PBS NewsHour

Trump says he is reviewing new Iranian proposal to end war

WEST PALM BEACH, Fla. (AP) — President Donald Trump said on Saturday that he was reviewing a new Iranian proposal to end the war. "I'll let you know about it later," he said before boarding Air Force One, adding that "they're going to give me the exact wording now." Two semiofficial Iranian outlets, Tasnim and Fars, believed to be close to Iran's paramilitary Revolutionary Guard, said Iran has sent a 14-point proposal via Pakistan in response to a nine-point U.S. proposal. WATCH: Trump rejects Iran's latest proposal as he reviews new military options to relaunch war Trump rejected a previous Iranian proposal this week. However, conversations have continued, and the three-week ceasefire appears to be holding. The U.S. president also has floated a new plan to reopen the Strait of Hormuz at the mouth of the Persian Gulf, where about a fifth of the world's trade in oil and natural gas typically passes. Iranian activist imprisoned The health of imprisoned Iranian rights lawyer Narges Mohammadi was at "very high risk," her foundation and family said Saturday, adding that Iran's Intelligence Ministry was opposing her transfer to Tehran for treatment by her own doctors. Mohammadi, a Nobel Peace Prize laureate in

State redistricting battles intensify following U.S. Supreme Court ruling on Voting Rights Act

A Supreme Court decision striking down a majority Black congressional district in Louisiana has amplified an already intense national redistricting battle by providing Republican officials in several states new grounds to redraw voting districts. In Alabama, Republican Gov. Kay Ivey announced Friday that she is calling a special legislative session to begin Monday in hopes that the Supreme Court allows the state to change its U.S. House map ahead of the November midterm elections. In Tennessee, Republican Gov. Bill Lee also announced a special session for the GOP-controlled Legislature to break up the state's one Democratic-held House district, centered on the majority-Black city of Memphis. WATCH: How the Supreme Court's Louisiana districting decision weakens the Voting Rights Act Louisiana already has suspended its May 16 congressional primary to allow time for lawmakers to approve new U.S. House districts, though that is being challenged in court. Meanwhile, President Donald Trump is pressuring other states such as Tennessee to also redistrict ahead of the midterm elections that will determine whether Republicans maintain control of the closely divided House. Trump urged Texas Republicans last year to redraw U.S. House districts to give the party an advantage. Democrats in California responded by doing the

After Spirit Airlines shutdown, how passengers can get home and get refunds

SEATTLE (AP) — The collapse of the U.S.-based Spirit Airlines may mark the end of an era for travelers with a certain financial sensibility. But if you've been snagged in their now-defunct flight schedule, here are some things to know on how to get home, and get whole. READ MORE: Spirit Airlines goes out of business after 34 years, ceases operations immediately "Rescue fares," reduced prices for new flights Many airlines that used to compete with Spirit are now parachuting in with deals to save their travelers. Airlines including American Airlines, United Airlines, Delta Air Lines, JetBlue Airways, Frontier Airlines and Southwest Airlines are capping or reducing ticket prices for people to book new flights. There is a limited window for this deal, which prioritizes now-stranded travelers who need to find a new way to their next destination. For example, Southwest's offer is only available in person at an airport ticket counter through Wednesday, May 6, according to industry trade group, Airlines for America and the U.S. Department of Transportation. United, meanwhile, is allowing such bookings for up to two weeks, which can be accessed online. READ MORE: Trump says a 'final proposal' to rescue Spirit Airlines is under consideration

Expensive tickets for early World Cup games still on general sale

MANCHESTER, England (AP) — Tickets for most of the World Cup group games remain on general sale with just over a month to go until the tournament kicks off on June 11. But prices are exorbitantly high, topping out at $4,105 for the United States' opening game against Paraguay in Los Angeles, and many costing around $2,000. Tickets are still available on FIFA's official website through its "last-minute sales" section after batches had been released through various phases since September. WATCH: What it takes to create the perfect pitch for the World Cup The cheapest tickets currently are $380 for seven different games, including World Cup debutant Curacao vs. Ivory Coast in Philadelphia. Prices vary dependent on the category of ticket, with Front Category 1 the most expensive and Category 4 the cheapest. Yet a Category 3 ticket for USA vs. Paraguay is listed at $1,120 compared to a Category 2 ticket for Austria vs Jordan, which is $380. Prices are also subject to change as FIFA adopts dynamic pricing for the first time at the World Cup. FIFA President Gianni Infantino said in January the demand for tickets for this year's tournament in the U.S., Canada and Mexico was

