Trump reverses course on Cuban oil blockade, allows Russian tanker to pass
U.S. President Donald Trump said Sunday he had “no problem” with any country sending in crude as a Russian tanker neared a Cuban port in an apparent reversal.
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The NBA’s Expanding Business Model: Revenue and Global Reach
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Trump reportedly wants to ‘take the oil in Iran’ as Tehran targets water, power facilities in Kuwait
The Middle East conflict has entered its fifth week, with attacks expanding across the region and raising risks to energy and infrastructure.
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Iran Invasion Odds Surge Past 70% On Crypto Prediction Market, While Truce Chances Slide Sharply — What Happens Next?
Cryptocurrency punters ramped up expectations of a U.S. ground invasion of Iran, while lowering the likelihood of a diplomatic truce between the two nations.
Crypto Prediction Market Heats Up
Polymarket, built on Polygon (CRYPTO: POL), assigned a 70% probability to U.S. ground troops entering Iran by the end of April, up from 57% just a week ago. The odds of a ground invasion before year-end have risen from 72% to 77% in the same time.
The market remains one of Polymarket’s top draws, attracting $51.34 million in wagers so far. U.S. military personnel …
Iran Invasion Odds Surge Past 70% On Crypto Prediction Market, While Truce Chances Slide Sharply — What Happens Next?
Cryptocurrency punters ramped up expectations of a U.S. ground invasion of Iran, while lowering the likelihood of a diplomatic truce between the two nations.
Crypto Prediction Market Heats Up
Polymarket, built on Polygon (CRYPTO: POL), assigned a 70% probability to U.S. ground troops entering Iran by the end of April, up from 57% just a week ago. The odds of a ground invasion before year-end have risen from 72% to 77% in the same time.
The market remains one of Polymarket’s top draws, attracting $51.34 million in wagers so far. U.S. military personnel …
Costco to open its first stand-alone gas station with second location coming next year
Costco is set to debut its first stand-alone gas station this summer in Mission Viejo, California, marking a major expansion of its fuel operations, with a second location in Hawaii slated to open next year.
The California location, roughly 50 miles from Los Angeles, is expected to open in late June, according to local outlet KABC, citing city officials. It will become the chain’s largest gas station, featuring 40 pumps.
A second location is in the works for Honolulu, Hawaii, in the Kapālama Kai community, according to C-store Dive, citing a spokesperson from private education system Kamehameha Schools, which owns the project.
The move marks a major step for the discount retail giant, whose gas stations at existing warehouse locations have long been plagued by lengthy wait times, heavy traffic and crowded parking lots.
COSTCO SAYS YOUR NEXT CHECKOUT COULD TAKE UNDER 10 SECONDS THANKS TO NEW AUTOMATED PAY STATIONS
Costco’s Mission Viejo site at 25732 El Paseo will sit on the former location of a Bed Bath & Beyond, which city officials approved for demolition last year to make way for the project. It will neighbor a Krispy Kreme, a Dairy Queen Chill & Grill and a Jack in the Box.
The project will feature 20 fueling dispensers, equivalent to 40 pumping stations, according to 2025 city planning documents.
Spanning 17,234 square feet, the “fueling canopy” will also house an accessory office and breakroom building for employees, the documents stated.
The new gas station will be open daily from 5 a.m. to 10 p.m. exclusively for Costco members, C-store Dive reported.
COSTCO ENTERS FERTILITY CARE WITH MASSIVE DISCOUNTS FOR MEMBERS THROUGH NEW HEALTHCARE PARTNERSHIPS
According to GasBuddy, gas prices in the Mission Viejo area currently range from $5.69 to $6.35 per gallon.
The two closest existing Costco gas stations — at the Laguna Niguel and Laguna Marketplace warehouses, roughly 2.5 to 3 miles from the planned Mission Viejo site — both list gas at $5.69 per gallon, according to the Costco app.
For the Hawaii location, demolition and preparation of the property began in October 2025 and are ongoing, according to the project’s website.
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Gas prices in Honolulu range from $5.14 to $5.59 per gallon, according to GasBuddy. The closest Costco in Iwilei, about 2.2 miles from the planned Kapālama Kai site, lists gas at $4.14 per gallon, according to the Costco app.
Pro Rata: What It Means and Formula to Calculate It
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Pro Rata: What It Means and Formula to Calculate It
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Yen strengthens after Japan official warns of ‘decisive action’
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Two of Australia’s largest sources of jet fuel could be cut off as South Korea and China eye restrictions
South Korea’s transport ministry says domestic airlines have asked authorities to redirect export-bound jet fuel back to the local market amid a supply crunch
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South Korean airlines have asked their government to help redirect jet fuel exports to the domestic market, threatening half of Australia’s imports of the critical fuel after Chinese authorities earlier this month flagged export restrictions.
Amid deepening concerns across Asia about the impact of the escalating Middle East conflict, an official at South Korea’s transport ministry told the Guardian that “some domestic carriers” had asked authorities to redirect export-bound jet fuel back to the local market due to supply concerns.
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Israel expands invasion of southern Lebanon – as it happened
This live blog has now closed. Our coverage of the US-Israel war on Iran and the wider crisis in the Middle East continues here
Iran’s foreign minister, Abbas Araghchi, has condemned Israel’s killing of three journalists in Lebanon on Saturday.
On his Telegram, Araghchi said the killings amounted to “targeted assassination” and “flagrant violation of international law”. He said they were a way of silencing “the voices of those who tell the truth”.
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What Is an IPO? How an Initial Public Offering Works
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Thousands of bread, pizza items recalled in 10 states over possible metal contamination
Thousands of ready-to-eat pizza and bread products were recalled over the potential presence of metal fragments, according to the Food and Drug Administration.
North Carolina-based Bakkavor voluntarily initiated the recall on Jan. 19, according to the FDA.
Last week, the health agency classified the alert as a Class II recall, which means “use of or exposure to a violative product may cause temporary or medically reversible adverse health consequences or where the probability of serious adverse health consequences is remote.”
