Watch Live: Fed Chair Warsh Delivers Keynote Address At Jackson Hole

Iran Warns US Of 'Infrastructure For Infrastructure' War, Will Control Hormuz As 'Unbreakable Red Line' Since the prior day's handover of American detainee Dena Karari back to the US, which President Trump said he "appreciated" as a rare "gesture of goodwill" from Iran, Washington's bombs over the Islamic Republic appear to have ceased or slowed, for now at least. But that doesn't mean Iran's retaliatory missiles and drones on America's Gulf allies have halted. On Thursday, Kuwait has announced its air defenses continue to be active, confronting inbound assaults by "hostile drones". Screengrab of IRGC...

Iran FM Blames U.S. "Contradictions" On Stalled Peace Talks As Tehran Slaps Million-Dollar Hormuz Tax On Ships The U.S. and Iran remain stuck in preliminary talks to end the war, with the main obstacle being Tehran's demand for access to billions of dollars in frozen assets and the Trump administration's refusal to provide upfront cash or broader sanctions relief. Tehran is seeking about $12 billion upfront and $24 billion during a proposed 60-day negotiation window. "Twenty-four billion dollars is not much for America if he wants to reach an agreement with Iran,"...

EU Targets Head Of Russian Orthodox Church With Sanctions What is there left to sanction in Russia? Apparently the European Union still sees plenty of opportunity to punish Russia over the Ukraine war, and is set to go after even religious leaders, now in year five of the conflict and many sanctions packages later. The head of the Russian Orthodox Church, Patriarch Kirill, is among many names to be targeted in the EU's latest anti-Moscow sanctions proposal. Kirill has long been accused of justifying the war based on his several patriotic-themed...