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An Iranian official said his government was looking at an American plan to end the war, hours after President Trump threatened to resume strikes. Earlier Wednesday, another Iranian official dismissed a reported proposal as a “list of American wishes.”
Tehran says it can endure the pain, but its oil may soon have nowhere to go.
China’s top diplomat also warned against the restarting of hostilities as he met with Iran’s foreign minister. The U.S. has urged China to pressure Iran to reopen the waterway.
Prime Minister Sanae Takaichi is attempting to raise Japan’s profile at a time when China’s clout is rising and doubts about the United States are spreading.
Trump officials and their Venezuelan allies have promised a new era of accountability to unlock Venezuela’s immense oil wealth. But the country’s oil industry remains a black hole.
The president is trying to ratchet up the economic pressure on Tehran, but Iran’s government is unlikely to make a deal without a big, face-saving compromise.
As one of the most important figures in media history, he oversaw a vast cable empire of news, sports and entertainment channels.
Shipping, taxes, competition and environmental regulations all play a part in the cost of gasoline. That can lead to stark differences in pump prices.
President Trump said a U.S. blockade of the Strait of Hormuz would “remain in full force.” The shift came after the defense secretary said U.S. efforts to free trapped vessels would continue.