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The spot price for current physical cargoes of Brent crude oil soared Thursday to $141.36, the highest level since the 2008 financial crisis, according to S&P Global, which tracks the data.

President Donald Trump on Wednesday said it's "not possible" for the federal government to fund Medicare, Medicaid and child care costs, arguing that it should be up to the states to "take care" of those programs while the federal government focuses on military spending.

White House officials have privately discussed their concerns about recent internal and public polling on the economy and President Trump and have been trying to drum up new strategies to prevent GOP losses in the midterm elections, sources briefed on the conversations told CBS News. Senior aides, including chief of staff Susie Wiles and deputy chief of staff James Blair, regularly brief the president on the latest polling on voter sentiment. A central focus is the dissatisfaction of independent voters, whose economic angst has risen since the president's tariffs triggered global economic uncertainty and gas prices began to spike as...

According to Moody’s Analytics, the likelihood of a recession within the next 12 months was already sitting at 49% before the escalation of the Iran conflict. With oil prices now surging and economic data weakening, that probability is expected to move above 50%. For investors, that shift matters. Once recession odds cross that threshold, markets tend to reprice risk quickly and often aggressively.A Fragile Economy Meets an Energy ShockMoody’s Analytics chief economist Mark Zandi pointed to a combination of weakening economic data and rising energy costs as the main drivers behind the rising recession risk.“Behind the recent jump are primarily...

Washington — Pentagon officials have made detailed preparations for deploying U.S. ground forces into Iran, multiple sources briefed on the discussions told CBS News. Senior military commanders have submitted specific requests aimed at preparing for such an option as President Trump weighs moves in the U.S.-Israel-led conflict with Iran, the sources said. Mr. Trump has been deliberating whether to position ground forces in the region, sources said on condition of anonymity because they were not authorized to speak publicly. It was unclear under what circumstances he would authorize the use of troops on the ground."No, I'm not putting troops anywhere,"...

President Donald Trump's approval rating has sunk to the lowest ever, with voters expressing displeasure with the war with Iran and the cost of living. A new Daily Mail/JL Partners poll found that Trump's approval rating has slipped to 42 percent.That's down from the 44 percent approval he received on March 3, just days into the Iran conflict. Trump held a 48 percent approval rating as recently as late January. Trump's performance in the Middle East is partially driving the disappointment. Twenty-eight percent of respondents cited the war as the top reason they disapprove of the job the President is...

Republican candidate for governor in Ohio, Vivek Ramaswamy, trails Democrat Amy Acton by 10 points, a new poll from EMC Research, Inc., shows on Thursday. Newsweek reached out to political analysts via email for comment. Why It Matters Ohio has not elected a Democratic governor since 2006. Ramaswamy, a wealthy entrepreneur and former presidential candidate, comes with name recognition while Acton, a physician and former state health director, shows solid numbers with key groups in recent surveys. Ramaswamy, a supporter of President Donald Trump, was tapped to co-lead the Department of Government Efficiency alongside Elon Musk in Trump's second term....

President Trump on Friday said he knows the U.S. military operation in Iran will come to an end when he can “feel it in my bones,” a remark that comes almost two weeks after joint U.S. and Israeli strikes on the Middle Eastern country began. Trump spoke with Fox News host Brian Kilmeade on his podcast “The Brian Kilmeade Show” and told him, “When it’s over –– and I don’t think it’s going to be long –– when it’s over, this is going to bounce back so fast.” “When are you going to know when it’s over?” Kilmeade asked. “When...

President Trump said Thursday that there is an upside to rising oil prices as a result of the war against Iran — the U.S. will make money as a major producer. Mr. Trump, posting on Truth Social, was responding to oil prices that flirted with $100 per barrel as Tehran clamped down on tanker traffic through the Strait of Hormuz, where about 20% of the world’s oil supply transits. “The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money,” Mr. Trump posted. Mr. Trump weighed...

President Trump said Thursday there is an upside to rising oil prices as a result of the war against Iran — the U.S. will make money as a major producer. Mr. Trump, posting on Truth Social, was responding to oil prices that flirted with $100 per barrel as Tehran clamped down on tanker traffic through the Strait of Hormuz, where about 20% of the world’s oil supply transits. “The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money,” Mr. Trump posted. Mr. Trump’s post on...

Iraqi channels are now reporting that “multiple tankers” are burning in the Persian Gulf off the coast of Basra

President Trump said Sunday that increasing prices of oil are “a very small price to pay” for “safety and peace” amid the U.S. conflict with Iran. “Short term oil prices, which will drop rapidly when the destruction of the Iran nuclear threat is over, is a very small price to pay for U.S.A., and World, Safety and Peace,” Trump said in a Sunday evening Truth Social post. “ONLY FOOLS WOULD THINK DIFFERENTLY!” he added. The U.S. conflict in Iran caused a recent surge in domestic oil and gas prices, with the U.S. national average for a gallon of regular gasoline...

Last | 6:25 PM EDT $108.17 up+$17.27 (+19.00%)

President Trump has said that there will be no deal with Iran “except unconditional surrender” in his latest post on social media. “After that, and the selection of a GREAT & ACCEPTABLE Leader(s), we, and many of our wonderful and very brave allies and partners, will work tirelessly to bring Iran back from the brink of destruction, making it economically bigger, better, and stronger than ever before,” wrote the US president. “IRAN WILL HAVE A GREAT FUTURE. MAKE IRAN GREAT AGAIN (MIGA!).”

🚨 MAJOR BREAKING: President Trump has named Sen. Markwayne Mullin as the next U.S. Secretary of Homeland Security Kristi Noem is out.https://x.com/nicksortor/status/2029629285720314087

WASHINGTON — Delivering a major blow to President Donald Trump, the Supreme Court on Friday ruled that he exceeded his authority when imposing sweeping tariffs using a law reserved for a national emergency.

"the key to Trump winning Congress again, which he will, I think this year" is that "the Democratic Party is becoming unelectable."

With only nine months until the midterm elections, Democrats will scrutinize every move President Donald Trump takes as they fight to reclaim control of the House and the Senate. Victor Davis Hanson lays out the narrow road ahead to victory for Trump and the GOP during the 2026 midterm elections. History is not on the incumbent’s side. Messaging mistakes and unforced errors could shift key voters and hand Congress back to Democrats. Hanson explains what it will take to hold a Republican majority—and why the stakes for these midterm elections could not be higher—on today’s episode of “Victor Davis Hanson:...

President Donald Trump wrote in Truth Social posts that there will be voter identification requirements for the 2026 midterm elections whether Congress approves them or not, explaining that he intends to present legal arguments in the form of an Executive Order.In a Friday post on Truth Social, Trump stated:“The Democrats refuse to vote for Voter I.D., or Citizenship. The reason is very simple — They want to continue to cheat in Elections. This was not what our Founders desired. I have searched the depths of Legal Arguments not yet articulated or vetted on this subject, and will be presenting an...

Border czar Tom Homan on Thursday said President Donald Trump has agreed with his proposal to conclude a federal immigration enforcement surge in Minnesota.