In just eight weeks, much of the global economy has been knocked sideways. America has mostly been spared from the tumult.

The Treasury Department also targeted a top independent Chinese refinery that it said was a major buyer of Iranian petroleum.

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.

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.

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.

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

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

Sri Lanka has kept more than 250 sailors in protective custody since the early days of the war. Iran wants them back, but Sri Lanka is unsure what to do with them.

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.

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.

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.

As the conflict with Iran expands and intensifies, President Trump’s options — to fight on, or to move toward declaring victory and pulling back — both carry deeply problematic consequences.

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.

Although President Trump said seizing tankers would be a financial boon, the cost of maintaining just one aging ship has already reached $47 million.

The Iranian Navy sought refuge in Sri Lanka and India. While India obliged, Sri Lanka stalled over fears it would threaten its neutrality.

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.

NATO downed a missile fired by Iran at Turkey, and a U.S. sub sank an Iranian Navy ship off Sri Lanka, thousands of miles from the war zone.

Defense Secretary Pete Hegseth said it was the first such strike since World War II. The Sri Lankan authorities said they had rescued 32 sailors from the crew of 180.