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Shasta County voters had approved a ballot measure that would have heavily restricted voting by mail and imposed photo ID requirements. State officials said the new rules were illegal.
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Crude oil prices fell over 4% to their lowest levels in over three months Sunday after the U.S. and Iran agreed to a ceasefire extension that could lead to the reopening of the Strait of Hormuz. Why it matters: Severe restrictions on oil traffic through the strait since the conflict began in late February have created an unprecedented energy shock that's a drag on the global economy. - The oil price spike caused U.S. gasoline prices to soar to their highest levels since 2022, adding to GOP political peril ahead of the midterm elections. The latest: The global benchmark Brent crude is down 3.6% to $84.21 per barrel. It initially fell even more steeply before reversing some of the decline. - WTI, the U.S. reference, is down over 4% to…
In a call to The New York Times, President Trump praised Russia and China’s leaders and described Israel’s prime minister as “a very difficult guy.”
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President Trump said the U.S. would remove its blockade of the Strait of Hormuz.
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Oil prices fell and stocks gained on Sunday evening on the hope that a deal would allow more energy and other goods to flow through the Strait of Hormuz.
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