NEARLY 10M POUNDS OF FROZEN FRIED RICE SOLD AT TRADER JOE’S ADDED TO RECALL: USDA
About 23,459 cases of roasted tomato and Parmesan focaccia bread were recalled, sold under brand names such as Frederik’s by Meijer, Harris Teeter, Trader Joe’s and Fresh & Simple.
Additionally, 2,337 cases of HelloFresh Basil Pesto and Mozzarella Pizza, made up of 15 packages per case, were also recalled.
The recall affects four pizza lot numbers and more than a dozen focaccia bread lot numbers, with use-by dates ranging from April 27 through Oct. 15.
The affected items were distributed in 10 states — Arizona, California, Connecticut, Florida, Illinois, Michigan, North Carolina, New Jersey, Texas and Virginia.
The food products were also shipped directly to customers through HelloFresh.
90,000 BOTTLES OF CHILDREN’S IBUPROFEN RECALLED NATIONWIDE, FDA SAYS
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Customers are urged to dispose of the product or return them to the place of purchase for a refund.
No injuries have been reported in connection with the recall thus far.
How Stratified Random Sampling Works, With Examples
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Bitcoin, Ethereum, XRP, Dogecoin Move Sideways Amid Possible US Invasion Of Iran: Analyst Says ‘Billion-Dollar’ Trades Flooding Back To BTC And ETH
Leading cryptocurrencies remained flat, while stock futures fell Sunday evening as investors speculated about a ground invasion of Iran by the U.S.
| Cryptocurrency | 24-Hour Gains +/- | Price (Recorded at 9:25 p.m. EDT) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -0.10% | $66,468.59 |
| Ethereum (CRYPTO: ETH) |
+0.04% | $2,004.16 |
| XRP (CRYPTO: XRP) | +0.05% | $1.33 |
| Solana (CRYPTO: SOL) | -0.06% | $82.28 |
| Dogecoin (CRYPTO: DOGE) | +0.51% | $0.09149 |
Crypto Liquidations Spike
Bitcoin dipped under $65,000 late evening before rebounding above $66,000, triggering liquidations of both leveraged longs and shorts.
Ethereum followed a similar pattern, sliding to an intraday low of $1,939.53 before regaining $2,000. Both assets recorded a sharp jump in 24-hour volumes.
Over $313 million in cryptocurrency positions were liquidated in the past 24 hours, with an overwhelming amount of longs wiped out, according to Coinglass data.
Open interest in Bitcoin futures fell 0.75% in the last 24 hours, but retail and whale Binance traders bought the dip, increasing their long exposure to the apex cryptocurrency.
“Extreme Fear” prevailed in the market, according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
| Cryptocurrency … |
Bitcoin, Ethereum, XRP, Dogecoin Move Sideways Amid Possible US Invasion Of Iran: Analyst Says ‘Billion-Dollar’ Trades Flooding Back To BTC And ETH
Leading cryptocurrencies remained flat, while stock futures fell Sunday evening as investors speculated about a ground invasion of Iran by the U.S.
| Cryptocurrency | 24-Hour Gains +/- | Price (Recorded at 9:25 p.m. EDT) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -0.10% | $66,468.59 |
| Ethereum (CRYPTO: ETH) |
+0.04% | $2,004.16 |
| XRP (CRYPTO: XRP) | +0.05% | $1.33 |
| Solana (CRYPTO: SOL) | -0.06% | $82.28 |
| Dogecoin (CRYPTO: DOGE) | +0.51% | $0.09149 |
Crypto Liquidations Spike
Bitcoin dipped under $65,000 late evening before rebounding above $66,000, triggering liquidations of both leveraged longs and shorts.
Ethereum followed a similar pattern, sliding to an intraday low of $1,939.53 before regaining $2,000. Both assets recorded a sharp jump in 24-hour volumes.
Over $313 million in cryptocurrency positions were liquidated in the past 24 hours, with an overwhelming amount of longs wiped out, according to Coinglass data.
Open interest in Bitcoin futures fell 0.75% in the last 24 hours, but retail and whale Binance traders bought the dip, increasing their long exposure to the apex cryptocurrency.
“Extreme Fear” prevailed in the market, according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
| Cryptocurrency … |
South Korea’s Kospi leads declines in Asia as Middle East war enters fifth week
Asia-Pacific markets fell Monday as the Middle East war enters its fifth week.
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5 Toughest Countries for Citizenship and Residency
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Labor cuts fuel excise for three months, saving Australians 26c a litre on petrol and diesel
Anthony Albanese shares four-point plan after national cabinet and urges public transport usage
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Anthony Albanese has slashed the fuel excise in half in a move which will save motorists 26 cents a litre, and encouraged people to take public transport, after the national cabinet agreed to a plan to manage the petrol crisis.
Following a meeting of state and federal leaders on Monday, leaders also agreed to reduce the heavy vehicle road user charge to zero for three months, in a bid to support truck drivers.
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Median: What It Is and How to Calculate It, With Examples
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Cocaine and fentanyl found hidden inside Barbie doll packaging sold to customers, police say
Investigators reportedly found cocaine and fentanyl hidden inside Barbie doll packaging that had been sold to multiple unsuspecting customers in Missouri last weekend.
The incident occurred on March 21 after discount retailer Cargo Largo reported finding a “suspicious powder substance” in the packaging of the dolls, the Independence Police Department (IPD) reported.
Officials determined that five compromised units were sold but were able to recover all the affected items within hours of launching an investigation.
“At approximately 10:18 am this morning, IPD was contacted by Cargo Largo Security regarding a suspicious powder substance located in the packaging of a Barbie Doll,” officials said.
OVER 190,000 ‘LETHAL’ DOSES OF COCAINE SEIZED IN VALENTINE’S DAY WEEK BUST AT SOUTHERN BORDER
The retailer added in a statement that while initial tests indicated the presence of fentanyl, additional tests confirmed that the substance was cocaine with trace amounts of fentanyl.
No injuries were reported and police noted that the Barbie Dolls themselves were not compromised.
AUTISTIC BARBIE JOINS MATTEL DIVERSITY AND INCLUSION LINE
The substance was discovered taped inside the back packaging of the dolls, IPD said.
The retailer added that they identified the source and shared all relevant information with the authorities.
