The Strait of Hormuz remains the world’s most critical oil chokepoint. Roughly 15–17 million barrels of crude pass through the narrow waterway each day, with the largest flows heading to Asia. China, India, Japan, and South Korea together account for the bulk of imports, underscoring how any disruption in the Persian Gulf would reverberate most strongly across Asian energy markets.
Americans paid more for groceries in April as food inflation accelerated, though economists said rising gasoline prices tied to the Iran war were only part of the problem. According to Labor Department data, prices for food consumed at home rose 2.9% from a year earlier, the highest annual increase
The U.S. government has imposed new sanctions on a network accused of helping Iran export oil to China, according to Treasury Department announcements released Monday. The sanctions target three individuals and nine companies operating across Hong Kong, the United Arab Emirates, and Oman. U.S. officials said the entities
By Harold Hutchison, Daily Caller News Foundation | May 10, 2026 Energy Secretary Chris Wright deflected when asked by “Meet the Press” host Kristen Welker about when gas prices would start to drop. The average price of a gallon of gas in the United States on Sunday was $4.52, according
By Elizabeth Troutman Mitchell, The Daily Signal | May 12, 2026 President Donald Trump is bringing a slew of top business leaders with him to Beijing for his state visit with Chinese leader Xi Jinping. “I am very much looking forward to my trip to China, an amazing Country, with a
Trade is expected to dominate the talks, with discussions reportedly focused on extending the existing trade truce, easing export restrictions, and creating new U.S.-China trade and investment boards.
Jensen Huang joined U.S. President Donald Trump’s trip to China after initially appearing absent from the high-profile business delegation traveling to Beijing.
Democrat Sen. Mark Kelly is being blasted by Secretary of War Pete Hegseth after speaking publicly on depleted munitions stockpiles, with the lawmaker accused of revealing classified information.
