News
Producer prices shot up 6%, adding pressure on companies to hike prices for struggling customers
2+ hour, 56+ min ago (657+ words) The Labor Department reported Wednesday that its producer price index " which tracks inflation before it hits consumers " shot up 1. 4% in April, the biggest monthly gain in more than four years. Energy prices climbed 7. 8% from March to April and 22. 7% from a…...
Trump says ceasefire is on 'life support' as Iran standoff deepens and strait remains closed
2+ day, 3+ hour ago (831+ words) The stalled diplomacy and recent exchanges of fire could tip the Middle East back into open warfare and prolong the worldwide energy crisis sparked by the conflict, with Iran's chokehold on the Strait of Hormuz and America's blockade of Iranian…...
Iran war disruptions spark higher costs and lost income in Bangladesh
2+ day, 23+ hour ago (858+ words) The 53-year-old father of four fears the strain will worsen if the war drags on, saying long hours waiting for fuel have sharply cut his income and made it increasingly difficult to support his family in Dhaka, the nation's capital,…...
Israeli drone strikes near Beirut kill 4 and southern airstrikes kill at least 13
3+ day, 20+ hour ago (611+ words) The three drone strikes south of Beirut marked another escalation since a ceasefire between Israel and Hezbollah went into effect on April 17. Both Israel and Hezbollah have continued their daily attacks despite the truce. On Wednesday night, Israel's air force…...
US fires on and disables 2 more Iranian tankers as tensions rise in the Strait of Hormuz
3+ day, 22+ hour ago (955+ words) The attacks cast more doubt on a tenuous month-old ceasefire that the United States has insisted is still in effect. Washington is awaiting an Iranian response to its latest proposal for a deal to end the war, reopen the strait…...
Iran reviewing US proposal as Trump pressures Tehran for agreement on deal to end war
6+ day, 11+ hour ago (725+ words) If they don't agree, the bombing starts," Trump wrote. A fragile ceasefir e between the U. S. and Iran has largely held since April 8. But in-person talks between the two countries hosted by Pakistan last month failed to reach an agreement. The…...
The Latest: US military fires on Iranian-flagged oil tanker as Trump presses for deal to end war
1+ week, 5+ hour ago (1768+ words) A U. S. fighter jet on Wednesday fired on an Iranian oil tanker in the Gulf of Oman as it tried to breach the U. S. blockade of Iran's ports, the U. S. military said. The attack occurred as Iran and the U. S. are officially in a…...
US fires on Iranian oil tanker as Trump pressures Tehran for deal to end war
1+ week, 12+ hour ago (1207+ words) An American fighter jet shot out the rudder of the tanker in the Gulf of Oman as it tried to breach the U. S. military's blockade of Iran's ports, U. S. Central Command said in a social media post. The attack occurred as Iran…...
The Latest: Trump threatens bombing if Iran doesn't reopen strait
1+ week, 5+ hour ago (1749+ words) Also Wednesday, Commerce Secretary Howard Lutnick is appearing before a House committee investigating convicted sex offender Jeffrey Epstein as lawmakers seek answers for Lutnick's contact with him in the years after 2008. Lutnick has given contradictory statements about his relationship with…...
China's top envoy meets with Iran's in Beijing as Trump pauses US effort in the Strait
1+ week, 1+ day ago (1159+ words) Meanwhile, Iran's Foreign Minister Abbas Araghchi met with his Chinese counterpart, Wang Yi, in Beijing on Wednesday morning, the official Xinhua news agency reported, without providing further details. It was the first time since the start of the war that…...