Oil crisis deepens as stockpiles drain at record pace

U.S. and Israel strike Iran while talks stall on nuclear deal

U.S. and Israeli forces struck Iranian vessels and missile sites Monday even as President Trump said diplomatic talks were proceeding nicely—the core contradiction being that both sides have agreed on nearly everything except the nuclear question. The average American household will pay about $1,500 in tariff costs this year. Google made its newest AI model the default for 900 million users worldwide, and the WHO declared the Ebola outbreak in Congo a global health emergency.

Hungary ousts Orbán after 16 years, Ebola crosses 1,000 cases

Péter Magyar's Tisza party won a landslide supermajority in Hungary's election, ending Viktor Orbán's 16-year grip on power and removing Russia's most reliable EU ally. The Ebola outbreak in the Democratic Republic of Congo has surpassed 1,000 cases and reached Uganda's capital Kampala. Also: the Senate advances a war powers resolution on Iran, Cerebras raises nearly $6 billion in the year's biggest tech IPO, and the Michael Jackson biopic breaks box office records despite poor reviews.

Iran demands Strait tolls, Ebola cases triple, Russia deploys nukes to Belarus

President Trump claims a broader Iran deal is largely negotiated, but Tehran is telling a different story—establishing a new authority to collect tolls on Strait of Hormuz passage while rebuilding its military. The Ebola outbreak in the Democratic Republic of Congo has nearly tripled to 750 suspected cases in one week and crossed into Uganda, with no vaccine available for this strain. Russia has physically delivered nuclear warheads to Belarus for the first time as the New START treaty expires.

Oil crisis deepens as stockpiles drain at record pace

Global oil reserves are depleting faster than ever recorded after the Strait of Hormuz closure, pushing Brent crude past $105 a barrel and forcing the U.S. to drain its Strategic Petroleum Reserve at record rates. The Ebola outbreak prompts an unprecedented travel ban on green card holders from affected regions. SpaceX files for its IPO at a $2 trillion valuation, with Starlink revealed as the company's main revenue engine.

Trump-Xi summit on Taiwan, AI safety order scrapped

President Trump wrapped a two-day summit in Beijing with Chinese leader Xi Jinping that produced $17 billion in annual agricultural trade commitments but left Taiwan's status deliberately unresolved. Trump also scrapped a planned executive order requiring federal AI safety reviews after Elon Musk and other tech leaders lobbied against it, citing competition with China. Plus Fed chair Kevin Warsh confirmed by the narrowest Senate vote ever, a former federal prosecutor charged with stealing a cla…