Author

admin

Browsing

senate-majority-leader-john-thune-final-offer.jpg

Congress is one step closer to ending the Homeland Security shutdown after the Senate advanced a new, last-minute deal, but it came at the price of Republicans ceding ground, temporarily, to Senate Minority Leader Chuck Schumer, D-N.Y.

The Senate unanimously advanced a deal to reopen most of the Department of Homeland Security (DHS) in the wee hours of Friday morning, 42 days into the shutdown that was spurred by the Trump administration’s immigration operations in Minnesota.

It was an agreement that largely gave Schumer and Senate Democrats what they wanted — no funding for Immigration and Customs Enforcement (ICE) and parts of Customs and Border Protection (CBP). But it lacked the stringent reforms they desired, like requiring judicial warrants or requiring agents to unmask.

SCHUMER, DEMS BLOCK DHS FUNDING AGAIN, TRUMP INTERVENES TO PAY TSA AGENTS

While the deal mirrors previous attempts by Democrats to pass similar legislation that carved out immigration funding, Thune argued that Democrats are still walking away empty-handed in the policy fight over immigration enforcement. 

“We’ve been trying for weeks to fund the whole thing,” Thune said. “And, I mean, in the end, this is what they were willing to agree to. But again, it’s different that it has zero reforms in it. I mean, they got no reforms on DHS, which they could have had if they had been willing to work with us a little bit on that.”

Schumer said that if Republicans hadn’t blocked their initial attempts, “this could have been done three weeks ago.”

“This is exactly what we wanted,” Schumer said. “This is what we asked for, and I’m very proud of my caucus. My caucus held the line.”

The DHS funding deal now heads to the House, where Republicans aren’t enthusiastic about not funding key components of President Donald Trump’s immigration crackdown agenda.

The latest plan came after Senate Democrats blocked a seventh attempt to reopen DHS, after back-and-forth talks throughout the day on Thursday appeared to yield little progress toward a resolution. Trump also announced his intent to sign an order that would pay Transportation Security Administration (TSA) agents as major airports are rocked with staggering lines and eye-popping wait times amid the shutdown. 

DEMS BLOCK DHS FUNDING AFTER GOP REJECTS THEIR COUNTER, THUNE SAYS SCHUMER ‘GOING IN CIRCLES’

Senate Minority Leader Chuck Schumer, D-N.Y.

While a further concession to Democrats, in part, the underlying argument Republicans have made all along is that if Schumer and his caucus wanted reforms, they would have to agree to fund immigration enforcement.

And ICE and CBP are still flush with roughly $75 billion in cash from Trump’s “big, beautiful bill,” giving the agencies a buffer for a time.

“The good news is we anticipated this a year ago. I mean, one of the reasons we front loaded, pre-loaded up the ‘one big, beautiful bill’ with advanced funding for Homeland Security was because we anticipated this was likely going to happen, and it did,” Thune said. “I still think it’s unfortunate. The Dems wanted reforms. We tried to work with them on reforms. They ended up getting no reforms.”

The same process used to pass that colossal legislative package will likely be turned to again fund immigration enforcement.

DHS DEAL IN LIMBO AS DEMOCRATS DEMAND TOUGHER ICE CRACKDOWN DESPITE GOP COMPROMISE

U.S. Immigration and Customs Enforcement officer's uniform

Sen. Eric Schmitt, R-Mo., envisions funding ICE and CBP for several years.

“Democrats are trying to shut down ICE funding for the remainder of the fiscal year — ultimately they won’t be successful,” Schmitt said on X. “In response, I’ll be pushing to lock in funding for deportation operations and salaries for a decade.”

Doing so could be difficult, still, given that Republicans want to dump several other priorities into the mix, including portions of the Safeguarding American Voter Eligibility (SAVE) America Act and funding for the Iran war.

And some Republicans are already couching expectations on what can and can’t be accomplished in the party-line process, given that anything in the bill has to pass muster with strict rules in the Senate.

“I think we have to set our sights a little bit lower on this reconciliation bill,” Sen. Roger Marshall, R-Kan., told Fox News Digital. “It’s got to be targeted to fund ICE for 10 years, I think that’s the number one thing to us.”

<!–>

–>

sarah-trone-garriott.jpg

A Democratic House candidate running in a battleground seat in southwestern Iowa linked faith to political violence while warning against religion in public life, according to unearthed audio reviewed by Fox News Digital.

“We have seen religion and political violence showing up more and more in our public spaces,” Democratic candidate Sarah Trone Garriott said in a 2023 speech at a Methodist church. “It’s something that is just very in our faces and something that we’re very concerned about, and something that feels very threatening right now at this time.” 

Trone Garriott, a state legislator and Lutheran minister, is running to defeat Rep. Zach Nunn, R-Iowa, in November’s midterm elections. Prior to launching a House bid, Trone Garriott fashioned herself as a fierce opponent of Christian nationalism — a term some conservatives have argued that critics use to paint some Christians as prone to violence and hostile toward democracy.

In the speech, Trone Garriott said it was “a good thing to talk about religion and politics together” and spoke positively about living out one’s faith in their community. However, she repeatedly voiced discomfort about seeing public Christian displays and suggested it was something to be rooted out.

