California Governor Gavin Newsom said on the 15th that President Trump, viewing him as a "political enemy," instructed the DOJ to open an investigation. Newsom said Trump placed him and his wife on a "hit list" and that investigators have knocked on doors of family friends and former employees; he said this was not prompted by evidence of criminal conduct but by an effort to find charges. He called the probe politically motivated, noting he has publicly criticized Trump and is considering a pres

The New York Times reports US President Trump told a Sunday interview he has reached an agreement with Iran that will ensure the Strait of Hormuz is permanently toll-free. He said Israeli prime minister Netanyahu opposed the deal but that US action has spared Israel from “nuclear annihilation,” adding Netanyahu should be grateful. Trump said if Iran fails to conclude a final nuclear agreement — talks he said are expected to begin Friday in Switzerland — he would resume military strikes on Tehran or, alternatively, demand 20% of regional revenues in exchange for the US acting as “guardian of the Middle East.”

Citigroup cut its oil price outlook to its prior bearish-scenario level, now forecasting $75/bbl in 3Q26 and $70/bbl in 4Q26.