What to know about a mifepristone maker asking the Supreme Court to restore access to the pill by mail

A maker of the widely used abortion pill mifepristone asked the Supreme Court on Saturday to block an appellate court ruling that cut off mail-order access to the drug just a day earlier, in what was the biggest jolt to abortion policy in the U.S. since the overturning of Roe v. Wade. Danco Laboratories, which is also a defendant in the lawsuit in question, asked to block the New Orleans-based 5th U.S. Circuit Court of Appeals decision while appeals are pending, saying the appellate ruling "injects immediate confusion and upheaval into highly time-sensitive medical decisions." READ MORE: Court restricts abortion access across U.S. by blocking the mailing of mifepristone The appeals court's unanimous ruling Friday marked a substantial victory for abortion opponents seeking to stem the flow of abortion pills prescribed online, which they view as subverting state bans. It requires that mifepristone be distributed only in person and at clinics, overruling regulations set by the federal Food and Drug Administration. "We're now going to see, I think in a way we haven't before, what the nation will look like when abortion bans are actually in effect," said Mary Ziegler, an expert on abortion law and a professor at University

U.S. to withdraw 5,000 troops from Germany in next 6 to12 months

WASHINGTON (AP) — The United States will withdraw about 5,000 troops from Germany in the next six to 12 months, the Pentagon said Friday, fulfilling President Donald Trump's threat as he clashes with the German leader over the U.S. war with Iran. Trump had threatened to withdraw some troops from the NATO ally earlier this week after Chancellor Friedrich Merz said the U.S. was being "humiliated" by the Iranian leadership and criticized Washington's lack of strategy in the war. Pentagon spokesman Sean Parnell said in a statement that the "decision follows a thorough review of the Department's force posture in Europe and is in recognition of theater requirements and conditions on the ground." READ MORE: U.S. 'is being humiliated' by the Iranian leadership, Germany's Merz says Germany hosts several U.S. military facilities, including the headquarters of its European and Africa commands, Ramstein Air Base and a medical center in Landstuhl, where casualties from the wars in Afghanistan and Iraq were treated. U.S. nuclear missiles are also stationed in the country. The number of troops leaving Germany would be 14% of the 36,000 American service members stationed there. German Defense Minister Boris Pistorius called it "foreseeable" that the U.S. would withdraw

Trump rejects Iran's latest proposal as he reviews new military options to relaunch war

It has been 60 days since the Iran war began, which means Friday is a legal deadline for the Trump administration to seek congressional authorization. But the White House informed Congress that it didn’t need approval because the war had been “terminated” during the current ceasefire. Nick Schifrin joins Amna Nawaz with the latest developments.Notice: Transcripts are machine and human generated and lightly edited for accuracy. They may contain errors. Geoff Bennett: Iran today submitted a new proposal to the U.S. aimed at breaking a diplomatic deadlock, but President Trump rejected it and said he's reviewing new military options to relaunch the war. Amna Nawaz: It's been 60 days since the war began, which means today is a legal deadline for the administration to seek congressional authorization. But the White House informed Congress it didn't need to get its approval because the war had been -- quote -- "terminated" during the current cease-fire.Nick Schifrin is here. He's been following all of this.So, Nick, tell us more about what the president said today. Nick Schifrin: Amna, the president not only rejected Iran's new proposal. He expressed a deep skepticism that Iran could ever submit a proposal that would satisfy him. President

New video of Correspondents' Dinner shooting raises questions about presidential security

