Commerce Department data showed exports rose in April, shrinking the monthly trade deficit.

The move is part of an effort to insulate Americans from rising energy costs, including gas at more than $4 per gallon, because of the war with Iran.

Residents in Kuwait said they are increasingly concerned there will be more attacks.

The blockade is depriving Tehran of petroleum revenue and the market of millions of barrels of supply.

Section 301 tariffs are seen as more legally sound and flexible than other powers Trump has eyed, but also more time-consuming. 

The company has managed to send at least eight oil tankers through Hormuz during the war, far more than any other independent owner.

he proposed tariffs would exempt some products, including beef, coffee, rare earth metals, aircraft equipment and certain fruits and vegetables, among the main goods the U.S. imports from Brazil.

They’re called the Performance Elite. And they share a playbook: Fix the process before deploying the model. Prepare the workforce before scaling the agents. Build governance before automating decisions.

Control over the corridor is central to tortuous negotiations between the U.S. and Iran aimed at ending the conflict.

Both Iran and the U.S. have said their talks, via mediators such as Pakistan and Qatar, are making progress.