Trump said the United States has secured majority control of more than 65 billion barrels of proven Venezuelan oil reserves through a private-business partnership. The administration has not released details on the fields covered or the companies that would drill them.
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Milo Yiannopoulos, a British far-right commentator and former Breitbart editor, was arrested by ICE at the New Orleans airport and faces removal from the United States. DHS said he overstayed after legally entering the country in 2019 and failed to appear for an immigration hearing.
Six months into the U.S.-Israel war with Iran, Tehran’s government remains entrenched, diplomacy is stalled and the Strait of Hormuz remains heavily disrupted. Washington is expanding sanctions as Iran calls the pressure campaign “economic terrorism.”
British right-wing commentator Milo Yiannopoulos is in ICE custody in Louisiana and faces a final removal order, according to U.S. officials and agency records cited by CBS News. The circumstances of his detention remain unclear, and neither ICE nor Yiannopoulos has commented publicly.
President Donald Trump signed an executive order to begin creating a U.S. Space Academy for the Space Force, NASA and the commercial spaceflight industry. The academy’s location has not been chosen, though Trump said a decision would come “very shortly.”
Federal Reserve Chair Kevin Warsh said inflation remains above the Fed’s 2% target, leading markets to raise expectations for a possible September rate hike. He also signaled a move away from detailed forward guidance and discussed the economic effects of artificial intelligence.
Federal Reserve Chair Kevin Warsh said inflation remains above the Fed’s comfort level and warned policymakers will have “work to do” if underlying price pressures do not fade. He also defended limiting forward guidance, arguing the practice can reduce flexibility.
A federal judge issued a 14-day pause on Trump administration mail voting rules that would require states to submit voter lists and use specific ballot formats. The order comes about a week before the first midterm mail ballots are due to be sent.