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Here's what to watch for in the Texas primary runoff election today
Sen. John Cornyn is facing off against Texas Attorney General Ken Paxton, who received President Trump's endorsement.
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NPR Topics: News
Texas GOP voters vote in race that could shape future of the party -- and the Senate
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Controversial Texas Attorney General Ken Paxton is challenging U.S. Sen. John Cornyn's reelection. The $100 million fight could have far-reaching implications for the GOP, and party control of the Senate.
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Washington Examiner
Paxton is MAHA favorite in Texas Senate race
Texas Attorney General Ken Paxton has the support of the Make America Healthy Again movement ahead of his contentious runoff election for the GOP Senate nomination against incumbent Sen. John Cornyn (R-TX). Paxton, who will square off against Cornyn on Tuesday, has a distinguished MAHA track record as the Lone Star State’s attorney general, which […]
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Axios
The new oil order that could emerge from an Iran deal
With a U.S.-Iran deal (maybe?) taking shape in coming days, the oil market that follows will look different than what preceded the war.Why it matters: The emerging deal — which would re-open the Strait of Hormuz while nuclear talks proceed — could return large amounts of barrels to the market.It's not a moment too soon as global oil stockpiles, which have somewhat tempered the crisis, are drawn down at record pace.Reality check: Things won't be normal for a long time, and the postwar definition of normal is fluid, too.A few near-term and long-term things to watch...😨 Confidence: In the near term, "It's all about whether vessel owners and crews feel safe transiting the Strait of Hormuz," said oil analyst Ben Cahill of UT-Austin.He notes confusion about whether Iran will imposes some kind of fees, safety, insurance rates and more."It could be a stop-and-start process as risk-averse shippers work through these uncertainties," he tells me via email.🕰️ Timelines: "Following the clearance of any mines, a minimum of two to three months will likely be required to re‑establish steady export operations," the International Energy Agency said in its mid-May oil market report.And Persian Gulf countries need time to resume production that declined after the main export route was cut off.📜 Definitions: What "open" means for the world's most important energy shipping lane is unsettled.Iran may not call it a toll, but Iranian officials are floating new fees on tankers.This could be a boon to Iran even if the fee is relatively small, said Edward Fishman, a former State Department aide now with the Council on Foreign Relations.Fishman — speaking on oil analyst Rory Johnston's essential Oil Ground Up podcast — sees vessels paying tens of billions of dollars per year, even $100 billion."If you look at it from the perspective of market participants, whether it's oil traders or shippers, even if you're paying $2 million a pop for a VLCC [Very Large Crude Carrier], that's $1 a barrel, that's actually not that economically significant," he said."I think that the private sector, if this is the cost of getting ships through the Strait, is going to pay the toll," he said.⚠️ Vibes and market risk: Before the crisis that throttled supplies, there was debate in oil circles about whether markets were blasé about threats to infrastructure or shipping.Even once the current crisis is in the rearview, watch the level of "geopolitical risk premium" — the market's willingness to preemptively price in risk — that elevates prices.It could be higher now, especially with Iran's newly assertive posture in the Strait."There will be a permanent price premium attached to a permanently more risky operating environment," Clayton Seigle, an oil analyst withe Center for Strategic and International Studies, said via email.🚧 Pipeline infrastructure: There are already efforts to at least somewhat ease the Strait's importance by building pipelines to bypass it.The United Arab Emirates said in mid-May that it's speeding construction of a major pipeline that will double its export capacity through the port of Fujairah. CNBC has more.🇺🇸 U.S. oil production: Higher prices are likely to encourage producers to boost their output as they see opportunities from a market that went from soft to tight.Before the war, the U.S. Energy Information Administration projected domestic production dipping from 13.6 million barrels per day this year to 13.3 million barrels per day in 2027.Its latest outlook, in mid-May, now sees production rising to 14.1 million next year.Publicly listed U.S. shale producers have increased 2026 capital spending plans by $490 million compared to pre-war guidance, the energy research and consulting firm Enverus tells the FT.
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NBC News Politics
John Cornyn’s last stand and Democratic fights: What to watch in Tuesday’s Texas elections
Tuesday’s primary runoffs in Texas will put President Donald Trump’s endorsement to the test again — the latest step in a mission to punish some incumbent Republicans Trump has deemed insufficiently loyal
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Latest Political News on Fox News
Maine Senate candidate Graham Platner embraces democratic socialism at Bernie Sanders rally in Portland
Maine Senate candidate Graham Platner embraces democratic socialism at a Bernie Sanders rally, condemning U.S. support for Israel and Sen. Collins.
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New York Post
Lefty Senate candidate Graham Platner flubs Bernie Sanders’ name twice in fiery ‘Fight the Oligarchy’ rally
Far-left darling Graham Platner stumbled over Sen. Bernie Sanders' name twice during an impassioned rally speech just one week ahead of the Maine primaries.
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Alternet.org
WSJ warns Trump could be handing Iran an economic bailout
Amid reports that a new ceasefire deal was imminent, the conservative Wall Street Journal editorial board warned President Donald Trump to avoid a deal that functions as an economic bailout for Iran.Over the weekend, Trump claimed that the U.S. and Iran were close to reaching a deal for a 60-day ceasefire in the conflict that has ravaged the world economy and sent oil prices skyrocketing. Iranian officials confirmed that talks were progressing, but stressed that major sticking points were still holding it back, adding that a deal was nowhere near as close as the president suggested. Nevertheless, news of an impending reprieve sent oil prices tumbling slightly.In response to these reports, the WSJ board — which is commonly viewed as a major conservative voice on economic and political issues — published a new piece, warning Trump that one aspect of the supposed plan would amount to an economic bailout for Iran, and would leave the U.S. with only the most extreme leverage to get a final deal made, calling the notion a major potential "strategic setback."In particular, the board took issue with the proposed portion of the deal that would end the U.S. blockade of Iran's port and allow them to resume selling oil to foreign markets."The preliminary deal, as mooted in the press, is for both sides to end their blockades, and perhaps for the U.S. to sweeten the pot financially, while talks on nuclear issues and further sanctions relief continue for 60 days or more," the board wrote. "A U.S. official says, but Iranian officials deny, that the regime gave assurances a final deal would include 'disposal' of its enriched uranium."The end of the blockade, they warned, would destroy a key piece of U.S. leverage over Iran before its nuclear program is properly dealt with. The only remaining leverage — threatening to renew the fighting — will ring hollow after his previous backtracks."The basic problem lies with ending U.S. pressure before dismantling the nuclear program," the board added. "If the blockade ends and Iran can sell its oil, all that’s left to coerce it into nuclear concessions is the threat of renewed war."It continued: "But Trump wasn’t willing to do that after Iran reneged on reopening the Strait of Hormuz and attacked U.S. forces and Gulf allies. How credible will the threat be 60 days closer to midterms, when it would trigger a new Iranian blockade of Hormuz? A pledge not to build a nuclear weapon means nothing because the regime has always said that while doing the opposite... Iran’s regime went into this war facing domestic political and economic crises. War has made these worse. Saving such a regime now with an economic bailout would be the real betrayal—of the U.S. interest even more than the Iranian people.”
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NBC News Politics
Rep. Thomas Massie files paperwork to run in 2028, says he hasn’t made a ‘final decision’ about his political future
Fresh off last week’s primary loss, Rep. Thomas Massie, R-Ky., announced he had filed paperwork for a 2028 run for the House — or something else.
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