Oil prices volatile as Israel, Iran conflict escalates
Oil prices have experienced volatility as the conflict between Israel...
Oil prices have experienced volatility as the conflict between Israel and Iran escalates, with Brent and West Texas Intermediate crude jumping over $4 per barrel before trimming gains on Monday, following a 7% increase on Friday. Concerns are rising about potential disruptions to the Strait of Hormuz if the conflict continues to intensify.
Iran reportedly wants to restart US nuclear talks as Israeli strikes continue
On Sunday, Iran canceled scheduled nuclear talks with the US, but yesterday,...
On Sunday, Iran canceled scheduled nuclear talks with the US, but yesterday, news outlets reported that it was signaling a willingness to resume them and asking allies to urge President Trump to press Israel for a ceasefire. Meanwhile, Israel and Iran continued to trade missile strikes, with one Israeli attack hitting Iran’s state broadcaster while it was live on air. As Israeli attacks on Iran intensified, Trump posted on social media that Tehran should be immediately evacuated. Trump left the G7 Summit a day earlier than planned in order to address the situation.
Minnesota shooting suspect planned to target two more lawmakers,...
Minnesota shooting suspect planned to target two more lawmakers, prosecutors say. Prosecutors revealed more details about actions they believe were taken by Vance Boelter, the man accused of killing one Minnesota lawmaker along with her husband and injuring another politician and his wife, as they brought federal charges of murder and stalking (he’s already facing state charges). They allege Boelter visited the homes of two more state legislators the night of the shooting with plans to target them as well, but one was on vacation, and he fled after police arrived at the home of the other. Boelter, who was found by police Sunday after a manhunt, is being held without bail until a court appearance next week.
President Trump and UK Prime Minister Keir Starmer said yesterday that they’re signing a trade deal to lower tariffs—but the deal does not include steel, a key part of trade between the two countries.
Kering, the French fashion house that owns Gucci, has reportedly tapped Luca de Meo, who was previously selling cars (rather than handbags that cost as much as cars) as the CEO of Renault, to be its new chief executive.
President Trump ordered ICE to expand efforts to deport undocumented immigrants in cities including Los Angeles, Chicago, and New York, which he described along with other cities as the “core of the Democrat Power Center.”
OpenAI scored a $200 million contract to provide the Defense Department with AI tools. It’s also reportedly mulled accusing Microsoft, a major investor, of engaging in anticompetitive behavior.
The Senate released details of its version of the Republican tax megabill, but the SALT deduction may still be up for debate.
ADNOC, Carlyle Offer $18.8B for Australia's Santos Ltd.
Santos Ltd. has received a non-binding proposal from a consortium of...
Santos Ltd. has received a non-binding proposal from a consortium of buyers valuing the Australian oil and natural gas producer at $18.78 billion, the company said in a June 15 press release.
The XRG Consortium—led by Abu Dhabi National Oil Co. (ADNOC), which includes subsidiary Abu Dhabi Development Holding Co. and Carlyle—offered Santos $5.76 (AUD$8.89) per share— a 28% premium over the company’s June 13 closing price.
The company said the offer is the third made by a consortium for Santos, but the first made public. Santos' operations include oil, natural gas, and LNG projects in Australia and the Pikka Phase 1 oil project on the North Slope in Alaska.
Santos said it received the offer on June 13 and described the proposal as a “final non-binding indicative offer” that followed two confidential offers in March: the first for $5.04 per share; the second for $8.60 per share.
Minnesota lawmakers targeted in “politically motivated attack”; suspect apprehended
Authorities say that around 2am local time on Saturday, Minnesota State...
Authorities say that around 2am local time on Saturday, Minnesota State Senator John Hoffman and his wife, Yvette, were shot multiple times at their home in Champlin, and that the same attacker then went to the house of State Representative Melissa Hortman in nearby Brooklyn Park, where he murdered her and her husband, Mark. Police engaged the suspect at Hortman’s home. He fled, but left a vehicle flashing lights that contained a manifesto listing 50 to 70 names of potential targets, many of whom were abortion rights supporters. Police caught the alleged shooter, 57-year-old Vance Luther Boelter, on Sunday evening after a manhunt that lasted more than 24 hours. The Hoffmans survived and underwent surgery to treat their wounds; John was shot nine times; Yvette, eight.
