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- Trump Lifts Sanctions on Russian Oil to Offset Iran War Price Surge
(Photo by Denis Thaust / SOPA Images/Sipa USA)(Sipa via AP Images) President Donald Trump temporarily lifted sanctions on Russian oil shipments already at sea in a move designed to cool surging global energy prices driven by the escalating conflict with Iran. The U.S. Treasury Department announced the exemption late Thursday, allowing Russian crude currently in transit to be sold on international markets until April 11. The decision could release hundreds of millions of barrels of oil and ease pressure on prices that have hovered around $100 a barrel since the outbreak of hostilities involving Iran and the regime’s pressure to shut the Strait of Hormuz shipping route. Around 130 million barrels of Russian crude are currently stranded at sea, the New York Times reported, citing commodities tracking firm Kpler. Treasury Secretary Scott Bessent, who was abruptly summoned to the White House Situation Room during a live Sky News interview before the decision was announced, later acknowledged the geopolitical sensitivity of the move in a post to X but argued it was “narrowly tailored” and a “temporary authorization.” He argued the move “will not provide significant financial benefit to the Russian government”: .@POTUS is taking decisive steps to promote stability in global energy markets and working to keep prices low as we address the threat and instability posed by the terrorist Iranian regime. To increase the global reach of existing supply, @USTreasury is providing a temporary… — Treasury Secretary Scott Bessent (@SecScottBessent) March 12, 2026 The decision marks a significant shift in Washington’s economic pressure campaign against Moscow, which has been subject to sweeping Western sanctions since Russia’s 2022 invasion of Ukraine.The post Trump Lifts Sanctions on Russian Oil to Offset Iran War Price Surge first appeared on Mediaite. [TheTopNews] Read More.3 hours ago - Mortgage rates moved slightly higher this week
Rising bond yields may keep rates above 6% for a while By Mark Huffman of ConsumerAffairs March 13, 2026 30-year mortgage rate rises to 6.11%, returning to roughly the same level seen last month, according to Freddie Mac. Rates remain lower than a year ago, when the average 30-year mortgage was 6.65%. Early signs of spring housing activity are emerging, with existing-home sales rising 1.7% in February and purchase applications increasing. Mortgage rates ticked up slightly this week but remain lower than they were a year ago, a trend that could help support demand as the spring homebuying season begins. Freddie Mac said Thursday that the average rate on a 30-year fixed mortgage rose to 6.11% for the week ending March 12, up from 6.00% the previous week. At the same time last year, the average rate was 6.65%, meaning borrowing costs remain more than half a percentage point lower than a year earlier. The average 15-year fixed mortgage a common option for homeowners refinancing or seeking shorter loan terms increased slightly to 5.50%, compared with 5.43% last week and 5.80% a year ago. Sam Khater, Freddie Macs chief economist, said the modest increase still leaves rates within a range that buyers appear willing to accept. The 30-year fixed-rate mortgage returned to last months level of 6.11%, Khater said. Despite the modest uptick, buyers are responding to rates in this range, with existing-home sales increasing 1.7% in February. More people taking out mortgages Khater also pointed to a recent rise in mortgage purchase applications, which track demand from prospective homebuyers. The increase suggests buyers are beginning to reenter the market as the traditionally busy spring season approaches. Lower borrowing costs compared with last year could help boost affordability for some buyers, even though mortgage rates remain well above the ultra-low levels seen during the pandemic housing boom. For a typical borrower, the difference between a 6.65% rate last year and 6.11% today can translate into meaningful monthly savings. Still, affordability challenges persist due to elevated home prices and limited housing supply in many markets. Even so, the recent stability in mortgage rates could encourage more buyers who had been waiting on the sidelines to start shopping. If purchase applications and home sales continue to rise in the coming weeks, it may signal that the spring housing market is gaining momentum… [TheTopNews] Read More.3 hours ago - China Wants Its Ethnic Minorities to Blend In. Now It’s the Law.