Following the discovery, Cargo Largo allowed investigators and multiple K9 units to conduct a thorough sweep of the store and warehouse.
No additional risks were found, the retailer said.
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Police added there is no reason to believe any compromised units were sent to other locations.
“Moving forward, we will schedule regular inspections of both facilities to maintain a safe environment,” the retailer said.
FOX Business reached out to IPD, Cargo Largo and Mattel for more information.
Marketing Mix: The 4 Ps of Marketing and How to Use Them
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Understanding Financial Risk Ratios: Measuring Company Risk
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China cracks down on ‘bone ash’ burials in empty apartments
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Trump news at a glance: Generational divide over Iran war emerges at key conservative conference
Younger conservatives say they are disappointed by Donald Trump’s decision to launch war against Iran. Key US politics stories from 29 March
A generational divide over the Iran war has emerged between older attendees and their political heirs at this year’s Conservative Political Action Conference (CPAC) in Texas, as the group’s leaders pleaded for unity ahead of a challenging midterm election year for Republicans.
Younger conservatives spoke of disappointment and even “betrayal” over Donald Trump’s launch of strikes against Iran, saying that the president’s actions run counter to his many pledges to oppose foreign entanglements.
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Profitability Ratios: What They Are, Common Types, and How Businesses Use Them
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Chocolate products recalled over hidden drugs tied to ‘life-threatening’ blood pressure drops
A nationwide recall has been issued for two chocolate products after they were found to contain undeclared prescription drug ingredients, federal health officials warn.
California-based Gear Isle is voluntarily recalling certain units of its “Gold Lion Aphrodisiac Chocolate” and “ilum Sex Chocolate” after testing revealed the presence of sildenafil and tadalafil — active ingredients commonly used in erectile dysfunction medications, according to a Thursday announcement from the U.S. Food and Drug Administration (FDA).
The products were sold online across the U.S. and marketed as dietary supplements.
CHOCOLATE CANDY SOLD AT LIDL RECALLED OVER UNDECLARED HAZELNUT ALLERGEN
The FDA warned that the undeclared ingredients could pose serious health risks, particularly for people taking nitrate medications for heart conditions.
The combination can cause a sudden and potentially “life-threatening” drop in blood pressure, according to the FDA.
“Among the adult male population who are most likely to use these products, adult males who use nitrates for cardiac conditions are most at risk from these products,” the announcement noted.
ALDI RECALLS POPULAR SNACK FOOD OVER POSSIBLE RODENT HAIR CONTAMINATION
The recall covers:
Gear Isle said it has not received any reports of adverse events tied to the products.
Consumers are urged to stop using the products immediately and return them for a refund.
HERBAL SUPPLEMENT FOUND TO CONTAIN HIDDEN VIAGRA INGREDIENT, FDA URGES CONSUMERS TO STOP USE
Anyone experiencing symptoms should contact a healthcare provider, according to the FDA.
The recall follows a similar action earlier this month, when New Mexico-based Primal Supplements Group LLC voluntarily recalled certain units of its Primal Herbs “Volume” sexual enhancement product after it was also found to contain sildenafil, according to the FDA.
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Gear Isle did not immediately respond to FOX Business’ request for comment.
Multiple Chinese vessels retreat at Strait of Hormuz after Iran warnings in rare ally move
At least three Chinese-linked vessels reportedly turned back abruptly after attempting to cross the Strait of Hormuz last Friday, signaling an unusual move in typically friendly Tehran‑Beijing relations amid the ongoing regional crisis.
Two ships owned by China’s state‑run Cosco Shipping, the CSCL Indian Ocean and CSCL Arctic Ocean, as well as Hong Kong-owned Lotus Rising made sudden U‑turns near Larak Island, according to ship‑tracking service MarineTraffic and research group FDD. The narrow channel has repeatedly been described as Iran’s de facto “toll booth,” with the Islamic Revolutionary Guard Corps (IRGC) Navy, allowing passage only for authorized vessels.
This was the first attempted outbound transit by major Cosco container ships since tensions in the Strait of Hormuz began on Feb. 28, triggering disruptions to 20% of the world’s oil supply.
The ships reportedly violated Iranian rules banning traffic to and from countries considered supportive of the United States and Israel, including the UAE and Saudi Arabia, according to an IRGC statement cited by IRGC-affiliated outlet Nour News.
OIL HAS SURGED SINCE THE IRAN CONFLICT, BUT GAS PRICES MAY NOT BE DONE RISING.
“Three container ships of different nationalities attempted to move towards the designated corridor for licensed ships, which were forced to return after being warned by the IRGC Navy,” the outlet said Friday afternoon.
“Sailing of any ship ‘to and from’ the ports of the allies and supporters of the Zionist-American enemies to any destination and from any corridor is prohibited,” it added.
IRAN WAR FUELS ASIA ENERGY CRUNCH AS INDIA, JAPAN, OTHERS FEEL STRAIN
It is not immediately clear why the vessels halted their transit, but the Cosco ships have reportedly visited ports in enemy countries considered hostile since mid-February, including Jebel Ali in Dubai; Dammam in Saudi Arabia; and Khalifa Port in Abu Dhabi, United Arab Emirates, according to maritime outlet Lloyd’s List.
Analysts noted that the ships may have lacked proper paperwork or authorization to transit the Strait of Hormuz, and safe passage could not be guaranteed, the outlet added.
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The incident highlights a gap between Iran’s earlier diplomatic assurances that China and other friendly nations, including Russia and India, could coordinate safe passage through the Strait of Hormuz.
The CSCL Indian Ocean and CSCL Arctic Ocean had also broadcast messages on their identification systems signaling that they had Chinese owners and crew as a precautionary move to signal friendliness to Iran, Reuters reported, but the effort was apparently deemed insufficient by Iranian authorities at the checkpoint.
Reuters contributed to this report.
Trump hails ‘progress’ on Iran deal but threatens huge infrastructure attack
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Cash Flow vs. Profits: Which Matters More for Business Success?
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The Final Four is set with UConn stunning Duke to join Illinois, Arizona and Michigan
The Huskies beat Duke with a 3-pointer from the logo with 0.4 seconds left by Braylon Mullins, who grew up just outside of Indianapolis.
