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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.
Apr 18, 2026
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.
CBS News conducted a firsthand assessment of the Strait of Hormuz, a critical chokepoint for global oil shipments, highlighting escalating tensions in the region.
Global oil prices fell following Iran's announcement that the Strait of Hormuz is fully open for ship passage.
Iran warns it will shut down the Strait of Hormuz if the US continues its blockade, raising tensions in the region and threatening global oil supplies.
The Trump administration extends sanctions exemption for some Russian oil shipments to alleviate domestic gas price pressures.
Food service and hospitality industries press lawmakers for solutions amid tightened immigration enforcement reducing labor availability.
Former President Donald Trump proposed eliminating taxes on tips in Las Vegas, as voters express skepticism over persistent economic pressures.
