Oil prices fell over 10% on Friday after claims that the Strait of Hormuz is open for transit, according to President Trump and Iran's foreign minister. The move follows progress in ceasefire talks, with Brent crude dropping to $88.90 and WTI to $83.35, signaling potential easing of oil flow restrictions.
The Trump administration extended a waiver on Russian oil sanctions through May 16, reversing earlier indications of ending the relief amid ongoing Iran tensions. The move allows certain countries to purchase Russian oil despite sanctions, marking a policy shift just days after a top official suggested otherwise.
U.S. President Trump claimed Iran agreed to his demands, but Tehran officials denied any broader agreement, stating the Strait of Hormuz would reopen to commercial shipping. The conflicting statements highlight ongoing tensions.
U.S. Judge Trevor Nunley halted Nexstar's acquisition of Tegna, citing potential irreparable harm to consumers if the deal proceeds before an antitrust trial. The ruling delays the merger, which is under scrutiny for possible anti-competitive effects, until the legal process concludes.
California Gov. Gavin Newsom demands answers from HHS Secretary RFK Jr. over comments about Black children on ADHD meds being ‘re-parented,’ citing concerns about RFK Jr.'s fitness for office amid ongoing political tensions.
Since October, 29 migrants have died in ICE custody, surpassing the previous record of 28 in 2004, according to government data. The record highlights ongoing concerns over detention conditions and migrant safety under federal immigration enforcement.
Former President Trump held a rally in Arizona aimed at energizing young voters, though the crowd was older than expected. Despite some empty seats, Trump expressed confidence in the GOP's midterm prospects amid internal divisions.
