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The global impact of Iran's grip on the Strait of Hormuz
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NEW YORK (AP) - Oil prices sank, and stock markets burst higher worldwide with hopes that a deal is nearing to allow tankers to deliver crude from the Persian Gulf again. On Wall Street, the S&P 500 climbed 1.5% and reached another record. The Dow Jones Industrial Average added 1.2%, and the Nasdaq composite rose 2%.
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.
NEW YORK (AP) – Ted Turner, the brash and outspoken television pioneer who created a media empire and transformed the news business by creating CNN and introducing the 24-hour cable news cycle, died Wednesday. He was 87.
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NEW YORK (AP) – With hundreds of vessels still stuck in the Persian Gulf and costs piling up, shipping companies are being whipsawed by uncertainty over how and when the Strait of Hormuz might reopen more than two months into the Iran war.
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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