Oil rises on Japan trade deal and stronger demand indicated by US inventories
Brent crude futures rose 33 cents, or 0.48%, to $68.92 a barrel by 0023 GMT. U.S. West Texas Intermediate crude futures rose 33 cents, or 0.51%, to $65.64 per barrel.
President Donald Trump said on Tuesday that the U.S. and Japan had struck a trade deal that includes a 15% tariff on U.S. imports from Japan. He also said Japan had agreed on $550 billion in investments in the U.S.
Oil had fallen in the previous session after the EU said it was considering countermeasures against U.S. tariffs, as hope faded for a deal ahead of the August 1 deadline.
And U.S. crude oil stockpiles were expected to have fallen last week, along with distillate and gasoline inventories, an extended Reuters poll showed on Tuesday.
Nine analysts polled by Reuters ahead of weekly inventory data estimated on average that crude inventories fell by about 1.6 million barrels in the week to July 18.
U.S. crude and gasoline stocks fell last week while distillate inventories rose, market sources said, citing American Petroleum Institute figures on Tuesday.
In another bullish sign for the market, the U.S. energy secretary said on Tuesday that the U.S. would consider sanctioning Russian oil to end the war in Ukraine.
The EU on Friday agreed its 18th sanctions package against Russia, lowering the price cap for Russian crude. But analysts said a lack of U.S. participation would hinder the effectiveness of the package.
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The Independent
2 minutes ago
- The Independent
Muslim leaders increase security after vandalism reports at Texas and California mosques
After a spate of vandalism reports involving graffiti at a few mosques in Texas and California, Muslim leaders there have stepped up existing efforts to keep their sacred spaces and community members safe. The incidents and subsequent hypervigilance add to what many American Muslims say has already been a charged climate amid the fallout in the U.S. from the Israel-Hamas war that has killed tens of thousands of Palestinians and devastated Gaza. The war started in October 2023 with a deadly attack by Hamas on Israel. 'The past two years have been extremely difficult for American Muslims,' said Edward Ahmed Mitchell, national deputy director of the Council on American-Islamic Relations, a Muslim civil rights and advocacy organization. A constant stream of images showing the death, destruction and ongoing starvation in Gaza has taken a toll, said Mitchell, as has a rise in anti-Muslim and anti-Palestinian bigotry in the U.S. He pointed to one of the most egregious examples of that bigotry: After the war started, an Illinois man killed a 6-year-old Palestinian American Muslim boy and wounded his mother in a hate-crime attack. Worry and frustration The recent vandalism reports have left some worried and frustrated — but not entirely surprised. 'Since October 2023, we've definitely seen rise in Islamophobia,' said Rawand Abdelghani, who is on the board of directors of Nueces Mosque, one of the affected mosques in Austin, Texas. 'Anti-Palestinian, anti-immigrant, all of that rhetoric that's being said … it has contributed to things like this happening.' Nueces security footage showed someone, their face partially covered, spray-painting what appears to be Star of David symbols at the property. CAIR Austin said similar incidents were reported at two other Austin mosques. They all seemingly happened on the same night in May, in what the group described as part of 'a disturbing pattern of hate-motivated incidents.' It called for increased security patrols and protective measures. Shaimaa Zayan, CAIR Austin operations manager, called them an intimidation attempt. Less than two weeks earlier, someone had spray-painted graffiti at the Islamic Center of Southern California, including the Star of David on an outer wall there, center spokesperson Omar Ricci said. 