Exxon-Mobil and Chevron both reported a sharp drop in profits for the first quarter of the year which is likely to change going forward as oil prices rise amid the war with Iran.
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.
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.