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The Latest Breaking News from International Business Times

Traffic Through The Hormuz Strait Is Decreasing Again. Oil Prices Are Climbing As a Result

Oil keeps rising on Monday as tensions continue to flare up between the U.S. and Iran in the Strait of Hormuz.

International Business Times

The U.S. And Iran Further Escalated Strikes In The Hormuz Strait. Now a Top Tehran Official Says The MOU Is In 'Crisis'

A top Iranian official said the memorandum of understanding between the U.S. and Iran is in "crisis" after the nations escalated attacks in the Strait of Hormuz.

International Business Times

Wealth Inequality Gaps Are Narrowing. Now the K-Shaped Economy is Losing Its Shape, New Data Shows

For years, economists have described the U.S. recovery as "K-shaped," meaning higher-income households benefited disproportionately from rising asset values, stronger investment returns, and housing appreciation.

International Business Times

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Russian Missiles Target Kyiv Drone Factory Hours After Lindsey Graham's Visit

A Ukrainian drone factory in Kyiv was destroyed by Russian missiles days after US Senator Lindsey Graham toured the site. Here's what we know about the strike and its implications.

International Business Times

How Did Lindsey Graham Die? Cause of Death and Inside Senator's Final Hours Before His Shocking Demise

Senator Lindsey Graham died at 71 after experiencing chest pain and cardiac arrest following a diplomatic visit to Ukraine, highlighting his enduring commitment to foreign policy until his final hours.

International Business Times

Q2 Earnings, Economic Data: A Trigger-Heavy Week Looms Over Investor Sentiment

Data on retail sales, industrial production, housing starts and consumer sentiment will likely steer the investor sentiment in the next five days.

International Business Times

Trillion-Dollar Panic? Elon Musk Abruptly Halts Live TV Appearance as Fresh SpaceX Concerns Mount

Elon Musk abruptly postponed a live CNBC interview just before airtime, ducking questions on SpaceX's market debut, Tesla and his Grok AI model as investors hunted for clues.

International Business Times

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Deep Skepticism About AI Companies Is The National Mood: US Respondents Favor Strict Federal Oversight

An overwhelming 81% respondens of a survey said the government should have the authority to block the release of a risky AI system. The survey by Verasight, a non partisan research firm, also indicates the public demand for strict federal oversight of AI firms as tech layoffs amid higher corporate…

International Business Times

Nuclear Lockdown: Massive 2-Tier UFO Spotted Over Texas Weapons Base in New Pentagon Files

New Pentagon files reveal a massive two-tiered UFO seen near a Texas nuclear weapons facility, described by a veteran aviator as 'unlike anything' in his 28‑year career.

International Business Times

Where is Mitch McConnell Now? Gov Andy Beshear Demands Senator 'End the Crazy Speculation'

Kentucky Governor Andy Beshear steps up demands for transparency on Mitch McConnell's health as the 84‑year‑old senator's absence and Elaine Chao's China trip fuel unanswered questions.

International Business Times

Trump Confidant South Carolina Senator Lindsey Graham, 71, Dies

One of the most influential figures in in the Trump administration on foreign policy, Graham advised the US president on Iran and Russia. Graham, who had reportedly just returned from a trip to Ukraine, had announced an agreement on Friday with the Trump administration to move forward on a package…

International Business Times

Middle East Tensions Flare Up As IRGC Shuts Strait Of Hormuz: US, Iran Trade Strikes And Peace Hopes Recede

The US forces launched another wave of attacks on Iran near the contentious Strait of Hormuz on Saturday. The US strikes followed a missile attack on a commercial cargo ship by the Islamic Revolutionary Guard Corps (IRGC), the elite military unit of Iran.

International Business Times

Airfares Up 20%: Delta CEO Says This Summer's Flight Prices Won't Fall

Airfare prices 2026 remain elevated after Delta Air Lines CEO Ed Bastian told CNBC on July 10 that the roughly 20% jump in domestic ticket prices is "sustainable," citing strong demand and four carriers controlling 73% of U.S. traffic — even as jet fuel costs are projected to fall 20%…

International Business Times

Kash Patel Abruptly Scraps Private Flight To Visit Girlfriend After Reportedly Being Summoned By 'Frustrated' White House Officials

FBI Director Kash Patel reportedly cancelled a planned Chicago trip after a White House meeting, as scrutiny grows over his use of government aircraft and travel.

International Business Times

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International Business Times

How To End The Tussle Over Hormuz Strait: Is Britain, Oman Floating A Not So Straight Proposal

The new line of thought is that if payment is voluntary, it could pacify the US advocacy of a free shipping transit system globally and result in a closure for the dispute over control of the Strait of Hormuz. A fifth of the global oil and energy supplies passed through…

International Business Times

End of a 4-Year Separation: Why King Charles Rejected Official Royal Protocols for a Private Afternoon With Harry's Kids

King Charles III privately reunited with Prince Harry, Meghan, and their children at Highgrove House, marking the first meeting with his grandchildren in four years, amidst ongoing family tensions.

International Business Times

'Just Literally Bomb Them': Donald Trump Discloses Apocalyptic Retaliation Orders If Iran Succeeds in Assassinating Him

Donald Trump has instructed the US to retaliate with unprecedented force against Iran if he is assassinated, highlighting ongoing tensions and security concerns following past conflicts.

International Business Times

Trump's Patriot Missile Pledge A Boost To Ukraine: Will Kremlin Tweak War Playbook

Russia's latest missile strikes came after the US pledged to give Kiev the permission to produce Patriot missiles and Trump seemingly reversed his stance on the issue, mounting pressure on Kremlin to redraw its war strategy.

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International Business Times

Brazil Crypto Crackdown: Police Raid 87 Shell Companies in Operation Veil of Maya

They called it Operation Veil of Maya, after the philosophical idea of an illusion that hides reality. The cops were not being subtle.

International Business Times

Coinbase's Top Lawyer Is Leaving Right Before the Biggest Vote in Crypto History

Paul Grewal spent six years as Coinbase's chief legal officer, took the company public, and beat the SEC in a case that could have gutted the entire US crypto industry.

International Business Times

Do Aliens Exist? Pentagon Releases Clearest Military UFO Video Yet as Air Force Tracking Sensor Loses Control

The Pentagon has released a 2020 UFO video, sparking renewed debate over its origins. The footage, part of a broader declassification effort, remains unresolved, fuelling both belief and scepticism.

International Business Times

US Bucks The Trend Despite Price Spike, But Oil Demand Set To Slump: When Is A Recovery Expected

Oil demand worldwide is expected to dip this year, the International Energy Agency said in a report. The expected decline in oil demand would be the first time since the peak of the COVID-19 pandemic in 2020, the IEA report said.

International Business Times

Trump's Loaded Threats, Iran Leader's Revenge Call: Will Middle East Talks Get Back On Track

Uncertainty loomed over the talks between the US and Iran over finding a peaceful solution to the Middle East conflict, with warring parties coming out with confusing claims .The US has demanded that Iran should publicly acknowledge that the Strait of Hormuz is open and pledgto stop firing on commercial…

International Business Times

Meta's Muse AI Sparks Privacy Concerns After Public Instagram Photos Are Opted In Automatically

Meta's Muse AI tool faces criticism for using public Instagram photos without explicit consent, sparking privacy concerns. Users must manually opt out, and critics call for stronger consent rules.

International Business Times

Why I'm betting on Dubai

Gates Hospitality CEO Dr. Naim Maadad explains why Dubai's resilience, business climate, and hospitality sector remain strong despite regional uncertainty.

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