Last Updated: 21:10 GMT Monday, 18 May. 2026

ICE agent charged in Minnesota with assault in shooting of immigrant

Christian Castro is the second ICE agent to be charged for actions during Operation Metro Surge, the Trump administration's mission.
CNBC   |   Mon, 18 May 2026 20:57:01

Australia news LIVE: Voters give budget worst marks in five years; Trump says planned attacks on Iran called off; WHO sends experts to the Congo as Ebola death toll reaches 110

Follow along as we bring you the latest live news updates from Australia and beyond.
Emily Kaine / Sydney Morning Herald   |   Mon, 18 May 2026 20:47:38

Trump's Efforts to Intimidate Elon Musk's Enemies Just Faced a Severe Setback

Of all the lawsuits fought and won daily against this administration, there was recently a profound moment of reckoning.
Dahlia Lithwick / Moneybox   |   Mon, 18 May 2026 20:30:54

Massie race breaks spending record as pro-Israel groups target Trump critic

Pro-Israel groups and donors spend heavily in Kentucky's Republican primary to defeat US Congressman Thomas Massie.
Al Jazeera   |   Mon, 18 May 2026 20:28:01

Oil price slumps as Trump says he called off Iran attacks

Energy markets have been on a wild ride as the key Strait of Hormuz waterway remains effectively closed.
BBC   |   Mon, 18 May 2026 20:20:29

Iran Is Winning the Vibe War

Disinformation experts need a new framework in the era of AI slop.
Peter Benzoni / Foreign Policy   |   Mon, 18 May 2026 20:19:47

Trump delays 'scheduled attack' on Iran, crediting 'serious negotiations'

Gulf states push Donald Trump to avoid any escalation in the US-Israel war on Iran, which prompted regional attacks.
Al Jazeera   |   Mon, 18 May 2026 20:12:45

Trump delays major strikes on Iran at request of Middle East leaders

The president hopes for progress in diplomatic negotiations.
Diana Nerozzi / Politico   |   Mon, 18 May 2026 20:07:57

Trump says he's postponing 'scheduled attack of Iran tomorrow' at Middle East leaders' request

The U.S. and Iran are in a stalemate centered on the Strait of Hormuz, the global oil pathway whose closure due to the war has caused an energy supply shock.
CNBC   |   Mon, 18 May 2026 20:00:56

Over 100,000 Family Separations in Trump Crackdown

New York Times: "A new analysis suggests that more than 100,000 children have been separated from their parents during the Trump administration's immigration crackdown. And roughly three-quarters of those children are likely U.S. citizens."
Taegan Goddard / Taegan Goddard   |   Mon, 18 May 2026 20:00:00

Kentucky Republican Thomas Massie is Trump revenge tour's next target

Rep. Thomas Massie will face off on Tuesday against a Trump-backed candidate in a Republican primary in Kentucky's 4th congressional district.
CNBC   |   Mon, 18 May 2026 19:55:45

STAT+: Trump's CMS to allow skimpier plans on ACA exchanges

The new plans could leave patients on the hook for more of their health care costs.
Tara Bannow / Stats   |   Mon, 18 May 2026 19:45:49

Trump says he called off new Iran attack at request of Gulf states

The US president says he is holding off on a US attack planned for Tuesday as "serious negotiations are now taking place".
BBC   |   Mon, 18 May 2026 19:43:45

Trump says he has called off Tuesday's planned Iran strike at request of Gulf allies

US President Donald Trump said he is calling off a military strike on Iran planned for Tuesday because "serious negotiations" are under way. Trump's announcement in a social media post on Monday came as he had threatened the clock was ticking for Iran to strike a deal or fighting would ...
Associated Press / South China Morning Post   |   Mon, 18 May 2026 19:43:00

'Corruption on steroids': Trump drops tax office lawsuit in return for $2.5b 'slush fund'

The settlement will create an fund" to compensate people who claim to have been victims of US government lawfare, possibly including those convicted over the January 6 riots, stunning his Democrat opponents.
Michael Koziol / Sydney Morning Herald   |   Mon, 18 May 2026 19:35:41

What to Know About the DOJ's $1.7B 'Anti-Weaponization Fund' That Could Compensate Trump Allies Investigated Under Biden

The creation of the fund, which could be used to compensate Trump allies investigated under Biden, is part of deal to resolve the President's lawsuit against the IRS.
Nandika Chatterjee / Time   |   Mon, 18 May 2026 19:32:34

Iran turns to bitcoin for shipping insurance through the Strait of Hormuz

Iran has a plan to use bitcoin as payment for insuring ships looking to transit the Strait of Hormuz as the war heads toward the end of its third month.
Samuel O'Brient / Business Insider   |   Mon, 18 May 2026 19:30:18

