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Just as oil prices are looking stable (albeit higher) due to a ceasefire, the market took another blow as the United Arab Emirates exited the OPEC.
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The case revolves around a photo the former FBI director posted online last year of seashells on a beach arranged to say "8647."
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Oil prices rose as investors parsed fresh signals from U.S.-Iran negotiations, with uncertainty over a potential de-escalation keeping markets on edge.
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Investors parsed reports that President Trump told advisers that he was not satisfied with Iran's latest proposal to reopen the Strait of Hormuz.
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The UAE wants to ramp up production without constraints from OPEC, which could prove bearish for prices at some point.
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The charge stems from a 2025 seashell photo posted by the former FBI director that the justice department says calls for violence against Trump.
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;Resize=(620)) Ukraine has hit around a dozen Russia refineries in recent weeks, stepping up attacks at the same time that oil prices rose because of the global energy crunch.
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Iran's embassy in London posted a message on social media inviting Iranians living in Britain to register for a ‘Sacrifice for the Homeland' campaign.
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At a military base outside Portsmouth, England, a 24-hour service monitors the Persian Gulf, the Red Sea and part of the Indian Ocean, responding to distress calls.
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The Federal Communications Commission has ordered Disney's ABC to seek early broadcast license renewals for the eight TV stations it owns amid backlash over Jimmy Kimmel's joke about Melania Trump.
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;Resize=(620)) The U.S. Justice Department has asked a federal judge to throw out a lawsuit that has impeded President Donald Trump's plans for a White House ballroom, saying its opponents "suffer from Trump derangement syndrome" and that an alleged assassination attempt on the president showed the ?project was necessary.
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