Iran and the United States traded attacks across the Gulf as Tehran said it had again closed the Strait of Hormuz, raising concerns over energy supplies and regional security.

If it isn't just the war driving prices, what is? The answer runs through refining capacity, fuel taxes and a strained global market, not the price of crude alone

Speaking ahead of the NATO summit in Ankara, the U.S. president said he no longer wanted to engage with Tehran, dismissing further negotiations as a waste of time.

The NATO chief defended Washington's latest military action against Tehran while urging Europe and Canada to increase defense spending as alliance leaders met in Ankara.

Between F-35 sales and CAATSA, to a Hormuz naval coalition and Canada's $12B sub deal, allies show new defense muscle at the Ankara summit

Iran is on high alert during days of mourning, with Israel and the US warning against escalation

Crude prices dropped for a third day as Washington and Tehran reported progress on Strait of Hormuz talks

Foreign Ministry spokesman Esmaeil Baghaei said Iran is determined to retain control over the strait, while a new round of talks with Qatar on the US deal is expected Wednesday

The agreement between Washington and Tehran includes provisions for nuclear monitoring, though Iran has said some sites will remain restricted until a final deal is reached