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Iran Says It Is Nearing Final Agreement With Oman on Strait of Hormuz

By: Yeganeh Torbati and Sanam Mahoozi
The agreement on an acceptable route for ships to pass through the strait would effectively ratify Tehran’s control over the crucial waterway.

Ships in the Gulf of Oman last month.

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Mojtaba Khamenei Vows Revenge as Iran’s Top Diplomat Is in Oman For Talks

By: Aaron Boxerman
Recent clashes between the U.S. and Iran, and a vow by the ayatollah to avenge his father’s death, further eroded a shaky cease-fire signed last month.

The Strait of Hormuz seen from Musandam, Oman, this month. While the Trump administration has said that a cease-fire would fully lift Iran’s blockade of the strait, that has yet to be borne out.

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Supreme Court Permits Lawsuits Over U.S. Assets Seized by Cuba in 1960

By: Ann E. Marimow
The Trump administration backed lawsuits brought by the Havana Docks Corporation that would allow the U.S.-owned entity to get compensation for property confiscated by Fidel Castro’s regime.

Cuban revolutionaries taking over the Havana Docks Corporation facilities in 1960.

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Trump Is Dissatisfied With Iran’s Plan to Reopen Strait of Hormuz

By: Tyler Pager and Julian E. Barnes
The proposal would have set aside questions about what to do with Iran’s nuclear program.

Ships in the Strait of Hormuz off the coast of Musandam, Oman, on Monday. Many have been stranded since the start of the war.

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Budget Airlines Ask Trump Administration for Billions as Fuel Costs Rise

By: Karoun Demirjian and Lauren Hirsch
A trade group for the airlines is seeking $2.5 billion to help offset the big jump in jet fuel costs since the start of U.S.-Israeli attacks against Iran.

A trade group that represents low-cost carriers including Frontier Airlines is seeking $2.5 billion from the Trump administration to offset some fuel costs.

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The Rise of the High-Range, Less Expensive E.V.

By: Francesca Paris
Even as the electric vehicle market has slumped, there are more long-range E.V.s under $40,000 than ever before.

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Middle East War Will Slow Global Economic Growth, I.M.F. Warns

By: Alan Rappeport
The conflict could also fuel another bout of inflation, according to the International Monetary Fund.

New International Monetary Fund projections showed a global economy that was stopped in its tracks by the U.S. war in Iran.

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Trump’s Latest Oil Blockade Brings Bigger Economic Risks

By: Rebecca F. Elliott
Oil markets shrugged it off, but the effort to hurt Iran could provoke retaliation that inflicts more damage on energy assets and the global economy.

A strike on the Bapco oil refinery in Bahrain in early March. A U.S. blockade of the Strait of Hormuz may give Iran a reason to restart attacks on energy assets throughout the Persian Gulf.

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Fallout of War Piles Economic Pain Onto Europe’s Political Stress

By: Patricia Cohen
Europe is finding itself on the outs with Russia, China and the U.S., in what’s amounting to its very own “Mean Girls” moment.

A liquefied natural gas terminal in Germany. Most of that L.N.G. comes from the United States, underscoring Europe’s vulnerability to American supplies.

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With a New Nigeria Refinery, Africa’s Richest Man Wants ‘to Rescue the Country’

By: Dionne Searcey
Aliko Dangote, Africa’s richest man, has an ambitious vision for the continent’s most populous nation, but hurdles stand in his way.

Aliko Dangote at home in Lagos, Nigeria, last month.

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Trump Urges Oil Companies to Speed Work in Venezuela

The president met with executives on a day when the U.S. seized another tanker carrying Venezuelan oil.

President Trump and members of his cabinet at a meeting with oil executives at the White House on Friday.

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Venezuelan Navy Escorts Vessels in Defiance of Trump’s Blockade Threat

By: Edward Wong, Anatoly Kurmanaev and Eric Schmitt
Pentagon officials, surprised by President Trump’s orders, scrambled to work out a plan to halt sanctioned tankers as Nicolás Maduro, Venezuela’s leader, vowed resistance.

An oil tanker anchored near the Cardón Refinery in Punto Fijo, Venezuela, in 2021.

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Trump’s Claim That Venezuela ‘Stole’ U.S. Oil Fields Sets Off a Nationalist Reaction

By: Simon Romero
President Trump said the United States wanted to reclaim expropriated oil assets, setting off a nationalist reaction in a country where the resource holds a mythical status.

Derricks in the Maracaibo oil fields of Venezuela in the early 20th century. American oil companies invested millions of dollars in the region, generating profits that flowed to the United States, rather than Venezuela.

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France’s Energy Giant Sees Opportunity in the Volatile Electricity Market

By: Stanley Reed
Hoping to help grid operators adapt to changes buffeting the power markets, TotalEnergies is assembling a portfolio of battery farms and natural-gas-fired power plants.

Above the air-cooled condensers at the TotalEnergies power plant in Toul, France.

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To Understand Ukraine at War, Stop by a Gas Station

Filling stations have become must-stop spots for soldiers traveling to and from the front, helping them win a place in Ukrainians’ hearts.

Ukrainian flags and the flags of various brigades hanging at OKKO gas station in Kharkiv, Ukraine.

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Miguel Uribe, Colombian Senator Shot at Campaign Event, Dies at 39

By: Genevieve Glatsky
Mr. Uribe, a presidential hopeful, was shot in June at a campaign rally in Bogotá in an attack that shocked the nation.

Senator Miguel Uribe, a conservative politician, was a grandson of a former president of Colombia.

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A Court Debates Whether a Climate Lawsuit Threatens National Security

By: Karen Zraick
The judge asked lawyers how a suit by Charleston, S.C., claiming oil companies misled people about climate risks, might be affected by a Trump executive order blasting cases like these.

Recent construction work on a sea wall to protect Charleston’s downtown areas.

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Trump’s Renewed Attacks on Powell Drive Markets Lower and Weaken Dollar

By: Danielle Kaye and Kevin Granville
President Trump’s pressure on the Federal Reserve, on top of the uncertainty about his tariff policy, continued to jar investors as stocks, bonds, oil and the U.S. dollar all tumbled.

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