Oil prices dropped after Trump announced an initial US-Iran deal to reopen the Strait of Hormuz, but shipping, insurance and mine-clearing hurdles could delay a return to normal. Analysts warn energy, fertiliser and consumer prices may remain under pressure for months.
News Mash
The United States and Iran say they have reached a tentative agreement to end the war, reopen the Strait of Hormuz and halt fighting in Lebanon. The deal is expected to be signed Friday in Switzerland, but nuclear issues, sanctions relief and Israel’s role remain unresolved.
Fox Corp. said it plans to acquire Roku in a cash-and-stock deal that would expand its streaming and connected TV advertising business. Reports valued the transaction at $22 billion to $25 billion, and Fox said it expects the deal to close in the first half of 2027.
An Israeli strike on Beirut’s Dahieh area killed at least three people and prompted President Donald Trump to say the attack should not have happened as a US-Iran deal neared. Iranian officials blamed the US and Israel for the consequences and warned of a response.
Vice President JD Vance said he and Usha Vance will discuss a possible 2028 presidential campaign after the 2026 midterms. He said President Donald Trump would be “very supportive” of whatever he decides.
Trump held separate calls with Putin and Zelenskyy as the Ukraine war loomed over the upcoming G7 summit. Russian officials said Trump pushed for an end to hostilities, while Zelenskyy said he and Trump agreed to continue talks at the summit.
Sen. Mitch McConnell was admitted to a hospital Sunday morning, his spokesperson said, without giving details about his condition. The 84-year-old Kentucky Republican has had several health incidents in recent years, including falls and prior hospitalizations.
Eleven skydivers and a pilot died when a Pacific Aerospace P750 crashed shortly after takeoff near Butler Memorial Airport in Missouri. Federal officials said the NTSB will lead the investigation.