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Iran has closed the Strait of Hormuz to maritime traffic and reportedly fired on commercial tankers, escalating tensions with the U.S.
Apr 18, 2026
Iran has reinstated restrictions on the Strait of Hormuz following the US refusal to lift its blockade on Iranian ports.
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Iran has reimposed restrictions on the Strait of Hormuz, citing the ongoing US blockade of Iranian ports as the primary reason, escalating tensions in the critical oil transit route.
Air Canada halts summer flights to New York’s JFK airport due to soaring jet fuel costs linked to the Iran conflict, redirecting focus to LaGuardia and Newark airports.
Iran asserts strict control over the Strait of Hormuz in response to US port blockade, raising tensions in the strategic waterway.
President Donald Trump dismissed the idea of Iran imposing tolls on the Strait of Hormuz, reaffirming the U.S. naval blockade on Iranian ports until a deal is reached.
Central bank leaders from the US, UK, and EU will participate in a Washington exercise to assess preparedness for a Lehman-style financial crisis.
Skyrocketing rents and stagnant wages force one in six non-college-educated men to live with parents, with many dropping out of the labor market altogether.
The Strait of Hormuz has reopened amid ongoing tensions between the US and Iran, but a US blockade of Iranian ports remains in place.