AMERICA’S CHURCHES UNDER SIEGE AS VIOLENCE INCREASINGLY INVADES SACRED GROUND

An image of a woman holding a sign with the phrase “one nation under God, indivisible” found in the Pledge of Allegiance, according to Trone Garriott, was one of several “pretty uncomfortable ways that faith and political power have collided.” The Iowa Democrat also called attention to Christian displays at one of President Donald Trump’s rallies and during the Jan. 6 attack on the U.S. Capitol.

“This is not a Christian nation. It’s a nation for all of us,” Trone Garriott told the church congregants. “Spaces and proceedings need to be for all people, and we need to work on reminding folks of that.”

As a state senator, Trone Garriott said she intentionally sought out opening prayers that were not from the “White American Christian variety,” but from atheist, secular and other non-Christian perspectives.

Trone Garriott also spoke critically of parental rights in education and private Christian schools. She charged that both stemmed from racist opposition to the integration of public schools when parents desired to create a “White enclave” for their children.

“So maybe some of these things sound familiar today,” Trone Garriott said in her remarks. “It’s nothing new.”

The Iowa Democrat then proceeded to tie White men to her criticism of legislation barring biological males from women’s sports or preventing children from reading sexually explicit material. She notably opposed a bill keeping men out of women’s sports while serving in the state Senate.

“It’s really couched in the language of there’s a threat against women and White men are responsible to protect women from threats,” Trone Garriott said. 

Trone Garriott’s campaign did not respond to multiple requests for comment.

California girls' track and field athletes at a protest

DEMOCRAT RISING STAR CALLED OUT FOR ‘CREEPY’ COMMENT ABOUT TRANSGENDER CHILDREN

Nunn, who is seeking a third term in November, slammed Trone Garriott’s comments in the resurfaced video in a statement to Fox News Digital.

“I was raised around Iowans who go to church every week and show up for their neighbors,” Nunn said. “Sarah Trone Garriott can’t walk into a church without delivering a lecture about how their faith is threatening and their schools are racist.”

“She’s made it clear that the values Iowa families live by every single day are the ones she’s running against,” he added.

The Democratic Congressional Campaign Committee (DCCC), House Democrats’ campaign arm, said Trone Garriott is working to unify Iowans in the 3rd Congressional District and condemns political violence.

Iowa Rep. Zach Nunn attends orientation

“Sarah is a mom and minister who has served her community as a hospital chaplain and a parish pastor — public display of her faith has been a guiding force in Sarah’s life and continues to be to this day,” DCCC spokesperson Katie Smith said. “Sarah has always condemned political violence however it rears its ugly head and will always work to bring Iowans together.”

The nonpartisan Cook Political Report rates the contest for the Republican-held seat as a “toss-up.”

<!–>

–>

fetterman-v2.jpg

Pennsylvania Sen. John Fetterman is facing escalating backlash from within his own party, with one House Democrat saying this week she has more success working with a Republican senator and another calling for him to step down.

The criticism reflects growing friction between Fetterman and his progressive political base as he breaks with Democrats on key issues, including his support for Israel, backing of Homeland Security Secretary Markwayne Mullin, and openness to voter ID. Once a darling of the political left who exchanged endorsements with socialist Vermont Sen. Bernie Sanders, Fetterman now finds himself a target of attacks from his own party.

“I have more success in working with the one on the R side of the aisle than I do with the D side of the aisle,” Rep. Chrissy Houlahan, D-Pa., said at a recent event, contrasting Fetterman with Sen. David McCormick, R-Pa.

DAVID MARCUS: CAN JOHN FETTERMAN SAVE THE DEMOCRATIC PARTY FROM ITSELF?

The remark drew jeers from the audience at the event, where Houlahan spoke in opposition to the SAVE America Act, GOP-led legislation that includes voter ID requirements and other changes to election rules.

Houlahan urged voters to call “the office of your choice in the Senate” to voice opposition to the bill, adding that requiring “some form of ID is not an unreasonable ask,” but that “this bill is not that.”

Fetterman did not respond to a request for comment but said in a March 17 statement that he would vote against beginning debate on the bill while underlining his support for Voter ID.

“Stop turning this into a Christmas list and attacking vote-by-mail,” he said.

Houlahan declined further comment.

Abigail Spanberger, Mikie Sherrill and Chrissy Houlahan smile in selfie photo

Last week, Rep. Brendan Boyle of Northeast Philadelphia took intraparty tensions with Fetterman to the next level by demanding his ouster.

Boyle, who did not respond to a request for comment, lambasted Fetterman for helping Mullin get confirmed.

“Once again Senator Fetterman shows why he is Trump’s favorite Democrat,” Boyle said in a statement. “He needs to go.”

‘THE VIEW’ CO-HOST JOY BEHAR UNLOADS ON FETTERMAN FOR BACKING TRUMP’S DHS PICK

Sen. John Fetterman listens during DHS confirmation hearing.

Rep. Pat Ryan, D-N.Y., a combat veteran and political moderate who has vocally opposed Mullin’s candidacy, echoed Boyle and blasted Fetterman for effectively getting the secretary confirmed.

“If you needed any more proof that Fetterman has completely abandoned his constituents, here it is. Pennsylvanians deserve a Senator that actually fights for them,” Ryan said in a statement.

