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Brent oil structure changes to reflect mounting supply risk as Iran tensions flare

The price of Brent crude oil futures for prompt delivery rose on Tuesday to a one-month high over the price for oil six months later as traders priced in renewed risks to Middle Eastern supplies and shipping through the Strait of Hormuz.The first-month Brent contract traded $8.92 a barrel above the sixth-month contract, its largest premium since June 10. A market structure in which prompt contracts trade at a premium to later ones is known as backwardation and is typically viewed as a sign of tight near-term supplies.Brent's move follows a sharp escalation in tensions between the U.S. and Ira

Delivery Hero confirms advanced negotiations with Uber over potential takeover offer

House to vote Tuesday on bill to enact year-round Daylight Saving Time

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Trump says US will be doing a lot of deals with Iraq, taking a lot of oil out

President Donald Trump on Tuesday told reporters ahead of a meeting with Iraqi Prime Minister Ali al-Zaidi that the United States would be doing a lot of deals with Iraq and taking a lot of oil out of the country."Iraq has tremendous potential because of their oil ... and we're going to be doing a lot of deals. We're going to create a lot of jobs for both countries, and we're going to be taking out a lot of oil," said Trump, without giving details."A lot of oil is coming out, and the American companies are doing it - mostly American companies now." (Reporting by Trevor Hunnicutt and Katharine

Nine killed in Pakistan-administered Kashmir clashes

Regulatory action on chips, AI is coming, Commerce official says

Fed's Warsh: Committed to both inflation and employment mandates

Federal Reserve Chairman Kevin Warsh on Tuesday said he is just as committed to the Fed's employment mandate as he is to the inflation mandate that he has repeatedly emphasized since taking over the U.S. central bank."We have no disfavored part of the job that you gave us," Warsh told members of the House Financial Services Committee. "Price stability and maximum employment are not an either-or proposition. I'm committed to both of them."Asked later if he would agree to take targeted measures to address the disparities between Black and white unemployment rates and opportunities, Warsh said,

Outgoing UK PM Starmer given France's top honour by President Macron

E. Jean Carroll receives $5.63 million owed by Trump in sex abuse case

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Justices Kagan and Barrett demand more Supreme Court security funding in rare appearance before Congress

Justice Amy Coney Barrett delivered an unusually personal plea for additional security funding for the Supreme Court on Tuesday, using a rare hearing before Congress to address for the first time personal threats that have been directed against her and her family.Barrett, who was joined Tuesday by Justice Elena Kagan in requesting millions more for judiciary security, recalled two incidents – a recent swatting attempt at her home and the issuance by court security of bulletproof vest when, she said, threats against her were “particularly intense.”“I didn’t expect that performing this

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The Latest: Justices testify about Supreme Court security in rare appearance before Congress

Weeks after the end of a historic term, Supreme Court Justices Elena Kagan and Amy Coney Barrett are making a rare appearance before Congress, and facing wide-ranging questions as the high court seeks millions of dollars to beef up security amid a rise in threats to the judiciary. Down the street, U.S. President Donald Trump welcomed new Iraqi Prime Minister Ali al-Zaidi to the White House after strongly backing the political novice’s bid for office. Iraq has been under pressure to disarm Iran-backed militias that attacked U.S. bases and diplomatic facilities aft

Outbreak of diarrhea from parasite expands to more states as US cases soar beyond last year’s level

See what video shows about fatal ICE-involved shooting in Maine

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Trump says Reflecting Pool has been drained and will be ‘put back into service soon’

President Donald Trump said the Lincoln Memorial Reflecting Pool was drained Monday to make repairs and that it “will be refilled and put back into service soon,” again claiming that vandals gashed the pool’s lining.CNN observed that much of the water had been drained, revealing dried sediment, algae and some debris on what was supposed to be a freshly renovated landmark painted what Trump previously called “American flag blue.Since Trump called for the pool’s renovation in April, the more than $14 million project has been plagued by massive algae blooms, green-hued water, a chipping

Johnson gambles on ambitious summer agenda as GOP anxiety rises ahead of midterms

Republicans returned to Washington on Monday night in an increasingly dour mood about the state of their party: Growing fears of a November wipeout. A Middle East war with no end in sight. A feeling of loss after the sudden death of their longtime colleague Lindsey Graham.Now, with President Donald Trump’s attention focused on Capitol Hill for what could be the party’s final legislative sprint before the midterms, a restless House Speaker Mike Johnson is racing to reverse Republicans’ political fortunes.Johnson is privately pushing a major legislative push centered on Pentagon funding, c

Trump reduces size of 2 national monuments in Utah as Republicans reshape land management

Who is Darline Graham Nordone, Sen. Lindsey Graham's sister?