The Justice Department has released video showing the moment an armed man stormed past security at the White House Correspondents’ Dinner. The incident is raising serious questions about security surrounding the president at high-profile public events. Geoff Bennett speaks with Juliette Kayyem of the Homeland Security Project at the Harvard Kennedy School to learn more.Notice: Transcripts are machine and human generated and lightly edited for accuracy. They may contain errors. Geoff Bennett: The Justice Department released high resolution video showing the moment an armed man stormed past security at the White House Correspondents' Dinner.The incident is raising serious questions about the security posture surrounding the president at high-profile public events.We're joined now by Juliette Kayyem of the Homeland Security Project at Harvard's Kennedy School. She previously served as assistant DHS secretary in the Obama administration.Juliette, it's great to see you.So, look, there are lots of questions, as you know, about the shot that struck the U.S. Secret Service agent. The U.S. attorney for the District of Columbia, Jeanine Pirro, says there's no evidence of friendly fire.But the video, this single video, is not definitive. What does this footage show us and what does it not show us? Juliette Kayyem, Former

News Wrap: Trump announces 25% tariffs on cars and trucks from the EU

In our news wrap Friday, Trump says he’s raising tariffs next week on cars and trucks from the EU, the Pentagon says it has made deals with seven major tech companies to use their AI tools, a former Miami congressman with ties to Rubio was convicted of secretly lobbying for Venezuela, and events have been taking place around the world to mark May Day, also known as International Workers’ Day.Notice: Transcripts are machine and human generated and lightly edited for accuracy. They may contain errors. Amna Nawaz: President Trump says he's raising tariffs next week to 25 percent on cars and trucks from the European Union, accusing the E.U. of not complying with their trade deal.The new levies come at a time when the global economy is already reeling from the Iran war. Speaking to reporters at the White House, Mr. Trump didn't elaborate on how he'd hike the tariffs or why he chose to do so now. President Donald Trump: We raised the tariffs because they were not -- as usual, they were not adhering to the agreement that we have. We have a trade deal with the European Union. They were not adhering to it. Amna Nawaz: Mr.

Which states to watch as the battle for Senate control heats up ahead of 2026 midterms

A total of 35 Senate seats will be on the ballot this November, with only 11 rated as remotely competitive by the Cook Political Report with Amy Walter. Republicans are on defense in more of those seats than Democrats, but Democrats need a longshot sweep to take control of the chamber. Lisa Desjardins speaks with Jessica Taylor, senate and governors editor at the Cook Political Report, for more.Notice: Transcripts are machine and human generated and lightly edited for accuracy. They may contain errors. Geoff Bennett: Much of the focus this midterm season has been on the fight for the U.S. House, with redistricting battles dominating the headlines. But this week also brought new developments in the race for the U.S. Senate.Our congressional correspondent, Lisa Desjardins, has more. Lisa Desjardins: The Upper Chamber with direct power over Supreme Court and other nominations is increasingly in the 2026 conversation. A total of 35 Senate seats will be on the ballot, but just 11 are rated as remotely competitive by The Cook Political Report With Amy Walter.Republicans in red are on defense in more of those seats than Democrats, but Democrats need a long shot sweep, a net gain of four seats to

Brooks and Capehart on fallout from the White House Correspondents' Dinner shooting

David Brooks of The Atlantic and Jonathan Capehart of MS NOW join Amna Nawaz to discuss the week in politics, including fallout from the third alleged assassination attempt on Trump, another indictment of a former FBI director and a consequential Supreme Court ruling.Notice: Transcripts are machine and human generated and lightly edited for accuracy. They may contain errors. Amna Nawaz: Fallout from the third alleged assassination attempt of President Trump, another indictment of a former FBI director, and a consequential Supreme Court ruling made it a busy week in politics.To discuss that all, we turn now to the analysis of Brooks and Capehart. That is "The Atlantic"'s David Brooks and Jonathan Capehart of MS NOW.Great to see you both. Jonathan Capehart: Hey, Amna. David Brooks: Good to see you. Amna Nawaz: Let's start with the White House Correspondents' Dinner because we know a lot more now than we did a week ago, when it first happened. We know about the suspect, his alleged plans. We have seen the video examined from multiple angles.We have also seen conspiracy theories abound that it was a staged event to distract from President Trump's low approval ratings or help him to fuel this argument

Palestinian and Israeli writers reflect on bridging divides in 'The Future is Peace'