Fetterman was not always a political maverick, having once been a progressive favorite praised for his blunt and unfiltered style. As lieutenant governor of Pennsylvania, he championed the legalization of marijuana and pushed aggressively for criminal justice reforms supported by Democrats. He aligned with the democratic-socialist Sanders wing of the party and hung pride and weed flags from his balcony at the State Capitol.

In 2020, Harrisburg Republicans inserted language in a budget bill to ban flags other than the national, commonwealth and POW/MIA banners from being posted at the Capitol, to which Fetterman quipped, “it’s kind of flattering that they changed Pennsylvania law just for me.”

Now, Fetterman recently claimed his party is “governed by TDS” — Trump Derangement Syndrome — and that he will always refuse to label Republican opponents “fascist” or make references to the Third Reich.

Fetterman also told “Hang Out with Sean Hannity” that he has encountered his former 2022 Republican foe Dr. Mehmet Oz — the current federal Medicaid administrator — and that the two maintain a civil relationship with no ill will.

Sen Fetterman: Every Democrat has agreed on Iran’s nuclear ambitions

He also issued a statement defending his support for Mullin.

“In January, I called on the president to fire [Kristi] Noem — and he did. I truly approached the confirmation of my colleague and friend, Senator Mullin, with an open mind,” Fetterman said.

“We need a leader at DHS. We must reopen DHS. My ‘aye’ is rooted in a strong committed, constructive working relationship with Senator Mullin for our nation’s security.”

<!–>

–>

rubio-barrot-g7.jpg

Secretary of State Marco Rubio arrived in France on Friday to attend the G7 foreign ministers’ meeting where he will deliver a clear message on U.S. priorities for the ongoing war with Iran.

In the days leading up to the meeting, other members have taken markedly different approaches to the war. Nearly all of Washington’s partners — Britain, Canada, France, Germany, Italy and Japan — have reacted cautiously to the U.S.-Israeli military campaign and declined to participate in offensive operations, even as they condemn Iranian actions.

Before departing on Thursday, Rubio signaled a defiant approach to the talks: “I don’t work for France or Germany or Japan … the people I’m interested in making happy are the people of the United States. I work for them,” he said in a video posted on X.

The divergence has drawn frustration from President Donald Trump, who has pressed allies to contribute more, particularly in securing key maritime routes such as the Strait of Hormuz. While some countries have signaled a willingness to support defensive or maritime security efforts, they have stopped short of joining direct military strikes.

TRUMP PRESSES NATO PARTNERS ON SUPPORT AS HEGSETH BLASTS HESITATION

“The U.S. is constantly asked to help in wars, and we have. But when we had a need, it didn’t get positive responses from NATO. A couple leaders said that Iran was not Europe’s war. Well, Ukraine isn’t our war, yet we’ve contributed more to that fight than anyone,” Rubio added.

“The Strait of Hormuz could be open tomorrow if Iran stops threatening global shipping, which is an outrage and a violation of international law. For all these countries that care about international law, they should be doing something about it,” he said before boarding his plane to France.

The remarks set the tone for a summit already marked by growing friction between Washington and some of its closest allies over how to handle the Iran conflict. Rubio has framed the stakes in stark terms. “Iran has been at war with the United States for 47 years . . . Iran has been killing Americans and attacking Americans across this planet,” he said during a White House cabinet meeting, adding that allowing Tehran to obtain nuclear weapons would be “an unacceptable risk for the world.”

But even before Rubio arrived at the meeting, European officials were signaling a markedly different approach.

“We need to exit from the war, not escalate this further, because the consequences for everybody around the world are quite severe,” Vice President of the European Commission Kaja Kallas said during a briefing on the sidelines of the G7 on Thursday.

JACK KEANE CALLS OUT NATO’S WEAKNESS AS SHIPPING CRISIS GRIPS STRAIT OF HORMUZ

“It can only be a diplomatic solution … sit down and negotiate to have a way out,” she added.

The contrast between Rubio’s framing and Kallas’s message captures the core tension shaping the meeting.

U.S. officials say Rubio is heading into the talks with a broader agenda that goes beyond Iran.

According to a State Department spokesperson, who spoke to Fox News Digital on background, Rubio will use the meeting to “advance key U.S. interests” and push discussions on the wars in Ukraine and the Middle East, as well as “international burden sharing” and the overall effectiveness of the G7.

The U.S. is also expected to emphasize maritime security, including freedom of navigation in the Strait of Hormuz and the Red Sea, while urging allies to take on a greater share of responsibilities in conflict zones and international organizations, the spokesperson said.

RUBIO, RATCLIFFE TO DELIVER CLASSIFIED IRAN BRIEFING TO ‘GANG OF EIGHT’ AHEAD OF TRUMP’S STATE OF THE UNION

U.S. Secretary of State Marco Rubio going to G7 in France

European officials have instead emphasized the broader risks of the conflict.

France’s foreign minister, Jean-Noël Barrot, said discussions at the G7 would build on a recent joint statement condemning Iran’s actions while also addressing maritime security concerns.

He said the “discussions will provide an opportunity to revisit positions already agreed at the G7 level… including the unjustifiable attacks carried out by Iran against Gulf countries … which we condemned in the strongest possible terms.”

Barrot added that ministers would also focus on securing global shipping routes.

