The stand-off, coupled with a weak dollar as the Federal Reserve flags an interest rate cut, has helped push gold prices to six-year highs above $1,400
Two officials told The Associated Press on Saturday that the strikes were conducted with approval from Trump
The sanctions move, announced on Twitter with no additional detail, came as Trump spent the day at the Camp David presidential retreat having meetings and phone calls
Iran warned the United States on Saturday that any aggression against the Islamic republic would have serious consequences
The security premium built into oil prices could rise further as tensions between the US and Iran heat up
American and Iranian officials are disputing the circumstances of the incident
The BAMS-D drone was downed by an Iranian surface-to-air missile system while flying in international airspace over the Strait of Hormuz
Tehran's response to the drone was "a clear message" from the "defenders of the borders" of Iran, said Hossein Salami, quoted by Tasnim news agency
Washington has blamed Iran for last week's attacks, releasing images and a grainy video it alleges shows Iranians on a patrol boat removing an unexploded limpet mine attached to one of the tankers
With tensions rising, the US has sent an additional 1,500 troops to the Middle East
Calling Iran "a nation of terror", President Donald Trump on Friday publicly accused the Persian Gulf nation of responsibility for recent attacks on oil tankers near the strategic Strait of Hormuz. Trump said Iran's culpability was "exposed" by the United States. While calling into Fox News Channel's "Fox & Friends," he said of the Thursday attacks, "Iran did do it." While Iran has denied being involved in the attacks, US Central Command released footage it said shows Iran's Revolutionary Guard removing an unexploded limpet mine from the Japanese-owned tanker Kokuka Courageous. Trump didn't offer any potential US response to the attack, saying the US has been "very tough on sanctions." He added: "They've been told in very strong terms we want to get them back to the table." The tanker attacks coincided with Japanese Prime Minister Shinzo Abe's visit to Iran. Abe, a Trump ally, had taken a similar message encouraging a return to negotiations on his visit to Tehran. US officials ..
Oil Minister Bijan Namdar Zanganeh declined to give details on Iran's oil exports, saying he would not disclose figures until sanctions were lifted
Trump said "of course" he'd be willing to talk to Iranian President Hassan Rouhani
US President Donald Trump last month refused to give waivers to countries like India from buying oil from Iran, in an attempt to reduce Iran's oil exports to zero
The tension between the two countries has been on the rise since the US pulled out of the 2015 nuclear deal.
Authorities allege that a sabotage operation targeted four oil tankers off the coast of the United Arab Emirates
Tensions between Washington and Tehran have increased in recent days, raising concerns about a potential US-Iran conflict
Trump has reportedly acted more cautiously than the two advisers who are infamous for being hawkish on Tehran
The threat of war is not just on the Twitter timeline of US President Donald Trump. It is also in Pompeo traipsing through Europe, cancelling a meeting with the Germans
In a speech to state officials, Khamenei was saying the showdown is only a test of resolve and not a military encounter.