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Trump’s China trip is shadowed by the Iran war and energy squeeze
Foreign policy

Trump’s China trip is shadowed by the Iran war and energy squeeze

The president says he does not need Beijing’s help on Iran, but the conflict has driven up fuel prices, strained negotiations and left no clear path to a deal

May 13, 2026

Trump Rejects Iran Peace Demands, Floats Gas Tax Suspension
Iran war

Trump Rejects Iran Peace Demands, Floats Gas Tax Suspension

Iran defended its conditions for a peace deal as President Trump dismissed them and said he wants to pause the federal gasoline tax, a step that would need Congress

May 12, 2026

US inflation hits 3.8% as Iran war drives energy costs
Inflation pressure

US inflation hits 3.8% as Iran war drives energy costs

Gasoline and groceries pushed April prices higher, putting renewed pressure on consumers, the Federal Reserve and President Donald Trump’s party before the midterms

May 12, 2026

Rerouted ships put South Africa’s whales in the path of more traffic
Shipping detours and whale habitat

Rerouted ships put South Africa’s whales in the path of more traffic

Conflict-linked disruptions in the Red Sea and Strait of Hormuz are pushing more vessels around the Cape of Good Hope, raising concern about ship strikes

May 12, 2026

Gas hits $4.55 a gallon as Iran war pressures consumers
Energy costs

Gas hits $4.55 a gallon as Iran war pressures consumers

The national average is up more than 50% since the war began, while companies are also dealing with higher aluminum costs tied to Middle East disruptions

May 11, 2026

Iran Says It Will Keep Fighting After Trump Rejects Peace Offer
Iran war talks

Iran Says It Will Keep Fighting After Trump Rejects Peace Offer

The latest diplomatic setback has kept pressure on energy markets and the Strait of Hormuz, with the U.S. and Iran still divided over sanctions, shipping and Tehran’s nuclear program

May 11, 2026

U.S. airlines’ fuel bill jumped 56% after Iran strikes began
Airline costs

U.S. airlines’ fuel bill jumped 56% after Iran strikes began

Transportation Department data show carriers paid $5.06 billion for jet fuel in March, a cost shock already pressuring forecasts, fees and routes

May 08, 2026

Trump threatens stronger Iran strikes, says direct talks are premature
Iran war talks

Trump threatens stronger Iran strikes, says direct talks are premature

The president paused a U.S. escort mission in the Strait of Hormuz to give Pakistan-brokered negotiations more time, but said the naval blockade remains in force

May 06, 2026

UK 30-year borrowing costs hit highest level since 1998
Government debt

UK 30-year borrowing costs hit highest level since 1998

Yields rose as markets absorbed the impact of the Iran war, higher energy prices and political uncertainty before Thursday’s elections

May 05, 2026

U.S. and Iran Trade Claims Over Control of Strait of Hormuz
Strait of Hormuz

U.S. and Iran Trade Claims Over Control of Strait of Hormuz

Washington says two U.S.-flagged merchant ships crossed under its new escort effort, while Iranian officials and state-linked media warned against the operation as the ceasefire held under strain

May 05, 2026

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