58 minutes ago
Trump says he'll suspend federal gas tax to help address high fuel prices due to the Iran war
President Donald Trump says he'll suspend the federal gas tax to help address high fuel prices due to the Iran war.
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Iran live updates: Trump says ceasefire is 'unbelievably weak'
Trump railed against the Iranian proposal response that he received on Sunday.
Last updated: Monday, May 11, 2026 6:27PM GMT
President Donald Trump announced "major combat operations" against Iran on Feb. 28, with massive joint U.S.-Israeli strikes targeting military, government and infrastructure sites.
Following the announcement of a two-week ceasefire, initial U.S.-Iran talks in Pakistan in April failed to reach a peace deal.
Trump later announced the open-ended extension of the ceasefire and the continuation of a U.S. blockade until negotiations are concluded "one way or the other."
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Here's how the news is developing.
58 minutes ago
Oil prices climb after Trump rejects Iran proposal
Oil prices climbed after President Donald Trump rejected Iran's latest proposed peace deal as "totally unacceptable," with the U.S. and Iran still appearing far apart on any resolution to the war.
Oil was at nearly $98 a barrel -- up 2.5% -- in U.S. trading as of Monday morning, with global oil at $104, up nearly 3%.
The average price of a gallon of regular gas on Monday was $4.48, down 3.7 cents compared to Sunday and up $1.54 since the war started, according to GasBuddy.
