Tag: donald trump

$580 million in oil bets placed moments before Trump’s Iran post – FT 

Oil traders placed more than half a billion dollars in bets minutes before US President Donald Trump announced “productive” talks with Iran on Monday, the Financial Times has reported.

A burst of activity followed by a sharp price drop has raised questions about possible advance knowledge among market participants.

About 6,200 Brent and WTI futures contracts changed hands between 6:49 AM and 6:50 AM in New York – a one-minute flurry worth $580 million, based on FT calculations using Bloomberg data. Volumes in both benchmarks – Brent and US West Texas Intermediate – spiked simultaneously, about 27 seconds before 6:50 AM, while S&P 500 futures surged shortly after.

The trades came roughly 15 minutes before Trump said on Truth Social there had been “productive conversations” with Tehran to end the war in Iran.

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Senate Confirms First Ever Assistant Attorney General to Investigate Fraud Nationwide

The US Senate on Tuesday confirmed the first ever Assistant Attorney General Colin McDonald to investigate fraud nationwide in a 52-47 vote.

In January, President Trump announced he nominated Colin McDonald to serve as the Assistant Attorney General for National Fraud Enforcement.

“I am pleased to nominate Colin McDonald to serve as the first ever Assistant Attorney General for National FRAUD Enforcement, a new Division at the Department of Justice, which I created to catch and stop FRAUDSTERS that have been STEALING from the American People,” Trump said.

“My Administration has uncovered Fraud schemes in States like Minnesota and California, where these thieves have stolen Hundreds of Billions of Taxpayer Dollars. Colin McDonald is a very Smart, Tough, and Highly Respected AMERICA FIRST Federal Prosecutor who has successfully delivered Justice in some of the most difficult and high stakes cases our Country has ever seen. Together, we will END THE FRAUD, and RESTORE INTEGRITY to our Federal Programs. Congratulations Colin — STOP THE SCAMS!” Trump said.

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UNHINGED: Former Minnesota Governor and WWE Fighter Jesse Ventura Goes Full Conspiracy Theorist — Implies President Trump’s Assassination Attempt Was ‘FAKE’

Former Minnesota Governor and ex-professional wrestler Jesse Ventura is now openly suggesting that President Donald Trump somehow faked the assassination attempt that nearly took his life in Butler, Pennsylvania just so he could look like a hero.

In a disgusting display of disrespect toward the victims of the Butler, Pennsylvania tragedy, Ventura appeared on Piers Morgan Uncensored to suggest that the attempted assassination of President Donald Trump was nothing more than a scripted wrestling “blade job.”

In pro wrestling, a blade job (also known as “blading,” “juicing,” or “getting color”) is the intentional act of a wrestler cutting themselves, usually on the forehead, to provoke bleeding during a match.

During the heated exchange, Morgan rightfully pushed back, noting that Trump stood up and shouted “Fight!” after being struck. Ventura’s response was pure, unadulterated derangement.

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Huh? Who On Earth Is Trump Talking To?

President Donald Trump says he has paused strikes on Iran, claiming to have had significant direct communications with Iranian figures amid the ongoing military escalation, describing the exchanges as productive, yet Israel appears to be continuing airstrikes at the same time.

Trump framed the talks as a potential path to de-escalation through verifiable compliance rather than prolonged conflict, and characterized the negotiations positively during recent comments.

“We have had very, very strong talks,” he said. “We’ll see where they lead. We have major points of agreement… They went, I would say perfectly.”

He specified the involvement of U.S. representatives. “Mr. Witkoff and Mr. Kushner had them.”

Addressing Iranian denials broadcast on Iranian state television, Trump responded, “Well, they’re going to have to get themselves better public relations people!”

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The Donald Gets a Double-Whammy

It sure looks like the Donald is on the receiving end of a double-whammy. His victory declaration in Iran looks to rank right up there with George Dubya Bush’s “mission accomplished” pratfall on the deck of a US aircraft carrier in 2003; and that also means that his SOTU boasting about defeating “Joe Biden’s” inflation and getting the gas pump price under $2 per gallon is out the window, too.

What’s back in play front and center, therefore, is the AFFORDABILITY issue come November. The Dems have no clue about how to fix it, of course, but they sure as hell will be brutally pounding the GOP candidates and the Donald with the latter’s own bogus hot air on the matter.

