Trump said in a social media post that he made the move after a breakthrough in negotiations, and that significant points under discussion "have been brought to the highest level of Iranian leadership and approved."

The European Central Bank (ECB) raised interest rates by 25 basis points on Thursday ahead of Kevin Warsh’s first Federal Open Market Committee meeting as chair of the Federal Reserve next week.  “The war in the Middle East is generating inflation pressures and the decision to raise rates is robust across a range of scenarios…

The European Central Bank (ECB) raised interest rates by 25 basis points on Thursday ahead of Kevin Warsh’s first Federal Open Market Committee meeting as chair of the Federal Reserve next week.  “The war in the Middle East is generating inflation pressures and the decision to raise rates is robust across a range of scenarios…

President Donald Trump said in a social media post that the U.S. would hit Iran "VERY HARD TONIGHT" and would "assume total control" of Iran's oil and gas industries, including the key Kharg Island oil terminal, in the "not too distant future."

The U.S. is again striking targets in Iran after missile launches targeting U.S. bases in the region. President Trump revealed the U.S. has been helping stranded vessels transit the Strait of Hormuz, asserting American control over the vital waterway. Ali Rogin reports.

Spiking energy prices sent inflation to a three-year high in May, up 4.2% annually. The Labor Department said the cost of energy was responsible for over 60% of the increase. Core inflation, which strips out volatile food and energy prices, was up a more modest 2.9%. Geoff Bennett discussed more with Roben Farzad of Full Disclosure.

Defense Secretary Pete Hegseth said the military would strike Iran "hard" Wednesday night following threats for more strikes from Trump earlier in the day.