The Oct. 7 terrorist attack in Israel, and the war in Gaza that followed, have left countless families grappling with profound loss. Two men, one Israeli, the other Palestinian, tell the story of their unexpected journey toward understanding and reconciliation in a new book, “The Future is Peace.” Ali Rogin speaks with them to learn more.Notice: Transcripts are machine and human generated and lightly edited for accuracy. They may contain errors. Geoff Bennett: The October 7 terrorist attack in Israel and the war in Gaza that followed have left countless families grappling with profound loss.For many others, the grief stretches back even further, tied to years of violence that predate this latest chapter. For two men, one Israeli, the other Palestinian, the killing of loved ones by those seen as enemies could have deepened the divide. Instead, it set them on an unexpected path toward understanding and reconciliation.They tell that story in their new book, "The Future Is Peace."Our Ali Rogin recently spoke with them. Ali Rogin: Aziz Abu Sarah, Maoz Inon, thank you so much for being here with me.This book documents your literal and figurative journey together. How did you start down this path? Maoz Inon, Co-Author: The

New PBS series explores the often-overlooked history of American Muslims

Starting this weekend, a new series on PBS dives into the early history of Muslims in the United States. The six-part documentary, “American Muslims: A History Revealed,” looks at notable figures and communities spanning more than 200 years. Geoff Bennett speaks with Asma Khalid of the BBC, one of the series’ three hosts, for more.Notice: Transcripts are machine and human generated and lightly edited for accuracy. They may contain errors. Geoff Bennett: Starting this weekend, a new series on PBS dives into the early history of Muslims in the U.S., looking at notable figures, communities, and spanning more than 200 years uncovering stories that few people have heard. Man: There's never been an America without Muslims. Woman: I'm one of three journalists following the trail. Man: Each of us exploring a defining moment in American history. Woman: Tracing a legacy that's coming back into view. Man: That's Jefferson's initial. Man: There was one of the founding fathers imagining Muslim Americans. Woman: A completely new nation that included more than just Christians. Geoff Bennett: It's a six-part documentary called "American Muslims: A History Revealed." It launches this weekend on PBS stations across the country and on the PBS app.Asma Khalid of

Court restricts abortion access across U.S. by blocking the mailing of mifepristone

Health May 1, 2026 6:17 PM EDT NEW ORLEANS (AP) — A federal appeals court has restricted access to one of the most common means of abortion in the U.S. by blocking mailing of prescriptions of mifepristone. A panel of the New Orleans-based 5th U.S. Circuit Court of Appeals is requiring that the abortion pill be distributed only in-person at clinics. READ MORE: What to know about state proposals to ban abortion pills and punish women who seek to end pregnancies "Every abortion facilitated by FDA's action cancels Louisiana's ban on medical abortions and undermines its policy that 'every unborn child is human being from the moment of conception and is, therefore, a legal person,'" the ruling states. Grow your mind Subscribe to our Science Newsletter to explore the wide worlds of science, health and technology. Since the Supreme Court's 2022 ruling that overturned Roe v. Wade and allowed enforcement of abortion bans, prescriptions by mail has become a major way that abortions are provided — including to states where bans are in place. WATCH: Access to mifepristone remains unchanged as Supreme Court rejects abortion pill challenge "This is going to affect patients' access to abortion and miscarriage care in

Trump says a 'final proposal' to rescue Spirit Airlines is under consideration

Economy May 1, 2026 5:11 PM EDT WASHINGTON (AP) — President Donald Trump said Friday his administration is still weighing a taxpayer-funded takeover of Spirit Airlines, with talks ongoing and no final decision yet on whether to move forward with a potential bailout. Speaking to reporters before departing the White House for Florida, Trump emphasized that a deal to rescue the financially strapped airline remained under review. The president did not provide details but said an announcement could come as soon as later Friday or Saturday. WATCH: Rising fuel costs put budget airlines under pressure as Spirit faces bankruptcy "We're looking at it. If we could do it, we'll do it. But only if it's a good deal," Trump said. Educate your inbox Subscribe to Here’s the Deal, our politics newsletter for analysis you won’t find anywhere else. The possibility of a bailout first emerged publicly last week, when Trump floated the idea of the U.S. government offering Spirit a financial lifeline to help keep the airline from going bust and out of business. The president suggested the government would be able to resell the airline known for its bright yellow planes and "no frills" service for a profit once

