‘Sell America’ bets and instead seeking sanctuary in the world’s largest and most liquid market. Nick Nelson, head of global equity strategy at Absolute Strategy Research, said that in the run-up to the conflict, the U.S. had […]
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Trump raises the stakes on China with Section 301 trade probe, weeks before Beijing summit
TOPSHOT – US President Donald Trump (L) and China’s President Xi Jinping arrive for talks at the Gimhae Air Base, located next to the Gimhae International Airport in Busan on October 30, 2025. Donald Trump and Chinese leader Xi Jinping will seek a truce in their bruising trade war on October 30, with the US […]
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Strait of Hormuz must remain closed as ‘tool to pressure enemy,’ Iran’s new supreme leader says
Son of Iran’s Supreme Leader Ayatollah Ali Khamenei, Mojtaba Khamenei, attends a demonstration to mark Jerusalem day in Tehran. Morteza Nikoubazl | Nurphoto | Getty Images Iran’s new Supreme Leader Mojtaba Khamenei has said all U.S. military bases in the Middle East should close immediately as those bases will be attacked, in his first public […]
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Energy Secretary Wright says U.S. ‘not ready’ to escort tankers through Strait of Hormuz yet
The U.S. Navy is not ready to escort oil tankers through the Strait of Hormuz, Energy Secretary Chris Wright told CNBC in an interview Thursday. “It’ll happen relatively soon but it can’t happen now,” Wright said. “We’re simply not ready. All of our military assets right now are focused on destroying Iran’s offensive capabilities and […]
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India’s consumer inflation rises to 3.21% in February as oil risks loom
Fuel nozzles hang at a petrol pump at a fuel station in Guwahati, India, on March 11, 2026. Oil prices reverse course from recent highs, slipping to around 90 USD a barrel after remarks by U.S. President Donald Trump on the Iran conflict. Markets remain unsettled as traders monitor the evolving geopolitical situation. (Photo by […]
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Flights are already getting more expensive after jet fuel spike. When should you book?
Travelers wait in line at a Transportation Security Administration (TSA) checkpoint at William P. Hobby Airport in Houston, Texas, US, on Monday, March 9, 2026. Mark Felix | Bloomberg | Getty Images The surge in fuel prices since the U.S. and Israel attacked Iran nearly two weeks ago is already driving up airfare. Consumers’ appetite […]
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‘Please, please, please’: Denmark urges citizens to avoid driving as oil prices spike
Gasoline prices at a Uno-X gas station in Copenhagen, Denmark, on March 9, 2026. Nurphoto | Nurphoto | Getty Images Denmark’s energy minister urged citizens of the Scandinavian country to cut back on energy use and ditch cars as the price of oil continues to skyrocket amid the Middle East conflict. Lars Aagaard, Denmark’s minister […]
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European stocks fall further as oil prices jump despite reserve release; Leonardo shares pop 8%
An oil pumpjack operates in the Inglewood Oil Field on March 10, 2026 near Los Angeles, California. Mario Tama | Getty Images LONDON — European stocks extended losses on Thursday as investors monitor the Iran war and volatile global oil prices. Shortly after the opening bell, the pan-European Stoxx 600 was down 0.5%, with most […]
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