Bessent: The Strait of Hormuz Is Going To Become Irrelevant In 2 Years

Treasury Secretary Scott Bessent sits down with 12News journalist Mark Curtis in Arizona for an interview. REPORTER: There are some who have speculated the Strait will never go back to being the way it was before.

Oil prices jump after Iran publishes restrictive draft plan for Strait of Hormuz

Crude oil prices rose Thursday after Iranian state news published a draft plan with restrictive conditions for ship traffic in the Strait of Hormuz.

Iran makes new strait demands, the UAE says a ship was targeted and other Middle East news

There was no immediate comment from the U.S., which has wanted an acceptable deal first on the strait before ending the blockade.

Iran believes time is on its side in the war with the U.S. But its strategy carries great risks

Iran is betting that military pressure will ultimately force the United States to accept Tehran's control over the Strait of Hormuz — and that time is on its side. But its strategy carries risks.

Iran War Updates: Iran targets ship in Strait of Hormuz even as it says deal is close

Yemen's Houthi rebels launch fresh attacks on Saudi-backed government troops, says Yemeni state media, as Cruz says Trump must seek "regime collapse."