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Trump claims Iran ship seizure amid rising tensions

US President Donald Trump said on April 19 that the U.S. Navy’s guided-missile destroyer USS Spruance struck the engine room of the Iranian-flagged cargo vessel TOUSKA and seized it in the Gulf of Oman.Following Iranian Foreign Minister Abbas Araghchi’s declaration on April 17 that the Strait of Hormuz was “open,” attempts by vessels to pass through resumed..

China likely to continue to devalue the Yuan
Chinese financial authorities weakened its currency for the second day in a row on Wednesday. The yuan decision could be positive for Chinese economy, but..

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