(Image credit: Stephanie Scarbrough)
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Pro-AI group to spend $100mn on US midterm elections as backlash grows
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Understanding Socialism: History, Theory, and Modern Examples
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ICE officers could remain at airports after TSA workers are paid
Even when Transportation Security Administration workers get paid, Immigration and Customs Enforcement agents could still be present at U.S. airports.
(Image credit: David J. Phillip)
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China’s ‘teapot’ oil refineries keep economy brewing – but surging crude prices leave them strained
The factories, which buy cheap crude and turn it into fuel, are struggling as higher oil prices threaten their razor-sharp margins
The towns that are the bulwark of China’s energy security can, at a moment of global crisis, appear deceptively quiet. Trucks carrying oil trundle along wide-open highways that have little traffic, while a few boarded-up shops in crumbling low-rise buildings hint at a long-forgotten local buzz.
A ramshackle noodle shop serving hand-pulled ribbons of dough was empty at lunchtime, save for a few construction workers and a teacher watching videos on Douyin, the social media platform, with his meal.
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Student Loan Balances for Ages 35 to 49: See How You Compare to National Averages
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Donald Trump says US could ‘take the oil in Iran’
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Analysts name ‘positive surprises’ for BTS parent company Hybe with double-digit upside
The strength of demand for BTS’s forthcoming world tour is one such positive, analysts said.
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5 Essential Insurance Policies for Comprehensive Asset Protection
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LA county sheriff’s deputy dies after medical emergency during relay race
Levi Vargas, 30, was competing in Baker to Vegas race through Mojave desert as US south-west faces extreme heat
Los Angeles county sheriff’s deputy Levi Vargas died on Saturday after a medical emergency while participating in an annual relay race through the Mojave desert. He was 30 years old.
Vargas had been competing at the Baker to Vegas Challenge Cup relay race, which follows a 120-mile (193km) course from Baker, California, to Las Vegas, Nevada, through the Mojave desert. Several law enforcement agencies send 20-runner teams annually to compete in the race.
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ICE agents called in to help ease airport security lines may not be leaving anytime soon, even after Trump ordered pay for TSA officers
Even after President Donald Trump ordered emergency pay for Transportation Security Administration agents to ease long security lines, major U.S. airports on Sunday were still urging travelers to arrive hours early — and federal immigration officers brought in to help may not be leaving anytime soon.
Trump’s executive order on Friday instructed the Department of Homeland Security to pay TSA officers immediately, though it’s unclear how quickly travelers will see an impact. The move comes during a busy travel stretch, with spring breaks underway and Passover and Easter approaching.
Tens of thousands of TSA employees have been working without pay since DHS funding lapsed on Valentine’s Day. The department’s shutdown reached 44 days on Sunday, eclipsing the record 43-day shutdown last fall that affected all of the federal government.
Trump deployed Immigration and Customs Enforcement agents to some airports a week ago to help with security as TSA callouts rose nationwide — the same officers who may now remain in place if TSA staffing strains continue.
When will ICE’s deployment at airports end?
Making the rounds on Sunday morning news shows, White House border czar Tom Homan said it depends on how many TSA employees would be returning to work after they start receiving their pay.
“ICE is there to help our brothers and sisters in TSA. We’ll be there as long as they need us, until they get back to normal operations and feel like those airports are secure,” he told CBS’ “Face the Nation.”
Speaking on CNN’s “State of the Union,” Homan said it also depends on how many TSA agents “have actually quit and have no plan on coming back to work.”
Nearly 500 TSA officers have quit since the shutdown started, according to DHS.
When will TSA officers get paid?
Homan, in his CNN interview, said he hopes TSA officers will be paid by Monday or Tuesday.
“It’s good news because these TSA officers are struggling,” Homan said. “They can’t feed their families or pay their rent.”
Also on Sunday, Charlotte Douglas International Airport said in a post on X that backpay could arrive for TSA agents beginning Monday.
“While this action provides critical relief, CLT supports long-term solutions to ensure continued stability for this essential workforce,” the airport said.
Johnny Jones, secretary-treasurer of the American Federation of Government Employees’ TSA chapter, said Sunday that he has heard from workers worried they may not receive their full back pay because TSA management was given very short notice to begin processing payments. He also said TSA agents are concerned they could miss pay for time they were unable to work because they couldn’t afford to report for duty.
“It is a disaster in progress,” Jones said.
What’s the current situation on the ground?
Some of the busiest airports in the United States continued to ask travelers to arrive hours before their departure time in order to get through security lines.
Houston’s main airport, George Bush Intercontinental, warned Sunday evening that TSA wait times could reach four hours or longer. Atlanta’s Hartsfield-Jackson International Airport also told passengers to arrive at least four hours early for both domestic and international flights.
LaGuardia Airport posted an alert Sunday evening on its website that “TSA lines are currently longer than usual.” A separate advisory on its site said wait times “can change quickly.”
Baltimore-Washington International Airport said Sunday that “wait times have greatly subsided on this Spring Break Sunday.” But the airport still asked passengers to show up several hours early. Louis Armstrong International Airport in New Orleans offered the same guidance on Sunday.
Maryland Gov. Wes Moore said in a post on X Saturday evening that more ICE agents were being deployed to BWI to assist at TSA security checkpoints to “speed up the clearance process for passengers — not immigration enforcement.”
How soon will this help with airport delays?
It’s hard to tell.
Caleb Harmon-Marshall, a former TSA officer who runs a travel newsletter called Gate Access, said the staffing crisis won’t improve significantly until officers are confident that they won’t be subjected to more skipped paychecks.
“It has to be an extended pay for them to come back or want to stay there,” he said, estimating longer lines could linger for another week or two.
Jones, the TSA union leader, offered a more optimistic outlook on Sunday, saying he’s hopeful that passengers could see wait times ease closer to typical levels once workers are able to afford basic expenses like gas to get to work.
TSA will also have to decide whether to reopen checkpoints or expedite service lanes they closed or consolidated at airports due to inadequate staffing, which led to passengers standing in screening lines that clogged check-in areas or showing up far too early for their flights.
