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US President Donald Trump has formally notified Congress that the United States is at war with Iran, triggering a 60-day window for military operations without needing new congressional approval. The notification follows renewed clashes between US and Iranian forces over the Strait of Hormuz, according to Mint. The formal war notice activates a legal framework

Yemen has threatened to shut the Bab al-Mandeb Strait, a critical waterway through which roughly 5 million barrels of oil travel daily and 12 percent of global maritime trade passes annually. The warning comes as US-Iran hostilities intensify, raising the possibility that two major shipping chokepoints could be disrupted simultaneously, potentially driving oil prices to

A US federal judge has cancelled a 1.8 billion dollar settlement between Donald Trump and the Internal Revenue Service, ruling that the settlement was reached for improper purposes. The decision removes tax audit immunity that Trump had gained through the settlement and reopens the possibility of future tax investigations into Trump’s finances. Trump’s legal team

Oil prices have reached their highest level in a month as military tensions between the United States and Iran intensify, pushing Brent crude near $85 per barrel. The price spike reflects trader concerns about disruption to the Strait of Hormuz, a narrow waterway between Iran and Oman that handles roughly one-third of all seaborne oil