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2d ago

Few deals from Trump’s trip and no progress on Iran send global markets into a sell-off

U.S. crude oil jumped to more than $105 a barrel, a gain of 9% just this week.
A person walks past a gas station on Wednesday, May 6, 2026, in Portland, Ore.
A person walks past a gas station on Wednesday, May 6, 2026, in Portland, Ore.

Iran has ‘no trust’ in the U.S., will negotiate only if it is serious, Araghchi says

Iran’s foreign minister cited “contradictory messages” from the U.S. as ‌talks on ending the war remained on hold.
RUSSIA-IRAN-POLITICS-DIPLOMACY
RUSSIA-IRAN-POLITICS-DIPLOMACY
2d ago

UAE to accelerate new oil pipeline project to expand ability to bypass Hormuz

The UAE and Saudi Arabia are the only Gulf producers with pipelines that export crude outside the Strait of Hormuz, while Oman has a long coastline on the Gulf of Oman.
Vessels in Strait of Hormuz
Vessels in Strait of Hormuz

Read the full transcript: Secretary of State Marco Rubio interviewed by ‘NBC Nightly News’ anchor Tom Llamas

Rubio spoke about Iran, Taiwan, Cuba and more in a May 2026 interview during President Donald Trump’s trip to Beijing for a high-stakes summit with Chinese President Xi Jinping.
3d ago

Graphic: Tracking ship traffic through the Strait of Hormuz

Traffic through the strait has been at a near-standstill for weeks, sending prices of oil and other key goods soaring.
3d ago

Ship reported seized and another attacked near Strait of Hormuz

The situation in the strait, a critical waterway through which a fifth of the world’s oil used to pass on a typical day, continues to capture the world’s attention.
Vessels in the Strait of Hormuz
Vessels in the Strait of Hormuz
3d ago

China and U.S. agree Hormuz shouldn’t be ‘militarized,’ Marco Rubio says

The secretary of state said in an interview that China had also reiterated its opposition to Iran developing nuclear weapons.
Secretary of State Marco Rubio in Beijing on May 14, 2026 during an interview with NBC News.
Secretary of State Marco Rubio in Beijing on May 14, 2026 during an interview with NBC News.

Senate confirms Kevin Warsh as Fed chairman; Trump arrives in China for Xi summit

President Donald Trump arrived in Beijing for a two-day summit with Chinese President Xi Jinping, who are expected to discuss trade, the war with Iran and Taiwan.
Donald Trump
Donald Trump
4d ago

Trade, Taiwan and Iran cast shadows on Trump’s China summit with Xi

The two leaders will discuss a U.S.-China trade board and agreements on aerospace, agriculture and energy, though aides say no comprehensive deal is on the table.
President Trump Departs Washington For Trip To China
President Trump Departs Washington For Trip To China
4d ago

Oil spill in Gulf likely caused by tanker dump, Iran says

The suspected oil spill covering many square miles of sea near Iran’s main oil hub, Kharg Island, has been seen on satellite imagery.
Likely oil spill covers dozens of square kilometers near Iran's Kharg Island
Likely oil spill covers dozens of square kilometers near Iran's Kharg Island
4d ago

The war is on hold, but Iran’s internal crackdown is only deepening

NBC News spoke to a relative of one man who was executed last month as authorities ramp up a deadly campaign against those seen as the enemy within.
Mohammad Amin Biglari
Mohammad Amin Biglari