A handful of airports have experienced daily TSA officer call-out rates of 40% or higher. Nationwide on Thursday, more than 11.8% of the TSA employees on the schedule missed work, the most so far, DHS said Friday.
This story was originally featured on Fortune.com
How to Keep Your Retirement Goals Alive While Grad School Restricts Your Income
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Dezi Freeman shot dead by police after seven-month-long manhunt
Shooting occurred at a property in north-east Victoria after major manhunt for 56-year-old, who allegedly killed two police officers in Porepunkah
Fugitive Dezi Freeman, the man allegedly responsible for the shooting deaths of two officers at Porepunkah, has been killed after a seven-month long manhunt in rural Victoria.
Victorian police announced on Monday that a man had been shot shortly after 8.30am.
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Pope seems to rebuke Hegseth in remarks about leaders with ‘hands full of blood’
Pontiff’s unusually pointed comments come after US defence secretary’s prayer for violence against enemies ‘who deserve no mercy’
Pope Leo has said God ignores the prayers of leaders who wage war and have “hands full of blood”, in an apparent rebuke to the Trump administration.
The pontiff made the comments on Sunday as thousands of US troops arrived in the Middle East and days after the US defence secretary, Pete Hegseth, prayed for violence against enemies who deserved “no mercy”.
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The Importance of Bank Statement Reconciliation in Accounting
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Tehran briefly loses power after strikes as peace push ramps up
Parts of Tehran lost electrical power after missile strikes on Sunday as Iran and its proxies lobbed attacks at US allies over the weekend and thousands more American military personnel moved into the region.
The arrival of a US amphibious assault group and the introduction of the Iran-backed Houthis to the conflict raised fears of a possible escalation of the war entering its second month, even as Pakistan, Egypt, Saudi Arabia and Turkey met to find a path out.
Pakistan’s Foreign Minister Ishaq Dar said after the meeting with his counterparts that “both Iran and US have expressed their confidence in Pakistan” to host future talks, although neither side has indicated they are ready to meet.
There’s still little sign that Iran and the US will meet for peace talks soon, even though President Donald Trump has pushed for negotiations as US gas prices soar in a congressional election year. He delayed his deadline to April 6 for Tehran to agree to reopen the Strait of Hormuz or have its power plants demolished. Iran rejected a 15-point proposal from Trump and insisted on war reparations and other demands Trump is unlikely to accept.
Electricity supply was cut in parts of Tehran, the capital of Iran, and nearby Alborz province after attacks on facilities in the area, the state-run Islamic Republic News Agency reported Sunday. It was largely restored within an hour.
The International Atomic Energy Agency concluded Sunday that Iran’s Khondab heavy water production plant had sustained severe damage from a strike. Heavy water is used in nuclear power plants as well as for weapons-grade plutonium. One of the stated aims for the war is to destroy Iran’s nuclear capabilities.
Iranian Supreme Leader Mojtaba Khamenei issued remarks for the first time in about a week on Saturday, thanking Iraqi religious authorities for their support, according to state-run Hamshahri newspaper. Khamenei, who took over when his father, Ayatollah Ali Khamenei, was killed during the initial hours of the war, still hasn’t been seen in public since his appointment and the US says he’s injured, perhaps badly.
The Houthis launched ballistic missiles at Israel on Saturday morning, following US-Israeli strikes on Iranian nuclear facilities, including the Khondab plant. Tehran also struck aluminum producers in Bahrain and the United Arab Emirates.
The Washington Post reported that the US Defense Department was preparing for potentially weeks of ground operations in Iran, citing unidentified US officials. Any mission would likely first focus on opening the Strait of Hormuz, the strategic waterway through which a fifth of seaborne global oil flowed before the war but which has now slowed to a trickle, inflicting the biggest supply disruption in the history of the global oil market.
“Our men are waiting for American soldiers to enter on the ground,” Iranian Parliament Speaker Mohammad Bagher Ghalibaf said, according to the semi-official Tasnim news agency.
The strait has emerged as Iran’s main source of leverage in the war and Tehran is drafting a law to govern passage through the waterway. It will include sections related to shipping security, the collection of fees and the establishment of a “regional development and progress fund,” the semi-official Fars news agency cited lawmaker Alireza Salimi as saying on Sunday.
Read More: The Strait of Hormuz Energy Shock Is About to Head to the West
“What the Iranians are really doing is waging war on the world economy,” Daniel Yergin, vice chairman of S&P Global, said on Fox News’s Sunday Morning Futures. “They’re trying to turn the Strait of Hormuz — an international waterway — into, basically, an Iranian canal that they can control and extract money from.”
Pakistan on Saturday said it had reached a deal with Tehran to allow 20 of its ships passage, while Bahrain on Sunday announced a ban on fishing and pleasure boats at night, citing the Iranian threat. Saudi Arabia has managed to reroute some of its oil around the strait, with its East-West pipeline now operating at its full capacity of 7 million barrels a day, according to a person familiar with the matter.
The Houthis could complicate that — the Red Sea port of Yanbu, through which 5 million barrels of Saudi exports are now flowing, is well within their missile range. The group said it would continue operations until US-Israeli attacks on the Islamic Republic and its proxy militant groups, including Hezbollah in Lebanon, cease.
In a sign of the conflict’s long reach, French anti-terrorism authorities are investigating a foiled bombing near the Bank of America Corp. headquarters in Paris that they said appeared to be linked to the Middle East conflict.
A strike on Prince Sultan Air Base in Saudi Arabia on Friday that wounded at 15 US troops also damaged a US E-3 Sentry, according to a person familiar with the matter who asked not to be identified discussing sensitive military operations. Such aircraft, which cost roughly $300 million, are equipped with airborne warning and control system radar to help track drones and missiles. Unverified photos of the jet showed its tail completely severed, rendering it unflyable.
One person was killed in an Iranian strike on Tel Aviv, according to Israel’s emergency services. Israel’s invasion of southern Lebanon continued over the weekend, with strikes killing two journalists on Saturday, according to Lebanon’s state-run NNA.
