President Donald Trump said he foresaw ending the war on Iran within two to three weeks, suggesting the US had largely accomplished its military goals and would leave it to other nations to resolve issues with the Strait of Hormuz.
Shippers remain doubtful of a wholesale return to the Strait of Hormuz while it remains beset by conflict, throwing cold water on a Trump administration plan for US-backed insurance and naval escorts to clear passage through the vital waterway.
The White House threatened further escalation of its military campaign against Iran, which later attacked a Kuwaiti oil tanker near Dubai, as the war entered a fifth week with little relief for jolted global markets.
Iran's main oil export terminal at Kharg Island in the Persian Gulf. Source: AFP/Getty Images
The White House threatened further escalation of its military campaign against Iran, which later attacked a Kuwaiti oil tanker near Dubai, as the war entered a fifth week with little relief for jolted global markets.
Iran's main oil export terminal at Kharg Island in the Persian Gulf. Source: AFP/Getty Images
The Trump administration is talking with some offshore wind developers about buying back the leases they purchased from the federal government years ago to develop energy projects along the US coast.
Treasury Secretary Scott Bessent said a US insurance program meant to boost shipping through the Strait of Hormuz will begin soon, a move that may help revive flows of much of the world’s oil and gas supplies.
Scott Bessent, US treasury secretary, during an Economic Club of Minnesota event in Golden Valley, Minnesota, US, on Thursday, Jan. 8, 2026. Bessent called for the Federal Reserve to continue cutting interest rates, extending his pressure campaign on US monetary policymakers.
The US has drafted a 15-point plan intended to help bring the war with Iran to a close, according to people familiar with the matter, highlighting the intensifying urgency within the Trump administration to resolve the conflict as the economic toll mounts.
The Trump administration is preparing to expand the opportunity for sales of higher-ethanol E15 gasoline this summer by waiving the fuel from US volatility requirements, according to people familiar with the matter.
A driver refuels at a gas station in San Francisco.
President Donald Trump signaled that Iran had offered a “present” as a show of good faith in negotiations he has claimed are ongoing to end a 25-day conflict that’s upended global markets, even while the US deploys more troops to the Middle East.
Rescue workers inspect the site of an Iranian missile strike in Tel Aviv, on March 24.
President Donald Trump urged Republican lawmakers to link funds to reopen the Department of Homeland Security to voter ID legislation and remain in Washington through the Easter holiday if needed — imploring them to “make this one for Jesus.”
The US Capitol in Washington, DC, US, on Wednesday, March 18, 2026. Congressional Democrats walked out of a briefing with US Attorney General Pam Bondi and Deputy Attorney General Todd Blanche that was intended to cover the Justice Department's handling of files related to sex trafficking investigations of disgraced financier Jeffrey Epstein.
President Donald Trump said the US would postpone strikes against Iran’s energy infrastructure after what he called “productive conversations” with the country, in comments that spurred confusion over the participants in the talks and parameters of a deal.
Civilians and emergency workers near the remains of a residential and commercial building in the Shahrak-e Gharb neighbourhood of Tehran on March 21.
President Donald Trump threatened to attack Iran’s power plants if the country didn’t swiftly reopen the Strait of Hormuz to commercial ship traffic after the passage of oil and gas cargoes was paralyzed.
US President Donald Trump Photographer: Shawn Thew/EPA
President Donald Trump threatened to attack Iran’s power plants if the country didn’t swiftly reopen the Strait of Hormuz to commercial ship traffic after the passage of oil and gas cargoes was paralyzed.
US President Donald Trump Photographer: Shawn Thew/EPA
President Donald Trump said he’s ready to deploy Immigration and Customs Enforcement agents to US airports as soon as Monday if congressional Democrats don’t agree to a plan for funding parts of the Department of Homeland Security.
Travelers wait in line at a TSA checkpoint at Hartsfield-Jackson Atlanta International Airport (ATL) in Atlanta on March 20.
US officials said the White House is sending more than 2,000 additional Marines to the Middle East as it weighs a plan to seize Iran’s Kharg Island oil export hub, a ground operation that would carry huge risks for President Donald Trump.
Kharg Island in the Persian Gulf on March 17. Source: Copernicus
President Donald Trump temporarily waived a century-old shipping mandate to lower the cost of transporting oil, gas and other commodities around the US, marking his latest bid to combat the rise in energy prices spurred by his war in Iran.
President Donald Trump pressed for a de-escalation of attacks on Middle East energy assets after Iranian and Israeli strikes on major gas hubs jolted global markets.
Iranians set fire to US and Israel flags in Tehran on March 17. Source: Getty Images
Hawaii’s long-awaited plans to import natural gas — and burn it to produce electricity — are advancing, with Japan’s largest power-generation company laying out a blueprint for development over the next five years.
Josh Green, governor of Hawaii, right, during the governors working session in the State Dining Room of the White House in Washington, DC, US, on Friday, Feb. 21, 2025. US President Donald Trump said the US can reduce use of illegal drugs through an anti-drug ad campaign. Photographer: Francis Chung/Politico/Bloomberg/Getty Images
The Trump administration’s push for coal could lead to the first new US plant to be built since 2013.
Steam rises from the Miller coal Power Plant in Adamsville, Alabama on April 11, 2021. The James H. Miller Jr. site faces no immediate shutdown threat and has the backing of many locals because of the jobs it offers -- despite sending about as much planet warming carbon dioxide into the sky last year as 3.7 million cars. The plant highlights a key problem in counteracting climate change -- even for people who have accepted it is happening, the threat can be overshadowed by pressing daily needs like paying bills. That ongoing battle will bring together world leaders this week in Washington as President Joe Biden works to revitalize a global effort left in chaos by his predecessor Donald Trump. (Photo by Andrew CABALLERO-REYNOLDS / AFP) (Photo by ANDREW CABALLERO-REYNOLDS/AFP via Getty Images) Photographer: ANDREW CABALLERO-REYNOLDS/AFP
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