Under a new “ethnic unity” law, Mandarin Chinese must now be the language of teaching. Parents must guide their children to love the Communist Party. Neighborhoods should be mixed. [TheTopNews] Read More.3 hours ago - Delivery Service Company Faces Allegations of Pregnancy Discrimination in Louisi...
The U.S. Equal Employment Opportunity Commission (EEOC) filed an action in federal court to enforce a subpoena issued during its investigation into allegations against JamRock Solutions LLC. JamRock Solutions is an Amazon delivery service partner, and a charge received by … [TheTopNews] Read More.4 hours ago - Review: Have Aliens Visited Earth? This Documentary Says Yes.
The Age of Disclosure, a documentary by Dan Farah, promises to prove that the U.S. government is hiding evidence of alien visits to Earth. Farah gets an impressive 34 government officials and advisers on the record about the alleged cover-up—even Secretary of State Marco Rubio winks at the conspiracy theory, without outright endorsing it—but the film is frustratingly thin on specifics. Many of the officials claim they cannot share more evidence for or details about the claimed alien encounters because they remain classified. The film's most explosive allegation, that an alien species actually made contact with the government, is mentioned once and never revisited. But while the film isn't convincing, it does make for an unintended metacommentary on national security politics. The original UFO craze was a product of the Cold War, with its secrecy, high-tech competition, and nuclear-powered paranoia. The Age of Disclosure is clearly a product of the war on terror and the mass surveillance age. The whistleblowers speak in overwrought intelligence jargon, as photos of their early careers fighting in the Middle East float across the screen. They complain that the national security state is being prevented from dealing with threats. "There's this hidden hand that is blocking all of these actions," former intelligence officer Jay Stratton claims. "A subversive government overriding the real government." The eagerness of so many government insiders and national security hawks to talk about UFOs is itself somewhat suspicious. Early in the film, former Rep. Mike Gallagher (R–Wis.) posits that UFO sightings could be part of "a robust counterintelligence program to cover up for a U.S. government effort that has fallen away from congressional oversight." That is an interesting line of inquiry, and Farah fails to follow up on it. The post Review: Have Aliens Visited Earth? This Documentary Says Yes. appeared first on Reason.com. [TheTopNews] Read More.4 hours ago
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(Photo by Denis Thaust / SOPA Images/Sipa USA)(Sipa via AP Images) President Donald Trump temporarily lifted sanctions on Russian oil shipments already at sea in a move designed to cool surging global energy prices driven by the escalating conflict with Iran. The U.S. Treasury Department announced the exemption late Thursday, allowing Russian crude currently in transit to be sold on international markets until April 11. The decision could release hundreds of millions of barrels of oil and ease pressure on prices that have hovered around $100 a barrel since the outbreak of hostilities involving Iran and the regime’s pressure to shut the Strait of Hormuz shipping route. Around 130 million barrels of Russian crude are currently stranded at sea, the New York Times reported, citing commodities tracking firm Kpler. Treasury Secretary Scott Bessent, who was abruptly summoned to the White House Situation Room during a live Sky News interview before the decision was announced, later acknowledged the geopolitical sensitivity of the move in a post to X but argued it was “narrowly tailored” and a “temporary authorization.” He argued the move “will not provide significant financial benefit to the Russian government”: .@POTUS is taking decisive steps to promote stability in global energy markets and working to keep prices low as we address the threat and instability posed by the terrorist Iranian regime. To increase the global reach of existing supply, @USTreasury is providing a temporary… — Treasury Secretary Scott Bessent (@SecScottBessent) March 12, 2026 The decision marks a significant shift in Washington’s economic pressure campaign against Moscow, which has been subject to sweeping Western sanctions since Russia’s 2022 invasion of Ukraine.The post Trump Lifts Sanctions on Russian Oil to Offset Iran War Price Surge first appeared on Mediaite. [TheTopNews] Read More.
