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The price of oil plunged and markets surged early Wednesday after a new report that the U.S. believed it was nearing a deal to end the war with Iran and eventually reopen the Strait of Hormuz.
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The American effort to reopen the Strait of Hormuz to commercial shipping is still on course, Defense Secretary Pete Hegseth said, even as Iran's state broadcaster dismissed it as a failure.
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Fuel is airlines' second-largest expense, and getting even costlier due to the U.S. war with Iran. Airlines are looking for ways to cope, starting by hiking checked baggage fees for most fliers.
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Prosthetic make-up designer Mike Marino reveals how he created the supermodel's show-stopping costume for the annual event in New York.
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World number one Aryna Sabalenka believes players will boycott a Grand Slam "at some point" because of the ongoing dispute over prize money.
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