3+ hour, 32+ min ago   (685+ words) CAIRO – Iran-backed Houthis in Yemen overnight claimed new attacks on neighboring Saudi Arabia, as Yemen's Saudi-backed government described the rebels' swift advance along the Red Sea coast as a “painful” development in a new front in the Iran war. The…...

5+ hour, 26+ min ago   (641+ words) An Iranian commercial ship was struck early Sunday near the Strait of Hormuz, with one person killed, Iranian state media say. Meanwhile, the Iranian-backed Houthi rebels in Yemen said they fired drones and missiles toward southern Saudi Arabia, putting new…...

2+ day, 19+ hour ago   (376+ words) FRANKFURT – The European Central Bank raised interest rates Thursday to cool inflation that is being fed by high oil prices from the Iran war. The decision was supported by a stronger-than-expected economy that suggests businesses can weather the higher borrowing…...

3+ day, 6+ hour ago   (405+ words) WASHINGTON – Wholesale inflation picked up last month after cooling earlier this summer as higher oil and gas prices stemming from the Iran war keep costs elevated. In a striking acknowledgment Wednesday, Trump said that oil prices likely won’t come down…...

2+ day, 22+ hour ago   (445+ words) ADEN – The Iran-backed Houthi rebel group on Thursday took over Yemen’s port city of Mokha, an area vital to controlling shipping through the Red Sea, Houthi and Yemeni officials said. Mokha is about 80 kilometers (50 miles) from the Bab el-Mandeb Strait,…...

3+ day, 31+ min ago   (222+ words) Sales of previously occupied U.S. homes declined in August to their slowest annual pace in more than a year as home shoppers grappled with rising mortgage rates and home prices. Existing home sales fell 2% last month from July to a seasonally…...

3+ day, 17+ hour ago   (451+ words) NEW YORK – A racketeering conspiracy trial of Huawei Technologies began in New York on Wednesday with federal prosecutors accusing the Chinese tech company of a litany of crimes, including stealing technology from American companies, abusing the U.S. financial system and…...

3+ day, 10+ hour ago   (677+ words) BANGKOK – Asian shares skidded Thursday following a retreat on Wall Street as the price of crude oil again traded above $100 a barrel. U.S. futures were modestly higher. The price of Brent crude jumped 3.4% on Wednesday, surging above $100 a barrel for…...

3+ day, 13+ hour ago   (594+ words) WASHINGTON – President Donald Trump said Wednesday that oil prices that have surged because of the Iran war likely won’t come down until after U.S. midterm elections. Oil prices on Wednesday jumped more than 3%, pushing international Brent crude past the…...

3+ day, 22+ hour ago   (710+ words) Iran-backed Houthi rebels in Yemen said Wednesday that Saudi-backed forces had launched dozens of airstrikes overnight across four Yemeni provinces, after rebel attacks on Saudi Arabia ignited fires at several oil facilities and wounded dozens of people. Separately, Iranian state…...