GLOBAL ENERGY CRISIS: The global economy faces "major threat" and the current energy crisis is worse than the oil shocks of the 1970s, the International Energy Agency warned, as Asian markets tumbled on the escalating threats. The U.S. moved to ease sanctions on Iranian oil to cool surging prices, but that could be a boon for Tehran.

The U.S. and Israel could soon escalate the war against Iran on Monday as President Donald Trump's deadline for Tehran to reopen the Strait of Hormuz ticks closer.

At war with Iran, President Donald Trump is cycling through an increasingly desperate list of options as he searches for a solution to the crisis in the Strait of Hormuz.

Plus, the Supreme Court weighs whether states can count ballots that are mailed on time but arrive after Election Day.

Israelis said securing the strait for energy shipments could become the war’s main goal now that regime change and ending Iran’s ability to obtain a nuclear weapon seem out of reach.

Strait of Hormuz traffic is near collapse as Iran reportedly charges tankers $2 million in transit fees, prompting President Trump to threaten strikes on Iranian power infrastructure.

President Donald Trump says NATO and other allies have rejected his calls to help secure the Strait of Hormuz.