On GPS: Has Trump lost patience with Putin?

2 days ago

Russia's scaled-up drone attack this week came after President Donald Trump expressed increasing frustration at Russian President Vladimir Putin's refusal to engage in peace talks. Fareed discusses what this could all mean for the future of US-Russia relations — and the war in Ukraine — with Alexander Gabuev, director of the Carnegie Russia Eurasia Center.

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Oil edges down as market contemplates potential sanctions, tariffs

CNBC

17 minutes ago

CNBC

Oil edges down as market contemplates potential sanctions, tariffs

Oil prices edged down on Tuesday as the market digested U.S. President Donald Trump's 50-day deadline for Russia to end the Ukraine war and avoid sanctions on buyers of its oil, while worries continued to linger over Trump's trade tariffs. Brent crude futures fell 5 cents to $69.16 a barrel by 0000 GMT, while U.S. West Texas Intermediate crude futures fell to $66.89, down 9 cents. Both contracts settled more than $1 lower in the previous session. Trump announced new weapons for Ukraine on Monday, and threatened sanctions on buyers of Russian exports unless Moscow agrees to a peace deal in 50 days. Oil prices had climbed at the news of potential sanctions, but later gave up these gains as the 50-day deadline raised hopes that sanctions could be avoided, and traders dwelled on whether the U.S. would actually impose steep tariffs on countries continuing to trade with Russia. "The pause eased concerns that direct sanctions on Russia could disrupt crude oil flows. Sentiment was also weighed down by rising trade tensions," ANZ senior commodity strategist Daniel Hynes wrote in a note to clients. Trump said on Saturday he would impose a 30% tariff on most imports from the European Union and Mexico from August 1, adding to similar warnings for other countries and leaving them less than three weeks to hammer out framework deals that could lower the threatened tariff rates. Tariffs risk slowing down economic growth, which could sap global fuel demand and drag oil prices lower. Elsewhere, oil demand is set to stay "very strong" through the third quarter, keeping the market snugly balanced in the near term, the Organization of Petroleum Exporting Countries' secretary general said, according to a Russian media report. Goldman Sachs on Monday raised its oil price outlook for the second half of 2025, pointing to potential supply disruptions, shrinking oil inventories in Organization for Economic Co-operation and Development countries, and production constraints in Russia.

'MAGAworld is now in open revolt,' Stewart said.

Yahoo

20 minutes ago

Yahoo

'MAGAworld is now in open revolt,' Stewart said.

Jon Stewart thinks President Donald Trump, for the first time in years, might actually be in trouble with his base. Trump's lack of delivery on the long-hyped Jeffrey Epstein files, Stewart noted Monday night, is something MAGA world won't easily forgive. 'MAGAworld, for the first time in memory, isn't just slavishly acquiescing to Trump's reality distortion field,' Stewart noted.

Epstein Case Backlash Divides Trump's Officials & His Base - CNN NewsNight with Abby Phillip - Podcast on CNN Podcasts

CNN

21 minutes ago

Epstein Case Backlash Divides Trump's Officials & His Base - CNN NewsNight with Abby Phillip - Podcast on CNN Podcasts

Epstein Case Backlash Divides Trump's Officials & His Base CNN NewsNight with Abby Phillip 46 mins The release of the Epstein files was one of Trump's selling points to get elected, but Trump now says it's time to move on. Plus, from Epstein's u-turn to Ukraine, Trump disappoints his base and begins to lose control.