Why Little Was Done to Head Off Oil’s Strait of Hormuz Problem

Geography and regional rivalries have prevented Gulf countries from finding a true alternative to the strait, which the war with Iran has effectively shut down.

U.S. Bombs Iranian Oil Hub

President Trump threatened to “wipe out” oil infrastructure on Kharg Island. The U.S. embassy in Baghdad was hit for the second time, an Iran-backed militia group said.

Trump and Rubio’s Vision of War: The Art of Destroy and Deal

TikTok Investors Are Set to Pay $10 Billion Fee to Trump Administration

The large fee is the latest example of the White House’s inserting itself into corporate deal making in unusual and aggressive ways.

Is Latin America Ready to Abandon Cuba?

Latin America’s left saw Cuba as its lodestar. Now leaders across the spectrum are hesitant to aid a nation in the Trump administration’s cross hairs.

A Weakened Iran Hits Back by Strangling a Vital Waterway for Oil Supplies

The threats to shipping in the Strait of Hormuz, including mines laid by Iran, are complicating President Trump’s calculations about how to end the war.

Hegseth Vows to Reopen Key Strait as U.S. Measures Fail to Calm Oil Fears

Defense Secretary Pete Hegseth said that the U.S. military would stop Iran from choking off the Strait of Hormuz but did not say how. Oil prices remained high even after the Trump administration eased restrictions on Russian shipments.

Facing Energy Crisis and Protests, Cuba Acknowledges Talks With U.S

The outreach by President Miguel Díaz-Canel is widely seen as a last-ditch effort to stay in power as the Trump administration ratchets up pressure.

Consumer Prices Rose in January, Before Iran War Added Price Pressures

The Federal Reserve’s preferred gauge for inflation increased 2.8 percent annually and economists expect another bump in prices in the near-term.

Iran’s New Supreme Leader Issues Defiant Statement

The Iranian state media said Mojtaba Khamenei had released his first written statement as the new leader. It included a call to keep the Strait of Hormuz closed.

How Hegseth Came to See Moral Purpose in War as Weakness

Defense Secretary Pete Hegseth’s bellicose and vengeful rhetoric describing the war in Iran grew out of his experience in Iraq.

Iran’s Frantic Attempt to Save Its Ships Before Torpedo Attack

The Iranian Navy sought refuge in Sri Lanka and India. While India obliged, Sri Lanka stalled over fears it would threaten its neutrality.

War Has Sent Thousands of Planes Flying in the Other Direction

Tens of thousands of flights have been cancelled since the initial strikes, and airlines that relied on Iranian airspace are now trying to find alternatives.

Trump’s Tour of States Is About More Than the Midterms

Beyond talking about the economy and voters’ hardships, President Trump is showing that he still has control over the Republican Party.

U.S. Trade Deficit Fell in January

The data showed imports dipped and exports rose in the month before the Supreme Court struck down most of the president’s tariffs.

3 Ships Hit Along Vital Oil Route; Countries Move to Release Reserves

The Strait of Hormuz, a conduit for a fifth of the world’s oil, is all but closed as fighting in the Middle East expands.

The War With Iran Changed the World in a Week

How Trump and His Advisers Miscalculated Iran’s Response to War

In the lead-up to the U.S.-Israeli attack, President Trump downplayed the risks to the energy markets as a short-term concern that should not overshadow the mission.

At Least 17 U.S. Sites Damaged in War With Iran, Analysis Shows

A Times analysis of satellite imagery and verified videos shows damage to more than a dozen American military sites and installations.

Trump Directs War With the Markets Top of Mind

U.S. Inflation Had Steadied Before War With Iran

Consumer prices stayed subdued in February. Since then, the war with Iran has rekindled concerns about price pressures.