Free Republic

Diesel futures traded sharply higher Tuesday, as doubts mounted about the likely impacts of the Trump administration’s latest efforts to push prices down. U.S. diesel futures were up 5% by midday to their highest level in weeks. In Europe, diesel futures rose by about 3.8%, while gas futures spiked to levels not seen all year. A move higher in futures markets typically signals that prices will climb in the coming days. Already, the average nationwide price of diesel is up 70% since the U.S. and Israel attacked Iran on Feb. 28. The cost of unleaded gas has risen by more...

President Donald Trump said Friday that Russia will supply millions of tons of diesel to the global market under a deal he struck with President Vladimir Putin. Russia will immediately supply more than 300,000 tons of diesel, followed by 500,000 tons in November, and 1 million tons immediately thereafter, Trump said in a post on Truth Social. Moscow will then deliver another 3 million tons of diesel based on the condition of Russia’s refineries, Trump said. Diesel prices have surged around the world as Ukraine has pounded Russian refineries, forcing Moscow to ban diesel exports to the global market. Iran...

The Trump administration argues that its proposed multibillion-dollar Russian oil deal would advance American foreign policy interests and lower energy prices. But most of the ownership in the deal would go to a group of Middle Eastern investors, including some with business ties to key U.S. officials involved in the negotiations, according to people familiar with the talks. The deal, for a worldwide portfolio of oil fields, refineries and gas stations now owned by the sanctioned Russian energy giant Lukoil, has become intertwined with the U.S. talks with Russia over ending the war in Ukraine. The United States government, through...

Maybe he has a different definition of “obsessed”? It’s flimsy, but it seems like the best explanation, after Tucker Carlson rejected claims he’s “obsessed with the Jews” and Israel on the Monday episode of his podcast. But the episode seemed to instantly disprove Carlson, because the Jews and Israel came up a whole lot. How many times? 281 times, to be exact. That included 215 mentions of “Israel” and 66 mentions of “Jew” or “Jewish.” There was a lone reference to Judaism too, for good measure. The lion’s share of those mentions came from The Grayzone reporter Max Blumenthal, his...

President Trump said on Sunday that he has agreed to convert plans for a massive triumphal arch into a "top grade Military Complex," equipped with snipers and drone storage. "At the strong request of the United States Military, and for National Security purposes, I have agreed to convert the magnificent Triumphal Arch, planned since the Civil War Era many years ago, at the Receptive Circle adjoining the Arlington Memorial Bridge, into a top grade Military Complex/Triumphal Arch," Mr. Trump said in a post on Truth Social. Work on the 250-foot-tall arch was expected to begin this month, with plans to...

The contractor that renovated the Lincoln Memorial Reflecting Pool has told the Trump administration that errors in its own work and flaws in the repair plan, not vandalism, caused the pool’s new blue liner to peel and break loose, according to government documents. President Trump has repeatedly blamed vandals wielding knives or box cutters for damage to the pool’s “American flag blue” liner, even after the Justice Department dropped charges that it had brought against people accused of vandalizing the national landmark. But the documents, which have not previously been reported, make clear that the contractor, Atlantic Industrial Coatings, found...

President Donald Trump proclaimed on Tuesday that talks with Iran were not happening, a direct contradiction to his own son-in-law and top negotiator Jared Kushner, who said a day earlier that the negotiations were ongoing. “There are no talks or conversations going on, or scheduled, with the Islamic Republic of Iran,” the president posted to Truth Social on Tuesday. “The Naval Blockade remains in full force and effect. The Hormuz Strait is open and operating. All water mines have been removed or detonated. Thank you for your attention to this matter!” But Trump’s post may have been news to Kushner,...