Economy

US military says blockade of Iran ports ‘completely’ halts economic trade

US Central Command say more than 10,000 armed forces members, as well as warships and planes, are involved in blockade.

Warsh’s financial disclosures will almost certainly be a focus of his upcoming confirmation hearing next week.

Higher global inflation forecast at 4.4 percent, up 0.6 points, driven by surging oil, gas and fertiliser costs.

The IEA’s oil ‘demand destruction’ report comes after its chief said unnamed countries are hoarding stocks.

Chinese-owned tanker Rich Starry becomes the first sanctioned vessel to exit the Gulf after the US blockade.

Relief for global markets comes after Trump says Iranian officials are keen on a deal.

A 20-year-old Texan faces potential life imprisonment after arson attack on Sam Altman’s San Francisco residence.

Shipping costs have increased by more than 10 percent in the past month due to the US-Israel war on Iran.

A new report lays out a blueprint for how more home construction would help the middle class and the overall economy.

The psychological terror that the presence of sea mines can generate could paralyse the Strait of Hormuz.