Satellite view showing the Strait of Hormuz connecting the Persian Gulf to the Gulf of Oman

“We will also have the opportunity to address maritime security and freedom of navigation … including an international mission … to ensure the smooth flow of maritime traffic in a strictly defensive posture, thereby helping to ease pressure on energy prices,” he said.

Kallas echoed that global framing. “All the countries in the world are one way or another affected by this war … it is in the interest of everybody that this war stops,” she said.

IRAN SIGNALS NUCLEAR PROGRESS IN GENEVA AS TRUMP CALLS FOR FULL DISMANTLEMENT

EU Kaja Kalla

Her remarks also pointed to the interconnected nature of the crisis. “Russia is helping Iran with intelligence … and also supporting Iran now with drones,” she said, linking the Iran conflict to the war in Ukraine.

That uncertainty is already affecting the structure of the summit, with officials dropping plans for a unified final communiqué to avoid exposing divisions, Reuters reported.

Analysts say those differences reflect deeper structural tensions in the alliance. “Europe has criticized Donald Trump’s ‘maximum pressure’ strategy towards Iran while pursuing a failed diplomatic approach that has enabled the regime to expand its terrorist networks and edge closer to nuclear threshold status,” Barak Seener, senior research fellow at the Henry Jackson Society, told Fox News Digital.

“This reflects a lack of European capability to project power in the region, particularly in safeguarding the Strait of Hormuz.”

Cargo ships in the Gulf, near the Strait of Hormuz,

Seener added that years of reliance on Washington have left Europe increasingly exposed as the U.S. shifts its strategic priorities. “Years of underinvestment in defense and reliance on the United States have created a dependency that Washington increasingly views as a betrayal of the peace it has guaranteed Europe since the Second World War,” he said.

“With the U.S. placing greater value on its relationship with Israel than NATO, the result may be further erosion of the alliance, reduced support for Ukraine and rising economic pressure on Europe.”

He warned that the immediate test will come at the G7 itself. “Divisions over how to respond to Iran and to any U.S. request for support are likely to expose a deeper transatlantic split,” Seener said.

“Operation Epic Fury has showcased President Trump’s ability to assemble a coalition of allies to eliminate a common threat — in this case the Iranian regime — and stabilize international trade,” Jacob Olidort, chief research officer and director of American security at the America First Policy Institute, told Fox News Digital.

Satellite imagery shows a narrow maritime passage linking two large bodies of water.

“The failure of Western Europe to participate in securing the Strait of Hormuz is particularly egregious because those countries depend on it more than we do,” he added.

“At the same time, the historic successes of Operation Epic Fury have awakened a new confidence in our Middle East partners to eradicate the threats from the Iranian regime and to work together to shape a more peaceful and prosperous region.”

<!–>

–>

trump-and-xi.jpg

President Donald Trump’s push to expand U.S. mining and loosen China’s global grip on critical minerals is colliding with his administration’s defense in court of a Biden-era veto blocking Alaska’s copper-rich Pebble Mine, reviving scrutiny of Donald Trump Jr.’s past opposition to the project.

The fight over Pebble Mine has spanned multiple administrations. Including in 2014, when the Obama Environmental Protection Agency concluded mining in Bristol Bay’s headwaters could damage the world’s largest sockeye salmon fishery. Biden’s EPA vetoed the project in January 2023, prompting a lawsuit from Pebble and the state of Alaska. The Trump Department of Justice is now defending that veto in court. 

The clash under the Trump administration has given Pebble supporters new ammunition to argue the White House is undercutting its own agenda as Trump races to secure domestic supplies of copper and other minerals critical to defense systems and advanced technology.

It also puts Trump Jr.’s stance on Pebble Mine back in focus. In 2020, Trump Jr. publicly opposed the mine, joining GOP operative Nick Ayers, who served as chief of staff to former Vice President Mike Pence, in citing concerns about the local bay’s ecosystem. 

FROM MOJAVE TO BEIJING: HOW AMERICA QUIETLY CONCEDED THE RARE EARTH RACE

“As a sportsman who has spent plenty of time in the area I agree 100% [with Ayers],” Trump Jr. wrote on X in August 2020. “The headwaters of Bristol Bay and the surrounding fishery are too unique and fragile to take any chances with. #PebbleMine.”

Policy paradox

John Shively, CEO of Pebble Limited Partnership, the company hoping to develop the mine, contended that the Trump DOJ defending the Biden-era veto undermines the president’s agenda and would force the United States to cede copper and rare earth minerals to Beijing. Shively called the veto a “textbook example of D.C. bureaucrats imposing their will on Alaska.”

“It sort of conflicts a little bit with what President Trump is doing,” Shively told Fox News Digital in an interview. “I’ll give him credit. One of the things I like to say in life is, ‘If you don’t recognize a problem, you’re never going to solve it.’ Well, they have recognized we’re in serious trouble in getting minerals in this country and metals, and so it’s a little surprising they continued the EPA lawsuit.”

The White House and EPA did not respond to multiple requests for comment for this story. The DOJ, which is representing EPA in court as it fights to keep the Biden-era veto in place, declined to comment and deferred to the EPA.

Bristol Bay

Since Trump took office, his administration has moved quickly to dismantle the environmental policies of his liberal predecessors and strengthen the United States’ mineral supply. Trump signed executive orders that declared a national emergency on critical minerals, directed federal agencies to fast-track permitting processes and expanded the government’s list of critical minerals by adding copper and nine others to the list.

