Authorities investigating ex-Trump prosecutor Jack Smith for alleged illegal political activity
The Office of Special Counsel, an independent federal agency, on Saturday confirmed the investigation.
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San Francisco Chronicle
5 minutes ago
- San Francisco Chronicle
Trump pressures China and India to stop buying cheap Russian oil
U.S. President Donald Trump is pushing China and India to stop buying oil from Russia and helping fund the Kremlin's war against Ukraine. Trump is raising the issue as he seeks to press Russian President Vladimir Putin to agree to a ceasefire. But cheap Russian oil benefits refiners in those countries as well as meeting their needs for energy, and they're not showing any inclination to halt the practice. Three countries are big buyers of Russian oil China, India and Turkey are the biggest recipients of oil that used to go to the European Union. The EU's decision to boycott most Russian seaborne oil from January 2023 led to a massive shift in crude flows from Europe to Asia. Since then China has been the No. 1 overall purchaser of Russian energy since the EU boycott, with some $219.5 billion worth of Russian oil, gas and coal, followed by India with $133.4 billion and Turkey with $90.3 billion. Before the invasion, India imported relatively little Russian oil. Hungary imports some Russian oil through a pipeline. Hungary is an EU member, but President Viktor Orban has been critical of sanctions against Russia. The lure of cheaper oil One big reason: It's cheap. Since Russian oil trades at a lower price than international benchmark Brent, refineries can fatten their profit margins when they turn crude into usable products such as diesel fuel. Russia's oil earnings are substantial despite sanctions The Kyiv School of Economics says Russia took in $12.6 billion from oil sales in June. Russia continues to earn substantial sums even as the Group of Seven leading industrialized nations has tried to limit Russia's take by imposing an oil price cap. The cap is to be enforced by requiring shipping and insurance companies to refuse to handle oil shipments above the cap. Russia has to a great extent been able to evade the cap by shipping oil on a 'shadow fleet' of old vessels using insurers and trading companies located in countries that are not enforcing sanctions. Russian oil exporters are predicted to take in $153 billion this year, according to the Kyiv institute. Fossil fuels are the single largest source of budget revenue. The imports support Russia's ruble currency and help Russia to buy goods from other countries, including weapons and parts for them.
Bloomberg
6 minutes ago
- Bloomberg
Modi Needs the White House Off His Back
What began as a US-China trade war has suddenly turned into an open and ugly confrontation between Washington and New Delhi. Donald Trump has escalated the conflict, but the onus for defusing it is squarely with Narendra Modi — and both sides know it. With two days to go before the US president's reciprocal trade taxes come into effect, he's doubling down on his threat to impose a 'substantially higher' tariff on India than the 25% already announced.
Yahoo
6 minutes ago
- Yahoo
Trump on Sydney Sweeney controversy: If she's Republican, ‘I think her ad is fantastic'
President Trump on Sunday weighed in on actor Sydney Sweeney and her recent controversial ad campaign with American Eagle. 'You'd be surprised at how many people are Republicans,' the president said after a reporter stated that the 'White Lotus' and 'Euphoria' star is a registered Republican. 'That's what I wouldn't have known, but I'm glad you told me that. If Sydney Sweeney is a registered Republican, I think her ad is fantastic,' the president said while en route back to Washington on Sunday evening from Bedminster, N.J. BuzzFeed reported over the weekend that Sweeney has been registered to the Republican Party of Florida since June 2024. The ad featuring Sweeney has caused backlash online, with social media users criticizing what they claim are racist undertones surrounding the campaign's message that Sweeney 'has great jeans,' a riff on the idea of 'good genes.' 'Genes are passed down from parents to offspring, often determining traits like hair color, personality, and even eye color,' Sweeney says in one video. 'My jeans are blue.' Vice President Vance mocked critics of the ad in a recent interview, blaming Democrats for those who argue the commercial backs eugenics. 'So you have a pretty girl doing a jeans ad and they can't help but freak out. It reveals a lot more about them than it does us. No question,' Vance said on the 'Ruthless Podcast.' White House communications director Steven Cheung pointed to the backlash as an example of 'cancel culture run amok.' The Hill has reached out to a contact for Sweeney for comment. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
