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Live updates: Iran holds to demands on Strait of Hormuz, US fires on cargo ship and Trump evades Tehran threat

Iranian Foreign Minister Abbas Araghchi said Tuesday the Strait of Hormuz won’t be reopened until the U.S. meets its conditions, after President Trump said he wants compensation from Iran “for all of the people that they have killed” in the past. He told reporters that Iran has “astonished the whole world” in the war against the United States and...

Live updates: Iran holds to demands on Strait of Hormuz, US fires on cargo ship and Trump evades Tehran threat

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US Sells 2 Seized Sanctioned Tankers for Scrap After Venezuela Raid

The US government has sold two sanctioned oil tankers seized in the days after Washington's raid on Venezuela to Dubai-headquartered recycling firm Global Marketing Systems, Lloyd's List reported. The Russian-flagged vessels, now named Era and Lileo, were seized in January and will be demolished in scrap yards in India.

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