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A pump jack operates near a crude oil reserve in the Permian Basin oil field near Midland, Texas, U.S. February 18, 2025. REUTERS/Eli Hartman/File Photo
Jun 11, 2026

Oil drops as Trump cancels planned strikes against Iran

Oil prices dropped sharply after U.S. President Donald Trump canceled planned strikes on Iran, easing tensions in the Middle East.

U.S. President Donald Trump speaks during a Small Business Summit in the East Room at the White House in Washington, D.C., U.S., May 4, 2026. REUTERS/Kylie Cooper
May 4, 2026

Trump calls Xi meeting important trip, says US leads in AI

President Donald Trump calls his upcoming meeting with China's Xi Jinping important and emphasizes the US lead in artificial intelligence amid trade tensions.

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