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Vessel at the Strait of Hormuz, off the coast of Oman’s Musandam province
US-sanctioned supertankers enter Gulf despite blockade

By Florence Tan SINGAPORE, April 16 (Reuters) - A second U.S.-sanctioned supertanker has entered the Gulf via the Strait of Hormuz, shipping data showed, despite a U.S. blockade on vessels visiting Iranian ports. U.S. President Donald Trump announced the blockade on Sunday after weekend peace talks in Islamabad between the U.S. and Iran failed to reach a deal. The U.S. Central Command said on X

  • 2 min read
NYC Mayor 100 Days
Senate rejects effort to halt arms sales to Israel, but most Democrats vote to block them

WASHINGTON (AP) — More than three dozen Democrats supported an effort by Vermont Sen. Bernie Sanders on Wednesday to block arms sales to Israel, signaling a growing discontent in the party with Prime Minister Benjamin Netanyahu and the wars in Gaza and Iran. The two resolutions to block U.S. sales of bulldozers and bombs to Israel were opposed by a...

  • 3 min read
FILE PHOTO: U.S. Federal Reserve Chair Powell holds a press conference, at the U.S. Federal Reserve in Washington
Trump threatens to fire Powell if he doesn't quit Fed board; ongoing probe clouds Warsh confirmation

By Howard Schneider WASHINGTON, April 15 (Reuters) - President Donald Trump on Wednesday threatened to fire Federal Reserve Chair Jerome Powell from his separate seat on the U.S. central bank's Board of Governors if Powell does not vacate that post as well when his term as Fed chief ends on May 15, intensifying a complicated standoff that has upended the Fed's usually smooth transition of power.

  • 4 min read
California gubernatorial candidate Rep. Eric Swalwell listens to a question from the audience during a town hall meeting in Sacramento on Tuesday, April 7, 2026. - Rich Pedroncelli/AP
Inside the sudden downfall of Eric Swalwell

As one California Democrat prepared to formally endorse Rep. Eric Swalwell for governor this spring, the lawmaker hesitated. They had heard rumors the married father of three slept around in Washington and worried about putting their name behind him in a crucial contest.

  • 8 min read
FILE PHOTO: The Pentagon building is seen in Arlington, Virginia, U.S.
Pentagon approaches automakers, manufacturers to boost weapons production, WSJ reports

April 15 (Reuters) - Senior U.S. defense officials have held talks about producing weapons and other military supplies with top executives of companies including General Motors and Ford Motor, the Wall Street Journal reported on Wednesday, citing people familiar with the discussions. The preliminary and wide-ranging talks, which started before the war in Iran, come as the Trump administration

  • 2 min read
The CDC’s Roybal campus in Atlanta
White House favors former deputy surgeon general to lead CDC

By Yasmeen Abutaleb and Julie Steenhuysen CHICAGO, April 15 (Reuters) - The White House is considering nominating former Deputy Surgeon General Erica Schwartz to run the Centers for Disease Control and Prevention, according to one person familiar with internal conversations. Schwartz, who served as Deputy Surgeon General during President Donald Trump's first term, was directly involved in the

  • 2 min read
A woman walks past an electronic screen displaying stock quotation board in Tokyo
Stocks climb to new highs as traders bet on Iran truce trades

By Gregor Stuart Hunter SINGAPORE, April 16 (Reuters) - Global equities vaulted past their previous all-time highs in Asian trading on Thursday as optimism grew about a deal to end the Iran war, while traders digested a buffet of economic data and critical earnings reports. MSCI's All-Country World Index advanced 0.2% to mark a 10th consecutive day of gains and a fresh record high as U.S.

  • 4 min read
House Budget Committee hearing on the Trump administration's 2027 budget request, on Capitol Hill in Washington
White House offers no hint of Iran war cost as it seeks military funding surge

By Nolan D. McCaskill and David Morgan WASHINGTON, April 15 (Reuters) - White House budget director Russell Vought said on Wednesday he could not estimate the cost of the Iran war, as he defended President Donald Trump's request for a massive $1.5 trillion annual military budget against bipartisan criticism from U.S. lawmakers who cited the Pentagon's historic lack of financial accountability. "

  • 3 min read
Trump
From dropping bombs to pressuring banks: US pivots to economic warfare on Iran

WASHINGTON (AP) — If the U.S. and Iran aren’t able to soon come to a deal to end the war or extend the ceasefire that expires next week, the Trump administration is setting the stage to shift its war campaign toward a more economic-focused effort aimed at choking Tehran into submission rather than relying on bombs alone. Treasury Secretary Scott Be...

  • 5 min read
Aircraft Carrier Record Deployment
US aircraft carrier breaks record for longest deployment since the Vietnam War

WASHINGTON (AP) — The world's largest aircraft carrier, the USS Gerald R. Ford, broke the U.S. record Wednesday for the longest post-Vietnam War deployment, a nearly 10-month span that saw it take part in both the military raid in Venezuela and the Iran war. The ship's 295th day at sea surpassed the previous longest deployment by an aircraft carrie...

  • 3 min read
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