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A son of Iran's late supreme leader is chosen to replace his father
US military kills 6 in strike on alleged drug boat in the Eastern Pacific
Oil prices jump and markets slide as Iran names new supreme leader
Footage raises likelihood the US struck Iranian school killing 165 children
Iran war puts at risk key pipelines, terminals and refineries
NEW YORK (AP) - The U.S. stock market careened through a manic Monday, going from a steep early loss to a solid gain. The S&P 500 fell as much as 1.5% before flipping to a gain of 0.8%. The Dow Jones Industrial Average rose 239 points, and the Nasdaq composite climbed 1.4%. Oil prices whipped from nearly $120 per barrel back toward $90.
World leaders have tried and failed to curb climate change by appealing to nations to act for the common good. Now, the Iran war and its costly energy crunch have some experts wondering if selfishness and nationalism may be a more likely way to save the planet, by boosting support for homegrown renewables over imported fossil fuels.
NEW YORK (AP) – U.S. stocks recovered much of an early loss amid growing concerns about whether the global economy can withstand spiking prices for oil, which briefly got to nearly $120 per barrel on Monday. Wall Street had initially followed global markets on a steep descent earlier in trading and remains twitchy and quick to reverse.
VERONA, Italy (AP) – The Milan Cortina Olympics ended Sunday with a closing ceremony paying tribute to Italian dance and music inside the ancient Verona Arena, roughly mid-distance between the far-flung mountain, valley and city venues that made these the most spread-out Winter Games in Olympic history.
MILAN (AP) – The United States is on top of the hockey world for the first time in nearly a half-century. No miracle needed.
LIVIGNO, Italy (AP) – By taking chances, Eileen Gu is building a sport. She’s winning medals. Yet on a sunny Sunday at the Olympics where she defended her title on the halfpipe, maybe the best prize of all was knowing her grandma would be proud.
Anthropic is suing the Trump administration for what it calls an “unlawful campaign of retaliation” against the artificial intelligence company over its refusal to allow unrestricted military use of its technology. Anthropic asked federal courts on Monday to reverse the Pentagon’s decision last week to designate the artificial intelligence company a ” supply chain risk.”
DUBAI, United Arab Emirates (AP) – Oil prices surged and stock markets slid Monday after hard-line Ayatollah Mojtaba Khamenei was chosen to succeed his late father as Iran’s supreme leader. His appointment, and new strikes on regional oil infrastructure, signaled that Iran was digging in 10 days into the war launched by the United States and Israel.
Oil prices continued to soar on Monday as the Iran war intensified, threatening production and shipping in the Middle East and pummeling financial markets. The price for a barrel of Brent crude, the international standard, surged to as high $119.50 per barrel early in the day but later was trading above $101 per barrel, up 9%.
DUBAI, United Arab Emirates (AP) – Mojtaba Khamenei, a son of Iran’s late Supreme Leader Ayatollah Ali Khamenei who was named as his successor Sunday, had long been considered a contender to the post even before an Israeli strike killed his father and despite the fact he had never been elected or appointed to a government position.
WASHINGTON (AP) – The U.S. military said it killed six men Sunday in a strike on an alleged drug-smuggling vessel in the eastern Pacific Ocean as part of the Trump administration’s campaign against alleged traffickers. Sunday’s attack brought the death toll to at least 157 people since the Trump administration began targeting “narcoterrorists”.
JERUSALEM (AP) – New footage shows what an expert investigative group says is likely an American Tomahawk missile hitting a compound in southern Iran, meters from the school where a deadly unclaimed blast killed over 165 people at the start of the war raging in the Mideast.
Israel has struck southern Lebanon, Beirut and an oil storage facility in Tehran as the war in the Middle East keeps escalating, and Prime Minister Benjamin Netanyahu promised “many surprises” for the next phase of the conflict. Iran also hit a desalination plant in Bahrain. A U.S. airstrike damaged an Iranian desalination plant on Qeshm Island.
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