On Sunday, Israeli Prime Minister Benjamin Netanyahu instructed the military to widen the buffer zone in southern Lebanon, saying in a video posted to social media that he’s “determined” to restore security to residents in the north and wipe out Iran-backed Hezbollah.
The US military said in a social media post on Saturday that it had struck more than 11,000 targets and destroyed more than 150 Iranian vessels since the conflict began. The Israel Defense Forces said a wide-scale wave of strikes overnight targeting missile production and storage sites in Tehran had been completed.
The war has left over 4,500 people dead, according to governments and non-governmental agencies. Around three-quarters of fatalities have been in Iran, while more than 1,200 people have died in Lebanon. Dozens of people have been killed in Israel and Gulf Arab states, and 13 US troops have died.
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Oil price rises past $115 as Iran conflict worsens
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Dow futures fall 300 points as Wall Street braces for potential U.S. ground assault on Iran and Houthi attacks that could slash oil supplies further
Investors are looking past President Donald Trump’s attempts to talk oil prices down as reports signal an increasingly likelihood that U.S. ground troops will be deployed to fully reopen the Strait of Hormuz.
The 31st Marine Expeditionary Unit has arrived in the Middle East, and the 11th MEU is en route, while thousands of paratroopers with the 82nd Airborne Division are headed there too. Another 10,000 U.S. troops are reportedly under consideration for deployment as well.
Futures tied to the Dow Jones industrial average fell 298 points, or 0.66%. S&P 500 futures were down 0.62%, and Nasdaq futures lost 0.68%.
U.S. oil futures rose 2.4% to $101.99 a barrel, and Brent crude climbed 2% to $114.88. The national average gasoline price reached $3.98 a gallon on Sunday, up $1 over the past month, according to AAA.
The U.S. dollar was up 0.14% against the euro and flat against the yen. The yield on the 10-year Treasury fell 1.2 basis point to 4.428%. Borrowing costs rose last week after a series of bond auctions drew weak demand as investors grew more concerned about fallout from the Iran war.
Over the weekend, sources told the Washington Post that the Pentagon is preparing for weeks of ground operations in Iran, though the White House said the plans don’t mean Trump has made a decision.
Rather than a full-scale invasion, any ground attacks may take the form of raids by a combination of special forces and conventional infantry, the report said.
Targets could include Kharg Island, which is the export hub for 90% of Iran’s oil, and coastal areas near the Strait of Hormuz, according to the Post.
While U.S. and Israeli airstrikes have devastated Iran’s military, Tehran has asserted itself as the de facto gatekeeper over the Strait of Hormuz by threatening drone attacks on ships. As a result, more countries are asking Iran for safe passage through the narrow waterway and even paying millions of dollars.
In addition, the Islamic Republic could wield even more control over global oil supplies as Houthi allies have now entered the war.
The Yemen-based rebels claimed a missile launch toward Israel early Saturday, raising fears that they could also target commercial ships in the Red Sea corridor, as they did during the Israel-Hamas war, disrupting traffic through the Suez Canal.
With the Strait of Hormuz largely closed off and one-fifth of the world’s crude bottled up in the Persian Gulf, the Red Sea has emerged as a vital alternate route for getting oil to global markets.
The Houthi attack comes just as Saudi Arabia’s East-West pipeline is now pumping oil at its full capacity of 7 million barrels a day, sending crude to the Red Sea port of Yanbu and circumventing the Strait of Hormuz.
Iran war could drag on into next year
That was not the only sign that the Iran war is expanding. Ukraine is signing defense cooperation agreements with Saudi Arabia, the UAE and Qatar, offering its expertise in combating drones. That’s after reports said Russia is giving Iran targeting information and enhanced drones.
At the same time, diplomatic efforts aren’t showing much progress. Pakistan said the foreign ministers of Saudi Arabia, Turkey and Egypt were holding talks in Islamabad—without the U.S. or Israel. But Iran’s parliament speaker said the talks are merely cover to give the U.S. time to deploy more troops.
While Trump has insisted his Iran war will last up to six weeks, it could be more like six months or longer.
“The Middle East war now appears to be broadening and deepening,” Capital Alpha Partners analyst Byron Callan said in a note on Thursday. “We have 25% confidence that it’s concluded by the end of May, 45% that it’s settled in the fall of 2026, and 35% that it extends into 2027.”
Against the backdrop of the escalating war, high oil prices, and a worsening inflation outlook, a heavy slate of economic news is on the way.
On Monday, Federal Reserve Chairman Jerome Powell will speak, just weeks after the central bank kept rates steady, ahead of several other Fed officials due to make public appearances throughout the week.
On Tuesday, the S&P Case-Shiller home price index as well as the job openings and labor turnover report will come out.
On Wednesday, the ADP monthly payroll report, the Institute for Supply Management’s manufacturing index, and retail sales data are due.
And on Friday, the market will be closed for Good Friday, but the Labor Department will release its jobs report, with Wall Street expecting payrolls to rebound to a gain of 45,000 after a surprise loss of 92,000.
This story was originally featured on Fortune.com
The Iran and Ukraine wars have merged into a single conflict, but ‘we are still not at a true world war,’ expert says
Russia’s war on Ukraine began four years before the U.S.-Israel war on Iran did, but the battle lines are getting blurrier, while the conflicts threaten to draw in more participants.
The stakes are further elevated as President Donald Trump deploys thousands of U.S. troops to the Middle East for an anticipated ground assault meant to reopen the Strait of Hormuz.
“Over the last week, there have been a couple of interesting developments that effectively merged the Russia-Ukraine war and the Iran war into a single conflict,” University of Pittsburgh political science professor William Spaniel said on his YouTube channel this weekend.
He pointed to Ukraine signing a security agreement with Saudi Arabia that will provide the kingdom with expertise Kyiv has developed in defending against Iranian-designed drones supplied to Russia.
In fact, Ukrainian President Volodymyr Zelenskyy also made unannounced visits to the United Arab Emirates and Qatar to reach similar agreements. That’s as the Persian Gulf states have been bombarded by Iranian missiles and drones, which are overwhelming their U.S. air-defense systems.
