Iran war’s cost grows to $43.6 billion in new US military estimate
UK to offer Saudi Arabia aerial refueling to counter Houthi attacks
The Houthis advanced inside Yemen earlier this month, seizing the crucial port city of Mokha and key Red Sea islands allowing them to better monitor shipping traffic through the Bab el-Mandeb, through which some 12% of world trade normally passes.
Trump says US and Iranian officials met Tuesday, shortly after warning he may 'annihilate' Iran
In defiant speech, Pezeshkian calls out Trump and says Iran will fight 'until our last breath'
Shortly after, both U.S. and Israeli officials blasted the speech, saying that it was hypocritical for the Islamic Republic to present itself as the victims of the world.
Gulf nations have found ways to keep oil flowing through the Iran war, but the costs are mounting
With oil now at around $100 a barrel — higher than before the war but not as bad as feared — Iran has diminished leverage, while a U.S. naval blockade and tightened sanctions smother its own economy.
Iran proposes a deal to reopen the Strait of Hormuz in 7 days if the US meets its conditions
The White House said Friday that U.S. officials are having positive and constructive conversations with mediators on the Iran war. In response to questions from The Associated Press, it said the U.S. is facilitating significant oil exports through the Strait of Hormuz.
Iran's currency hits a new record low as war erodes the country's economic stability
Iran indicates it's received an official US response to its latest offer on ending the war
Araghchi last week said he floated the proposal to reopen the strait in a week if the U.S. agreed to lift its blockade of Iranian ports, release frozen Iranian assets and waive sanctions on Iranian oil sales, among other conditions.
Pilot stabbing raises aviation security questions, further unsettles a region shaken by US-Iran war
Dubai has been a popular destination for Israelis since Israel and the UAE established ties in 2020 as part of the Trump administration's Abraham Accords to normalize ties between Israel and Arab countries.
