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Strait of Hormuz
Tankers stack up outside Hormuz as U.S. blockade holds and Iran keeps waterway shut
CENTCOM reports no breaches of the U.S. blockade since April 13; traffic remains minimal with vessels queueing to UAE ports as talks and warnings escalate
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Economic fallout
Iran war’s economic hit may linger through 2026, economists say
Oil and gas prices have jumped since the conflict began, raising costs for drivers, travelers and households even if fighting eases soon
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U.S.-Iran standoff
Trump and Iran trade new warnings as shipping standoff drags on
The White House defended its blockade as leverage while Tehran signaled possible retaliation through another key energy shipping route
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Iran war
Hormuz remains in limbo as Trump weighs Iran offer
Brent crude topped $112 a barrel and U.S. gasoline prices hit a wartime high as Washington considers a proposal tied to the strait but not nuclear talks
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Royal diplomacy
King Charles opens U.S. visit with Trump as allies face strains
The four-day state visit began at the White House and moved to Congress, where the king urged unity amid tensions over Iran, NATO and the future of U.S.-U.K. ties
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Treasury
Bessent defends potential dollar swap lines for Gulf and Asian allies
The Treasury secretary cast the discussions as routine as the Trump administration weighs financial backstops sought by partners during the Iran war
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