World

U.S. Sanctions Iran Over Missile Launch, Tensions Rise

Updated 2026-05-28 14:50 UTC 1 source Negative

The U.S. has sanctioned Iran's Hormuz Strait authority and condemned a recent ballistic missile launch at Kuwait. These actions come amid ongoing tensions between the two nations ahead of November’s midterm elections.

Coverage timeline — 2 articles

CNBC

U.S. sanctions Iran's Hormuz Strait authority, condemns ballistic missile launch at Kuwait

The latest military and economic actions come as President Trump insists he feels no pressure to make a deal with Iran before November's midterm elections.

2026-05-28 14:17 UTC

CNBC

Starbucks says afternoon traffic is rising as turnaround starts to take hold

Starbucks says afternoon traffic is surging, led by menu innovation, as CEO Brian Niccol pushes to turn the chain into an all-day destination.

2026-05-28 14:30 UTC