Politics News

Vice President JD Vance and other key Trump administration officials plan to huddle with oil executives Thursday as the White House looks for ways to tame surging fuel prices after the US attack on Iran, according to people familiar with the matter.

Brazil’s government announced new measures to enforce minimum freight rates for truck drivers, as a surge in fuel prices driven by the Middle East conflict rattles oil markets.

Russia plans to provide naval convoys to protect merchant ships as it seeks to bolster the defense of the nation’s vessels and so-called shadow fleet.

Senator Rand Paul, a Republican, challenges fellow Republican Senator Markwayne Mullin, the nominee to lead the Department of Homeland Security, about his "anger issues." Paul questions if Mullin has the right temperament for the job during his confirmation hearing. (Source: Bloomberg)

Will Israel’s killing of Ali Larijani, a veteran Iranian politician known for his pragmatism, weaken the chance of a US exit strategy for the Iran war? Nicole Sy explores who could be left to run the country. (Source: Bloomberg)

Director of National Intelligence Tulsi Gabbard scrapped a mention in congressional testimony that Iran hasn’t re-started uranium enrichment since US strikes destroyed its facilities last year — a conclusion that would have undercut claims that Tehran posed an imminent threat to the US.

Democratic voters in Illinois this week rejected most candidates supported by the crypto and artificial intelligence industries, marking an unexpected defeat for well-funded special interest groups as they prepare to spend hundreds of millions of dollars to shape Congress in this year’s midterm elections.

Netanyahu may have won Trump over for the war in Iran, but he’s losing Americans in the process, Bloomberg Opinion columnist Ronald Brownstein says. (Source: Bloomberg)

The Republican chairman overseeing hearings on Senator Markwayne Mullin’s nomination to lead the Department of Homeland Security challenged the Oklahoma Republican on whether his “anger issues” disqualified him from leading an agency enmeshed in controversy over aggressive tactics.

In separate letters, Democrats Wyden and Whitehouse press the deputy attorney general and attorney general for answers on secret Epstein investigations involving transnational organized crime.

President Donald Trump temporarily waived a century-old shipping mandate to lower the cost of transporting oil, gas and other commodities around the US, marking his latest bid to combat the rise in energy prices spurred by his war in Iran.

The United Nations nuclear watchdog urged the US and Iran to resume negotiations, saying concern over Tehran’s nuclear program can’t be solved by military action alone.

Iran warned Gulf countries that a number of energy assets are now “legitimate targets” after Israel attacked its giant South Pars gas field, sending shockwaves through oil and gas markets.

US Trade Representative Jamieson Greer argued that it’s in China’s best interest to reopen the Strait of Hormuz, as President Donald Trump seeks help in restoring shipping in the crucial waterway.

Justices fast-tracked arguments on the president’s power to end protections for migrants fleeing violence after lower courts called out unexplained emergency rulings.

US Trade Representative Jamieson Greer said trade talks with Canada have fallen behind those with Mexico as the administration prepares for this year’s review of the US-Mexico-Canada Agreement trade deal.

The top executive of North American pipeline operator TC Energy Corp. said Canada’s process for approving energy infrastructure projects is still far too slow, despite Prime Minister Mark Carney’s efforts to reform it.

India is sending additional warships to the Gulf of Oman and Arabian Sea to ensure the safe passage of its vessels in anticipation that Iran may allow more of its fuel tankers to exit the Strait of Hormuz, people familiar with the matter said.

Oil and European natural gas prices surged as Iran listed energy assets in the region that it would target in response to a US and Israeli attack on its upstream industry.

A prolonged conflict in the Middle East will heighten the risk of a “major economic downturn” and increased inflation, adding a new stress point in financial markets that were already under strain, Singapore’s President Tharman Shanmugaratnam wrote in a Facebook post.