Iranians face a sudden surge in prices for food and daily essentials, and many families say they cannot keep up.

It's not just crude oil and LNG that move through the Strait of Hormuz. One fourth of the world's nitrogen fertilizer supplies come from the Middle East, and that supply is vital to modern global agriculture.

TEHRAN, Iran (AP) — Iran’s rial slid further Monday to a new record low of more than 1.3 million to the U.S. dollar, deepening the currency’s collapse less than two weeks after it first breached the 1.2-million mark amid sanctions pressure and ...

On 28 February 2026, coordinated US–Israel strikes on Iran under Operation Epic Fury and Operation Roaring Lion triggered regional Iranian retaliation across the Gulf, including attacks against targets in Qatar,

Iran could face serious food shortages if the disruption to shipping through the Strait of Hormuz continues, analysts have warned.

The U.S. sank an Iranian warship in international waters, Defense Secretary Pete Hegseth said Wednesday, as it intensified its bombardment with Israel of Iran's security forces and other symbols of power.