Spaniel, who studies war, nuclear proliferation, and terrorism, also cited reports that Russia is now providing Tehran with upgraded versions of Iran’s own Shahed drones. That deepens Moscow’s involvement in the Iran war after Western intelligence widely flagged evidence that Russia has been providing Iran with targeting information on U.S. assets in the region.
Sources told the Associated Press that Russia’s improvements on the Shahed drone include decoys meant to divert air defenses, jet engines, cameras, advanced anti-jammers, radio links, AI computing platforms, as well as Starlink capabilities that no longer work in Ukraine.
“We are still not at a true world war as there is no one actor fighting on two fronts simultaneously like the United States during World War II,” Spaniel added. “But it is further connecting the battlefield outcomes, and it will have longer-lasting implications for how the battle lines are divided.”
Russia’s shipments to Iran prompted Israel to attack the Iranian port of Bandar Anzali on the Caspian Sea, which has emerged as a major channel for deliveries of ammunition, drones and other weapons, according to the Wall Street Journal.
Israel hit warships, a port, a command center and a shipyard used to repair and maintain vessels, the report said. But Russia can still use land routes to arm Iran. Trucks carrying what Russia said was humanitarian aid went to Iran via Azerbaijan, and it’s possible they could contain drones, sources told the AP.
‘So these wars are very much interlinked’
Russian aid to Iran comes after the U.S. and NATO allies supplied Ukraine with weapons and intelligence, though reports saying U.S. and Israeli munition stockpiles may be running low have raised fears that supplies to Kyiv might be reduced.
Meanwhile, European leaders have rejected Trump’s demands that NATO take a more active role in the Iran war. European Union foreign policy chief Kaja Kallas instead pointed to the converging wars and argued that assistance on one front will help the other.
“So these wars are very much interlinked,” she told reporters this weekend. “So if America wants the war in the Middle East to stop—Iran to stop attacking them—they should also put the pressure on Russia so that they are not able to help them.”
Despite Europe’s reluctance to join the Iran war, allies are still mostly allowing the U.S. military to use European bases as staging areas for attacks on Iran.
European defense officials are also in advanced discussions to escort tankers through the Strait of Hormuz once the war ends, sources told the New York Times.
In addition, NATO Secretary General Mark Rutte has backed the Iran war and predicted the alliance would eventually come around to support it too.
“If Iran would have the nuclear capability, including, together with the missile capability, it will be a direct threat, a existential threat, to Israel, to the region, to Europe, to the stability in the world,” he told CBS News last week. “So the president doing this is crucial, and I’ve seen the polling, but I really hope the American people will be with him, because he is doing this to make the whole world safer.”
This story was originally featured on Fortune.com
Are You Prepared for Retirement? Most Workers Reveal They’re Not Close
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Pakistan prepared to host U.S.-Iran talks in ‘coming days’ as Trump weighs deploying ground troops
Foreign ministers of Pakistan, Saudi Arabia, Turkey and Egypt all arrived in Islamabad to discuss the evolving regional situation in the Middle East.
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Keir Starmer to launch local elections campaign with focus on cost of living
PM will also cite Iran war as reason to stick with Labour, as party adopts new slogan: ‘Pride in Britain’
Keir Starmer will say that a vote for Reform UK will put at risk progress Labour is making on the cost of living, arguing that Britain’s values are being tested in a volatile world.
Launching the party’s local elections campaign with a new slogan: “Pride in Britain”, Starmer will urge voters to stay the course with Labour. A dire set of results are predicted for the party in Wales, Scotland and English councils, especially in the north-east of England and London.
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How young people are navigating a tough and rapidly changing job market
Finding a job is hard right now, especially for young people starting their careers. NPR’s Adrian Ma spoke with college students and an economist about navigating today’s tough job market.
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Understanding why some Iranian Americans support the war on their country of origin
Protesters from the Iranian diaspora in the U.S. gathered in Washington, D.C. as the war in the Middle East broadens. Many say they are aligned with the U.S. and Israel and explain why they want to see regime change in Tehran.
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Chesney the kangaroo found three days after hopping away from farm
Marsupial escaped from enclosure at Wisconsin’s Sunshine Farm on Wednesday after he was spooked by stray dogs
How does a kangaroo escape a petting zoo?
It’s not the opening line to a dad joke. If you’re Chesney the kangaroo, you scale an 8ft (2.5-meter) fence and go on the lam for three days, giving your keeper sleepless nights and sending residents of a small Wisconsin town on a search that would end happily on Saturday.
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Private equity is eying Asia’s health care funding gap as countries get wealthier and older
Asia is getting wealthier, older—and potentially sicker, as rates of non-communicable disease rise across Southeast Asia. Yet governments aren’t investing enough in public health care, threatening to open up a massive funding gap.
“Asia has more diabetes, cancer and cardiovascular patients than anywhere else in the world,” Abrar Mir, co-founder and managing partner of Singapore-based health care private equity firm Quadria Capital, tells Fortune.
Asia’s health care market is expected to reach roughly $5 trillion in size by 2030 and contribute 40% of growth in the global health care sector, according to a report by the Boston Consulting Group. Yet it currently accounts for just 20% of global health care spending, despite making up more than half of the world’s population.
Southeast Asia is particularly at risk from rising rates of chronic disease. The World Health Organization estimates that non-communicable diseases (NCDs) claim 8.5 million lives annually in the region, driven by lifestyle factors such as tobacco and alcohol use, physical inactivity and unhealthy diets.
Countries are also aging faster than their level of development might suggest. Thailand, for example is quickly becoming an “ultra-aged” society: The country has more people aged over 60 than those under 15.
ASEAN governments aren’t keeping pace on public health spending, due to competing priorities like economic development and infrastructure. Southeast Asian governments allocate less than 4% of their GDP to healthcare, compared to 9% in OECD countries.
Mir argues that shortfall open up space for private capital, adding that 70% of hospital beds in Asia are funded by the private sector. “In this region, private capital is essential in building out social infrastructure,” he says. “If you don’t have it, many people would go without access to basic health care.”
Quadria, which has about $4.2 billion in assets under management, invests in health companies across Southeast Asia, including Indonesia’s Hermina Hospitals, Malaysia-based Straits Orthopaedics, and Vietnam’s mother-and-baby retailer Con Cung. The firm also partners with sovereign wealth funds, development finance institutions and impact investors, though Mir declined to cite specific names.
