This story was originally published by CNN. Click here for live updates. CNN — The Iran situation escalated overnight. President Trump declared the U.S.-Iran ceasefire “over” following attacks on several commercial vessels near the Strait of Hormuz, and the U.S. launched retaliatory strikes on Iranian military sites. Here’s the latest • US-Iran truce uncertain: President Donald Trump
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This story was originally published by CNN. Click here for live updates. (CNN) — A tanker was reportedly struck by an unknown projectile while sailing near the Strait of Hormuz on Monday, according to the UK Maritime Trade Operations (UKMTO). The Qatari-flagged Al-Rakiyat vessel was “passing near” the key waterway when it was struck, Qatar’s Foreign Ministry
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WASHINGTON, D.C. (CNN) — Annual inflation rose to a three-year-high of 4.2% in May, underscoring how elevated energy prices are rippling through the US economy, according to new data from the Bureau of Labor Statistics. Prices rose 0.5% on a monthly basis, driven higher by the US-Israeli war with Iran, the latest Consumer Price Index
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OREGON (KTVZ) — It might be a good idea to fill your gas tank as soon as possible. Gas prices reached a one-month low Monday, settling at a national average of $4.32 per gallon. That’s based on oil prices where traders built in the possibility of a deal with Iran to reopen the Strait of
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OREGON (KTVZ) — GasBuddy released its 2026 Summer Travel Survey results and forecast today, indicating that American road trip culture remains resilient even as fuel prices surge. The national average gas price is forecast to reach $4.48 per gallon on Memorial Day and could average $4.80 per gallon throughout the summer travel season. This projected
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BEND, Ore. (KTVZ) — Happening now, average gasoline prices in Oregon have risen 8.1 cents per gallon in the last week, averaging $5.27 cents a gallon today, according to GasBuddy. Prices in Oregon are 30.4 cents per gallon higher than a month ago and stand $1.42 cents higher than a year ago. The national average price
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By John Towfighi, CNN New York (CNN) — Brent crude has climbed back above $100 per barrel and the Strait of Hormuz, a critical artery for the global economy, remains closed. But the stock market is brushing off the turmoil. The S&P 500 and Nasdaq Composite hit record highs on Wednesday, resuming a rally despite
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By John Towfighi, CNN New York (CNN) — For most of the past week, markets have traded as though the war with Iran were already over. The S&P 500 just hit its third-straight record high and the Nasdaq Composite is on its longest winning streak since 1992. The stock market’s exuberance is rooted in optimism
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By Abeer Salman, Jeremy Diamond, CNN (CNN) — The US and Hamas held their first direct talks since the Gaza ceasefire as part of efforts to advance the fragile US-brokered agreement, two Hamas sources said. A delegation led by senior US advisor Aryeh Lightstone met chief Hamas negotiator Khalil al-Hayya in Cairo on Tuesday night,
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By Hanna Ziady, CNN London (CNN) — Oil prices climbed Monday, after the US military said it would implement a shipping blockade against Iranian ports in the Strait of Hormuz — a move that could test the current ceasefire while further tightening global oil supply. Brent crude, the global oil benchmark, rose 7% to $102
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By Lex Harvey, CNN (CNN) — The lives of millions of people across the Middle East – and the fate of the global economy – will hinge on the outcome of make-or-break talks between the United States and Iran, which began this weekend in Pakistan. The two sides are talking directly to each other, Iranian
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This article was originally published by CNN. (CNN) — Oil prices plummeted and stocks surged Wednesday after President Donald Trump agreed to a two-week ceasefire with Iran, spurring hopes that more oil tankers would soon be able to transit the key Strait of Hormuz. WTI, the US crude benchmark, tumbled 18% to $92 a barrel —
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CNN By Jessie Yeung, CNN (CNN) — After a month and a half of spiraling conflict in the Middle East, the United States and Iran agreed to a two-week ceasefire on Tuesday – less than two hours before US President Donald Trump’s deadline, after which he had promised to wipe out a “whole civilization.” That
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This article was originally published by CNN. Click here for live updates. CNN — US President Donald Trump issued a stark threat to Iran, saying that “a whole civilization will die tonight” as his imposed 8 p.m. ET deadline nears for Iran to open the Strait of Hormuz and make a deal to end the war. If
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By Jessie Yeung, CNN (CNN) — US President Donald Trump issued new threats and mused about negotiations at a White House press conference Monday as the war with Iran continues. Earlier, Tehran rejected a temporary ceasefire proposed by negotiators, and Israel announced a new strike on a petrochemical plant in southern Iran. Meanwhile, the humanitarian
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By Haley Britzky, Alayna Treene, Allegra Goodwin, Brad Lendon, Isaac Yee, Kevin Liptak, Kristen Holmes, CNN (CNN) — A US fighter jet has been shot down over Iran, three US sources said, confirming Iranian state media reports. US forces have launched search and rescue efforts, two of the sources said. One of two crew members
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This story was originally published by CNN. Click here for live updates. (CNN) — The White House is seeking roughly $1.5 trillion for defense as part of a fiscal 2027 budget request – a proposal that would boost military spending to its highest point in modern history as the Trump administration wages its war with Iran. The
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This article was originally published by CNN. (CNN) — Even as regional leaders scramble to find diplomatic off-ramps to the war, the main players — Israel, the United States and Iran — are doubling down on their positions. In a Truth Social post, President Donald Trump threatened to “completely obliterate” all of Iran’s energy sources if
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OREGON (KTVZ) — Average gasoline prices in Oregon rose 4.9 cents per gallon over the last week, reaching an average of $4.83 per gallon on Monday, according to GasBuddy. The price hike comes as the effective closure of the Strait of Hormuz disrupts global crude oil supplies. According to a GasBuddy survey of 1,307 stations,
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PORTLAND, Ore. (KTVZ) — Gas prices continue to soar due to the Iran conflict, disruptions in the Strait of Hormuz, Middle East energy infrastructure damage, and seasonal factors like refinery maintenance and the switch to summer-blend fuel. Both national and Oregon averages for regular gas have risen about $1 per gallon since the conflict started
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