For want of doubt, consider the conflagration in the global oil markets at this very moment. At ground zero in the Persian Gulf, the major crude oil from the region have already shot the moon.

Thus, Oman crude prices are up to $154/barrel, crossing $150 for the first time ever. At the same time, Dubai crude is up to $130/barrel, while Brent is trading at $110.

This means, in turn, that the gap between Oman and world prices is off-the-charts wide, and now stands at 30% or $44 per barrel. By comparison, before the Iran War, the difference between all benchmarks was just $5 per barrel during January and February.

In very short-run, of course, Brent and WTI are priced based on US and European supply conditions, while the actual disruption is concentrated in the Middle East, meaning they do not fully capture the severity of the physical shortage. YET.

On the other hand, global crude oil markets everywhere and always eventually get arbitraged, causing the major marker grades to fully reflect worldwide supply, demand and inventory conditions. So unless the Gulf is re-opened within a matter of days, the marker grades will soon rise toward these Gulf prices as global inventories continue to be liquidated.

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Trump Admin Strikes Deal With Energy Firm to Nix Offshore Wind Plans

A global energy corporation based in France has ceded leases off North Carolina and New York, where it planned to spend nearly $1 billion to build offshore wind turbines, back to the U.S. Department of the Interior and will instead redirect that investment into natural gas projects in Texas.

The “landmark agreement” was jointly announced by the department and TotalEnergies in Washington on March 23 and confirmed by Interior Secretary Doug Burgum and TotalEnergies CEO Patrick Pouyanné during a press conference at the 44th annual CERAWeek by S&P Global conference at the Hilton Americas-Houston.

Burgum said much of TotalEnergies’ offshore wind investments were tied to Biden-era “green energy” subsidies rather than direct power generation, forcing U.S. taxpayers “to pay for energy sources twice.”

“They were paying for it in terms of high utility bills, but they were all paying for it in terms of the taxpayer subsidies,” he said.

Under the agreement, the department will reimburse TotalEnergies “dollar for dollar” for the $928 million it spent on securing the leases, much of that placed in bonds required to develop federal lands, in exchange for the company agreeing to reinvest that money into a Texas LNG project it was already developing.

The vacated offshore leases were acquired in 2022. They are in the Carolina Long Bay area off North Carolina and in the New York Bight off Long Island.

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Iran threatens to ‘completely’ close Strait of Hormuz and hit power plants after Trump ultimatum

 The United States and Iran threatened to target critical infrastructure Sunday as the war in the Middle East, now in its fourth week, puts lives and livelihoods at risk throughout the region.

Iran said the Strait of Hormuz, crucial to oil and other exports, would be “completely closed” immediately if the U.S. follows up on President Donald Trump’s threat to attack its power plants. Trump late Saturday set a 48-hour deadline to open the strait.

Israeli leaders visited one of two southern communities near a secretive nuclear research site struck by Iranian missiles late Saturday, with scores of people wounded. Prime Minister Benjamin Netanyahu said it was a “miracle” no one was killed.

Netanyahu claimed Israel and the U.S. were well on their way to achieving their war goals. The aims have ranged from weakening Iran’s nuclear program, missile program and support for armed proxies to enabling the Iranian people to overthrow the theocracy.

There has been no sign of an uprising, nor of an end to the fighting that has shaken the global economy, sent oil prices surging and endangered some of the world’s busiest air corridors. The war, which the U.S. and Israel launched Feb. 28, has killed over 2,000 people.

The Iranian-backed Hezbollah claimed responsibility for an airstrike that killed a man in northern Israel, while Lebanese President Joseph Aoun called Israel’s new targeting of bridges in the south “a prelude to a ground invasion.”

“More weeks of fighting against Iran and Hezbollah are expected for us,” said Israeli military spokesperson Brig. Gen. Effie Defrin.

Meanwhile, Kuwait and the United Arab Emirates said early Monday their air defenses were dealing with missile and drone attacks as air raid sirens sounded in Bahrain.

