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- Michigan confirms first two deaths in cyclospora outbreak
The Michigan Health Department said that both individuals had underlying health conditions. [TheTopNews] Read More.32 mins ago - FAA clears smallest Boeing 737 Max to fly after years of delaysAirlines can finally start flying passengers soon after planes are certified, but it can take them months to work them into schedules. [TheTopNews] Read More.37 mins ago
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- Oil slides as Trump delays Iran strikes, signals peace talks
Oil prices fell on Monday as markets embraced hopes for the de-escalation of the Iran war, despite uncertainty over the prospects for a Federal Reserve interest rate hike.President Donald Trump on Sunday signaled he was holding off on ordering fresh strikes against Iran and said he did so because U.S. allies in the Middle East have reached the outline of an agreement to end the war, adding it would "include the Immediate, Complete and Total OPENING OF THE HORMUZ STRAIT, and an end to Iran's nuclear threat."Trump indicated the negotiations would begin on Monday afternoon, which caused oil prices to slide on the potential deal to restore the flow of oil shipments through the Strait of Hormuz that have been constrained amid the threat of Iranian attacks and mines amid the conflict.Prices for West Texas Intermediate crude, a key U.S. benchmark, were down about 6.2% during Monday morning, trading around $79.45 a barrel after a decline of about $5. Brent crude oil prices were down over 3.5% at around $79.30 a barrel.FORGET GASOLINE: THIS OVERLOOKED FUEL COULD RAISE THE PRICE OF NEARLY EVERYTHING YOU BUYA spokesman for Iran's foreign ministry said in a report by Reuters that no negotiations with the U.S. were occurring or scheduled, adding that the only ongoing discussions were with Oman over the management of the Strait of Hormuz.Oil prices spiked above $110 a barrel earlier this year as the conflict disrupted oil shipments from the Middle East, as tanker traffic plummeted due to the threat of missile and drone strikes by Iran as well as mines laid in the key shipping lanes of the Strait.AAA NATIONAL GAS PRICE TOPS $4 AMID RENEWED US STRIKES ON IRANBefore the outbreak of the conflict, oil prices were in the $60 to $70 a barrel range, and the rise caused gas prices in the U.S. to surge. The national average price for a gallon of regular gasoline was $4.095 as of Monday, up 7% from a month ago and 30% from a year ago, which has pressured household budgets.Trump wrote in a post on his Truth social media platform that Chevron CEO Mike Wirth gave "all of the reasons that his company is doing so well," in an interview with FOX Business' Maria Bartiromo, but added that his administration has helped facilitate that success and urged him to lower prices for consumers.WHITE HOUSE, GAS STATIONS POINT FINGERS OVER STUBBORN… [TheTopNews] Read More.47 mins ago - Threat to oil tankers in Middle East worst since start of Iran war, analysts sa...
Fresh attacks on alternative shipping routes have left tankers facing an increasingly complex situation, analysts say. [TheTopNews] Read More.2 hours ago - Derelict former BHS site a ‘continuing nightmare’The former department store closed in 2016. [TheTopNews] Read More.2 hours ago
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