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President Donald Trump does not want to reduce arms sales to Saudi Arabia as a response to Jamal Khashoggi's disappearance.

The 3-letter word that’s missing from the showdown with Iran

Behind the latest tensions is the US desire for the control of a resource that Iran is in a unique position to challenge, writes Michael T. Klare.

Rate cuts are coming — and markets are ecstatic

Stocks climbed on Thursday after Federal Reserve Chair Jerome Powell strongly hinted the central bank will cut rates this month.
Map showing the Strait of Hormuz, a narrow mouth of the Persian Gulf where 21 million barrels of oil pass through every day.

How the Strait of Hormuz, a narrow stretch of water where ships transport $1.2 billion worth of oil every day, is at the heart of spiraling tensions w...

The US blames Iran for two tanker explosions and a drone shooting near the Strait of Hormuz. Some 21 million barrels of oil pass through it every day.
A map showing an approximate route of the Grace 1 tanker, which authorities in Gibraltar say was headed for Syria.

A seized Iranian tanker took a several-thousand-mile detour around Africa in a possible attempt to sneak a shipment of crude oil to Syria

Iran's tanker was seized in Gibraltar, where authorities say they had reason to believe it was violating sanctions by taking oil to Syria.
Saudi Arabia's Oil Minister Khalid Al-Falih.

OPEC is stepping in as oil prices send an ominous signal about the global economy

Oil prices were lower following the move by OPEC, a signal that growth concerns have overwhelmed expectations for lower supply.

Trump’s new Iran sanctions are part of a ‘high risk’ strategy that could start a war he doesn’t want, experts warn

Trump is trying to force Iranian leaders into talks with more sanctions, but that could also lead Iran to seek more confrontations — and trigger war.
On the eve of renewed sanctions by Washington, Iranian protesters trample on an Israeli flag during a demonstration outside the former US embassy in the Iranian capital Tehran on November 4, 2018, marking the anniversary of its storming by student protesters that triggered a hostage crisis in 1979. - Thousands joined rallies in Tehran and other Iranian cities, carrying placards that mocked President Donald Trump, wiping their feet on fake dollar bills, and engaging in the usual ritual of burning the US flag.

Iran downed a $130 million US drone. Trump’s sanctions are probably costing Iran $120 million a day.

Iranians have complained of feeling their "bones breaking" under enormous and effective Trump-imposed sanctions.
An oil tanker is seen after it was attacked at the Gulf of Oman

Trump calls on China, and the world, to protect their own ships from Iran

While the US has become the world's top energy exporter thanks to a boom in fracking, it still imports more than 30,000 barrels of oil a month from countries in the Middle East.

Oil, gold, and bitcoin are jumping on Iran tensions before Trump reveals ‘major’ sanctions, while stocks are mixed

Rising US-Iran tensions and a prolonged US-China trade war have lifted commodities and cryptocurrencies.