Trump’s war has barely weakened Iran’s military, with missile power still largely intact, allies warn - The Pentagon announced on Tuesday that 10 weeks of war has cost the US $29bn

President Donald Trump said his representatives are having “positive discussions” with Iran as the two countries trade peace proposals. Meanwhile, the average cost of gas in the US rose to $4.45 a gallon.

The announcement comes hours after a merchant ship reported being attacked by multiple "small" boats near the Strait of Hormuz.

Iran has offered to end its chokehold on the Strait of Hormuz in exchange for the U.S. lifting its blockade on the country and an end to the war.

Donald Trump’s war in Iran has failed to break Tehran’s missile capability, US intelligence assesses, despite the president’s claim to have completely defeated the regime’s military. Intelligence agencies have reportedly told lawmakers that Iran has regained access to most of its missile sites,

Former Ambassador-at-Large Nathan Sales and former naval aviator Gregory Glaros discuss CENTCOM’s announcement that the U.S. blockade in the Strait of Hormuz is being ‘fully enforced’ on ‘The Sunday Briefing.

President Trump last week announced an operation to guide ships through the Strait of Hormuz amid the Iranian blockade, and then two days later, he announced it would be paused. Energy Secretary Chris Wright told "Face the Nation with Margaret Brennan" that the U.

Iran's near-complete closure of the vital trade artery ‌since the joint Israeli-U.S. airstrikes on the country on February 28 has sent shockwaves through global energy markets