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Oil prices drop more than 10% and US stocks soar after Iran reopens the Strait of Hormuz
NEW YORK (AP) — Oil prices dropped more than 10% Friday, and U.S. stocks raced toward another record after Iran said the Strait of Hormuz is open again for commercial tankers carrying oil from the Persian Gulf to customers worldwide.The S&P 500 leaped 1.3% as Wall Street rallied to the finish of a third straight week of big gains, its longest streak since Halloween. A freer flow of oil would take pressure off prices not only for gasoline but also for groceries and all kinds of other products that get moved by vehicles. It could even ultimately help people pay less on... Read More
Nebraska proposes $600 million renovation of Memorial Stadium to be finished in time for 2028 season
Nebraska's Memorial Stadium will undergo a $600 million overhaul that will make the 103-year-old venue more fan-friendly and greatly increase revenue for the athletic department, according to a plan announced Friday and expected to be approved next week.“Big Red Rebuild," as the project is called, would be funded by a mix of $250 million in philanthropic support and $350 million in private bond financing. Completion is targeted for the start of the 2028 football season. University regents will consider the proposal at its meeting in Lincoln next Friday.
“Memorial... Read More
Georgia Democrats try to make their move in a jumbled, low-dollar primary for governor
ATLANTA (AP) — Four years ago, Democrat Stacey Abrams commanded the spotlight with her campaign for Georgia governor, dumping millions of dollars into the race as the media followed her every move.But there is little of that energy so far in 2026. Even though Democrats may have a better shot at winning, there is far less attention and money as their candidates compete for the nomination in next month's primary.
Their struggles raise the possibility that the Democrats could miss another chance to win the Georgia governor's office for the first time since 1998.
The Supreme Court hands a win to oil and gas companies fighting environmental lawsuits in Louisiana
WASHINGTON (AP) — The Supreme Court handed a win Friday to oil and gas companies fighting lawsuits over coastal land loss and environmental degradation in Louisiana.The 8-0 procedural decision gives the companies a new day in federal court after a state jury ordered Chevron to pay upward of $740 million to clean up damage to the state’s coastline, one of multiple similar lawsuits.
Backed by the Trump administration, the companies argued the case belongs in federal court because they began oil production and refining during World War II as U.S. contractors. They... Read More
The Latest: Trump and Iranâs top diplomat say the Strait of Hormuz is fully open
U.S. President Donald Trump and Iran’s foreign minister said Friday that the Strait of Hormuz is now fully open to commercial vessels. Foreign Minister Abbas Araghchi posted on X that the strait “is declared completely open” in line with the ceasefire in Lebanon and would remain open for the remaining period of the ceasefire. Trump affirmed the strait is “ready for full passage” in a social media post minutes later.In a subsequent post, Trump said the U.S. naval blockade on Iranian ships and ports “will remain in full force” until a deal is reached to end the... Read More
Top Stories
- Oil prices drop more than 10% and US stocks soar after Iran reopens the Strait of Hormuz
- Man accused of killing Charlie Kirk pushes to ban cameras from court
- Senate extends surveillance powers until April 30 after longer renewal collapsed in House
- Macron and Starmer welcome Hormuz reopening and push for permanent navigation security
- Iran reopens Strait of Hormuz, but Trump says blockade on Iranian ships and ports will stay in force
- Singer D4vd is arrested in the killing of 14-year-old Celeste Rivas Hernandez
- Starmer rejects calls to resign over Mandelson appointment as pressure builds
- Pope urges young people to resist temptation of corruption in big Mass in Cameroon
- Wanna bet? Washington steps up scrutiny of prediction markets
- Trump draws Marie Antoinette comparisons as he leans into the gilded trappings of the presidency
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Stocks
Entertainment
- Don Schlitz, storied country songwriter behind such hits as 'The Gambler,' dies at 73
- Singer D4vd is arrested in the killing of 14-year-old Celeste Rivas Hernandez
- Before Beatlemania, George Harrison visited his sister in Illinois. The house is now for sale
- After a paralyzing stroke, a South Korean pianist recreates himself as a one-handed performer
Sports
- Nebraska proposes $600 million renovation of Memorial Stadium to be finished in time for 2028 season
- Men caught competing in the women's category of a prestigious South African marathon
- George Russell says he wants to keep Max Verstappen in F1 but would 'understand' if he goes
- Spurs' Victor Wembanyama says he can't help but dream about NBA titles. His first chance is here