3 hours ago
Rising bond yields may keep rates above 6% for a while By Mark Huffman of ConsumerAffairs March 13, 2026 30-year mortgage rate rises to 6.11%, returning to roughly the same level seen last month, according to Freddie Mac. Rates remain lower than a year ago, when the average 30-year mortgage was 6.65%. Early signs of spring housing activity are emerging, with existing-home sales rising 1.7% in February and purchase applications increasing. Mortgage rates ticked up slightly this week but remain lower than they were a year ago, a trend that could help support demand as the spring homebuying season begins. Freddie Mac said Thursday that the average rate on a 30-year fixed mortgage rose to 6.11% for the week ending March 12, up from 6.00% the previous week. At the same time last year, the average rate was 6.65%, meaning borrowing costs remain more than half a percentage point lower than a year earlier. The average 15-year fixed mortgage a common option for homeowners refinancing or seeking shorter loan terms increased slightly to 5.50%, compared with 5.43% last week and 5.80% a year ago. Sam Khater, Freddie Macs chief economist, said the modest increase still leaves rates within a range that buyers appear willing to accept. The 30-year fixed-rate mortgage returned to last months level of 6.11%, Khater said. Despite the modest uptick, buyers are responding to rates in this range, with existing-home sales increasing 1.7% in February. More people taking out mortgages Khater also pointed to a recent rise in mortgage purchase applications, which track demand from prospective homebuyers. The increase suggests buyers are beginning to reenter the market as the traditionally busy spring season approaches. Lower borrowing costs compared with last year could help boost affordability for some buyers, even though mortgage rates remain well above the ultra-low levels seen during the pandemic housing boom. For a typical borrower, the difference between a 6.65% rate last year and 6.11% today can translate into meaningful monthly savings. Still, affordability challenges persist due to elevated home prices and limited housing supply in many markets. Even so, the recent stability in mortgage rates could encourage more buyers who had been waiting on the sidelines to start shopping. If purchase applications and home sales continue to rise in the coming weeks, it may signal that the spring housing market is gaining momentum… [TheTopNews] Read More.
3 hours ago
Under a new “ethnic unity” law, Mandarin Chinese must now be the language of teaching. Parents must guide their children to love the Communist Party. Neighborhoods should be mixed. [TheTopNews] Read More.
3 hours ago
The U.S. Equal Employment Opportunity Commission (EEOC) filed an action in federal court to enforce a subpoena issued during its investigation into allegations against JamRock Solutions LLC. JamRock Solutions is an Amazon delivery service partner, and a charge received by … [TheTopNews] Read More.
4 hours ago
The Age of Disclosure, a documentary by Dan Farah, promises to prove that the U.S. government is hiding evidence of alien visits to Earth. Farah gets an impressive 34 government officials and advisers on the record about the alleged cover-up—even Secretary of State Marco Rubio winks at the conspiracy theory, without outright endorsing it—but the film is frustratingly thin on specifics. Many of the officials claim they cannot share more evidence for or details about the claimed alien encounters because they remain classified. The film's most explosive allegation, that an alien species actually made contact with the government, is mentioned once and never revisited. But while the film isn't convincing, it does make for an unintended metacommentary on national security politics. The original UFO craze was a product of the Cold War, with its secrecy, high-tech competition, and nuclear-powered paranoia. The Age of Disclosure is clearly a product of the war on terror and the mass surveillance age. The whistleblowers speak in overwrought intelligence jargon, as photos of their early careers fighting in the Middle East float across the screen. They complain that the national security state is being prevented from dealing with threats. "There's this hidden hand that is blocking all of these actions," former intelligence officer Jay Stratton claims. "A subversive government overriding the real government." The eagerness of so many government insiders and national security hawks to talk about UFOs is itself somewhat suspicious. Early in the film, former Rep. Mike Gallagher (R–Wis.) posits that UFO sightings could be part of "a robust counterintelligence program to cover up for a U.S. government effort that has fallen away from congressional oversight." That is an interesting line of inquiry, and Farah fails to follow up on it. The post Review: Have Aliens Visited Earth? This Documentary Says Yes. appeared first on Reason.com. [TheTopNews] Read More.
4 hours ago
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