New York Times: President Trump insisted late Thursday that the cease-fire with Iran was holding, even after the United States said it had attacked Iranian military sites in retaliation for strikes on U.S. ships in the Strait of Hormuz.
Each side blamed the other for breaking the month-old truce. U.S. Central Command said that “unprovoked Iranian attacks” on three American destroyers had involved missiles, drones and small boats. In response, the U.S. military said it had “targeted Iranian military facilities responsible for attacking U.S. forces,” including missile and drone launch sites…
U.S. intelligence says Iran can outlast Trump’s Hormuz blockade for months
The analysis by the U.S. intelligence community, whose secret assessments on Iran have often been more sober than the administration’s public statements, also found that Tehran retains significant ballistic missile capabilities despite weeks of intense U.S. and Israeli bombardment, three of the people familiar with it said…
China Sees a ‘Giant With a Limp’ as U.S. Drains Weapons on Iran War
America’s ability to deter China in a war over Taiwan is weakened, Chinese analysts say, giving Beijing leverage in an upcoming summit with President Trump…
Shell Reports Nearly $7 Billion Profit Amid ‘Unprecedented Disruption
The company, based in London, said Thursday that its adjusted profit soared to $6.92 billion in the first three months of the year, higher than expected and more than twice what the company earned in the previous quarter.
The strong financial turnout came amid an “unprecedented disruption in global energy markets,” the company’s chief executive, Wael Sawan, said in a statement…
How Energy Prices Are Driving Demand for Solar Panels and Heat Pumps
Already having faced an energy crisis five years ago, more European consumers believe they are “one Trump-ignited war away” from crushing costs…
As U.S. blockades Iran, its oil still flows ship to ship an ocean away
Experts say covert transfers at sea are used to obscure the origins of oil that left Iranian ports and the Gulf of Oman before the blockade was imposed…
How the oilman’s president boosted a green transition
That’s because Trump has pulled off an improbable feat: the oilman’s president has made fossil fuels both expensive and unreliable. People used to worry that addiction to oil made us dependent on Middle Eastern autocracies. We have learnt since 2022 that it also makes us dependent on Trump, Vladimir Putin and Benjamin Netanyahu. Even if the Strait opens tomorrow, will countries want to remain tethered to those people’s whims? Who wants to bet the Strait will never close again? Or that Iran won’t charge huge tolls?…
Trump Rejects Need for Curbs on Oil Exports After Trade Surge
“We don’t need them,” he told reporters Thursday in Washington. “And we have tremendous amounts of oil.”…
US Sanctions Iraqi Oil Official, Militia Leaders Linked to Iran
The US sanctioned Iraq’s deputy oil minister and three militia leaders for exploiting the country’s oil sector and supporting Iranian-backed terrorist activity, ramping up pressure on Tehran and its regional proxies as the Trump administration seeks a deal to end a war in its 10th week…
Trump is not getting what he initially wanted from the Iran war
It’s rare that a war effort achieves all of its aims. But it’s notable how maximalist Trump went with his goals — and how quickly his administration appears to have abandoned some of them. In some cases, officials seemed to stop trying rather quickly…
Hungry to sell, UAE slips hidden oil tankers through Strait of Hormuz
With their location trackers shut off to avoid Iranian attacks, the United Arab Emirates and buyers have recently sailed several tankers loaded with crude through the Strait of Hormuz in a bid to move oil bottled up in the Gulf by the Middle East conflict, according to industry sources and shipping data…
Inside ‘Project Freedom,’ Trump’s Aborted Bid to Reopen the Persian Gulf
The mission showed that even small tactical successes can morph into broader strategic challenges, military analysts said. The U.S. military extricated a pair of vessels but triggered an escalation from Iran that reinforced its grip on the world’s most important energy shipping lane…
Trump’s Gyrations on the War Leave Even Rubio Out of Sync
The administration’s latest shifts on the status of the conflict show how treacherous it is to speak for a president who cultivates an erratic style…