'In light of what's going on within Palestine and the genocide in Gaza, it felt like an attack,' said Ricci, who's also a reserve Los Angeles Police Department officer. Some specifics remained unresolved. The LAPD said it opened a vandalism/hate crime investigation and added extra patrols, but added it has neither a suspect nor a motive and noted that nonreligious spaces were also targeted. The Austin Police Department did not respond to Associated Press inquiries. Nueces had already increased its security camera use following three incidents last year, including someone throwing rocks at the mosque, Abdelghani said. After the May vandalism, it also added overnight security, she added. Nueces serves many university students and is considered a 'home away from home,' Abdelghani said. It's where they learn about their faith, meet other Muslims and find refuge, including during tense times, like when some students got arrested amid campus protests last year, she added. CAIR says that in 2024, its offices nationwide received 8,658 complaints, the highest number it has recorded since its first civil rights report in 1996. It listed employment discrimination as the most common in 2024. The group says last year, U.S. Muslims, along with others of different backgrounds, 'were targeted due to their anti-genocide … viewpoints.' Referencing former President Joe Biden, the CAIR report said that for 'the second year in a row, the Biden-backed Gaza genocide drove a wave of Islamophobia in the United States.' Israel has strongly rejected allegations it's committing genocide in Gaza, where its war with Hamas has killed more than 59,000 Palestinians, according to Gaza health officials. The initial Hamas-led attack on Oct. 7, 2023, killed some 1,200 people, while about 250 were abducted. Tensions in multiple spaces The war has fueled tensions in myriad U.S. settings. After it started, Muslim and Jewish civil rights groups reported a surge of harassment, bias and physical assaults reports against their community members. Pew Research Center in February 2024 found that 70% of U.S. Muslims and nearly 90% of U.S. Jews surveyed say they felt an increase in discrimination against their respective communities since the war began. More recently, leaders of U.S. Jewish institutions have called for more help with security after a firebomb attack in Colorado on demonstrators showing support for Israeli hostages in Gaza that left one person killed and others injured, as well as a fatal shooting of two Israeli Embassy staffers outside a Jewish museum in Washington, D.C. Politically, the conflict loomed over last year's presidential election, leaving many pro-Palestinian U.S. voters feeling ignored by their own government's support for Israel. It has roiled campuses and sparked debates over free speech and where political rhetoric crosses into harassment and discrimination. There've been bitter disagreements, including among some Jewish Americans, about exactly what the definition of antisemitism should cover, and whether certain criticism of Israeli policies and Zionism should be included. That debate further intensified as President Donald Trump's administration sought to deport some foreign-born pro-Palestinian campus activists. The Islamic Center of Southern California has been targeted before, including vandalism in 2023 and separate threats that authorities said in 2016 were made by a man who was found with multiple weapons in his home. Incidents like the latest one cause concern, Ricci said. 'People see that it's not going to take very much to spark something in the city,' he said. 'There's a lot of emotion. There's a lot of passion' on both the pro-Palestinian and pro-Israeli sides. Salam Al-Marayati, president of the Muslim Public Affairs Council, said 'if people think they can get away with graffiti, then the next step is to firebomb a mosque or even go attack worshippers.' Opening doors and receiving support Al-Marayati and others praised how many have shown support for the affected Muslim communities. 'The best preparation is what we did in Los Angeles and that's to stand shoulder-to-shoulder with our allies and be there for one another,' he said. In Texas, a gathering at Nueces brought together neighbors and others, including Christians and Jews, to paint over the vandalism, clean up the property and garden, Zayan said. 'It was beautiful,' she said. 'It's really important to open your doors and open your heart and invite people and to rebuild this trust and connection,' she said. 'For non-Muslims, it was a great opportunity for them to show their love and support. They really wanted to do something.' ___ Associated Press religion coverage receives support through the AP's collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content.
