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UK government publishes files about the appointment of Epstein friend Mandelson to ambassador post

LONDON (AP) — The British government on Wednesday published a batch of documents related to the appointment of Peter Mandelson as ambassador to the U.S., as police investigate potential misconduct stemming from the ex-diplomat’s ties to the late Jeffrey Epstein.

The 147-page release was published Wednesday on the government website.

Lawmakers have forced Prime Minister Keir Starmer’s government to disclose thousands of files about the decision to name Mandelson to the key diplomatic post at the start of U.S. President Donald Trump’s second term, despite a past... Read More

The Latest: Global energy concerns mount as Iran threats stop cargo through the Strait of Hormuz

The ongoing Israeli-American war on Iran, for all its complexity and global effects, boils down to a single question: Who can take the pain the longest? A surge in oil prices points to what may be Iran’s most effective weapon and the United States’ biggest vulnerability in continuing the campaign: Damaging the world economy.

Wednesday’s major developments include Iranian attacks against commercial ships across the Persian Gulf and its targeting of Dubai International Airport, escalating a campaign of squeezing the oil-rich region as global energy concerns mount.
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Germany and Austria pledge to release reserve oil in an effort to calm surging prices

BERLIN (AP) — Germany and Austria said Wednesday they are releasing parts of their oil reserves following an International Energy Agency request for members to release a record 400 million barrels to help temper energy price spikes due to the Iran war.

Japan also said it will release some of its reserves starting Monday.

Group of Seven energy ministers met Tuesday at IEA headquarters in Paris to look at ways to bring down prices that have risen because of the Iran war. IEA executive director Fatih Birol said afterward that they discussed all available options,... Read More

Inflation held steady last month before attack on Iran sent energy costs soaring

KANSAS CITY (AP) — Inflation stayed stubbornly elevated last month as gas prices rose in a snapshot of what consumer prices looked like before the U.S.-Israeli attack on Iran sent energy costs soaring.

Consumer prices rose 2.4% in February compared with a year earlier, the Labor Department said Wednesday, matching January’s increase. Excluding the volatile food and energy categories, core prices climbed 2.5% from a year ago, also matching January’s level, which was the lowest in five years. Both figures are above the Federal Reserve's 2% target.

Wednesday’s data... Read More

US stocks remain calm even as oil prices get back to climbing

NEW YORK (AP) — The U.S. stock market is remaining relatively calm on Wednesday, even as the price of oil gets back to climbing.

The S&P 500 rose 0.1% in early trading and could be heading for another day of relatively modest moves following a punishing stretch of extreme swings caused by the war with Iran. The Dow Jones Industrial Average was down 72 points, or 0.2%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.3% higher.

Since the start of the war, oil prices have been the trigger causing big moves up and down for financial markets worldwide, Oil... Read More

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UK government publishes files about the appointment of Epstein friend Mandelson to ambassador post

The Latest: Global energy concerns mount as Iran threats stop cargo through the Strait of Hormuz

Germany and Austria pledge to release reserve oil in an effort to calm surging prices

Inflation held steady last month before attack on Iran sent energy costs soaring

US stocks remain calm even as oil prices get back to climbing

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