The U.S. Energy Information Administration dropped its latest Short-Term Energy Outlook this week, and the numbers clearly demonstrate that America’s shale revolution isn’t slowing down — it’s […]
President Donald Trump’s peace deal with the Islamic Republic of Iran is in jeopardy before it can even take effect, as Israeli leaders signal no sense of obligation to end their war in Lebanon. Iranian President Masoud Pezeshkian said on Monday that “the memorandum of understanding to end the war between Iran and America is […]
Both President Trump and Vice President Vance electronically signed a memorandum of understanding with Iran on Sunday, while Mohammad Bagher Qalibaf, speaker of the Iranian Parliament, signed for the Iranian side, senior U.S. officials said Monday. The details of the memorandum will be released in 24 to 48 hours, the officials said. The agreement is…
President Donald Trump says the Strait of Hormuz will be open by Friday. Officials say the US and Iran are due to sign their interim peace deal in Switzerland on Friday. For now, Trump is still at the G7 in France. Bloomberg's Tyler Kendall has the latest. (Source: Bloomberg)
Vice President JD Vance said a 60-day preliminary ceasefire extension between Iran and the United States was signed digitally ahead of in-person meetings to sign the deal in Europe later this week. “We already signed the deal digitally yesterday,” Vance told ABC’s Good Morning America on Monday about the memorandum of understanding. “And there’s been […]
The deal to end fighting and re-open the Strait of Hormuz leaves the sides where they were 24 hours before the war - only with thousands now dead.
Markets welcome US-Iran peace deal but prices may stay high as buyers race to refill depleted emergency crude stockpilesOil prices hit three-month low and markets rallyBusiness live – latest updatesAfter more than 100 days of the greatest recorded disruption to the world’s energy supplies, the global oil and gas markets have breathed a sigh of relief.Hours after Donald Trump confirmed that a US-Iran peace deal would lead to the reopening of the strait of Hormuz to tankers carrying millions of barrels of oil and gas, the price of Brent crude tumbled to lows of $83 a barrel. Wholesale gas prices fell about 6%. Continue reading...
Aggressively promoted by President Donald Trump, the Safeguard American Voter Eligibility Act (AKA the SAVE America Act or SAVE Act) is drawing strong criticism not only from Democrats, but from some GOP lawmakers as well. Four Senate Republicans, in early June, joined Democrats in voting against advancing the bill: Maine's Susan Collins, North Carolina's Thom Tillis, Alaska's Lisa Murkowski, and former Senate Majority Leader Mitch McConnell (R-Kentucky). But according to NOTUS reporter Al Weaver, the SAVE America Act refuses to die — even though some Republican lawmakers wish that it would."The SAVE America Act just won't go away for Senate Republicans, no matter how many times they think it's dead and gone," Weaver reports in NOTUS. "Republican lawmakers have been locked in a monthslong battle over the conservative voting bill as it has become evident they don't have the votes in the upper chamber to pass the bill, no matter the avenue. This has left members miffed — they want to finally turn the page, but are again faced with a zombie."If it became law, the SAVE America Act would require voters to prove that they are U.S. citizens. Regular state-issued driver's licenses would not be enough to prove citizenship; voters would have to present another document as well, such as a U.S. passport or a birth certificate. But critics of the bill are noting that many Americans don't own passports and that millions of married women would lose their right to vote, as their married names likely differ from the names on their birth certificates. A Senate Republican, interviewed NOTUS on condition of anonymity, said of the SAVE America Act, "It just keeps coming back. It's like the 'Night of the Living Dead'…. There is a frustration. It's not just the president. We have other members who keep pushing this when they know.… we don't have the votes. I don't know how you can be more clear than that. I don't know why they keep pushing something that's basically not possible."Trump, Weaver observes, "tried to resurrect the issue last week by calling for it — alongside hundreds of billions of dollars in defense priorities — to be part of a third party-line budget reconciliation package."Another Senate Republican, also interviewed on condition of anonymity, told NOTUS, "I don't know why they keep pushing something that's basically not possible. It doesn't get us votes. Literally, we lose votes with it."On February 11, the SAVE America Act passed in the U.S. House of Representatives, 218–213, along largely partisan lines. Only one House Democrat, Rep. Henry Cuellar (D-Texas), voted with Republicans. But the bill stalled after reaching the Senate. A Senate GOP aide told NOTUS, "We agree on voter ID, but the bill Trump wants is far beyond that scope…. It's taken on a life of its own. It's not rooted in reality and it’s not rooted in what we can actually achieve."
Federal Reserve to make first decision under Kevin Warsh as Middle East hopes ease inflation pressuresBusiness live – latest updatesCentral banks in the US and UK are expected to leave interest rates on hold this week as the peace deal in the Middle East is expected to ease inflationary pressures.The US Federal Reserve is expected to hold its benchmark interest rate at a range of 3.5% to 3.75% on Thursday, in what will be the first policy decision under new Fed chair – and Donald Trump’s pick – Kevin Warsh. Continue reading...