The Independent
2 minutes ago
- The Independent
Taiwanese voters reject bid to oust opposition lawmakers in unprecedented recall election
Preliminary results of Taiwan's unprecedented polls reveal voters have rejected the bid to oust about one-fifth of its lawmakers with alleged close ties with Beijing. Early trends after one hour of poll counting point to a lead in favour of most of the 24 lawmakers from the opposition Nationalist Party KMT, Taiwan News reported. Thousands turned out to cast their votes in ballots across several schools, community centres and temples in Taiwan. The independence-leaning ruling Democratic Progressive Party won last year's presidential election, but the China-friendly Nationalists, also known as the KMT, and the smaller Taiwan People's Party have enough seats to form a majority bloc. Those who supported removing the 24 lawmakers were angry that the KMT and its allies blocked key legislation, especially the defence budget, and passed controversial changes that are seen as diminishing the power of the executive and favouring China, which considers the island its own territory. The opposition parties' actions sparked concerns among some Taiwanese about the island's democratic integrity and its ability to deter Chinese military threats, leading to the recall campaigns. The scale of the recall elections is unprecedented, with another seven KMT lawmakers facing similar votes on 23 Aug. But the KMT alleged the ruling party was resorting to political retaliation after it lost the legislative majority, saying the recalls were undermining and challenging Taiwan's democratic system. The KMT holds 52 seats, while the ruling DPP holds 51 seats. For the DPP to secure a legislative majority, at least six KMT lawmakers would need to be ousted, and the ruling party would need to win all by-elections, which would need to be held within three months following the announcement of results. For a recall, more than a quarter of eligible voters in the electoral district must have voted in favour of the recall, with the total number of supporters exceeding those against. The poll closed at 4 pm. local time. With vote counting still underway, the overall trend is against the recall. One closely fought campaign centred on KMT Caucus Whip Fu Kun-Chi, who served as Hualien County chief before being elected to the Taiwanese parliament. Early trends suggest he would survive the recall. The elections have intensified tensions between those backing the status quo and those favouring improved ties with Beijing. Critics accuse China-friendly politicians of compromising Taiwan and take issue with their meetings with mainland Chinese politicians. But these Taiwanese politicians claim their connections are vital for dialogue given Beijing's refusal to interact with the DPP. When asked about the recall election, China's Taiwan Affairs Office spokesperson Zhu Fenglian said in June that since the administration of Taiwan president Lai Ching-te came into power, it has sought to achieve "one-party dominance" and practiced "dictatorship" under the guise of "democracy", state broadcaster CCTV reported. She was quoted as saying that Mr Lai's government has spared no effort in suppressing opposition parties and those who supported the development of cross-strait relations. Taiwan's mainland affairs council said Wednesday that the Chinese authorities and state media had tried to blatantly interfere with the vote.
Daily Mirror
2 minutes ago
- Daily Mirror
MIKEY SMITH: 7 wild Donald Trump moments as protests rage against Scotland visit
The weather is breezy with occasional drizzle, which may dampen his hopes of a few rounds of golf - while angry protesters tell him to go home Hello from Turnberry, Scotland where Donald Trump is enjoying the first day of a nice, relaxing holiday. The weather is breezy with occasional drizzle, which may dampen his hopes of a few rounds of golf. But hey, at least he gets to spend tomorrow with EU chief Ursula Von Der Leyen and Monday with Keir Starmer. He arrived late last night on Air Force One at Prestwick Airport, before being whisked down the coat 35 miles or so to the resort in a huge motorcade, headed up by the infamous Beast limousine. He's already been spotted driving a motorcade of golf carts around the course this morning. So far the locals I've spoken to are mostly ...'meh' about Trump's arrival. A handful have said they like the guy because he presumably brings money to the area. Other long-term residents told me the course has never made much money anyway. Which was true until last year - when it went from a profit of £186,000 in 2023 to £3.8 million. Here's what's happened since Trump World arrived in Scotland that you need to know about. 1. Trump claims he was never given a briefing about his name being in the Epstein files On the tarmac at Prestwick airport last night, Trump claimed he had never been given a briefing that indicated his name was included in the Epstein files. That directly contradicts reporting from the Wall Street Journal earlier in the week, which said he'd been given such a briefing in May - and was told his name appeared multiple times. And he said himself last weekend that he'd been given a short briefing by Attorney General Pam Bondi - but indicated at the time that his name was not in there. 