Fast-rising gas prices lifted the Federal Reserve’s preferred inflation gauge to 3.5% in March, its highest rate in almost three years, new data showed Thursday.

Iran warns that if Washington renews attacks it will respond ‌with "long and painful strikes" on US positions, complicating US plans for an international coalition to open the Strait of Hormuz.

“Militarily, on the battlefield, it’s been an astounding military success.”