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Oil hit its highest closing price of the year on the first day of President Donald Trump’s operation to guide stranded ships through the blocked Strait of Hormuz, underscoring the intense uncertainty that still dogs the global energy trade.Brent crude futures, the global oil benchmark, slid 1.1% to $113.4 a barrel as of 1:58 am ET on Tuesday, after surging 5.8% to settle at $114.4 on Monday –– the highest closing in 2026. West Texas Intermediate (WTI), the US benchmark, declined 2.1% to $104.3 a barrel.Oil is traded as a futures contract, which means an agreement to buy or sell at a spec

Oil prices surged on the first day of Trump’s ‘Project Freedom’ plan to unblock Hormuz

US attempt to open Strait of Hormuz tests fragile Iran war ceasefire

UN warns of ‘unprecedented’ crisis for seafarers in Persian Gulf as war strands crews at sea

Australia's central bank set to cool its heels after rapid-fire rate hikes

Australia's central bank lifted rates for a third time this year on Tuesday, returning borrowing costs to post-pandemic highs and warning that inflation would remain sticky as the conflict in the Middle East unleashed a global oil shock.Governor Michele Bullock said the board now judged monetary policy to be slightly restrictive after a burst of rate hikes this year, allowing the board to pause and gauge inflation and growth risks linked to war.Wrapping up the May policy meeting, the Reserve Bank of Australia raised its main cash rate by 25 basis points to 4.35%, undoing all of the three rate

Audi fears 'significant' tariff impact ahead of SUV launch in US

Middle East truce in doubt as US and Iran fight for control of Strait of Hormuz

Weight-loss drugs fuel protein-rich whey craving

Global dairy companies and food producers are investing heavily to meet soaring demand for protein-rich whey, driven by a surge in the use of weight-loss drugs and healthier eating trends.Whey, a by-product of cheese-making which is traditionally used as pig feed, is an essential component of the food products now targeting consumers looking to prevent muscle loss.Data from StoneX consultancy shows the price of whey protein concentrate with 80% protein content (WPC 80) has risen by almost 90% in the last year to 20,000 euros ($23,410) a metric ton, far exceeding rises in other dairy segments

Hugo Boss tops quarterly profit estimates despite geopolitical uncertainty

Volvo Cars' February-April sales volume down 10% year-on-year

US News

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Crime|Political|US|World

Secret Service shoots man who fired at agents near Washington Monument

The US Secret Service says its officers shot an armed man Monday afternoon near the Washington Monument after he fired at agents and wounded a juvenile bystander.Moments before the gunfire, Secret Service officers and agents who patrol the outer perimeter of the White House complex noticed “a suspicious individual that appeared to have a firearm,” USSS Deputy Director Matt Quinn told reporters during a press conference.The man ran when uniformed Secret Service police approached him and he fired towards the officers, Quinn said. The officers returned fire, striking and wounding the man.Auth

Top Trump fundraiser enlisted in new nonprofit for president’s sculpture garden and golf course as legal challenges abound

One of President Donald Trump’s top fundraising lieutenants has been enlisted to solicit money for his personal endeavor to develop a new golf course and sculpture garden on a prime piece of land along the Potomac River in Washington, DC.Meredith O’Rourke, a longtime GOP fundraiser whom Trump has dispatched for many of his high-profile personal pursuits in his quest to put his stamp on the capital city’s landscape and culture, was the president’s national finance director during the 2024 election.Since Trump took office, she has overseen donations for his ambitious East Wing ballroom p

Supreme Court justices spar over Louisiana’s effort to speed up elimination of majority-Black congressional district

US Supreme Court lets Voting Rights Act ruling take effect ahead of schedule

A United jet narrowly avoided catastrophe when it struck a truck near Newark airport during landing

A United Airlines jet came dangerously close to disaster Sunday when it hit a semitrailer truck and light pole on the New Jersey Turnpike as it came in to land at Newark Liberty International Airport. “A major catastrophe was avoided by feet,” said safety expert Steve Arroyo, who landed on that same short runway many times during his career at United. “Had it been another five feet lower, eight feet, I mean, no more than 10 feet, that plane would have been all over the New Jersey Turnpike.” The driver of the bakery delivery truck was treated a

Two-time AL Cy Young winner Tarik Skubal to have elbow surgery to remove loose bodies

Two-time American League Cy Young Award winner Tarik Skubal will have surgery to remove loose bodies from his elbow after being scratched from Monday's start against the Boston Red Sox. Detroit Tigers manager A.J. Hinch told reporters that the left-hander felt discomfort in his elbow on Sunday, less than a week after an injury scare against the Atlanta Braves. The 29-year-old — set to become a free agent next offseason — underwent tests that showed the loose bodies. The surgery hadn't yet been scheduled. There is no immediate timetable for his return, though s

Judge asks why jail placed suspect in White House correspondents' dinner attack on suicide watch

Blake Lively and Justin Baldoni’s Wayfarer reach settlement, two weeks ahead of trial start

World News

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Health|Science|Travel|World

Human-to-human transmission suspected on board hantavirus cruise ship, WHO says

Some human-to-human transmission may have occurred on board the cruise ship hit by a hantavirus outbreak that has left three people dead and several others ill, the World Health Organization (WHO) said Tuesday.“We do know that some of the cases had very close contact with each other and certainly human-to-human transmission can’t be ruled out so as a precaution this is what we are assuming,” Dr. Maria Van Kerhove, WHO’s Director for Epidemic and Pandemic Preparedness and Prevention, told reporters.Almost 150 people, including 17 Americans, remain stranded on the MV Hondius that is curr

Sports|World

Barbashev scores late as the Golden Knights beat the Ducks 3-1 in Game 1

Ivan Barbashev scored off a terrific pass from Pavel Dorofeyev with 4:58 left to put the Golden Knights ahead for good, and Vegas went on to defeat the Anaheim Ducks 3-1 on Monday night in the opener of their second-round series. Game 2 is Wednesday night in Las Vegas. Barbashev took advantage after officials did not call icing, which didn't sit well with Ducks coach Joel Quenneville, who was clearly upset on the bench. Vegas' Brett Howden extended his goal streak to a career-long four games, his fifth over that span. Mitch Marner, who also assisted o

Trump’s gambit to move ships through the Strait of Hormuz tests the fragile ceasefire

How an ocean cruise turned into a hantavirus nightmare

Americas|Business|Economy|Political|World

Costa Rica's top newspaper says US revoked visas of its executives, prompting press freedom concerns

The United States has revoked the visas of several board executives at La Nación, one of Costa Rica’s leading media outlets, triggering fresh accusations that the U.S. — in conjunction with the allied Costa Rican government — is stripping visas to punish critics and political opponents. In a statement that ran as the newspaper’s front page on Sunday, the board of directors said that the affected members first learned they had been stripped of their visas to enter the U.S. from reports in pro-government media. La Nación has long been a thorn in the side of

Stars embrace costume at Met Gala as protesters target Bezos

Celebrities including Puerto Rican superstar Bad Bunny, supermodel Heidi Klum and singer Katy Perry walked the carpet at the Met Gala on Monday — many of them unrecognizable.Leaning heavily into this year’s theme of "Costume Art," Bad Bunny was dressed up as an elderly man, Klum was draped in a Statue of Liberty costume and Perry went incognito in a silver mask.Pop icon Beyonce was among the most notable appearances of the night, returning to the Met Gala for the first time in 10 years as one of its co-chairs. Actor Blake Lively, who settled a lawsuit earlier on Monday with co-star Justin