2. He got a few strokes in before the rain Trump was spotted on the golf course at Turnberry getting a bit of peace before it started raining. A major security operation has surrounded US President Donald Trump as starts his private visit to Scotland. The president headed to his Trump Turnberry resort - which he bought in 2014 - after arriving in the country on Friday night. On Saturday morning he was seen on the golf course there, wearing a white cap and driving a golf buggy. Ahead of that, a large number of police and military personnel have been spotted searching the grounds at the venue in South Ayrshire. Various road closures have been put in place, with limited access for both locals and members of the media. Having seen how the President is protected in the US, I'm confident saying the exclusion zone around the resort is larger and the police presence greater than anything he gets in the States. Normally around 300 secret service agents travel with the President, backed up by teams from local law enforcement and specialised teams. But the estimated number of police assigned to Turnberry this weekend is reportedly around 5,000 - which is more officers than protect the White House. 3. Protests planned, but maybe not on Trump's doorstep Co-ordinated anti-Trump protests are being held in Edinburgh and Aberdeen today to mark the US President's arrival. A rally outside the US consulate in Edinburgh kicked off at noon. In Aberdeen, the group that gathered in the city centre were seen waving banners with anti-Trump slogans - with one demonstrator even dressed as the president with a large papier mache head. Some members of the crowd also showed their support for Palestine, waving Palestine flags. 4. He really doesn't want to talk about giving Ghislaine Maxwell a pardon After he was a little vague before leaving Washington about the prospect of a pardon for convicted sex trafficker Ghislaine Maxwell , who was paedophile Jeffrey Epstein's madam for many years, Trump swerved the question yet further on arrival in Scotland. He claimed he had "not really been following" his Justice Department's two-day re-interview with Maxwell in prison - which was being conducted by his former personal lawyer, now Deputy Attorney General Todd Blanche. "A lot of people have been asking me about pardons," he said. "Obviously, this is no time to be talking about pardons. "You're making a very big thing over something that's not a big thing." It also emerged last night that Maxwell had been given "limited immunity" in the meetings with Blanche - meaning she can't be prosecuted over anything she reveals in them, so long as she tells the truth. Her attorney David Oscar Markus - who is a friend of Mr Blanche, and appeared on his podcast last year - said Maxwell "answered those questions honestly, truthfully, to the best of her ability." He added: "She never invoked a privilege. She never refused to answer a question, so we're very proud of her." Maxwell, whom he is proud of, is serving 20 years for five counts of sex trafficking. 5. Cancel the windmills! Among other topics Trump decided to be more angry about than Jeffrey Epstein upon his arrival in Scotland was the preponderance of renewable energy sources in Europe. Trump's war on windmills started in Scotland, remember - back when he had a lengthy legal battle with the Scottish government over the windmills visible from his Aberdeenshire course. And he's basically been radicalised on the subject, and will believe any nonsense conspiracy theory about them killing whales and giving people earache or whatever. Last night he said to European leaders: "Stop the windmills. You're ruining your countries. I really mean it. It's so sad. You fly over and you see these windmills all over the place, ruining your beautiful fields and valleys and killing your birds and if they're stuck in the ocean, ruining your oceans." Because windmills are so much more ugly than, for example, large coal mines or oil fields. Get Donald Trump updates straight to your WhatsApp! As the world attempts to keep up with Trump's antics, the Mirror has launched its very own US Politics WhatsApp community where you'll get all the latest news from across the pond. We'll send you the latest breaking updates and exclusives all directly to your phone. Users must download or already have WhatsApp on their phones to join in. All you have to do to join is click on this link, select 'Join Chat' and you're in! We may also send you stories from other titles across the Reach group. We will also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. To leave our community click on the name at the top of your screen and choose Exit group. If you're curious, you can read our Privacy Notice. 6. The trade deal is 'done' Trump was asked at the airport what the remaining sticking points were in the trade deal with the UK. He said there aren't any, suggesting there won't be any future changes. This will be a disappointment to the government, who were still kind of hoping there'd be some wriggle room on the 10% blanket tariffs. Despite Trump's words last night, a Downing Street source said the two leaders would discuss trade as part of their meetings on Monday. Asked what they'd be discussing, if not the trade deal, Trump said: "We're going to do a little celebrating because we get along very well." 7. Eric's coming, look busy I spoke to a shopkeeper near Trump's golf course last night, who gave a fascinating insight into the President's visits to Turnberry. "You can tell Eric's coming," he said, referring to Trump's son, who is joining the President on the trip. "Because of how the staff are acting." What did he mean by that? "They know Eric's really in charge of the resort, not Donald, and he's very particular so they're all more scared of him."
