The CEO of a major Saudi oil exporter said Tuesday the conflict in Iran could have "catastrophic consequences" for energy markets, as President Trump and Tehran officials engaged in a war of words over the Strait of Hormuz choke point.
Iran launched new attacks on Tuesday at Israel and Gulf Arab countries as it kept up pressure on the Middle East in a war started by Israel and the United States that has sent oil prices surging and stunned global economies.
Senate Majority Leader John Thune said Monday that he hopes President Trump will change his mind about not signing bills into law until the SAVE America Act is passed, because he does not see a way to ensure its passage.
The Group of Seven said Monday it would tap strategic oil reserves, if necessary, after oil prices surged above $100 per barrel, heaping pressure on President Trump to address the economic fallout from his war with Iran.
Hungary's government will introduce a price cap on gasoline and diesel at fueling stations beginning at midnight local time, Prime Minister Viktor Orban announced on Monday.
Artificial intelligence firm Anthropic sued the Trump administration Monday over its move to designate the company a "supply chain risk" to national security, setting up a high-stakes legal battle that could shape the future of AI use in the military ...
The Justice Department reached a settlement in its antitrust lawsuit against Ticketmaster and its parent company, Live Nation Entertainment, on Monday in a case that alleged an illegal monopoly over live events in America.
President Trump says surging oil prices are a short-term problem and a worthwhile sacrifice as the war in Iran causes supply concerns in energy markets.
President Trump said Sunday that Tehran's moves to appoint new leaders will not survive without the United States and his personal approval, promising that he'll be intimately involved with the post-war government of Iran.