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Oil plunges below $95 as the Dow surges

NEW YORK (AP) — Oil prices plunged below $95 per barrel, and stock markets surged worldwide Wednesday after President Donald Trump pulled back from his threat to destroy Iran. The S&P 500 leaped 2.5% after Trump announced a two-week ceasefire with Iran, less than 90 minutes before a deadline Trump had set for it to open the Strait of Hormuz and allow oil tankers to exit the Persian Gulf. The Dow Jones Industrial Average rallied 1,325 points, or 2.8%, and the Nasdaq composite soared 2.8% following even bigger gains in European and Asian stock markets. To be sure, stock prices are ...

Zeldin tells climate skeptics to ‘celebrate vindication’

WASHINGTON (AP) — The head of the Environmental Protection Agency on Wednesday defended his decision to repeal the legal determination that serves as the basis for federal rules to slow climate change, telling a gathering of climate change skeptics they should “celebrate vindication.” EPA Administrator Lee Zeldin made the remarks in the keynote address at a conference hosted by the Heartland Institute, a conservative think tank that rejects mainstream climate science and what it calls “climate alarmism.” Zeldin told the gathering that repeal of the 2009 “endangerment ...

North Korea fires missiles toward the sea

SEOUL, South Korea (AP) — North Korea fired multiple short-range ballistic missiles toward the sea Wednesday in its second launch event in two days, South Korea’s military said, hours after a senior North Korean official released crude insults against Seoul’s hopes for warmer relations. South Korea’s Joint Chiefs of Staff said several missiles lifted off from North Korea’s eastern coastal Wonsan area on Wednesday morning and flew about 240 kilometers (150 miles) each in a direction toward the North’s eastern waters. It said an additional North Korean ballistic missile ...

‘Ketamine Queen’ gets 15 years for selling Perry drugs that killed him

LOS ANGELES (AP) — A federal judge on Wednesday handed down a sentence of 15 years in prison to a woman who pleaded guilty to selling “Friends” star Matthew Perry the ketamine that killed him in 2023. “You’re going to have to show some epic resilience,” Judge Sherilyn Peace Garnett said to Jasveen Sangha, echoing the defendant’s words earlier in the hearing about her self-improvement. The 42-year-old became the third defendant sentenced of the five people who have pleaded guilty in connection with the overdose of the 54-year-old actor. His role as Chandler Bing on ...

The Masters set to begin today at Augusta National

AUGUSTA, Ga. (AP) — Prime Video will make its foray into covering the 90th Masters on Thursday by exclusively live-streaming the first two hours of the first two rounds from amidst the azaleas and dogwoods at Augusta National. As part of its debut, Prime Video will feature Inside Amen Corner, a dedicated feed that will offer a stats-enhanced viewing experience and an in-depth look into how players attack the famed 11th, 12th and 13th holes. The feed will feature real-time ball tracking and swing analysis. Prime Video’s coverage will begin at 1 p.m. ET. ESPN will take over at 3 ...

Prices rising as the world scrambles for more oil

NEW YORK (AP) — Global leaders have been scrambling to contain the rising cost of oil and gasoline since the start of the Iran war, which took a record amount of oil off the market when tankers full of crude were stranded in the Persian Gulf and military strikes damaged refineries, pipelines and export terminals. Hoping to ease some pain for consumers, President Donald Trump and other heads of state have been pulling on various levers, launching more oil on the market in a bid to calm the chaos. A group of 32 nations that are members of the International Energy Agency began ...