Health care innovation
Parts of Asia are quickly moving up the biopharma value chain. The region accounted for more than 85% of growth in innovative drug pipelines in 2024, led by China and South Korea, according to a report from McKinsey. That year, the region also generated almost two-thirds of the world’s biotech patent grants, more than five times what came out of Europe.
Southeast Asia, however, is further back on the value chain, and attracts global firms due to its low production costs, rather than an edge in health care innovation. “Over time, we think this will translate to innovation as it has in China, but in Southeast Asia, it isn’t there yet,” Mir says.
Regardless, Mir concludes that Asia’s health sector holds immense potential. “Today’s health care firms must have a clear strategy in Asia, or they will no longer be global leaders,” he says.
“We can do it better and cheaper.”
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Space Coast Enclave Offers Retirees a Serene Beachfront Lifestyle Full of Relaxation and Charm
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Buffett and Munger Reveal 5 Proven Stock Strategies for Lasting Investment Success
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The problem for investors: We don’t know how Trump wants the Iran war to end
In his Sunday column for Investing Club subscribers, Jim Cramer argues that the S&P 500 is likely to see further declines during the Iran war.
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France detains two more suspects over foiled Paris Bank of America attack
French police have arrested two more suspects over a foiled attack on Bank of America’s Paris offices.
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Opinion | Trump’s Gift to the IMF and China
‘Double standards’: Instagram removes Erin O’Connor’s pregnancy photos again
Model posted pictures of herself naked and ‘in her full power’ to celebrate Mother’s Day, before Meta took it down for breaching nudity guidelines
The model Erin O’Connor has spoken out about the need for social media platforms to apply “clearer, more context-sensitive guidelines” after Instagram repeatedly removed two nude photographs she had posted on Mother’s Day, celebrating her heavily pregnant body.
The photos – which were removed, reinstated and then removed again by the platform – were taken in 2014 when O’Connor, who is 48, was eight and half months’ pregnant with her son Albert.
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Amazon buys Fauna Robotics, maker of the Sprout humanoid robot that can dance, pick up toys, and go on a stroll
Amazon has acquired Fauna Robotics, just under two months after the startup introduced a humanoid robot called Sprout designed to be a friendly addition to social spaces like homes and schools.
The e-commerce giant is already a robotics powerhouse, having boasted of deploying more than 1 million robots across its warehouse operations, but bringing the 3.5-foot-tall, rectangular-headed Sprout on board adds a robot that’s more about fun interactions than heavy lifting.
Fauna CEO Rob Cochran said on social media he was “incredibly excited to share that Fauna Robotics has officially joined the Amazon family” and said the New York-based firm will now “operate as Fauna Robotics, an Amazon company.”
Financial terms of the deal were not disclosed.
Amazon said the company’s founders and employees will join Amazon in New York and will be looking for “new ways to make our customers’ lives better and easier.”
Fauna’s debut product, launched in January, is a software developer platform more than just a robot, sold to academic and corporate research laboratories that are exploring robotics in the home. Early customers included Disney.
The $50,000 Sprout can’t lift heavy objects, but it can dance the Twist or the Floss, grab a toy block or teddy bear, or hoist itself from a chair and take a stroll.
Amazon, which also makes the artificial intelligence assistant Alexa that’s already present in many homes, has had some challenges in recent years in expanding into consumer robotics.
Amazon called off its purchase of robot vacuum maker iRobot in 2024 after facing regulatory hurdles in Europe and the United States.
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Distressed-debt funds target private credit downturn as ‘greatest opportunity’ since 2008
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Pennsylvania City Welcomes Retirees With Affordable Living and Attractive Local Amenities
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Meta, Google’s $6 Million Loss In Social Media Trial Has Far-Reaching Implications, Says Gary Black As Mag 7 Stocks Underperform SPX
Meta Platforms Inc. (NASDAQ:META) and Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) are under scrutiny following a California jury’s decision holding them accountable for a young woman’s mental health issues. This verdict has significant implications for the companies and the broader industry, according to The Future Fund LLC’s Gary Black.
META, GOOGL Fall Behind Due To Recent Underperformance
According to Gary Black, all Mag 7 stocks, including Meta and Alphabet, have lagged behind the S&P 500 this year.
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Cory Booker says Democrats have ‘failed this moment’ and calls for new leaders
Senator’s comments come amid growing divisions within the party, which he says has ‘too small of a coalition’
Cory Booker, the Democratic senator from New Jersey, renewed his calls for new leadership of the Democratic party, saying the party has “failed this moment”.
“As a whole, our party has failed this moment,” Booker said on Sunday. “I’ve called for a generational renewal, because this left-right divide is killing our country and our adversaries know it.” He also said that “purity tests” within the party have led to more division in the US.
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Michael Saylor Spent A Decade Doing ‘Everything Under The Sun,’ But Still Couldn’t ‘Get Ahead’ — Success Hit When He Understood This One Thing
Michael Saylor may have gone all-in on Bitcoin (CRYPTO: BTC), but his path there, as he describes, was riddled with “despair” and self-doubt.
A Decade Of ‘Despair’
In an interview with Natalie Brunell on Nov. 18, 2024, Saylor revealed he had spent a decade trying to do “everything under the sun” at his firm, back when it was called MicroStrategy.
“I was in despair. I had spent 20,000 man-years attempting to do everything under the sun,” he said. “I could not get ahead.”
Saylo said his problem wasn’t that he was “stupid” or lacked work ethic, yet these setbacks sowed seeds of self-doubt.
“The most pernicious thing you can do to someone is you make them think that …







































































































































































