Oil falls 5% after Trump calls off Iran strikes, says Hormuz deal agreed
Oil prices fell after President Donald Trump said on Sunday that he had suspended planned strikes on Iran following a request from Tehran and other Middle Eastern countries.
On Tuesday, August 4, the Senate Judiciary Committee voted 12-10 to advance the nomination of Todd Blanche, a close aide to former President Donald Trump, to become the next US Attorney General. Blanche's nomination required two Republican senators, John Cornyn and Thom Tillis, to provide written assurances that a $1.8 billion fund linked to Trump's settlement with the Internal Revenue Service (IRS) would not be established.
Blanche subsequently signed an order rescinding the fund, addressing concerns that it could serve as a taxpayer-funded compensation program benefiting Trump's political allies. With Republican support secured, Blanche's nomination is expected to gain full Senate confirmation despite ongoing Democratic opposition.
Written by urgent.news from Live Mint's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
