The Two Ugly Paths Now Facing The US Economy

Iran says the Strait of Hormuz is closed to all traffic due to US violations of the Memorandum of Understanding (MOU). President Donald Trump asserted that the waterway was open to commercial shipping.  “Due to recent unlawful movements by United States military forces in the region, transit through the Strait of Hormuz is currently not […]

Iran Says No Plans For 2nd Talks After US Seizure Of Cargo Ship, Pakistanis Contradict, Oil Prices Climb Summary Hormuz latest: Just three ships have crossed in the past 12 hours, shipping data indicates. Iran's military after Sunday's US seizure of Iran-flagged cargo ship: will "take the necessary action against the US military" Vance will try again in Pakistan, though still unclear whether Iranians will join - Pakistanis say yes, but timeline is fluid. Xi to Saudi crown prince important phone call: "the first time the Chinese leader had called for the reopening of the...

US Sanctions 35 Individuals, Entities To Dismantle Iran's Shadow Banking Authored by Kimberly Hayek via The Epoch Times (emphasis ours), The U.S. Treasury Department on April 28 imposed sanctions on 35 individuals and entities accused of running Iran’s secret shadow banking network. US Treasury Secretary Scott Bessent speaks during a press briefing in the Brady Briefing Room at the White House in Washington, on April 15, 2026. Brendan Smialowski/AFP via Getty Images Treasury has accused the network of transferring tens of billions of dollars to help Iran dodge U.S. sanctions and finance terrorism. The...