Pope Leo names priest who criticized Trump's immigration crackdown as West Virginia bishop

CHARLESTON, W.Va. (AP) — The next bishop for West Virginia Catholics will be an El Salvador-born advocate for immigrants who has opposed U.S. President Donald Trump's immigration crackdown policies. Pope Leo XIV announced Friday the appointment of the Most Rev. Evelio Menjivar-Ayala, an auxiliary bishop in Washington, D.C., as the new leader of the Diocese of Wheeling-Charleston, which comprises West Virginia, one of the nation's least racially diverse states. READ MORE: Pope Leo XIV prays with Archbishop of Canterbury Sarah Mullally in historic encounter Menjivar-Ayala, 55, fled El Salvador's civil war as a teen in the late 1980s, eventually crossing illegally into the United States in 1990, he told The Associated Press in an interview last year. But within "a couple of weeks" he gained humanitarian protection, later was granted a visa as a religious worker, and became a U.S. citizen two decades ago. Nonetheless, he feels close to immigrants who have been caught up by raids, including last year's federal law enforcement surge in Washington, because "that could have been me," he said in 2025. WATCH: Vance says Pope Leo should 'be careful' when talking about religion The Catholic Church has long advocated for humane treatment of migrants and

Trump 'not satisfied' with Iran's proposal to end the war

ISLAMABAD (AP) — President Donald Trump rejected Iran's latest proposal to end the war between the countries, saying Friday he still was not satisfied while blaming Iran's "fractured" leadership. Trump turned back the latest proposal almost as soon as it was delivered. Iran's state-run IRNA news agency reported that Iran handed over its plan to mediators in Pakistan on Thursday night. READ MORE: Trump says deadline for Congress to approve Iran war doesn't apply, claiming hostilities have 'terminated' "They want to make a deal, I'm not satisfied with it, so we'll see what happens," Trump told reporters Friday at the White House, without elaborating on what he saw as its shortcomings. The shaky three-week ceasefire between the U.S. and Iran appears to still be holding though both countries have traded accusations of violations. While the ceasefire has largely halted fighting in Iran, the U.S. and Iran are locked in a standoff over the Strait of Hormuz, through which a fifth of the world's traded oil and gas passes in peacetime. A U.S. Navy blockade stopping Iran's tankers from getting out to sea has Iran's economy reeling. The world economy is also under pressure as Iran maintains its chokehold on the

Trump says deadline for Congress to approve Iran war doesn't apply, claiming hostilities have 'terminated'

WASHINGTON (AP) — The White House asserted to Congress in a letter Friday that hostilities with Iran have "terminated" despite the continued presence of U.S. armed forces in the region. The message from President Donald Trump effectively skirts a May 1 legal deadline to gain approval from members of Congress to continue the war with Iran. That deadline was already set to pass without action from Republican lawmakers who are deferring to the president. READ MORE: 4 takeaways from Hegseth's hearings on historic defense budget request, Iran war The letter brings into stark relief the bold but legally questionable assertion of presidential power at the heart of Trump's war, which he began without congressional approval two months ago. "The hostilities that began on February 28, 2026, have terminated," Trump wrote House Speaker Mike Johnson, R-La., and Sen. Chuck Grassley, R-Iowa, the Senate president pro tempore. Yet he also made it clear in the letter that the war may be far from over. READ MORE: Trump 'not satisfied' with Iran's proposal to end the war "Despite the success of United States operations against the Iranian regime and continued efforts to secure a lasting peace, the threat posed by Iran to the

