The Bank of England and European Central Bank held interest rates steady on Thursday, as officials search for signs of possible longer-term damage and warn of the impact of a prolonged energy shock.

In its latest offer delivered on Sunday, Iran proposed opening the key waterway to shipping traffic and lifting the U.S. blockade, while postponing the thornier nuclear issue until later.

Iran’s foreign minister has already arrived in the country, state media reported. He was believed to be carrying a written response to a U.S. proposal to end the war.

The killing of Ayatollah Ali Khamenei ushered in a new form of collective leadership in the country, with more power for the Revolutionary Guards.

U.S., Iranian, Israeli and other officials offered varying accounts about the state of negotiations between Washington and Tehran.

U.S. and Israeli forces hit targets in Iran as President Trump threatened to wipe out a “whole civilization.”

As the Persian Gulf conflict boosts the oil revenue that finances Moscow’s war against Ukraine, Kyiv’s forces are striking at Russia’s ability to refine and ship its crude.

Global leaders are struggling in their efforts to find a way to end the American-Israeli war on Iran, and they are spooked about what President Trump might do next.

For a second time, President Trump extended the deadline for Iran to fully reopen the Strait of Hormuz.

For centuries, an Omani exclave has been defined by a peculiar duality: rugged isolation and proximity to one of the world’s most important trade routes.

The secretary of state said the United States and Iran were passing messages to each other as he headed to France for a diplomatic meeting of the Group of 7 nations.

Just after stocks ended another bruising day, the president took to social media to promote progress in talks with Iran.

The reprieve would ease disruptions in Malaysia’s energy supply, but the prime minister has vowed to make preparations for a more volatile future.

European politicians risk angering their voters if they join America’s war. Yet they could also face domestic upheaval if they take no action to reopen shipping routes that Iran has blocked and ease an energy crisis.

The fighting continued while conditions for a possible cease-fire were debated.

The 2,000 paratroopers heading to the region may give President Trump more leverage in negotiations, but they also leave him with the option of doubling down on military force.

Stopping Iran’s production of drones is critical to opening the Strait of Hormuz and halting its attacks on Gulf nations. But can it be done?

There may be no country better situated geographically than Iran when it comes to bringing an oil-dependent world to its knees.

Our national security correspondent David E. Sanger looks at President Trump’s trouble handling retaliatory attacks by Iran that have largely choked off the Strait of Hormuz.

The Israeli military said its campaign against Hezbollah in Lebanon would intensify, while Iran threatened to attack civilian infrastructure if President Trump followed through with an ultimatum.

Tehran “will not hesitate in defending its people and its land,” a senior official said, after President Trump threatened to destroy Iranian power plants.

An Iranian missile wounded dozens in Dimona, a city believed to house Israel’s nuclear weapons program, as Iran showed no signs of backing down.

Treasury Secretary Scott Bessent estimated that the move would add about 140 million barrels of crude to the oil market.

There are several ways the United States could attempt to reopen the waterway, all of which carry substantial risks.

The Israeli military said it had killed the spokesman for Iran’s Islamic Revolutionary Guards Corps, and Iran warned that it could target American and Israeli military personnel.

The United States views Iran through a prism of global responsibilities and strategic goals. Israel has a more regional approach. After nearly three weeks of war, their paths are diverging.

Inflation and its consequences for growth are a growing concern for countries where memories of the 2022 energy crisis are fresh.

European Union ministers and leaders pushed back on ideas to protect the strait, including expanding a maritime operation already in place in the Red Sea.

The ship was struck near an Emirati port, in the first such attack in five days. The United Arab Emirates also said it was intercepting Iranian drones and missiles.

Barraged by Iranian attacks and questioning the value of security ties with the United States, nations in the Gulf have turned to Ukraine, Australia and Italy for help.

President Trump warned that he could postpone a meeting set to begin in just over two weeks if China refuses to help reopen the Strait of Hormuz.

While some European countries said they were discussing ways to help reopen the Strait of Hormuz, several rejected President Trump’s calls to send warships.

President Trump on Sunday called on NATO allies to help end the de facto Iranian blockade of the Strait of Hormuz, a key shipping lane for about one-fifth of the world’s oil.

The fighting is raising energy prices, hitting farmers and reshaping geopolitics. We look at the ripple effects worldwide.

Energy Secretary Chris Wright said the Strait of Hormuz, a critical passageway for oil shipments, remained unsafe for tankers. Iran has been firing projectiles and laying mines.

President Trump has urged China, Britain, France, Japan and South Korea to send warships to help reopen the waterway, even though they were not involved in the U.S.-Israeli attack on Iran.

Iran’s response to days of aerial bombardment and long-range artillery strikes has proved more resilient than Trump administration officials anticipated.

Iran’s arsenal of some 5,000 mines could further complicate efforts to restart shipping in the Persian Gulf.

Iran’s new supreme leader delivered a forceful message in his first public statement since succeeding his slain father, as the Israeli military bombarded Tehran and the Lebanese capital with strikes.

The conflict is reshaping travel patterns, energy dependencies, living costs, trade routes and diplomatic alliances.

The conflict in Iran may give Moscow a short-term boost economically and in Ukraine. But it has also shown the limits of Russia’s partnerships.

The United States has long considered Iranian naval ships a serious threat, even as the country’s nuclear and missile programs dominate discussions of its military capabilities.

The Islamic Republic is aiming to draw out the conflict and broaden the fighting. That would force President Trump to risk more casualties and more political capital.

Beijing has condemned the U.S.-backed strikes on Iran, a close partner. Yet with trade talks looming, it is unlikely to risk a rupture with Washington.