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Oil prices fall after Israel agrees to Iran ceasefire | BBC News
Oil prices tumbled by nearly 5% on Tuesday after Israel agreed to a ceasefire with Iran after nearly two weeks of conflict.
Brent crude, the international benchmark for oil prices, initially fell to $68 a barrel though it then recovered some ground after Iran and Israel accused each other of violating the ceasefire within hours.
Prices had spiked in recent days as concerns grew that Tehran could disrupt global supplies by blockading the Strait of Hormuz, a key shipping route for oil and gas.
Stock markets in the US, the UK and Europe rose and held steady after US President Donald Trump told Israel on social media not to drop bombs after it accused Iran of breaching the ceasefire.
Just hours earlier, Trump had declared the ceasefire was “now in effect”, after which Israel confirmed that it had agreed to the move.
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President Trump has attacked critics of his potential deal with Iran as ‘losers,’ while Iranian officials have played down the …
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The record for the hottest May temperature in the UK has been broken for the second day in a row, with 35C recorded at Heathrow …
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The US said it launched new strikes on southern Iran on Monday, targeting Iranian missile sites and boats attempting to place …
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Donald Trump is exerting his grip on the Republican party ahead of this year’s midterm elections, analysts say. This week, with the help of an endorsement from the president, Texas Attorney General Ken Paxton easily defeated Senator John Cornyn in a primary vote, to decide who will represent the GOP in November.
President Trump has campaigned against at least three Republican incumbents, including Kentucky Congressman Thomas Massie and Louisiana Senator Bill Cassidy – both of whom also lost their primaries.
Our Washington correspondent Daniel Bush tells us that President Trump uses his endorsements to reward loyalty and punish dissent. But how could that strategy affect the party’s chances against the Democrats in the 2026 midterms – and beyond?
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#BBCNews #trump #uspolitics #politics #midterms2026 #midterms
00:00 Introduction
00:34 Trump’s endorsement in Texas
02:23 Kentucky and Louisiana primaries
03:44 Trump’s low approval ratings
04:23 “Bad for the Republicans in November”
04:58 Is Trump worried about losing centrist voters?
06:14 Is Trump finished remaking the party in his image?
07:09 Trump’s future influence
07:54 Has the Republican party changed forever?
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Patients and bereaved families say they are disappointed by delays to setting up a public inquiry into the Tees, Esk and Wear …
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