Brent futures fell 84 cents, or 0.8 per cent, to $107.17 per barrel as of 0353 GMT, while US West Texas Intermediate futures lost $1.02, or 1.1 per cent, to $93.46 per barrel
Brent futures fell 90 cents, or 0.8 per cent, to $107.11 per barrel as of 0024 GMT, while US West Texas Intermediate futures lost 83 cents, or 0.88 per cent, to $93.65 per barrel
A federal judge has ruled in favour of artificial intelligence company Anthropic in temporarily blocking the Pentagon from labelling the company as a supply chain risk. US District Judge Rita Lin on Thursday said she was also blocking President Donald Trump's directive ordering all federal agencies to stop using Anthropic. Lin's ruling followed a 90-minute hearing in San Francisco federal court on Tuesday at which Lin questioned why the Trump administration took the extraordinary step of denouncing Anthropic as a supply chain risk after negotiations over a defence contract went sour over the company's attempt to prevent its AI technology from being deployed in fully autonomous weapons or surveillance of Americans. Anthropic, maker of the chatbot Claude, had asked Lin to issue an emergency order to remove a stigma that the company alleges was unjustifiably applied as part of an "unlawful campaign of retaliation" that provoked the San Francisco-based company to sue the Trump ...
Trump said Iran had approached his administration requesting more time as part of the ongoing diplomatic engagement between the two sides amid the conflict in West Asia
US President Donald Trump's signature is set to feature on US paper currency soon, a first for a sitting president since the introduction of dollar bills in 1861. The decision, taken by the US Treasury, coincides with the 250th anniversary celebrations of American Independence this year. "In celebration of America's 250th anniversary, President Donald J Trump's signature alongside (Treasury) Secretary Scott Bessent's will soon appear on US currency, marking a first in history, and symbolizes @POTUS' leadership and dedication to our great nation will carry a lasting impact," US Treasurer Brandon Beach said in a post on X. Earlier this month, a federal arts commission approved the final design for a 24-karat gold commemorative coin bearing Trump's image to help celebrate the 250th anniversary of American Independence. "Under President Trump's leadership, we are on a path toward unprecedented economic growth, lasting dollar dominance, and fiscal strength and stability," Bessent said i
US President Donald Trump extended a pause on planned attacks on Iran's energy infrastructure by 10 days, citing productive negotiations even as tensions in West Asia persist
However, Trump did not elaborate about it when asked about the possibility amid the ongoing conflict in West Asia
Trump made the comments at a Cabinet meeting in the White House, elaborating on what he had previously described as a "present" from Iran
Trump said that discussions between the two sides are ongoing, though Tehran has pushed back against claims that it is eager to strike a deal.
According to the official, Tehran believes the framework does not meet the basic conditions needed for progress
A day earlier, Iran said it had reviewed the ceasefire framework proposed by Trump but found the terms unacceptable
The US can continue to detain immigrants without bond, an appeals court ruled on Wednesday, handing a victory to the Trump administration's crackdown on immigration. The opinion from a panel of the 8th Circuit Court of Appeals in St. Louis overturned a lower court ruling that required that a native of Mexico arrested for lacking legal documents be given a bond hearing before an immigration judge. It's the second appeals court to rule in favour of the administration on this issue. The 5th Circuit in New Orleans ruled last month that the Department of Homeland Security's decision to deny bond hearings to immigrants arrested across the country was consistent with the Constitution and federal immigration law. Both appeals court opinions counter recent lower court decisions across the country that argued the practice is illegal. In November, a district court decision in California granted detained immigrants with no criminal history the opportunity to request a bond hearing and had ...
The Justice Department has settled for roughly USD 1.2 million a lawsuit from Michael Flynn, the former national security adviser to President Donald Trump who pleaded guilty during the Republican's first term to lying to the FBI about his conversations with a top Russian diplomat and was later pardoned. Court papers filed Wednesday do not reveal the settlement amount, but a person familiar with the matter, who spoke to The Associated Press on condition of anonymity to disclose nonpublic information, confirmed the total as about USD 1.2 million. The settlement resolves a 2023 lawsuit in which Flynn sought at least USD 50 million and asserted that the criminal case against him amounted to a malicious prosecution. It also represents a stark turnabout in position for a Justice Department that during the Biden administration had pressed a judge to dismiss Flynn's complaint. Attorney General Pam Bondi, a former personal lawyer for the president, has openly criticised the Russia ...
The 2,000 paratroopers heading to the region may give President Trump more leverage in negotiations, but they also leave him with the option of doubling down on military force
Iran has publicly rejected Trump's diplomatic outreach and threatened massive retaliation if the US does put boots on the ground in a bid to break Tehran's will
Trump, while delivering remarks at the NRCC Annual Fundraising Dinner, said that there has never been a head of a country who wanted that job less than being the head of Iran
US President Donald Trump will travel to China on May 14 and 15 for a rescheduled summit with his Chinese counterpart Xi Jinping, the White House announced on Wednesday. Trump, who was earlier scheduled to travel to Beijing by the end of this month, postponed his trip due to the war in Iran. Announcing Trump's "long-awaited" trip to China, White House Press Secretary Karoline Leavitt said the US president and First Lady Melania will also host President Xi and his wife, Peng Liyuan, for a reciprocal visit to Washington DC at a later date this year. Responding to a question if the two leaders spoke about the conclusion of the war as a precondition to reschedule this meeting, she answered there was no discussion about the rescheduling of the meeting between the president and Xi. "President Xi understood that it's very important for the president to be here throughout the region right now. He understood, obviously, the request to postpone and accept it, which is why we have a meeting,"
Anthropic sued last month to block the Pentagon's declaration, escalating a high-stakes dispute over safeguards on AI technology used by the military
Trump has made securing US leadership in artificial intelligence a priority of his second term, framing the technology as a defining arena of strategic competition with China
Tehran termed the US proposal excessive, and said it would continue operations; it also outlined five conditions including security guarantees and control over the Strait of Hormuz