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Diplomacy stumbles with postponement of meeting on Strait of Hormuz proposal

Diplomacy stumbles with postponement of meeting on Strait of Hormuz proposal

By Mohammed Ghobari , Nayera Abdallah and Bo Erickson ADEN/DUBAI, Sept 14 (Reuters) - Middle East diplomacy appeared to falter heading into Monday with the postponement of a meeting between Iran and other Persian Gulf powers, while fresh attacks around the region's two most important oil transit
TheStreetTheStreet
Middle East, Ukraine just dealt another blow to your wallet

Middle East, Ukraine just dealt another blow to your wallet

Renewed tensions just sent the price of diesel to a new U.S. national record, straining already stapped Americans.
ReutersReuters
New attacks in Hormuz and Saudi test nerves as war's spread worsens oil disruption

New attacks in Hormuz and Saudi test nerves as war's spread worsens oil disruption

By Mohammed Ghobari and Nayera Abdallah ADEN/DUBAI, Sept 13 (Reuters) - New strikes on Saudi Arabia and on ships in the Gulf tested nerves in the Middle East on Sunday, after an attack on a Saudi oil pipeline and an advance by Yemen's Houthis threatened to worsen the wartime disruption to global
ReutersReuters
Exclusive-White House weighs how to use Defense Production Act to expand US oil refining capacity, sources say

Exclusive-White House weighs how to use Defense Production Act to expand US oil refining capacity, sources say

By Jarrett Renshaw Sept 11 (Reuters) - The White House is weighing how to use the Defense Production Act to expand U.S. oil refining capacity as the conflict with Iran exposes the country's vulnerability to global crude supply disruptions and price spikes, according to two sources familiar with the
AP NewsAP News
The US has made progress in reopening the Strait of Hormuz, but the Iran war is far from over

The US has made progress in reopening the Strait of Hormuz, but the Iran war is far from over

The United States has succeeded in loosening Iran's grip over the Strait of Hormuz while virtually shutting down Iran's own exports
USA TodayUSA Today
Iran, Houthis block 2 key global shipping routes, straining the global economy

Iran, Houthis block 2 key global shipping routes, straining the global economy

Iran and Houthi rebels have effectively closed two key maritime chokepoints, threatening global oil prices and trade routes. Here's what it means.
ReutersReuters
Wall Street jumps, oil lower ahead of Fed vote next week

Wall Street jumps, oil lower ahead of Fed vote next week

By Pete Schroeder WASHINGTON, Sept 11 (Reuters) - Wall Street ticked up on Friday after a volatile, mostly down week and oil prices dipped after a week-long surge in which Gulf tensions and inflation concerns weighed on markets.
ReutersReuters
Trump says he does not regret Iran war despite impact it may have on midterm elections

Trump says he does not regret Iran war despite impact it may have on midterm elections

By Kanishka Singh WASHINGTON, Sept 10 (Reuters) - President Donald Trump said he did not regret going to war against Iran despite the impact the conflict may have on the November U.S. midterm elections. "I don't believe in the word 'regret.'
ReutersReuters
Bonds, stocks selloff pauses as oil retreats from multi-month high

Bonds, stocks selloff pauses as oil retreats from multi-month high

By Samuel Indyk and Stella Qiu LONDON, Sept 11 (Reuters) - A selloff in global bond and equity markets took a breather on Friday as oil prices retreated from a four-month high, though the recent surge in energy costs continued to fuel inflation worries and expectations that central banks may need to
ReutersReuters
Oil set to end week above $100 for first time since mid-May as US diesel hits record high

Oil set to end week above $100 for first time since mid-May as US diesel hits record high

By Anushree Mukherjee Sept 11 (Reuters) - Oil prices slipped on Friday but remained on track to end the week above $100 a barrel for the first time since mid-May and U.S. diesel prices hit a record high as attacks along key Middle East shipping routes stoked prolonged supply disruption fears.
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Congresswoman Sydney Kamlager-Dove Criticizes President Trump's Economic Focus and $5,000 Dividend Proposal

Congresswoman Sydney Kamlager-Dove Criticizes President Trump's Economic Focus and $5,000 Dividend Proposal

Congresswoman Sydney Kamlager-Dove (D-CA) has voiced strong criticism regarding President Trump's economic priorities and his proposal of a $5,000 dividend to every American adult if Republicans maintain control of Congress. Speaking from Dallas, where Democrats are counter-programming the Republican midterm convention, Kamlager-Dove labeled the dividend idea a 'bribery scheme' and expressed skepticism about its feasibility and intent. She highlighted that while President Trump acknowledges economic pain, he has not adequately addressed the 'affordability crisis' affecting gas, groceries, housing, and healthcare costs. Kamlager-Dove argued that funds for such a dividend could be available if tax cuts were not disproportionately given to the wealthy, while essential services like healthcare are reduced. She emphasized the need for 'commonsense measures and policies' that protect Social Security and Medicare, and provide tax credits for working families, rather than focusing on 'edifices made in his name' or...
AP NewsAP News
House tees up vote on Russia sanctions bill, but prospects for passage are uncertain

House tees up vote on Russia sanctions bill, but prospects for passage are uncertain

The House is expected to take up a punishing Russian sanctions package next week, though prospects of passage are uncertain despite the overwhelming support the bill received in the Senate