Bank

European energy companies are capitalizing on profits from the closure of the Strait of Hormuz, triggered by President Donald Trump's war on Iran, while American oil producers report declining earnings.

Shell reported first-quarter adjusted earnings of $6.92 billion, up 24 percent, with CEO Wael Sawan attributing the surge to an "unprecedented disruption in global energy markets," with oil prices exceeding $126 per barrel, The New York Times reports.

Newly revealed transcripts of grand jury proceedings in the Georgia criminal election case against President Donald Trump and his allies paint a picture of Rudy Giuliani as confused, rambling and frequently evasive.

In the transcript of Giuliani's interview, which goes on for 127 pages, the former New York City mayor and MAGA ally kicked off by struggling to remember how old he is.

President Donald Trump got yet another body blow to his trade agenda on Thursday, as a pair of federal judges ruled his 10 percent global tariff illegal.

"In a split ruling, the Court of International Trade found that Mr. Trump had wrongly invoked a decades-old trade law when he applied those duties in February, almost immediately after his last set of punishing tariffs was struck down by the Supreme Court," reported The New York Times.

A classified CIA memo reveals Iran maintains a substantially stronger military and economic position than President Donald Trump has publicly acknowledged.

According to a Washington Post report, the intelligence assessment found Iran can withstand the U.S. naval blockade for three to four months — longer than the White House suggested.

Federal judges in Rhode Island have appointed a special counsel to investigate a Justice Department lawyer, local U.S. Attorney civil division head Kevin Bolan, for lying to, and subsequently about, a judge in that district.

This follows extensive reporting that the administration withheld critical information about a potentially dangerous immigration detainee, to trick that judge into releasing him from custody — all so the Trump administration could attack the judge for it.

Columnist Mona Charen argues President Donald Trump's pattern of corruption and self-dealing, long overlooked by the American public, may finally be catching up to him due to deteriorating economic conditions.

Writing for The Bulwark on Thursday, Charen examines Trump's $10 billion lawsuit against the IRS over a tax return leak, calling it a "gargantuan shakedown" with a claim amount exceeding two-thirds of the IRS's annual budget.

A Catholic cardinal who appears frequently on Fox News condemned President Donald Trump's repeated attacks on Pope Leo.

After Secretary of State Marco Rubio met with the pope this week, Cardinal Timothy Dolan spoke out against the U.S. president's claim that the Catholic leader was "weak on crime" because he opposed wars like the conflict in Iran.

Former Trumpworld attorney Lin Wood's bizarre rantings were revealed in newly-released transcripts of grand jury testimony for President Donald Trump's criminal election racketeering case in Georgia.

Wood, who gave up his law license in the face of disbarment threats after his own role in the plot to overturn the 2020 presidential election, has engaged in behavior that has even alienated most of Trump's other allies. He has unsuccessfully sued fellow lawyers for being "Deep State extortionists," called COVID-19 distancing measures a "Satanic ritual," and more recently claimed the late right-wing youth activist Charlie Kirk was a covert operative against Trump.