Trump Jr., an avid outdoorsman, has not spoken to the president or anyone in the administration during this term about Pebble Mine, but he did weigh in on the matter with his father in the first term, a source close to Trump Jr. told Fox News Digital. 

One industry source who spoke to Fox News Digital pointed to Trump Jr. and Ayers, attributing the Trump administration’s position on Pebble Mine in part to them. Ayers, like Trump Jr., openly opposed the mine in an X post in 2020.

“Like millions of conservationists and sportsmen, I am hoping @realDonaldTrump will direct @EPA to block the Pebble mine in Bristol Bay,” Ayers wrote on X. “A Canadian company will unnecessarily mine the USA’s greatest fishery at a severe cost. This should be stopped.” Pebble, which is spearheading the mine project, is a U.S. offshoot of Canadian company Northern Dynasty Minerals.

Pebble Mine Project drill test

Ayers did not provide comment for this story.

The source close to Trump Jr. said that in the first administration, the president’s son told associates he was concerned, having been to Bristol Bay to fish on multiple occasions, about the mine’s potential effect on the ecosystem there.

Pebble mine site

The industry source balked at the Trump administration’s Pebble Mine contradiction, saying it was rooted in profit motives. The source told Fox News Digital that “these guys are cheap dates. … Like you sold your soul for a fishing trip on a boat for a week.” 

“How can you open at the one hand this reserve of rare earths to stop the Chinese from cornering the market, but then say, ‘We’re not going to have our own mining industry’?” the source said.

CHINA’S RARE EARTH TECH OBSESSION ENSNARES US RESIDENT AS CCP LOOKS TO MAINTAIN STRANGLEHOLD

When asked about potential outside influences affecting the administration’s position, Shively said: “Instead of focusing on comments from the past, we hope the administration is worried about the next president using this EPA veto to shut down signature Trump energy and critical mineral projects.”

A ‘kill switch’ to save the salmon

The veto, also known as a “kill switch,” is a rarely-used mechanism of the Clean Water Act. The law allows a company to seek a mining permit from the U.S. Army Corps of Engineers, but the EPA can use the kill switch to block the permit.

Pebble’s permit request was rejected in the first Trump term, but Pebble won a reversal of that decision through an internal appeals process. That internal process was still playing out when the Biden administration issued the veto.

Pebble is asking the court to scrap the veto and allow the company to continue with the permitting process.

Pebble lawyers have argued that the company “spent decades and a billion dollars planning the safest and least impactful mine possible” and that studies adequately addressed the salmon concerns.

The excavated terrain of the Veliki Krivelj open pit copper mine, operated by Zijin Mining Group Co., in the Bor Region, Serbia, on Friday, June 11, 2021. Chinas Zijin Mining Group is stepping up investments in Serbia, including through acquisition of mineral resources. Photographer: Oliver Bunic/Bloomberg via Getty Images

Copper and other critical minerals

China is the world’s leading import source for more than two dozen critical minerals, including most rare earth minerals. The Trump administration has said that domestic access to critical minerals, including rare earths, is fundamental to national security and AI infrastructure.

The United States has, in recent decades, gone from dominating the production of the world’s rare earths to relying on China, which now controls roughly 70% of mining and nearly 90% of refining, Fox News Digital previously reported. 

China dominates the refining of many critical minerals and more than half of global copper refining, while the U.S. imports roughly 45% of its copper supply. Pebble says the mine could supply about 15% of U.S. copper demand.

“We’ve already committed to building a lot more defense capacity,” Shively said, noting that copper would be used for nuclear submarines, large aircraft carriers, jets and more crucial defense supplies.

salmon, Alaska

In addition to copper, the Pebble mineral deposit is also rich in rare earths, Shively said, noting Pebble could mine rhenium and molydbdenum, which is used to strengthen steel. 

Shively said the veto, if the court approves it, would set a dangerous precedent that allows future administrations and activists to level broader Clean Water Act vetoes. The current veto targets an expansive 220,000-acre area of Alaska containing an estimated 80 billion pounds of copper, according to court papers. 

“If they can use this tool against us, they can use it anywhere in the country,” Shively said. “And when you get rabid environmentalists in government, they tend to use these kinds of tools.”

Briefing in the lawsuit is set to be completed by mid-April, and the court could issue a decision anytime after that or call for oral arguments to continue examining the fight.

<!–>

–>

260325-nyse-mn-1037-16b574.jpg

U.S. stocks rose Wednesday and global oil prices fell in yet another volatile trading session as traders and investors were buffeted by constant headlines about the war in Iran.

News of a 15-point U.S. peace plan proposal sparked hopes early in the day that the Trump administration was moving to end its monthlong war against Iran. Initially, the S&P 500 and the Nasdaq 100 futures rose more than 1%.

But reports that Iran had responded negatively to the proposal briefly knocked index futures off their pre-market highs and lifted oil prices off their morning lows.

Despite the early setback, stocks closed the trading day higher. At 4 p.m. ET, the S&P 500 index was up about 0.4%, the Nasdaq Composite closed 0.7% higher, and the Dow jumped 305 points. The Russell 2000 index of smaller companies rose 1.1%.

