The Latest Breaking News from the US Navy

The United States military isn’t ready to escort oil ships through the Strait of Hormuz, according to a top official in President Donald Trump’s administration, directly contradicting earlier suggestions from the president. This news comes as Iran continues to effectively block the crucial waterway, causing oil prices to surge worldwide.

IN FULL

Earlier Tuesday, Energy Secretary Chris Wright wrote on X that the U.S. Navy had escorted an oil tanker through the Strait of Hormuz

The S&P 500 Index ($SPX ) (SPY ) on Tuesday fell -0.21%, the Dow Jones Industrial Average ($DOWI ) (DIA ) fell -0.07%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) fell -0.04%. March E-mini S&P futures (ESH26 ) fell -0.11%, and March E-mini Nasdaq futures (NQH26 ) rose...

April WTI crude oil (CLJ26 ) on Tuesday closed down -11.32 (-11.94%) at $83.45, and April RBOB gasoline (RBJ26 ) closed down -0.1681 (-5.99%). April WTI crude oil on Monday rallied to a 3.75-year nearest-futures high of $119.48 but has since fallen back to the $83-per-barrel area. Crude oil prices...

A sailor aboard an Iranian warship that was sunk by the US Navy in the Indian Ocean earlier this week had called his father, saying American forces had issued two warnings for the crew to abandon the frigate, Iran International reported.

Operation Epic Fury sees the US Navy destroy over 30 Iranian warships, raising concerns about regional stability and global shipping routes.

US forces say they have sunk over 30 Iranian ships and hit missile and space command sites by early Friday.

Gaxos stock rallies on a new military contract from the US Navy. But owning GXAI shares in 2026 remains a rather risky proposition.