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July 14, 2026

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Trump retreats from Hormuz 20% fee plan in pivot to Gulf investment deals

The shift comes barely 24 hours after Trump declared the United States would become the "guardian" of the strategic waterway and seek compensation for protecting all cargo passing through it.

AFP via Getty Images

Oil prices climb to $85 as US-Iran attacks intensify, Hormuz traffic stalls

Brent crude traded at $85.02 a barrel at 11:44 a.m. EDT, up 2.06% from Monday's close after reaching $87.39 earlier on Tuesday.

Analysis

As Trump prioritizes Hormuz, Israel fears Iran rebuilding nuclear program while preserving ballistic missile threat

Israel is worried that the United States is centering the Strait of Hormuz, deprioritizing the threat of a nuclear Iran.

In Tel Aviv, reporting on national security, Israeli politics, defense

Analysis

'The word belongs to the battlefield': Why Iran, US are drifting back to conflict

Iran no longer seeks a return to the prewar status quo, insisting that any future negotiations begin with the new regional balance created by the conflict rather than seek to restore the old one.

Ali Hashem

In Doha, reporting on Iran, regional politics, conflict

Latest News

Trump says US to strike Iran's Pickaxe Mountain nuclear site

US President Donald Trump gestures as he steps off Air Force One to board the new Qatari-gifted Boeing plane, en route to the United States following his participation in the NATO Summit at Royal Air Force Mildenhall on July 8, 2026, in Mildenhall, England.

Explainer

Trump’s Hormuz playbook echoes Iran’s attempts to monetize waterway

The Liberian-flagged container vessel MSC Reef is seen docked along a pier at the Khor Fakkan Container Terminal, the only natural deep-sea port in the region and one of the major container ports in Sharjah Emirate, along the Gulf of Oman, on June 28, 2026.

Oil climbs after US strikes Iran, Trump vows to control Strait of Hormuz

Michael M. Santiago/Getty Images

Elizabeth Hagedorn

Diplomatic Correspondent

In Washington, DC, reporting on diplomacy, regional politics, human rights

Sabena Siddiqui

In Karachi, reporting on South Asia, Middle East, Iran

A correspondent in Tehran

In Tehran, reporting on politics

Benjamin Houghton

In Durham, reporting on China in the Middle East

Rahim Rahimov

In Baku, reporting on Middle East-Caucasus ties

Mehrnaz Samimi

In Washington, DC, reporting on Iranian culture

Abbas Mousavi, spokesman for Iran's Foreign Ministry, gives a press conference in the capital Tehran on May 28, 2019. (Photo by ATTA KENARE / AFP) (Photo credit should read ATTA KENARE/AFP/Getty Images)

Iran downplays significance of Baghdadi's death

Iranian officials have shrugged off the news that the United States killed the Islamic State leader.

U.S. President Donald Trump makes a statement at the White House following reports that U.S. forces attacked Islamic State leader Abu Bakr al-Baghdadi in northern Syria, in Washington, U.S., October 27, 2019. REUTERS/Joshua Roberts - RC1BB3AB3D30

Islamic State leader dead in US raid

Islamic State leader Abu Bakr al-Baghdadi was killed during a raid in northwestern Syria, says President Donald Trump.

A man walks away from the U.S Treasury Department in Washington, U.S., August 6, 2018. REUTERS/Brian Snyder - RC1FD03EA500

Sanctions experts say new US Treasury measure could inhibit humanitarian trade with Iran

The US Treasury's new Iran "humanitarian" mechanism is seen by experts as a tool to inform new sanctions on the country.

What IDF chiefs won’t say out loud

Some of Israel’s previous military chiefs took a courageous stand and publicly stated that there was no military solution for the Israeli-Palestinian conflict, but current Chief of Staff Aviv Kochavi is on the same wavelength as Prime Minister Benjamin Netanyahu.

Iran's Foreign Minister Javad Zarif attends a joint news conference after meeting with Norway's Foreign Minister Ine Eriksen Soereide in Oslo, Norway, August 22, 2019. NTB Scanpix/Stian Lysberg Solum/ via REUTERS ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. NORWAY OUT. NO COMMERCIAL OR EDITORIAL SALES IN NORWAY. - RC169141C270

Zarif urges united nonaligned front against US

Four years after signing of the JCPOA, Iran’s Foreign Minister Mohammad Javad Zarif said relying on the United States is a "delusion."

Turkish President Tayyip Erdogan speaks during a meeting with Russian President Vladimir Putin in Sochi, Russia October 22, 2019. Sputnik/Alexei Druzhinin/Kremlin via REUTERS ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. - RC11687C0E70

How Iran sees Russia-Turkey deal on northeastern Syria

Iran's exclusion from the Turkey-Russia talks on northern Syria reflected its lack of leverage on the matter, but Tehran welcomed the agreement forged, especially its support for the Adana Agreement.

Iraq's President Barham Salih meets with Iran's President Hassan Rouhani in New York, U.S., September 25, 2019. Picture taken September 25, 2019.The Presidency of the Republic of Iraq Office/Handout via REUTERS ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. - RC17C7ED7020

Is Iran expanding its influence in Iraq?

Iran seems to have further expanded its influence in the Iraqi government; Tehran still, however, faces challenges in Iraqi governmental bodies that have remained independent of Iran.

Boys wave towards a convoy of U.S. vehicles withdrawing from northern Syria, in Erbil, Iraq October 21, 2019. REUTERS/Azad Lashkari - RC155923AC50

Trump administration scrambles to salvage US troop presence in Syria

President Trump says he would leave some US troops in Syria to keep the Assad regime and Iranian forces away from oil fields; the Syrian Democratic Forces commander speaks with both Trump and the Russian army chief of staff.

Turkish President Recep Tayyip Erdogan attends a meeting with Russian President Vladimir Putin in the Black sea resort of Sochi, Russia, 22 October 2019. Sergei Chirikov/Pool via REUTERS - RC1A9B5BF840

Erdogan still under fire in Iran despite Syria agreement

While Iran's Foreign Ministry has welcomed the Russia-Turkey agreement on Syria, the Turkish president remains in hot water over the offensive he launched against Syrian Kurds.

Russian President Vladimir Putin and Turkish President Tayyip Erdogan attend a news conference following their talks in Sochi, Russia October 22, 2019. Sputnik/Alexei Druzhinin/Kremlin via REUTERS ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. - RC1AC62B4210

Turkey, Russia both claim win in Syria agreement

Turkish President Recep Tayyip Erdogan seems to get what he wants regarding the Kurdish People's Protection Units, and Russia appears to gain yet more influence in Syria; has Idlib become a pawn in Turkish-Russian negotiations?

Saudi Arabia's Crown Prince Mohammed bin Salman meets with Pakistani Prime Minister Imran Khan in Riyadh, Saudi Arabia, October 15, 2019. Bandar Algaloud/Courtesy of Saudi Royal Court/Handout via REUTERS ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. - RC16CE5018F0

Pakistan's diplomacy unlikely to work with Tehran, Riyadh

The world can hope for, but not expect, great things to come from Pakistani Prime Minister Imran Khan's recent diplomatic trips to Iran and Saudi Arabia.

Freed Lebanese businessman Nizar Zakka, who had been detained in Iran since 2015, gestures during a news conference at the Presidential Palace in Baabda, Lebanon June 11, 2019. REUTERS/Aziz Taher - RC161D667D00

Iran angles for prisoner swap deal with US

Iran has sent yet another signal of readiness for a prisoner swap deal with the United States, one that could see several inmates released on both sides.