The price of U.S. crude oil also traded off its lowest levels of the day and was down only 1.4% to about $90 per barrel by late afternoon. West Texas Intermediate crude oil has soared more than 30% since the start of the war on Feb. 28. The cost per barrel is up 50% since the beginning of the year.

International Brent crude prices traded near breakeven, at around $102 per barrel. The price of heating oil, a proxy for jet fuel, dropped 6%.

The global price of oil directly affects what Americans pay at the gas pump and what it costs them to heat and cool their homes. The average nationwide price of unleaded gas Wednesday was $3.98 per gallon, according to AAA data.

“Markets desperately want to believe in the positive,” UBS Global Wealth Management chief economist Paul Donovan wrote. “Focus on the apparent 15-point US plan to end the war has received more attention than Iranian dismissals of this, or the fact that passage through the Strait of Hormuz is minimal.”

Iran’s response to the U.S. proposal included a list of five conditions for ending the war, according to Iranian state TV, which cited a senior political-security official with knowledge of the details of the proposal.

Pakistan has also offered to mediate talks to end the hostilities, four sources told NBC News. A Persian Gulf official said Pakistan had been passing messages between the two countries for the past two days.

An in-person meeting between the U.S. and Iran could be held in the coming days, two sources added.

But President Donald Trump has continued to give conflicting signals.

On March 16, Trump said he was delaying his scheduled visit to China “by a month or so” to monitor the war. On Monday, he said the Strait of Hormuz would be “open very soon.”

And on Tuesday, Trump told reporters in the Oval Office, “This war has been won.” At the same time, the U.S. is sending more than 1,000 additional troops to the Middle East, sources said.

Gas Prices
A motorist drives past a sign displaying prices at a gas station in Oakland, Calif., on Tuesday.Godofredo A. Vásquez / AP

Since the war started, the market has experienced several days like this, when markets are whipsawed by constant back-and-forth comments.

“There’s really no way to know at this point what the facts are regarding the state of negotiations, as neither side has any real incentive to conduct talks via the press, so expect more whipsaw action as things continue to progress,” analysts at Bespoke Investment Group wrote in a client note.

They added that the “ongoing tensions continue to support higher prices [and] stoke inflation concerns” and are likely to cause central banks to remain on hold, rather than cut rates.

On the contrary, traders believe the European Central Bank and the Bank of England will both raise interest rates.

“Uncertainty remains high,” analysts at ING wrote in a note Wednesday morning. “Overall, volatility remains elevated and a geopolitical risk premium persists.”

In the 18 trading sessions since the war began, U.S. oil prices have closed down only five times. Likewise, over the same period, the S&P 500 has closed higher only seven times. Three of those higher closes were only fractional.

After Wednesday’s close, the Nasdaq was down nearly 6% for the year, while the S&P 500 was on track for a 3.5% loss so far. The majority of those losses were concentrated in the weeks since the war began.

Meanwhile, the Strait of Hormuz, through which 20% of the world’s oil supply typically passes, has remained at a near standstill since the war began.

On Monday, just five ships passed through the strait, according to data compiled by S&P Global Market Intelligence. On Tuesday, the total was six. On many days since the war started, not a single ship has passed through.

However, some of the ships passing through the strait have taken an unusual course that put them close to the Iranian coastline, potentially signaling that Tehran was keeping a tight grip on traffic flows. Two Indian ships were granted passage Tuesday after a deal with Iran, Bloomberg News reported. The Iranian navy also guided the ships.

Otherwise, hundreds of other ships loaded up with cargo, oil and liquefied natural gas remain stuck.

1774406520208_now_staytuned_ukraine_russia_drones_260324_S3_1920x1080-6myi35.jpg

At least 40% of Russia‘s oil export capacity is at a halt following Ukrainian drone attacks, a disputed attack on a major pipeline and the seizure of tankers, according to Reuters calculations based on market data.

The shutdown is the most severe oil supply disruption in the modern history of Russia, the world’s second largest oil exporter, and has hit Moscow just as oil prices exceeded $100 a barrel due to the Iran war.

Russia’s oil output is one of the main sources of revenue for the national budget and is central to the $2.6 trillion economy.

An oil tanker moored in Novorossiysk, Russia, in 2022.
An oil tanker moored in Novorossiysk, Russia, in 2022.AP

Ukraine intensified drone attacks on Russia‘s oil and fuel export infrastructure this month, hitting all three of Russia‘s major western oil export ports, including Novorossiysk on the Black Sea and Primorsk and Ust-Luga on the Baltic Sea.

According to Reuters calculations, about 40% of Russia‘s crude oil export capabilities — or around 2 million barrels per day, were shut as of Wednesday after the most recent attack.

That includes Primorsk and Ust-Luga as well as the Druzhba pipeline, which runs through Ukraine to Hungary and Slovakia.

Kyiv has also targeted pipeline oil pumping stations and refineries. Kyiv says it aims to diminish Moscow’s oil and gas revenue, which accounts for around a quarter of Russia‘s state budget proceeds, and weaken its military might.

Russia says the Ukrainian strikes are terrorist attacks and has tightened security across its 11 time zones.