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Trump drops 20% fee plan for Hormuz Strait in favor of deals with Gulf states

U.S. President Donald Trump on Tuesday dropped the idea of charging a 20% fee on all cargo shipped through the Strait of Hormuz, and said he would instead take trade and investment deals with the Gulf states.The change of plan comes a day after Trump proposed charging a 20% fee to guard the waterway."Based on highly productive conversations with Middle East leadership, I have decided to replace the 20% United States Reimbursement Fee with Trade and Investment Deals that the various Gulf States will be making into the United States," he said in a post on Truth Social.Trump did not mention any

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Trump task force uncovers more than $1 billion in trade fraud

The Trump administration says its trade fraud crackdown has already topped $1 billion in recoveries and alleged losses, less than a year after the launch of a task force dedicated to this initiative.The figure includes money recovered through criminal and civil cases, including penalties, settlements, restitution, asset forfeitures and losses alleged in pending cases, according to the task force. Only $150 million of that total is tied to pending cases. The news was shared exclusively with CNN.The Trump administration has made trade enforcement a central part of its broader effort to increase

ICE suspends traffic stops in wake of Maine fatal shooting, sources say

Trump administration orders ICE to suspend most vehicle stops after two deadly shootings: AP source

Warsh says Fed has 'no tolerance' for high inflation but provides no hints on next move

Federal Reserve Chair Kevin Warsh said Tuesday that the Fed will make high inflation “a thing of the past," yet he provided no signal about the central bank's next steps. Fed policymakers “have no tolerance for persistently elevated inflation,” Warsh said in his first appearance before Congress since becoming chair May 22, replacing former chair Jerome Powell. “And we share a resolute commitment to restoring price stability.” Still, Warsh heads a sharply divided rate-setting committee, with about half of the 19 policymakers penciling in higher interest

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Todd Blanche has to win over skeptical Republicans. Democrats are laying lots of traps

More than three years ago, President Donald Trump turned to New York defense attorney Todd Blanche to step into a legal firestorm that threatened multiple criminal convictions and could cost Trump’s business hundreds of millions of dollars.Now, Blanche is slated to formally undertake the permanent role as the face of the president’s campaign of retribution against those who he believes tried to improperly target him for nearly a decade.His confirmation as the attorney general by the Senate isn’t assured. Sen. Lindsey Graham’s sudden death left the Judiciary Committee Republicans with j

Everything you need to know about the first World Cup semifinal: Spain vs. France

FACT FOCUS: A look at US and Iranian claims of control over the Strait of Hormuz

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Is Mbappé too good for France?

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Hungary passes constitutional amendment to remove Orbán-era president

Hungary's Parliament has passed a constitutional amendment aimed at removing the president, seen as a loyalist of former Prime Minister Viktor Orbán

UN shipping agency opposes fees for any strait, after Trump plans Hormuz charge

The U.N.'s shipping agency said on Monday that it opposes fees on ships passing through maritime waterways but would await more details after U.S.

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Trump says Reflecting Pool has been drained and will be ‘put back into service soon’

Johnson gambles on ambitious summer agenda as GOP anxiety rises ahead of midterms

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Macron calls go-it-alone defence strategies in Europe an 'absurdity'

French President Emmanuel Macron on Monday warned European countries against go-it-alone national defence policies, as governments ramp up military spending

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Former Spanish leader is criticized for comments about France's World Cup team

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U.S. military renews strikes on Iran while tankers come under attack in Strait of Hormuz

The U.S. military carried out a third consecutive night of strikes against Iran on

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Hormuz traffic slows to two-month low as renewed US, Iran strikes raise safety risk

The number of tankers transiting the Strait of Hormuz fell in the past day to the lowest level in two months, shipping data

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US attacks Iran and Tehran retaliates across the Middle East as both vie for control of strait

The U.S. has launched more strikes on Iran after President Donald Trump said Washington is “reinstating” a blockade on Iran in the Strait of Hormuz

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From LA to Scottsdale: The Founder Behind AdDynamix Is Building the Bridge Between AI and Business Tools

An LA digital advertising veteran of 28 years has moved to Scottsdale and is building what he calls the missing piece between business software and the AI assistants people now use every day. SCOTTSDALE, AZ. When Benoit Pecqueur talks about his latest company, he sounds less like a founder pitching a product and more like an operator who got tired of watching the same problem repeat itself. “Most small business owners are watching the AI revolution from the sidelines,” he says. “Not because they don’t want it. Because their tools don’t talk to ChatGPT or Claude. Their accountant still pulls