DUBAI, United Arab Emirates (AP) – The U.S. military said it battled Iranian forces and sank six small boats as it moved to reopen the Strait of Hormuz on Monday. The United Arab Emirates, a key American ally, said it had come under attack from Iran for the first time since a fragile ceasefire took hold in early April.
A sudden halt for technology stocks put the brakes on Wall Street's record-setting run. The S&P 500 dipped 0.2% Tuesday from its all-time high set the day before. The Dow Jones Industrial Average added 0.1%, and the Nasdaq composite sank 0.7% from its own record. Oil prices meanwhile rose more than 3%.
DUBAI, United Arab Emirates (AP) – The United Arab Emirates said Tuesday it will leave OPEC effective May 1, stripping the oil cartel of one of its largest producers and further weakening its leverage over global oil supplies and prices.
BEIJING (AP) – As Presidents Xi Jinping and Donald Trump prepare for a highly anticipated summit, both China and the United States say their ties have been broadly stable in recent months – and they are planning on keeping it that way. But many issues are at stake in one of the world’s most consequential relationships, with no easy end in sight.
FRANKFURT, Germany (AP) – The decision by the United Arab Emirates to leave the OPEC oil cartel shook up the 65-year-old alliance that produces some 40% of the world’s crude oil and exerts major influence over the price of energy around the globe.
LONDON (AP) – U.K. Prime Minister Keir Starmer insisted Tuesday that he has no intention of resigning as calls grew louder within his Labour Party for him to step down and some junior members of his government quit in protest. Starmer tried to shore up support within his Cabinet following hefty losses for the Labour Party in local elections.
KINSHASA, Congo (AP) – Congo on Monday announced the creation of a paramilitary guard to secure its vast mining operations, backed by U.S. and Emirati investments, as Washington tries to lock in access to critical minerals amid a fragile peace process in the troubled east.
Excerpts from recent editorials in the United States and abroad:
Strikes on cities across Iran have killed more than 25 people Sunday into Monday, while in Israel’s Haifa two people were found dead and two others were missing in rubble a day after an Iranian attack.