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Posts tagged as “the Strait of Hormuz”

Iran claims Gulf attacks after new U.S. strikes

Iran said it attacked U.S.-linked bases in Bahrain and Kuwait and hit two vessels in the Strait of Hormuz after renewed U.S. strikes inside Iran. The escalation comes as negotiations remain stalled over sanctions, frozen assets, uranium stockpiles and fighting involving Israel and Hezbollah.

US inflation rises to three-year high of 4.2%

U.S. consumer prices rose 4.2% in May from a year earlier, the fastest increase since April 2023. Energy costs, especially gasoline, drove much of the rise as conflict disrupted oil shipping through the Strait of Hormuz.

Vance Says Iran Nuclear Deal Is Very Close

Vice President JD Vance said the United States is “very close” to a long-term nuclear deal with Iran, though an agreement could come next week or months from now. His comments came as tensions rose after an Apache helicopter crashed near the Strait of Hormuz and U.S. forces reportedly launched retaliatory strikes.