WATCH: Trump says he raised tariffs on autos from EU to 25%

WASHINGTON (AP) — President Donald Trump said on Friday that he will increase the tariffs charged on cars and trucks from the European Union next week to 25%, a move that could jolt the world economy at a fragile moment. Watch Trump's full remarks to reporters in the video player above. Trump said in a social media post that the EU "is not complying with our fully agreed to Trade Deal," though he did not flesh out his objections in the post. READ MORE: Trump says he's lifting certain tariffs on Scotch whisky after royal visit Asked by reporters on Friday about the increase in import taxes as he departed the White House for Florida, Trump said the EU was not "as usual" adhering to last year's trade framework, without detailing the source of the tension. He added that he believed the shift to higher tariffs "forces them to move their factory production much faster" to the U.S. Trump and European Commission President Ursula von der Leyen had agreed to the trade deal last July. It set a tariff ceiling of 15% on most goods, though the Supreme Court this year ruled against the legal authority that Trump had used

WATCH: Correspondents' dinner shooting suspect seen running through security in surveillance footage

WASHINGTON (AP) — Federal prosecutors released a video Thursday showing the moment authorities say a man armed with guns and knives tried to storm the White House Correspondents' Association dinner and attempt to kill President Donald Trump. Watch a clip of the footage in the video player above. Jeanine Pirro, the U.S. attorney for Washington, posted the video on social media amid questions over whose bullet struck a Secret Service officer as Cole Tomas Allen ran through security with a long gun toward the hotel ballroom packed with journalists, administration officials and others. READ MORE: Fact-checking misinformation about the Correspondents' Dinner shooting Prosecutors had previously claimed the agent was shot in the bullet-resistant vest during the melee, but had not confirmed it was Allen who shot the agent. Pirro, however, said Thursday that there is no evidence that the officer was hit by friendly fire. The video appears to show Allen run through a magnetometer and point his weapon at the agent, who fired back five times, according to authorities. It's not clear from the video at what moment Allen's weapon fires. Watch the full video footage below. Allen was injured but was not shot during the Saturday night attack

Former congressman David Rivera convicted in case on secret Venezuela lobbying

MIAMI (AP) — A former Miami congressman and longtime friend of U.S. Secretary of State Marco Rubio was convicted Friday in connection with a secret $50 million lobbying campaign on behalf of Venezuela during the first Trump administration. Jurors found Republican David Rivera and an associate guilty on all counts, including failing to register as a foreign agent with the Justice Department and conspiracy to commit money laundering as part of their work for former President Nicolás Maduro's government. READ MORE: Trump ally testifies in trial over secret Venezuela lobbying effort The seven-week trial offered a rare glimpse into Miami's role as a crossroads for foreign influence campaigns aimed at shaping U.S. policy toward Latin America, one highlighting the city's reputation as a magnet for corruption and anti-Communist crusaders among its sizable exile population. It included testimony from Rubio, Texas Congressman Pete Sessions and a top Washington lobbyist — all of whom testified that they were shocked to learn belatedly of Rivera's consulting contract with a U.S.-based affiliate of Venezuela's state oil company, PDVSA. In an 11-count indictment unsealed in 2022, prosecutors alleged that Rivera was tapped by then Foreign Minister Delcy Rodríguez — now Venezuela's acting president — to

What to know about May Day as workers face rising costs due to Iran war

PARIS (AP) — Activists worldwide gathered for May Day rallies and street protests Friday, calling for peace, higher wages and better working conditions as many workers grapple with rising energy costs and shrinking purchasing power tied to the Iran war. May 1 is a public holiday in many countries to mark International Workers' Day, or Labor Day, when workers' unions traditionally rally around wages, pensions, inequality and broader political issues. Demonstrations were being held from Seoul, Sydney and Jakarta to many European capitals and cities across the United States. READ MORE: Profit for the biggest U.S. oil companies declined in 1st quarter – but only on paper "Working people refuse to pay the price for Donald Trump's war in the Middle East," the European Trade Union Confederation, which represents 93 trade union organizations in 41 European countries, said. "Today's rallies show working people will not stand by and see their jobs and living standards destroyed." In the United States, activists opposing President Donald Trump's policies are planning marches and boycotts. Here's what to know about May Day. Rising energy prices and living costs A man flashes the victory sign as he stands next to a mock gasoline pump during the

Man jailed after being charged with attempted murder in stabbings of Jewish men in London

