Analysts say taking Kharg Island could hit Iran’s finances, but risks, limits and alternatives complicate the strategy.

US President Donald Trump has raised the idea of American forces seizing Iran's Kharg Island, its main oil terminal in the Persian Gulf.

Israel said last week that it had killed Tangsiri in a “precise and lethal operation”.

Pakistan announced Sunday that it would soon host talks between the U.S. and Iran, though there was no immediate word from Washington or Tehran, and it was unclear whether discussions on the monthlong...

Oil prices rose during early trading in Asia with Brent crude up 3 per cent to more than $116 a barrel.

About 2,500 U.S. Marines arrived in the region.

Markets were pricing roughly a 50% probability the Federal Reserve raises rates by December, a stunning reversal from expectations of two cuts at the start of the year. The tech-heavy Nasdaq 100 index was down more than 6% on the month and crossed into correction territory from its January peak.

Shipping had only recently returned to Red Sea route before Houthi threats

The U.S. and Israel continued launching strikes against Iran over the weekend, with the Israeli military telling CBS News that 70% of Iran's ballistic missile launchers have been taken out. But Iran continues launching its own strikes against targets in the Gulf.

Yemen's Houthis have fired on Israel for the first time since the war began.

The Ministry of Defence has said the country’s air defence and fighter jets are responding to an “incoming missiles and [drones] threat from Iran”.