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Iran crisis
Hegseth Says Iran Ceasefire Holds as U.S. Escorts Hormuz Ships
The Pentagon said Project Freedom is separate from the ceasefire, but attacks around the waterway and on the UAE underscored how quickly the truce could fray
Hormuz standoff
U.S.-Iran ceasefire holds for now as Hormuz mission draws fire
Defense Secretary Pete Hegseth said the truce remains in place despite Iranian attacks near the Strait of Hormuz and on the UAE, while only two U.S.-flagged merchant ships are known to have passed the new route
Oil markets
UAE quits OPEC, testing the oil cartel’s grip on supply
The Gulf producer says it is leaving OPEC and OPEC+ to focus on national interests, a move that could matter more after current Gulf disruptions ease
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