A United Arab Emirates company has expedited construction of a second oil pipeline to bypass the Strait of Hormuz, but normal flow through the region, and potential price stabilization, is still several months away,

What the US Navy accepts is risk to send ships through tends to be different than what the merchant ships do.”

President Donald Trump has considered himself an effective dealmaker above all else, but he appears to have hit a wall with Iran as his tough talk, threats and even military action have not moved Tehran from its long-established positions.

It comes days after President Donald Trump postponed a planned attack on the country amid negotiations to end the war.

Drivers could be in for pain at the pump during the busy summer travel months, with an average of $4.80 per gallon or higher expected between Memorial Day and Labor Day. The dire forecast, from gas-tracking service GasBuddy released Wednesday,

Fox News @ Night’ panelists scrutinize Iran’s dragging out of talks with the United States.

The warning came as the US and Iran maintained opposing stances on Tehran’s uranium stockpile and controls on the Strait of Hormuz on Thursday, although US Secretary of State Marco Rubio said there had been “some good signs” in talks.

But reopening of strait in Arabian Gulf remains critical for full flow of trade activity to resume