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Unsettled and uncertain: What the Iran war means around the world as US and Iran enter talks

The long-term fallout of the war in Iran is only beginning to take shape, but this much is clear: The conflict has left the Middle East unsettled, alliances strained and the world facing uncertain shifts in the balance of economic and military power. Iran’s theocracy is tattered but alive, with new economic leverage. The U.S. and Israel will hold elections this year, their leaders potentially facing voters having fallen short of their war aims. The NATO alliance, already strained, is under even more pressure. The Gulf Arab states face an emboldened Iran in their backyard. Israel If Prime Minister Benjamin

Chinese oil tankers transit Strait of Hormuz, data shows

Oil tankers and cargo ships line up in the Strait of Hormuz as seen from Khor Fakkan, United Arab Emirates, Wednesday, March 11, 2026. (Photo: AP)/Oil prices

SINGAPORE, April 11 (Reuters) – Two Chinese supertankers passed ​through the Strait ‌of Hormuz on Saturday, shipping data on ​LSEG showed, likely ​the first vessels to ⁠exit the ​Middle East Gulf since ​the U.S.-Iran ceasefire deal was struck earlier this ​week. Very Large ​Crude Carriers Cospearl Lake and ‌He ⁠Rong Hai, both chartered by Unipec, the trading arm ​of ​Asia’s ⁠largest refiner Sinopec (600028.SS), opens new tab, entered and ​exited “Hormuz Passage trial ​anchorage” ⁠that bypasses Iran’s Larak Island on ⁠Saturday, ​the data ​showed.

Trump says US forces are ‘clearing’ Strait of Hormuz

Washington, April 11 (Reuters)” U.S. President Donald Trump on ​Saturday posted on social media that the United States ‌military has started to clear the Strait of Hormuz, and that all of Iran’s minelaying ships have been sunk. “We’re now starting the ​process of clearing out the Strait of Hormuz,” ​Trump wrote in a Truth Social post, adding that “all ⁠28” of Iran’s “mine dropper boats are also lying at ​the bottom of the sea”. Minutes before Trump’s post, reports ​started to emerge about the presence of U.S. naval ships in the strait. An Axios journalist, citing an unnamed U.S. official,

War in Iran sends inflation soaring and the mood of American consumers plunging

Washington (AP): The largest monthly jump in gas prices in six decades caused a sharp spike in inflation last month, creating major challenges for the inflation-fighters at the Federal Reserve and heightening already substantial political hurdles for the White House. Consumer prices rose 3.3% in March from a year earlier, the Labor Department said Friday, up sharply from just 2.4% in February and the biggest yearly increase since May 2024. On a monthly basis, prices rose 0.9% in March from February, the largest such increase in nearly four years. It’s the first read on inflation to capture the effects of the Iran war.

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