Iran Cancels Planned Nuclear Talks With US After Israeli Attacks
Iran will no longer participate in planned nuclear negotiations with the United States in Oman on June 15. Following Israel’s large-scale airstrikes that targeted Tehran’s military facilities and nuclear sites, the Iranian regime has suspended talks indefinitely, according to state media. “Israel’s unilateral attack on Iran is illegal, unjustifiable and a grave threat to regional stability,” said Oman Foreign Minister Badr Al Busaidi posted on the social media platform X. “I condemn it and urge the global community to come together to reject Israeli aggression and support de-escalation and diplomacy with one voice.”
US Helping Israel: The Hill reported that the United States assisted Israel in intercepting Iranian missiles. President Donald Trump spoke with Prime Minister Benjamin Netanyahu following his National Security Council meeting. “There has already been great death and destruction, but there is still time to make this slaughter, with the next already planned attacks being even more brutal, come to an end,” Trump wrote on Truth Social. “Iran must make a deal, before there is nothing left, and save what was once known as the Iranian Empire.” Related: Tit-for-tat bombings as Israel strives to ensure Iran never goes nuclear…
US Stocks Crash, Oil Prices Spike on Heels of Israeli Strikes
The US financial markets were in disarray as the trading week came to a close, with investors responding to the escalation of the Middle East conflict. The blue-chip Dow Jones Industrial Average crashed 770 points, or 1.79%. The tech-heavy Nasdaq Composite Index declined 255 points, or 1.3%. The broader S&P 500 erased 68 points, or 1.13%. Despite the sea of red ink flooding Wall Street, US Treasury yields did not sink as the benchmark ten-year yield surged five basis points to 4.407%. All eyes will be on crude oil prices.
Don’t Be Crude: West Texas Intermediate (WTI) crude oil futures soared $5.14, or 7.55%, to $73.18 per barrel on the New York Mercantile Exchange, the highest level since earlier this year. Natural gas prices also climbed $0.118, or 3.38%, to $3.61 per million British thermal units. “This conflict adds challenges to the already sizable collection of worries being maintained by the markets – those aren’t going away. At the bare minimum the spike in crude, if it persists, will have an almost immediate impact on inflation numbers,” said Mark Malek, chief investment officer of Siebert Financial. Related: Israel makes major strike at Iran’s nuclear capability…
Appeals Court Rejects Trump’s Effort to Overturn Carroll’s Verdict
A federal appeals court voted overwhelmingly to reject President Trump’s bid to overturn E. Jean Carroll’s verdict and rehear his appeal. The 2nd U.S. Circuit Court of Appeals voted 8-2 against Trump, with a Biden-appointed U.S. Circuit Judge, Myrna Pérez, writing that the procedure would be inappropriate. “In those rare instances in which a case warrants our collective consideration, it is almost always because it involves a question of exceptional importance or a conflict between the panel’s opinion and appellate precedent,” Pérez said. In 2023, a New York jury determined that Trump was liable for sexually abusing Carroll in the mid-1990s and defaming her, effectively ordering Trump to pay $5 million.
Dissent: Two Trump-appointed 2nd Circuit judges dissented and stated that the Trump-Carroll case contained a “series of indefensible evidentiary rulings.” “The result was a jury verdict based on impermissible character evidence and few reliable facts. No one can have any confidence that the jury would have returned the same verdict if the normal rules of evidence had been applied,” Judge Steven Menashi wrote. Related: Did E. Jean Carroll hide the truth about her Trump lawsuit?
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Liberty Nation News: The Beltway and Beyond
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Air India Black Box Recovered
The flight data recorder (also called a black box) from the tragic Air India crash was recovered by authorities on June 13. Experts say the black box will offer more insight into what occurred on the London-bound Boeing 787 flight that killed 241 people and others on the ground. India’s Aircraft Accident Investigation Bureau confirmed that it has initiated its probe with “full force,” and Civil Aviation Minister Ram Mohan Naidu described it as a crucial step forward in the investigation. Officials will attempt to learn more about the engine and control settings, as well as cockpit conversations, to determine if any faults occurred upon takeoff, such as issues with the cabin air compressor, fuel parameters, or engine control systems.
‘Devastated’: Indian Prime Minister Narendra Modi toured the site and visited with the lone survivor. “We are all devastated by the air tragedy in Ahmedabad. The loss of so many lives in such a sudden and heartbreaking manner is beyond words,” Modi said on social media after visiting the site. “We understand their pain and also know that the void left behind will be felt for years to come.” Related: Boeing whistleblower calls aircraft unsafe…
Trump Approves US Steel’s Merger With Japan’s Nippon
President Trump approved the merger of US Steel with Japan’s Nippon on June 13. After signing an executive order, the president highlighted the benefits of the agreements, touting the billions of dollars in investment that would come to the United States. Speaking to reporters at the White House on June 12, Trump referred to it as a “golden share” in corporate profits. “We have a golden stock. We have a golden share, which I control, or the president controls,” he said. “That gives you total control.”
Generational Wealth: “This partnership will bring a massive investment that will support our communities and families for generations to come,” the companies wrote in a June 13 statement. “We look forward to putting our commitments into action to make American steelmaking and manufacturing great again.” Related: US Steel and a big, beautiful deal…
