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Tanker traffic through the strait ground to a halt again within hours of Trump’s announcement. The blockade risks drawing ire from countries buying Iranian oil, including China and India. Analysts commented the blockade could be a negotiating tactic, but warned of the risk of escalation and legal challenges. President Donald Trump ordered a naval blockade […]

U.S. President Donald Trump on Sunday threatened to impose a 50% tariff on China, after a report suggested Beijing was preparing to deliver a shipment of air defense systems to Iran. Speculation has mounted over Beijing’s role in Iran’s war efforts. But just as China’s reported weapons shipment remains unverified, Trump’s intention to follow through […]

Treasury yields edged higher on Monday as the breakdown of negotiations between Iran and the U.S. clouded the inflation outlook once again. The yield on the 10-year U.S. Treasury note — the benchmark for government borrowing — was up more than 1 basis point at 4.333%. The 2-year Treasury note yield, which is more sensitive to short-term Federal Reserve interest rate […]

The U.S. military will implement a blockade of Iranian ports starting Monday at 10 a.m. ET, according to U.S. Central Command. The blockade comes after peace talks with Iran failed to produce an agreement. President Donald Trump remarked he ordered the Navy to interdict any ship in international waters that has paid Iran a toll […]

OpenAI revealed on Monday that it’s opening its first permanent London office. The space will have capacity of over 500 team members, more than double OpenAI’s current headcount. In February, the business commented it would build London its largest research hub outside of the U.S. OpenAI has proclaimed it’s opening its first permanent London office […]

President Donald Trump on Sunday blasted Pope Leo XIV over the Roman Catholic pontiff’s criticism of the U.S. war with Iran. The president remarked in a Truth Social post he does not “want a Pope who criticizes the President of the United States because I’m doing exactly what I was elected, IN A LANDSLIDE, to […]

U.S. stock futures fell Monday after President Donald Trump stated a blockade of the Strait of Hormuz, as peace talks between the U.S. and Iran over the weekend ended without a deal. Dow Jones Industrial Average futures were down 255 points, or 0.5%. S&P 500 futures shed 0.6% along with Nasdaq-100 futures. “Effective immediately, the […]