How the U.S. Is Trying to Ensure the Dollar’s Dominance During Economic Turmoil
As the government has been devising plans to keep the dollar dominant, China has been making its own moves to increase global influence of the renminbi.
Strait of Hormuz
U.S. Strikes Iranian Targets; Iran Says It Returned Fire
The exchange was the latest twist in a week of mixed signals in the region and tensions over the Strait of Hormuz, as President Trump searches for an off-ramp in the war that he started.
Trump and Rubio Insist Iran War Is Over, Even as Missiles Fly During Cease-Fire
The White House is turning to rhetorical leaps as President Trump tries to put the biggest political crisis of his presidency behind him.
U.S. Shot Down Iranian Missiles and Drones Aimed at American Vessels in Strait of Hormuz, Admiral Says
An exchange of fire threatened to shatter a fragile cease-fire as President Trump seeks to break Iran’s effective blockade of the waterway.
Loss of Emirates Further Weakens OPEC’s Influence
The exit of the United Arab Emirates is the most significant in a series of departures from the oil cartel in recent years.
How the Iran War Is Morphing Into a Volatile Standoff in the Strait of Hormuz
The conflict has morphed into a volatile standoff in the Strait of Hormuz, as the economic costs mount and President Trump faces a political backlash at home.
U.S. Seizes Second Tanker Carrying Iranian Oil
Navy destroyers are also shadowing several other vessels that left from an Iranian port before the U.S.-imposed blockade began, a U.S. military official said.
Trump Says Opening the Strait of Hormuz ‘Should Be Easy.’ Will It?
President Trump is asking U.S. allies to “go to” the Strait of Hormuz “and just take it.” Eric Schmitt, our national security correspondent, explains how difficult it would be to clear the strait by force.