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April 16, 2026 10:10 AM

US optimistic of deal with Iran as it increases economic pressure

The Trump administration expressed optimism on Wednesday about reaching a deal to end the war with Iran, while also warning of increasing economic pressure against Tehran if it remains defiant. President Donald Trump has said he believes the war he ...

April 16, 2026 10:04 AM

US warns that buyers of Iranian oil could be hit with sanctions

The United States on Wednesday threatened to sanction buyers of Iranian oil and said it believed China would pause such purchases as Washington enforces a maritime blockade on Iran. "We have told countries that if you are buying Iranian oil, that if...

April 16, 2026 10:00 AM

US-sanctioned supertankers enter Gulf despite blockade

A second U.S.-sanctioned supertanker has entered the Gulf via the Strait of Hormuz, shipping data showed, despite a U.S. blockade on vessels visiting Iranian ports. U.S. President Donald Trump announced the blockade on Sunday after weekend peace tal...

April 16, 2026 8:52 AM

India resilient despite global shocks, says IMF chief 

India’s economy is expected to remain resilient even as global growth slows amid war-driven disruptions, with strong fundamentals helping it outperform most economies, the International Monetary Fund’s Managing Director Kristalina Georgieva has s...

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