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The global impact of Iran's grip on the Strait of Hormuz
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NEW YORK (AP) - The U.S. stock market fell from its records after oil prices yo-yoed. As oil prices pared their drops in the afternoon, stocks fell on Wall Street. The S&P 500 slipped 0.4% from its all-time high. The Dow Jones Industrial Average dipped 0.6%, and the Nasdaq fell 0.1%.
KATHMANDU, Nepal (AP) – An unstable ice block dangerously hanging over the key trail on Mount Everest, high travel costs and increased permit fees haven’t deterred hundreds of climbers from attempting to scale the world’s highest mountain.
LONDON (AP) – British voters cast ballots Thursday in local and regional elections that could shake up the country’s politics and deliver a heavy blow to embattled Prime Minister Keir Starmer. Starmer’s center-left Labour Party is bracing for big losses in polls that will choose about 5,000 local councilors and a handful of mayors across England.
McDonald’s posted better-than-expected sales in the first quarter but said high gas prices and consumer anxiety over the Iran war could dent sales this spring. The average price of a gallon of gas in the U.S. was $4.55 on Thursday, according to AAA. That was 44% higher than a year ago.
FRANKFURT, Germany (AP) – Emirates airline group has hedged its exposure to higher jet fuel prices for the next three years and has secured enough supply to meet current and future needs, its CEO said Thursday as the company reported record annual profit.
KUALA LUMPUR, Malaysia (AP) – Budget airline AirAsia is ordering 150 Airbus A220-300 jets in a deal valued at about $19 billion at list prices, marking the largest single order ever placed for the A220 planes. The deal was announced Thursday at an Airbus factory in Mirabel, Quebec. Canadian Prime Minister Mark Carney attended.
VATICAN CITY (AP) – The Vatican raised the “need to work tirelessly in favor of peace” in talks Thursday with U.S. Secretary of State Marco Rubio, who came to Rome on a fence-mending visit after President Donald Trump’s criticisms of Pope Leo XIV over the Iran war.
U.S. Secretary of State Marco Rubio is visiting the Vatican to mend ties after President Donald Trump’s criticisms of Pope Leo XIV and the U.S.-Israeli war in Iran. Rubio’s planned audience with Leo was complicated at the last minute by Trump’s latest criticism of the Chicago-born pope.
Iran’s grip on the Strait of Hormuz has jolted the world economy, causing a spike in fuel prices that has rippled through other sectors with effects far beyond the Middle East. It has also left tens of thousands of mariners and hundreds of ships stranded in the Persian Gulf.
YEREVAN, Armenia (AP) – European leaders on Monday said President Donald Trump’s surprise decision to pull thousands of U.S. troops out of Germany is just the latest signal that Europe must take more responsibility for its security.
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