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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.

Trump leaves China with no agreement on thorny issues, but cites ‘very good’ talks with Xi

The president said he’s hopeful for an even “stronger” relationship with China, though no decisions were made on Iran, tariffs or Taiwan.
CHINA-US-DIPLOMACY
CHINA-US-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
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.
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

Some Japanese snack packages are turning black and white as Iran war depletes ink supply

The move is the latest caused by the effective closure of the Strait of Hormuz because of the war in Iran. The war has sent prices of oil and other products higher, as well as caused supply crunches.
Japan Colorless Packaging
Japan Colorless Packaging
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
5d ago

Trump says he’s not thinking about Americans’ finances ‘even a little bit’ in Iran talks

Trump said the “only thing” that matters is Iran “can’t have a nuclear weapon.”
President Donald Trump
President Donald Trump
5d ago

Pentagon considering renaming Iran war ‘Sledgehammer’ if ceasefire collapses

The White House could use a new operation name to argue for a reset of the 60-day clock requiring congressional authorization for war.
A woman walks near a billboard featuring an image of the late Supreme Leader of Iran, Ayatollah Ali Khamenei, in Tehran
A woman walks near a billboard featuring an image of the late Supreme Leader of Iran, Ayatollah Ali Khamenei, in Tehran