The amount of oil and fuel stored by businesses and governments has fallen sharply since the start of the U.S.-Israeli war against Iran.

President Trump is returning home from Beijing after a two-day summit that achieved a few deals but left investors and analysts underwhelmed.

The U.S. blockade has intercepted dozens of vessels since mid-April. But a small number of ships with Iranian cargo are still sailing.

Iranian news agencies said some Chinese ships were being allowed through the strait, following diplomatic outreach to Iran from Beijing.

Iranian news agencies said some Chinese ships were being allowed through the strait, following diplomatic outreach to Iran from Beijing.

President Xi Jinping of China is buying time for Beijing and may see an opening with a U.S. president weakened by the war in Iran.

The balance of power between the United States and China had shifted in Beijing’s favor even before the war in Iran began in February.

Electric vehicle sales have soared in Europe and much of the rest of the world, but Americans are still hesitant.

With talks at an impasse, both sides are holding to positions their opponents call unacceptable, while the economic pain caused by the Strait of Hormuz blockade continues to grow.

The murkiness in the Strait of Hormuz reveals a darker side of global shipping: Some vessels don’t want to be found.

President Trump said the fragile cease-fire was on “life support,” and India’s leader urged residents to cut back on purchases and travel.

As the government has been devising plans to keep the dollar dominant, China has been making its own moves to increase global influence of the renminbi.

How the economic shock waves of Trump’s Iran war will be felt globally.

The new measures are focused on Chinese companies that supply Iran’s military with materials to make drones.