Day 56 of Iran War: Ceasefire Extended; Trump Cautions on Hormuz as Oil Gains

US President Donald Trump announced that the Israel–Lebanon ceasefire has been extended by an additional three weeks following discussions at the White House with representatives from both sides.

He also directed the US Navy to "shoot and kill" any Iranian boats laying mines in the Strait of Hormuz.

Traffic through the strategically vital waterway remains severely disrupted, and Iran’s seizure of two large cargo vessels has highlighted its continued leverage. 

Oil markets reacted sharply on Friday, with Brent...

Day 49 of Iran War: Oil Slumps as Iran Opens Hormuz; Lebanon Ceasefire Fuels Hopes of Wider Deal

With a 10-day ceasefire in Lebanon taking effect, Iran’s Foreign Minister Abbas Araghchi said the Strait of Hormuz is open to all commercial vessels for the duration of the truce, Reuters reported.

US President Donald Trump said a broader deal to end the war involving Iran is “very close,” with another round of negotiations potentially taking place this weekend in Islamabad. 

Despite signs of progress, significant hurdles remain as key differences persist, leaving both sides preparing for either a diplomatic breakthrough...

CNBC/NRF Retail Monitor Shows Sales Grew in March As Tax Refunds Offset Rising Gas Prices

Retail sales rose again in March as consumers received higher-than-usual tax refunds that made up for increased gasoline prices, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released today [April 14, 2026] by NRF.

“Retail sales grew for a sixth consecutive month in March as the first wave of tax refunds offset higher gas prices resulting from the conflict in the Middle East,” NRF President and CEO Matthew Shay said. “Despite record low consumer sentiment and the...

Day 45 of Iran War: Oil Prices Surge Above $100 as US Tightens Control Over Iranian Gulf 

The United States said it will begin blockading all Iranian Gulf ports at 10 a.m. ET on Monday, tightening control over shipping in the Strait of Hormuz after talks with Iran over the weekend ended without agreement.

US President Trump indicated that US forces would intercept vessels in international waters that had paid what he described as illegal tolls to Iran.

Iran condemned the move as “piracy” and warned it could retaliate against Gulf ports, signaling escalating tensions with no quick reopening of the...

Day 41 of Iran War: Lebanon Mourns After Deadly Israeli Strikes; Iran, US Clash Over Ceasefire Terms

Lebanon declared a national day of mourning after Israeli air strikes killed over 250 people and injured more than 1,000, marking the deadliest bombardment of the current war. 

Iran said a cessation of Israeli strikes in Lebanon was a key condition of its proposed 10-point plan to end the broader Middle East war. Iran's Parliament speaker Mohammad Bagher Ghalibaf said ceasefire talks were “unreasonable” given what he described as repeated violations, including continued attacks in Lebanon.

Confusion persists within the...

Summer Waiver and Increased Urgency for Year-Round E15

American Farm Bureau Federation President Zippy Duvall called for EPA’s summer waiver to allow sales of fuels blended with 15% ethanol, or E15, to be made permanent amidst growing urgency and calls for the passage of legislation.

“Farm Bureau thanks Administrator Lee Zeldin and EPA for granting a waiver to allow E15 to be sold during the summer, but the time is now for Congress to make the availability of E15 permanent.

“Biofuels play an important role in meeting America’s energy needs and are a win-win for farmers and drivers...

Day 21 of Iran War: Iran Intensifies Campaign Against Gulf Arab States

The Iranian campaign against Gulf Arab states is expanding, carried out in response to an Israeli strike earlier this week on the South Pars gas field.

On Friday, Tehran launched an attack on an oil refinery in Kuwait, while Israel continued its bombing of the capital. Kuwait’s national oil company reported that multiple units were taken offline. 

Iranian strikes on Qatar’s Ras Laffan LNG facility cut about 17% of output, potentially for up to five years, according to QatarEnergy...

Day 17 of Iran War: US Allies Decline Trump's Request to Send Ships to Strait of Hormuz

On the 17th day of the US-Israeli war on Iran, Israel launched a fresh wave of airstrikes on Tehran. Iranian officials dismissed US claims of truce talks, emphasizing readiness to defend the country.

Amid rising tensions in the Gulf region, Iran’s Foreign Minister Abbas Araghchi says the Strait of Hormuz “is open, but closed to our enemies, to those who carried out this cowardly aggression against us and to their allies”.

US President Donald Trump is pushing allies to form a coalition to secure the Strait of Hormuz, while Japan and Australia have said...