Firefighters extinguish a blaze at a chemical transport terminal at Russia's Ust-Luga port on Jan. 21, 2024. Local media reported that Ukrainian drones attacked the port.
Firefighters extinguish a blaze at a chemical transport terminal at Russia’s Ust-Luga port on Jan. 21, 2024. Local media reported that Ukrainian drones attacked the port.Telegram Channel of head of the Kingisepp district via AP

Ukraine said that part of the Druzhba pipeline was damaged by Russian strikes at the end of January, while both Slovakia and Hungary demanded Kyiv restart the supplies immediately.

The Novorossiysk oil terminal, which can handle up to 700,000 bpd, has been loading oil below plan since damage from a heavy Ukrainian drone attack early this month.

In addition, frequent seizures of Russia-related tankers in Europe have disrupted 300,000 bpd of Arctic oil exports flowing from the port of Murmansk, traders said.

With its westward export routes under fire, Moscow must rely on oil exports to Asian markets, but those routes are limited due to capacity, traders said.

Russia continues uninterrupted supplies via pipelines to China, including the Skovorodino-Mohe and Atasu-Alashankou routes, as well as ESPO Blend exports by sea via the port of Kozmino.

Together, the three routes account for some 1.9 million bpd of oil.

Russia also continues to load oil from its two far eastern Sakhalin projects, shipping about 250,000 bpd from the island.

Traders also say that Russia is supplying the refineries in neighboring Belarus with around 300,000 bpd of oil.

1774376988309_now_brk_ntsb_audio_summary_260324_S3_1920x1080-zg9xjz.jpg

The two pilots killed in the collision between a passenger jet and a Port Authority fire truck at New York’s LaGuardia Airport late Sunday have been identified as Antoine Forest and Mackenzie Gunther.

The pair have yet to be officially named by authorities, who have said only that both pilots of the Canada Air Express plane died and that they were based in Canada. Their identities were confirmed by Canadian news reports and by a college that one pilot attended.

Antoine Forest, one of the pilots who reportedly died in the LaGuardia plane collision.
Antoine Forest, one of the pilots who reportedly died in the LaGuardia plane collision.via Facebook

The Federal Aviation Administration, the National Transportation Safety Board and other agencies are investigating the crash. They will seek to determine how the truck was able to cut across the jet’s path moments after it touched down on the runway.

Here’s what we know about the fatal crash.

At a news conference Tuesday afternoon, NTSB officials released preliminary information gleaned from the final three minutes of the plane’s cockpit voice recorder that showed that the fire truck was cleared to cross the runway 20 seconds before the crash.

At 2 minutes and 22 seconds, the flight crew checked in with the tower at LaGuardia, said Doug Brazy, NTSB’s senior aviation investigator.

At 2 minutes and 17 seconds, the tower cleared the airplane to land on Runway 4.

Brazy said that at 1 minute and 3 seconds, an airport vehicle made a radio transmission to the tower but that the transmission was “stepped on” by another radio transmission. NTSB Chairwoman Jennifer Homendy said that means there was some sort of interference with the transmission.

At 54 seconds, the tower advised the flight crew that the plane was at a stable approach, Brazy said.

At 40 seconds, the LaGuardia tower asked which vehicle needed to cross a runway. Brazy said the fire truck made a transmission to the tower, which the tower acknowledged. At 25 seconds, the truck requested permission to cross Runway 4. Brazy said that at 20 seconds, the tower cleared the truck to cross.

At 17 seconds, the fire truck read back the runway crossing clearance, he said. According to Brazy, the tower instructed a Frontier Airlines flight to hold position, and at 9 seconds, the tower told the fire truck to stop.

At 8 seconds, there was a sound consistent with the airplane’s landing gear touching down on the runway, he said. At 6 seconds, there was a pilot transfer of controls. Homendy told reporters that the first officer was flying the plane and transferred control to the captain.

At 4 seconds, the tower again instructed the fire truck to stop, Brazy said.

hillary-clinton-chappaqua.jpg

Former Secretary of State Hillary Clinton is returning next month to New Hampshire, the state that for a century has held the first primary in the race for the White House.

But that doesn’t mean the Democratic Party’s 2016 presidential nominee is looking to make a comeback in 2028.

While a growing number of potential contenders for the next Democratic presidential nomination have made stops in New Hampshire, as well as in South Carolina and Nevada, two other key early primary states, Clinton said in an interview last month she would not run for president again and that the party had a “good bench.”

Instead, Clinton will headline the New Hampshire Democratic Party’s (NHDP) annual spring fundraising dinner. The state party announced the news Thursday and said the gala, the McIntyre-Shaheen 100 Club Dinner, would be held April 25 in Nashua, New Hampshire.

HEAD HERE FOR THE LATEST FOX NEWS REPORTING, ANALYSIS, AND OPINION ON HILLARY CLINTON

“Through decades of public service — as first lady, a U.S. senator, and secretary of state — Secretary Clinton has fought tirelessly for women’s rights and been a champion for economic security around the world,” longtime NHDP chair Ray Buckley said. “Her work to expand voting rights, strengthen child and family leave policies and combat global health crises has made a lasting impact both here and abroad.”

Buckley told Fox News Digital Clinton will salute retiring Democratic Sen. Jeanne Shaheen for her 40 years of public service. Shaheen was the first woman in the nation’s history elected both governor and senator.

A spokesperson for Clinton told Fox News Digital the former secretary is excited about returning to New Hampshire.

But not everyone’s happy with Clinton’s return to the key New England swing state.

