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The global impact of Iran's grip on the Strait of Hormuz

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.

South Korean police seek to arrest K-pop mogul behind BTS

SEOUL, South Korea (AP) – South Korean police said Tuesday they are seeking to arrest music mogul Bang Si-Hyuk, chairman of the agency behind K-pop supergroup BTS, as they expand an investigation into allegations that he illegally gained more than $100 million in an investor fraud scheme.

Trump administration requests emergency ruling to remove Cook from Fed board

WASHINGTON (AP) – The Trump administration has asked an appeals court to remove Lisa Cook from the Federal Reserve’s board of governors by Monday, before the central bank’s next vote on interest rates.

CNN founder Ted Turner, outspoken television pioneer, has died at age 87

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.

DoorDash to spend $50 million on gas price relief for its drivers

DoorDash said Wednesday it expects to spend more than $50 million in the second quarter on gas price relief for its delivery drivers.

Shipping firms are being whipsawed by changing stances and risks

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.

China stepping up Iran war diplomacy ahead of Trump's summit

HONG KONG (AP) – China’s diplomatic role in the Iran war has come into sharper focus following talks between Chinese and Iranian foreign ministers on Wednesday, days before U.S. President Donald Trump is expected to meet his Chinese counterpart Xi Jinping.

Trump threatens bombing if Iran doesn't reopen strait

U.S. President Donald Trump posted on social media Wednesday that the war with Iran could soon end and oil and natural gas shipments could restart, if Iran accepts a reported agreement that he did not detail.

Russia snubs Ukraine's unilateral ceasefire and fires dozens of drones

KYIV, Ukraine (AP) – Russia fired dozens of drones at Ukraine in nighttime attacks, Ukrainian officials said Wednesday, disregarding a unilateral ceasefire announced by Kyiv that began at midnight. The Russian Defense Ministry claimed that Ukraine hadn’t abided by its own ceasefire.

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.