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Hegseth says clock paused on deadline to seek approval for Iran war

Hormuz waterway is still effectively closed - causing economic impacts around the world. Answering questions from senators on Thursday, Hegseth said: "We are in a ceasefire right now, which our understanding means the 60-day clock

Iran warns of readiness for war and economic costs as US talks falter

conflict began on February 28, resulting in the effective closure of the Strait of Hormuz, where around a fifth of the world’s oil and gas is normally shipped. “Americans are told that they must

Hormuz effect? How US, China are ramping up tensions over the Panama Canal

causing oil prices to soar. Later, [Iran began charging tolls](/news/2026/3/26/tehranstollbooth-how-iran-picks-who-to-let-through-strait-of-hormuz) for passage through – a move until now unheard of for a strait. Despite a fragile ceasefire, Washington, in an attempt to pressure Iran

Tehran will never cede control of Strait of Hormuz, senior Iranian politician tells BBC

causing growing economic shocks worldwide, it's becoming clear this is not a short-term crisis to be resolved in a day. War has handed Tehran what it sees as a new weapon - Azizi described

Why the RBA is predicted to deliver a third straight interest rate hike this week

Hormuz hike”. There’s a nearly 80% chance that the Reserve Bank will deliver a third straight interest rate rise on Tuesday, according to financial markets. Higher interest rates are always unwelcome for the roughly

US, Iran agree on ‘roadmap’ towards final deal in Switzerland talks

conflict as Iran-aligned Hezbollah attacked Israel in response to the US-Israeli attacks on Iran, prompting Israel to launch a wide-scale bombing campaign and ground invasion of southern Lebanon. After a series

Iran fires missiles in Kuwait and Bahrain, U.S. strikes Iran facility

us have been going on continuously, including four days ago, three days ago, two days ago, one day ago and today," Trump said in a social media post. "Where they lead, one never knows

War preparations under way in Iran as Hormuz tensions with US escalate

Hormuz with all strength” in response to US President Donald Trump’s [announcement](/news/2026/5/3/trump-says-us-will-help-free-up-ships-stuck-in-hormuz-strait) on Sunday that the US would “guide” vessels stranded by the US-Israeli war on Iran through the key waterway

The U.S. blockade continues despite Iran's announcement the Strait of Hormuz is open

conflict: [World leaders on ceasefire](https://www.npr.org/2026/04/17/g-s1-117788/middle-east-conflict-israel-lebanon-us-updates#One) | [Lebanon reactions](https://www.npr.org/2026/04/17/g-s1-117788/middle-east-conflict-israel-lebanon-us-updates#Two) | [Strait of Hormuz](https://www.npr.org/2026/04/17/g-s1-117788/middle-east-conflict-israel-lebanon-us-updates#Three) --- ## **World leaders urge restraint as an Israel-Lebanon ceasefire takes hold** ![A man walks among debris

Africa sees winners and losers as Iran war pushes up oil prices

caused by the United States and Israel’s assault on Iran, with rising energy prices leading to spiralling costs for businesses, small and large, across the continent. Wainaina works six days a week, usually starting

Trump accuses ally Meloni of lacking courage for not joining attacks on Iran

conflict, particularly fears of economic fallout. Concerns have intensified in recent weeks over disruptions to global energy supplies, with the effective blockade of the strait of Hormuz contributing to a sharp rise in diesel prices

Middle East crisis could cost world $1tn while oil firms make ‘obscene’ profit, analysis finds

Iran. Photograph: Asghar Besharati/AP The contrast with the fortunes of US and other non-Gulf-centred petroleum companies could not be more stark. On Tuesday, BP said its profits for the first quarter

Indian outrage over US killing of sailors mounts as leaders attend G7 summit

Hormuz. The deaths were the first fatalities since the US military began in April its blockade of the strait in an attempt to squeeze Iran’s economy and push its government towards a peace deal

Trump shelved ‘Project Freedom’ after Saudis refused use of bases and airspace

Hormuz lay behind Donald Trump’s decision to shelve the plan days after it had been launched. Riyadh told the White House it would not allow its Prince Sultan airbase to be used to mount

What people in power think the impact of the Iran war will be

Hormuz south of Iran and 7,000 miles away in the White House. This week was the unique opportunity for the rest of the world to make its economic case to US President Donald Trump

Offensive stage of Iran war is over, US Secretary of State Rubio says

Hormuz, calling it a "dangerous escalation". Iran on Tuesday denied launching any attacks on the UAE, with a military spokesman saying that, "If such an action had been taken, we would have announced it firmly

Europe’s smaller airports ‘under threat’ if fuel shortages cause many cancellations

cause many cancellations Europe’s smaller airports may not survive if [jet fuel shortages](https://www.theguardian.com/business/2026/apr/16/europe-supply-jet-fuel-iran-war-flight-cancellations-iea) triggered by the Middle East crisis lead to widespread route cancellations, the industry’s trade body has warned

We can make sure another Chornobyl disaster does not happen, here is how

caused by the Russian drone attack at Chornobyl. In Iran, multiple nuclear sites have been repeatedly bombed. The International Atomic Energy Agency has also confirmed that US-Israeli strikes hit within 75 metres

First Thing: China trip winds down but Trump-Xi Iran accord remains elusive

Iran and said the strait of Hormuz should be opened “as soon as possible”. Ahead of the summit, there was speculation the US might appeal to [China](https://www.theguardian.com/world/china), the biggest buyer of Iranian

US-Iran deal eases uncertainty over the war - but there is much still to play out

Hormuz and The US blockade of Iranian ports, although this may not be immediate. That will go some way to relieving pressure on President Trump over the harm to the global economy caused