The United States and the Philippines have announced plans to establish a 4,000-acre industrial hub to secure inputs vital to American and global supply chains. The site is located in the Luzon Economic Corridor of the Philippines. The site — the first of its kind — is being designated by the Philippines...
A pause in fighting between Israel and Iran-backed Hezbollah in Lebanon, and President Donald Trump's statement that the US and Iran are "very close" to making a deal to end the weeks-old Middle East war has sent oil prices down on Friday. Brent crude oil price decreased by more than 3 percent to $96.33 a barrel, while the US-traded WTI fell by nearly 4 percent to $91.10. Oil has been trading b
President Donald Trump has expressed confidence that a deal with Iran is on the cards, and a second round of negotiations to end the Middle East war could resume next weekend. Speaking at a campaign event in Las Vegas Thursday to promote his administration's economic policies and tax cuts, Trump said, "The war in Iran is going along swimmingly. It should be ending pretty soon." Earlier, Trump to
A 10-day ceasefire between Israel and Lebanon came into effect at midnight in Beirut, offering a pause in Middle East war after weeks of fighting. The ceasefire is set to last for 10 days initially, that could be extended, according to Washington. Israeli Prime Minister Benjamin Netanyahu said it will pave the way for a "historic peace agreement" with Lebanon. He said Israeli Defense Forces wil
The U.S. Government has intensified pressure on Iran's illicit oil transportation infrastructure by sanctioning more than two dozen individuals, companies, and vessels operating within the network of Iranian oil shipping magnate Mohammad Hossein Shamkhani. Shamkhani is the son of Ali Shamkhani, who...
A resolutions that would block the transfer of select weapons to Israel has failed in the Senate for the fourth time. The resolutions, which aimed at limiting President Donald Trump's power to wage war against Iran, was rejected by 52 to 47 votes, mostly along party lines. Democrat Senator John Fetterman opposed the Bill, while Republican Senator Rand Paul voted for the measure, which would have
FIFA President Gianni Infantino said that Iran will definitely participate in the U.S.-hosted World Cup football championship, which is set to kick off in June. Iran is scheduled to play three group stage matches against New Zealand, Belgium, and Egypt in U.S. venues, including Los Angeles and Seattle. Iran's participation in the high-profile four-year football gala had been in doubt since the o
USS Gerald R. Ford has broken the record for the longest carrier deployment since the Vietnam War. The sailors of USS Gerald R. Ford said goodbye to their families in Norfolk last June thinking they would be back before the holidays. But after being ordered from the Mediterranean to the coast of Venezuela and then to the Middle East, Ford on Wednesday broke the record for the longest modern carri
As NASA's X-59 quiet supersonic jet takes to the air, its sleek configuration is now on display thanks to a key milestone it reached recently - flying wheels-up. The transition marks an important step in the aircraft's testing. Experimental aircraft typically make their earliest test flights with the landing gear down, then begin retracting it after successfully meeting performance benchmarks. Th
President Donald Trump has said in an interview with the New York Post that US-Iran Talks to end the Middle East war could be revived "in the next two days". In a preview of an interview released by Fox News, Trump said the war is "very close to over". The two-week ceasefire, agreed by the United States and Iran to end the Middle East war, is set to expire on April 23. In other development in
The U.S. Department of State announced the expansion of its partnership with Gilead Sciences and The Global Fund to increase access to lenacapavir (LEN), a breakthrough HIV prevention medication. LEN is a twice-yearly injectable medication, which has shown 99.9 percent effectiveness at preventing...
President Donald Trump's statement that US-Iran talks to end the Middle East war could resume later this week has helped ease tensions in the global oil market, and the oil prices have fallen further. Brent crude oil price decreased to $95.22 a barrel, while the US-traded WTI fell to $91.30. BBC reported that at least seven ships, including vessels linked to Iran, crossed the Strait of Hormuz o
The U.S. Food and Drug Administration has reminded more than 2,200 medical product companies and researchers of the requirements to submit certain clinical trial results information to ClinicalTrials.gov. Companies and researchers often fail to disclose negative trial results, resulting in significant...
The clock is ticking for global food systems as disruptions in the Strait of Hormuz threaten to choke off the flow of fuel and crucial fertilizers needed for the next planting season - also raising the risk of higher food prices and a new wave of inflation, the Food and Agriculture Organization has warned. A fragile ceasefire between the United States and Iran has done little to restore confidenc
U.S. Central Command forces prepared to start clearing mines in the Strait of Hormuz, as two Navy destroyers conducted operations. The USS Frank E. Peterson and the USS Michael Murphy transited the strait and operated in the Persian Gulf as part of a broader mission to ensure the strait is fully clear of sea mines previously laid by Iran's Islamic Revolutionary Guards Corps. "Today, we began th
April 10, 2026 16:21 ET Inflation data from the U.S. was the main data event this week as the conflict in the Middle East continue. The minutes of the latest Fed policy session and the survey data on the services sector also made headlines. In Europe, manufacturing orders data from Germany was in focus. Price data from China drew attention in Asia.