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Oil prices fall a second day as Trump indicates possible Iran peace deal

MELBOURNE, May 6 (Reuters) – Oil prices fell for a second day on Wednesday on expectations bottled up supply from the key Middle East ​producing region could resume flowing after U.S. President Donald Trump indicated a possible peace deal ‌may be reached to end the war with Iran. Brent crude futures for July fell $1.52, or 1.38%, to $108.35 per barrel as of 0103 GMT, after dropping 4% in the previous session. U.S. benchmark West Texas Intermediate futures for June declined $1.50, or ​1.47%, to $100.77, after closing down 3.9% the day before. On Tuesday, Trump unexpectedly said he would

Trump says Iran “should wave the white flag of surrender”

WASHINGTON, May 5 (Reuters) – President Donald Trump on Tuesday dismissed ​Iran’s military capability and said Tehran “should wave ‌the white flag of surrender” but is too proud to do so. Trump told reporters in ​the Oval Office that Iran’s military ​has been reduced to firing “peashooters” and ⁠that Tehran privately wants to make a ​deal despite its public sabre-rattling. “They play games, ​but let me just tell you, they want to make a deal. And who wouldn’t, when your ​military is totally gone?” he said. ​Trump heaped praise on the U.S. blockade of Iranian ‌ports ⁠in the region. “It’s

US says Iran ceasefire holds despite exchange of fire; UAE under attack

WASHINGTON/CAIRO, May 5 (Reuters) – The United Arab Emirates said it was under attack from Iranian missiles and drones on Tuesday, even as Washington ​said a shaky ceasefire was intact despite an exchange of fire the previous day as U.S. forces attempted to force open the Strait of Hormuz. The U.S. military said it had destroyed six Iranian small ‌boats, as well as cruise missiles and drones, after President Donald Trump sent the navy to escort stranded tankers through the strait in a campaign he called “Project Freedom”. U.S. Defense Secretary Pete Hegseth said the operation to protect commercial ships was temporary

EC role, Hindu vote consolidation among factors for BJP win in Bengal polls: J-K CM Omar

Srinagar, May 5 (PTI) Jammu and Kashmir Chief Minister Omar Abdullah on Tuesday attributed the BJP’s West Bengal win to a “significant role” played by the Election Commission (EC), alongside a consolidation of Hindu votes and a fractured minority mandate. Abdullah also said the INDIA bloc needs to define its role in the political landscape of the country and make it clear whether the opposition alliance was limited to the parliamentary elections or extended to the state elections as well. Talking to PTI Videos, Abdullah hinted that the EC has compromised its neutrality by conducting the Special Intensive Revision (SIR)

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