Oil drops 3% as U.S. shifts to economic pressure on Iran, easing fears of renewed war

Oil prices fell more than 3% on Tuesday as the U.S. pivots to economic sanctions rather than military strikes to pressure Iran. Brent futures, the international benchmark, fell 3.2% to…

UAE severs trade with Iran after reported missile strike

The United Arab Emirates said it had paused all trade and financial transactions with Iran, after reporting that two ballistic missiles were launched from the country toward its territorial waters.…

Dow leaps 1,000 points fueled by earnings, hopes for Hormuz Strait deal; S&P 500 hits record: Live updates

A trader works at the New York Stock Exchange. NYSE Stocks had a banner day Tuesday, with the S&P 500 and Dow Jones Industrial Average scaling to fresh record highs,…