Axios reported that US Central Command has prepared a plan for a wave of "short and powerful" strikes on Iran.

The average price for a gallon of gas in the US is now $4.30, as sources say US President Donald Trump is laying the groundwork for an extended blockade of Iranian ports. Follow for live news updates.

Oil prices extended gains on Thursday on concerns supply from the key Middle East producing region will remain bottled up for longer as talks to end ​the U.S.-Israeli war against Iran have deadlocked.

Brent crude futures for June delivery climbed to above $111 a barrel as the endpoint of the U.S.-Iran conflict remains unclear.

Mediators in Pakistan expect to receive a revised peace proposal from Iran on Friday, according to sources. Here’s what we covered.

Axios reported that US Central Command has prepared a plan for a wave of "short and powerful" strikes on Iran.

Global oil prices hit more than $126 a barrel on concerns that the U.S.-Iran war could worsen and lead ⁠to a protracted Middle East oil supply disruption that could hurt ​global economic growth.

Mediators in Pakistan expect to receive a revised peace proposal from Iran within the next few days. Follow for live updates.