HILLARY CLINTON COMES OUT SWINGING FOLLOWING EPSTEIN DEPOSITION

Responding to the news, a longtime progressive leader in New Hampshire, who asked to remain anonymous to speak more freely, told Fox News Digital, “Although this may be a good invite to raise money for the party, it is another example of how completely tone-deaf the party is to the need for real change.

“As exemplary as Hillary Clinton’s conduct was with respect to the Epstein congressional subpoena, she’s yesterday’s news, hasn’t offered a new idea in decades and doesn’t serve the needs of building a new Democratic majority in New Hampshire.”

Hillary Clinton delivering 2024 DNC speech

Clinton won the 2008 New Hampshire Democratic presidential primary in her marathon battle against former President Barack Obama for the party’s nomination.

Eight years later, in her second White House bid, she lost the New Hampshire primary in a landslide to progressive champion Bernie Sanders, the senator from neighboring Vermont.

Since her loss to President Donald Trump in the 2016 general election, Clinton has returned twice to New Hampshire. She made a stop in Concord in December 2017 as part of her book tour. And she spoke at Dartmouth College in 2019.

While some on the left take issue with the optics of Clinton’s return to New Hampshire, both the former secretary of state and her husband, former President Bill Clinton, have long been supporters of New Hampshire’s cherished position at the top of the primary calendar.

Lucas Meyer, a New Hampshire-based non-profit leader and former longtime president of the New Hampshire Young Democrats, noted that “a lot of New Hampshire Democrats have a lot of affection and love for Secretary Clinton and for her service to our country.”

And Meyer, a former campaign strategist, emphasized the state party’s fundraising dinner that Clinton is headlining “is about funding the apparatus to run campaigns over the next year. Secretary Clinton has a pretty broad appeal, and since she’s not running, there’s a little more flexibility for her to raise money for the party and to attract donors to cut checks for the state.”

<!–>

–>

michael-carbonara-joe-biden.png

EXCLUSIVE: Michael Carbonara, a Republican running in the Sunshine State as a political disruptor to unseat longtime Democratic incumbent Rep. Debbie Wasserman Schultz, is pitching an idea to reduce the crippling student loan debt crisis facing the country without shifting the burden to taxpayers.

In an interview with Fox News Digital, Carbonara lamented that as America marks its 250th anniversary, “the idea of the American dream has been slipping away” for many young Americans.

He criticized Democrats for promoting affordability while proposing solutions that amount to increased taxes.

“This is the first time where the next generation actually has less opportunity and less freedom than their parents in America’s 250-year history,” he said. “Rather than just tax and tax and tax, which people are tired of, I want to put more money back into the pocket of every American, so life is affordable.”

FOREIGNERS ARE SNAPPING UP US HOMES AND STEALING THE AMERICAN DREAM OUT FROM UNDER FAMILIES

Instead of shifting responsibility to taxpayers, Carbonara blames government subsidies as the “root cause” of rising college costs. A fintech mogul and business leader who also hosts a podcast, he said government subsidies allowed schools to raise prices, making college unaffordable.

“There’s no reason that students need to pay $50,000 a year for an education and wind up with a lifetime of debt that they have to chase every year to pay off,” he said, noting, “That’s not what we want. We want people to be able to go to school, get married, have a good-paying job so they can afford to have a family.”

Carbonara said this is one of the top issues voters voice to him on the campaign trail.

“I don’t just hear from young Americans, I hear from everyone,” he explained.

“The average age of first-time home ownership is now over 40 years old, when 20, 30 years ago, it was below 30 years old,” he went on. “Let’s face it, nobody wants to get married to have kids when you live in a 700-square-foot condo in South Florida.”

VANCE TOUTS TRUMP ECONOMY GAINS DURING NORTH CAROLINA TOUR, CITES RISING HOME PURCHASES

Florida, Miami Beach, aerial of The Setai Miami Beach hotel and Collins Avenue

However, unlike former President Joe Biden’s student loan forgiveness plan, which would have put taxpayers on the hook, Carbonara said addressing government subsidies would place the responsibility on universities.

“The idea of forgiveness, we have to throw that idea out, there’s no forgiveness here,” he said. 

“It’s the university’s responsibility to step up to fix the dilemma. And we need to put together these programs for the universities to be able to fix it because again, they were the ones that received all the funding, all the tuition payments that were guaranteed by the government. So, since they benefited, it’s their responsibility to fix the issues.”

If elected, Carbonara believes he could work on both sides of the aisle to bring a bipartisan solution to the student loan crisis.

“People recognize this is a real crisis,” he said, adding, “This is going to take hard work, and it’s going to require responsibility from both students and, obviously, members of Congress.”

BIPARTISAN HOUSING PUSH ADVANCES, BUT TRUMP-BACKED INVESTOR BAN FACES RESISTANCE

American flags flying outside homes

Ultimately, Carbonara said that with the American dream spiraling out of reach for many, “we’ve come to a crossroads.”

“Do we go to the socialism route… or do we go the route of freedom where we can create opportunity and give people the tools to be self-determined and be able to be prosperous and make their own decisions in life?” he asked.

“That’s the path we need to go to. We need to return to our core values of America that made our country great and give the American freedom and the American dream opportunity back to everyone.”

<!–>

–>