Breaking and developing coverage from across New York.
Oil prices jumped about 5% Thursday morning as Hurricane Isaias forced more than a quarter of U.S. Gulf oil production offline while escalating attacks on tankers intensified concerns about Middle East supply. Brent crude climbed to $105.20 per barrel and U.S. crude reached $92.75 as two major supply risks hit the market simultaneously.
Qatari mediators are expected to hold separate talks with Iranian Foreign Minister Abbas Araqchi in New York and with U.S. officials as soon as Monday or Tuesday, focusing on an amended version of Iran's seven-day proposal to end the conflict and reopen the Strait of Hormuz.
U.S. stock-index futures moved lower Monday morning as crude oil climbed above $108 a barrel after President Donald Trump rejected Iran's proposal to end the conflict and reopen the Strait of Hormuz, renewing concerns about inflation and higher interest rates.
A powerful nor’easter affecting the East Coast from Washington, D.C., through New England knocked out power to more than 119,000 customers at its peak Saturday and forced airlines to cancel more than 400 flights as strong winds, coastal flooding and heavy rain continued.
A senior Iranian official told Reuters that Tehran will not compromise on uranium enrichment or agree to ship its highly enriched uranium abroad even if Washington accepts Iran's proposal for reopening the Strait of Hormuz, highlighting major gaps that remain in negotiations.
U.S. envoys Steve Witkoff and Jared Kushner communicated with Iranian Foreign Minister Abbas Araghchi through mediators in New York, marking the first U.S.-Iran contacts since an interim ceasefire collapsed in July as both sides explore whether negotiations can resume.
President Donald Trump said he supports restricting U.S. diesel exports as his administration considers a full or partial ban aimed at addressing record-high fuel prices, though top energy officials have warned the move could create new supply problems.
President Donald Trump told the U.N. General Assembly that the Justice Department would closely watch the artificial intelligence industry and could act if necessary, while reiterating his opposition to regulations he says could slow U.S. AI development.
President Donald Trump used his United Nations address to call for deeper economic isolation of Iran and said he believes an agreement could come after November's U.S. midterm elections, while Secretary of State Marco Rubio separately left open the possibility of dialogue.
The United States, Denmark and Greenland signed a new Arctic and North Atlantic security agreement that expands the U.S. military presence in Greenland while preserving Danish sovereignty and Greenlandic self-determination.
Iran has offered to reopen the Strait of Hormuz within seven days if the United States eases military pressure and lifts its blockade of Iranian ports, a proposal that has already helped push oil prices below $100 a barrel.
Washington and Tehran are signaling possible renewed diplomacy during the United Nations General Assembly in New York, with Iran offering a path to reopen the Strait of Hormuz while fighting in Yemen adds new pressure on regional security and global shipping.
Treasury Secretary Scott Bessent, U.S. Trade Representative Jamieson Greer and Chinese Vice Premier He Lifeng are meeting Sunday as the two countries negotiate tariffs, critical minerals and artificial intelligence before President Xi Jinping’s state visit to Washington.