World May 1, 2026 10:55 AM EDT LONDON (AP) — A 45-year-old man was charged Friday with attempted murder in the stabbings of two Jewish men in London, the latest in a string of attacks that have sparked fear and anger in Britain's Jewish community. Essa Suleiman was remanded into custody after appearing in Westminster Magistrates' Court to face two counts of the charge related to the attack in Golders Green. He also faces a third count of attempted murder over an incident elsewhere in the city earlier the same day that left a man with minor injuries. READ MORE: Police investigating arson attacks at Jewish sites in London Police have labeled the Golders Green attack an act of terrorism. Educate your inbox Subscribe to Here’s the Deal, our politics newsletter for analysis you won’t find anywhere else. Suleiman, a Somalia-born British citizen who lives in London, did not enter any plea. His case was transferred to the Central Criminal Court for a May 15 hearing. Police say Suleiman was referred in 2020 to the government's Prevent program, which tries to steer individuals away from extremism. The police force said his file was closed later the same year, and didn't

Profit for the biggest U.S. oil companies declined in 1st quarter – but only on paper

Profit for the two largest oil companies in the U.S. tumbled during the first quarter, a three-month period in which the price of crude and gasoline rocketed higher. It's a setback on paper only, however, the result of financial hedges that backfired after the U.S. and Israel launched attacks on Iran in late February. Exxon Mobil and Chevron reported quarterly results on Friday, with adjusted profits for both companies topping Wall Street expectations. The shares of both companies, up sharply this week, ticked higher before the opening bell. READ MORE: Key inflation gauge jumps to highest level in 3 years as Iran war spikes gas prices With energy prices depressed at the start of the year, Exxon Mobil and Chevron had arranged hedges to offset volatility, a standard practice in the industry. In the aftermath of an attack by the U.S. and Israel on Iran, however, the physical delivery of oil became impossible with the Strait of Hormuz essentially closed. Exxon and Chevron cannot book gains on those hedges until the crude is physically delivered. The near closure of the Strait of Hormuz off the coast of Iran is a flashpoint in the war and the source of much of

4 takeaways from Hegseth's hearings on historic defense budget request, Iran war

Catch up on both of Defense Secretary Pete Hegseth's recent appearances before Congress, including day one before the House Armed Services Committee and day two before the Senate Armed Services Committee. WASHINGTON (AP) — Defense Secretary Pete Hegseth appeared before Congress at a pair of hourslong hearings this week for the first time since the Trump administration went to war against Iran, with the Pentagon chief facing tough questions from skeptical Democrats. WATCH: Hegseth's contentious hearing in Congress reveals partisan divide over Iran war Hegseth seemed to emerge with solid Republican support over his leadership and handling of the war. But a few GOP lawmakers questioned his dismissal of a top Army general, while some sought assurances that the Pentagon is doing everything possible to prevent civilian deaths. The hearings Wednesday and Thursday before the House and Senate Armed Services committees delved into the Trump administration's 2027 military budget proposal, which would boost defense spending to a historic $1.5 trillion. Hegseth and other Pentagon officials stressed the need for more drones, missile defense systems and warships. READ MORE: Trump calls for a major increase in defense spending alongside cuts in domestic spending While Republicans focused on the details of military

What to know after House passes Homeland Security funding and ends historic shutdown

The longest shutdown of a U.S. government agency in history has ended, after Trump signed a House-passed bill to fund most of the Department of Homeland Security. The administration had warned that money to pay thousands of federal security workers would run out after Thursday without new funding. Congressional correspondent Lisa Desjardins has the latest from the Capitol.Notice: Transcripts are machine and human generated and lightly edited for accuracy. They may contain errors. Geoff Bennett: The longest shutdown of a government agency in history has ended with President Trump today signing a House-passed bill to fund most of the Homeland Security Department. Amna Nawaz: The administration had warned that money to pay thousands of federal security workers would run out after today without new funding.Congressional correspondent Lisa Desjardins is back with us here after spending the day reporting at the Capitol.So, Lisa, what finally changed to end this shutdown? Lisa Desjardins: You, know it was a matter of who changed, and that was House Republicans.As we were coming into today, there was pressure from President Trump and from House Republican leaders themselves on some of their voters. And suddenly a rainbow appeared, Amna, as it does. Here's exactly what happened.The