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War Becomes Spectacle in Trump’s Horrific Propaganda Promoting War in Iran

During his presidential campaign, Donald Trump promised to be an antiwar candidate, boasting that, unlike his predecessors, he would end endless wars and keep the United States out of new military conflicts. Yet the trajectory of his presidency has unfolded in the opposite direction. From expanding military confrontations in the Caribbean to the escalating war with Iran, launched through large-scale strikes that risk igniting a wider regional catastrophe, Trump’s rule has increasingly relied on the language and machinery of war. As Zachary Basu points out in Axios, “he has attacked seven nations [and] authorized more individual air strikes in 2025 than President Biden did in four years.”

What makes this moment particularly disturbing is not only the violence itself, but also the way it is staged and celebrated. As the conflict with Iran intensified, the White House circulated promotional videos that fused real footage of bombing raids with visuals drawn from video games and action films, transforming acts of destruction into a spectacle of national triumph. In such images, war appears not as tragedy or political catastrophe but as thrilling display, inviting viewers to admire the technological performance of power while remaining detached from the human suffering it produces. These spectacles are more than crude propaganda. They reveal a deeper shift in political culture in which violence is aestheticized, cruelty normalized, and militarism staged as entertainment, training the public to experience domination not as a catastrophe but as an exhilarating display of power.

We live in an age of monsters. More than two centuries ago, Francisco Goya captured such a moment in his haunting 1799 etching, “The Sleep of Reason Produces Monsters,” an image that now reads less like a relic of the Enlightenment than a prophecy of our own time. The Italian political thinker Antonio Gramsci described moments like this as periods of historical crisis, writing that “the crisis consists precisely in the fact that the old is dying and the new cannot be born; in this interregnum a great variety of morbid symptoms appear.” Our present moment bears all the marks of such an interregnum.

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Trump is strategizing means to seize Iran’s nuclear stockpiles, sources say

The Trump administration has been strategizing methods and options to secure or extract Iran’s nuclear materials, according to multiple people briefed on the discussions, as a U.S.-Israel-led military campaign against Tehran enters a more uncertain phase. 

The timing of any such an operation — if President Trump were to order it — remained unclear Friday night. One source said he has made no decision yet. 

But planning has centered on the possible deployment of forces from the secretive Joint Special Operations Command, the elite military unit often tasked with the most sensitive counter-proliferation missions, two of the sources told CBS News. 

A White House spokeswoman said it’s the Pentagon’s job to make preparations.

A spokesperson for the Pentagon didn’t immediately comment. 

Mr. Trump in a Truth Social post Friday evening said: “We are getting very close to meeting our objectives as we consider winding down our great Military efforts in the Middle East with respect to the Terrorist Regime of Iran.”

The private deliberations on the nuclear material come amid an evolving conflict that in its opening focused on degrading Iran’s conventional military capabilities — including air defenses, missile systems and key infrastructure tied to the Islamic Revolutionary Guard Corps. 

That initial wave of strikes carried out by U.S. and Israeli forces was intended to blunt Iran’s ability to retaliate across the region. However, despite the onslaught from the air, Iran has been able to counterstrike on Israel and U.S.-allied countries in the Gulf region, and has halted most oil shipments by threatening ships. 

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White House AI Framework Pushes Age Verification ID Mandate

The White House has published a National AI Legislative Framework, a set of recommendations to Congress intended to govern artificial intelligence with a single uniform standard rather than, as the document puts it, “a patchwork of conflicting state laws.”

The administration wants federal law to preempt the states. That part is straightforward. What the framework actually proposes is less straightforward.

Alongside a genuine free speech provision, the document contains age verification mandates, chat surveillance requirements, national security carve-outs that would tighten the relationship between AI companies and federal intelligence agencies, and an expansion of the TAKE IT DOWN Act, a law that we have already flagged for lacking adequate safeguards against censorship.

The White House is presenting all of this as part of the same coherent package.

Start with the child protection section: Congress should establish “commercially reasonable, privacy protective, age-assurance requirements (such as parental attestation) for AI platforms and services likely to be accessed by minors.” Age verification on AI platforms. The framework calls these requirements “privacy protective.”  They are not.

There is no version of meaningful age verification that doesn’t require collecting sensitive personal data, and there is no version of collecting sensitive personal data at scale that isn’t a breach waiting to happen.

The only tools platforms have are identity-based checks, government IDs, biometric scans, credit card data, and third-party verification services, or biometric estimation.

The only way to prove that someone is old enough to use a site is to collect personal data about who they are.

In October 2025, Discord identified 70,000 users globally who potentially had their photo IDs exposed to hackers.

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