Oil prices slide on hopes of US-Iran peace deal
Trump said on Saturday that an agreement would include the reopening of the Strait of Hormuz, without giving further details.

President Donald Trump said the US won’t “rush” into a deal with Iran, saying both sides must take their time to “get it right.”
Trump said on Saturday that an agreement would include the reopening of the Strait of Hormuz, without giving further details.
'We're structuring this in such a way where they make commitments on the enriched stockpile, but they don't get a dime unless they deliver on their commitments,' the senior official stated.
Is the United States headed for a second Civil War? According to a survey of likely midterm voters published by the Leadership Conference on Civil and Human Rights, 57% of Americans believe it is. Sixty-nine percent say democracy is under serious threat; and an equal percentage of non-white voters say they fear rising white supremacy.While President Donald Trump and his MAGA movement deserve the lion’s share of blame for such findings, the Supreme Court has done its part. Under the stewardship of Chief Justice John Roberts, the court has issued a blistering succession of dangerously polarizing rulings, ranging from presidential immunity, union organizing, the death penalty, environmental protection, and gun control to affirmative action and abortion rights. The resulting jurisprudential carnage has accelerated the nation’s rupture into irreconcilable belligerent tribes and prompted speculation that we are headed for another existential conflict.The Roberts Court has taken a particularly malevolent interest in destroying the Voting Rights Act (VRA) of 1965. Last month’s decision in Louisiana v. Callais gutted Section 2 of the landmark legislation, which was amended in 1982 to permit the Justice Department and private citizens to challenge election laws that have the effect of diluting minority voting power.The court’s 6-3 majority opinion by Justice Samuel Alito invalidated Louisiana’s 2024 congressional map that created a second majority-Black congressional district to operate alongside the state’s five white-majority districts, roughly reflecting the size of Louisiana’s Black population. The ruling handed a victory to the lead plaintiff in the case, Phillip “Bert” Callais, an election denier and alleged conspiracy theorist who had attended the January 6, 2021 “Stop the Steal” rally on the White House Ellipse that eventually snowballed into the insurrection at the Capitol. Barely concealing their racial animus, Callais and his co-plaintiffs described themselves in court filings as “non-African American voters” who were the victims of reverse discrimination. Louisiana has since moved to redraw its voting maps.With the demise of the “effects test,” future Section 2 plaintiffs will have to meet the nearly impossible burden of proving that redistricting maps were created with overt discriminatory intent rather than for political purposes. And as the court held in a 2019 opinion written by Roberts in Rucho v. Common Cause, political gerrymandering claims cannot be brought in federal courts because, as the Republican majority sees it, they present nonjusticiable “political questions.”Both Callais and Rucho built upon Roberts’ 2013 majority opinion in Shelby County v. Alabama gutting two other sections of the VRA that required state and local jurisdictions with histories of egregious voter discrimination to obtain advance federal approval—known as preclearance—before making changes to their election procedures. Like Alito in Callais, Roberts declared in Shelby that racial discrimination in voting was a thing of the past and thus special protections for minorities were no longer necessary.The combined effects of Shelby and Rucho have led to a proliferation of voting roll purges, onerous photo ID laws, and limitations on mail-in ballots in red states across the country. Now, with Callais, election law experts predict that as many as 19 Democratic congressional seats in Tennessee, Alabama, Mississippi, South Carolina, Florida, and Louisiana could be eliminated, returning the former states of the Confederacy to one-party rule.The court’s handiwork has sparked outrage and alarm. Rep. Bennie Thompson, the only Democrat in Mississippi’s congressional delegation, who will likely lose his seat to gerrymandering, has condemned Callais as “equivalent to a second Civil War.” Other observers have compared the current moment in the US to the 1850s, when debates over the future of slavery eventually led to secession and war.Chief Justice Roberts has also drawn comparisons to Chief Justice Roger Taney, whose 1857 majority opinion in Dred Scott v. Sandford held that Black Americans had “no rights that the white man was bound to respect.” The Dred Scott decision helped precipitate the Civil War, and is widely considered the most infamous in the court’s history.The parallels between Taney and Roberts are beyond hyperbole. Both men began their legal careers as zealous partisan political advocates. Before ascending to the Supreme Court in 1836, Taney was elected to the General Assembly of Maryland, and later served as a loyal foot soldier to President Andrew Jackson, first as secretary of war and then as attorney general, in which capacity he penned an advisory opinion that prefigured his Dred Scott ruling, arguing that the Constitution and the Bill of Rights were inapplicable to Black people, even those living in free states.Similarly, the young Roberts established himself as a dependable right-wing operative, clerking for Chief...
Putting an end to Iran's apocalyptic nuclear ambitions is a job that must not be left half-finished, which explains the panic that greeted reports of President Trump's initial peace deal.
The outlines of a 60-day framework agreement suggest U.S. concessions before a nuclear deal is signed.
Kevin Hassett, President Donald Trump’s chief economic adviser at the White House, signaled he’s confident that an eventual drop in oil prices will create space for the Federal Reserve to lower interest rates.
President Donald Trump has remained defiant amid a wave of criticism from right-wing figures urging him to resume hostilities with Iran and walk away from peace negotiations, but according to Israeli-American academic and podcast host Shaiel Ben-Ephraim, that pressure may be gaining traction.“I am currently talking to two sources I really respect. They are both telling me that Trump is backing away from the deal with Iran, likely under extreme internal pressure (i.e. Israel and its domestic allies in the US),” Ben-Ephraim wrote in a social media post Sunday on X. “This is a terrifying turn of events.”Washington and Tehran have already “agreed in principle” on a deal to end the U.S. war against Iran, though such a deal has yet to be finalized. Amid reports that the Trump administration was nearing a peace deal, several prominent right-wing figures expressed skepticism, including former CIA Director Mike Pompeo, Sens. Ted Cruz (R-TX) and Lindsey Graham (R-SC), as well as Trump-ally Laura Loomer, who claimed there to be “no such thing as peace with Muslims” and urged the president to “bomb the Iranian regime.”Amid the alleged “internal pressure” being placed on Trump to resume the war against Iran, Bloomberg has reported that the president has also faced significant “outside” pressure to resume the war, including from Israeli Prime Minister Benjamin Netanyahu and billionaire media mogul Rupert Murdoch.On Saturday, Trump said that he would likely come to a final decision on whether to resume hostilities by Sunday, with there being a “solid 50/50” chance that he would authorize the U.S. military to “blow [Iran] to kingdom come.”I am currently talking to two sources I really respect. They are both telling me that Trump is backing away from the deal with Iran, likely under extreme internal pressure (i.e. Israel and its domestic allies in the US). This is a terrifying turn of events.— Shaiel Ben-Ephraim (@academic_la) May 24, 2026
President insists ‘I don’t make bad deals!’ as hawks from his own party call proposed agreement a disaster – key US politics stories from Sunday 24 May at a glanceDonald Trump defended himself against criticism from fellow Republicans on Sunday as he appeared on the verge of agreeing a deal with Iran to end the war.As hawks in his party called the proposed agreement a disaster and questioned why the US president had launched the conflict in the first place, Trump claimed on social media that his deal would be “THE EXACT OPPOSITE” of the one agreed by Barack Obama, which Trump pulled out of in 2018. Continue reading...