Trump says he called off attack on Iran planned for Tuesday

US president says the UAE, Saudi Arabia and Qatar requested that Washington suspend operation
FT   |   Mon, 18 May 2026 19:24:32

Donald Trump pauses huge strikes on Iran tomorrow - but with one condition

Donald Trump has announced he will "hold off" on huge strikes planned to target Iran tomorrow, provided peace talks go smoothly. The President revealed an attack scheduled for tomorrow might be avoided, given "serious negotiations are now taking place" - but all provided Iran forfeits nuclear capability. Taking to Truth ...
Oliver Partridge / GB News   |   Mon, 18 May 2026 19:22:19

Trump Says He's Postponing New Iran Attack

President Trump said he is calling off a plan to attack Iran on Tuesday after the heads of three regional powers in the Middle East asked him to "hold off," CNBC reports.
Taegan Goddard / Taegan Goddard   |   Mon, 18 May 2026 19:16:55

First Trump, Now Mamdani; politicians stepping into payments

Whether red or blue, leaders share an affinity for battling fintech giants, as the liberal mayor is pressuring regulators to scuttle Western Union's plan to buy digital transfer Intermex, shortly following PayPal's 'DEI settlement' with the Trump administration.
John Adams / American Banker   |   Mon, 18 May 2026 19:11:12

One key takeaway from Trump's China visit should worry Australia

US President Donald Trump went to Beijing in a weakened state. China's President Xi Jinping took full advantage.
Peter Hartcher / Sydney Morning Herald   |   Mon, 18 May 2026 19:00:00

Trump says not ready to make concessions to Iran during peace talks

The US president also made it clear that Washington may take new measures against Tehran
Tass   |   Mon, 18 May 2026 18:48:44

Bilateral relations, energy and Russian delegation members: aide on Putin's visit to China

There is no link between the visits to China by US President Donald Trump and Russian President Vladimir Putin, Yury Ushakov noted
Tass   |   Mon, 18 May 2026 18:46:31

U.S. Demands a Major Role in Greenland

"With the conflict in Iran still smoldering, President Trump's obsession with Greenland seems like a forgotten sideshow," the New York Times reports. "But for the past four months, negotiators from the United States, Greenland and Denmark, which controls Greenland's foreign affairs, have been holding confidential talks in Washington about Greenland's ...
Taegan Goddard / Taegan Goddard   |   Mon, 18 May 2026 18:43:39

Trump Just Made a Truly Shocking Admission About Iran

This wasn't a one-time gaffe.
Fred Kaplan / Moneybox   |   Mon, 18 May 2026 18:33:49

Abortion Pill Lawsuit Leaves Trump Silent

New York Times: "Four years after the Supreme Court overturned Roe v. Wade, which established a national right to abortion in 1973, it remains widely available, and the number of abortions per year has actually increased slightly. Much of that is due to the availability of abortion pills. The Food ...
Taegan Goddard / Taegan Goddard   |   Mon, 18 May 2026 18:30:00

Justice Dept. Announces $1.8 Billion Fund in Settling I.R.S. Suit

The dismissal appears to be part of the Trump administration's effort to effectively settle the case, which stemmed from the leak of his tax returns in 2019.
Glenn Thrush, Andrew Duehren and Alan Feuer / NY Times   |   Mon, 18 May 2026 18:22:05

Trump's Collusive 'Anti-Weaponization Fund' Takes a Page from the Left's Playbook

Once again, Trump is doing the quiet part loudly.
Dan McLaughlin / National Review   |   Mon, 18 May 2026 18:19:21

For better or worse, investors are living through Trump's stock market. Here's why

President Donald Trump has been considered the ultimate stock market president, overseeing an expansion to record highs as well as major declines.
CNBC   |   Mon, 18 May 2026 18:13:31

Trump's China trip highlights bipartisan shift in Washington's approach to Beijing

Congressional reaction to US President Donald Trump's visit to China highlighted how sharply Washington's political consensus on Beijing has shifted in recent years, with lawmakers from both parties warning against any perceived softening of US support for Taiwan or broader strategic competition with China. While Democrats criticised Trump for appearing ...
Teresa Elena Frontado / South China Morning Post   |   Mon, 18 May 2026 18:07:43

Taiwan welcomes chance for Trump to talk with Lai

Taipei Times   |   Mon, 18 May 2026 18:07:28

Brothers in Humiliation

Confident in the belief that there is nothing their respective militaries cannot do, Vladimir Putin and Donald Trump led their countries into wars that failed virtually from the start. Now, they are looking to each other for help getting out of the messes they made, but neither holds winning cards.
Carl Bildt / Project Syndicate   |   Mon, 18 May 2026 18:04:54

When 'Safe' Seats Are No Longer Safe

A new New York Times/Siena College poll finds President Trump's approval rating has fallen to just 37%. But that may not be the most important number in the survey. Join now to continue reading. Members get exclusive analysis, bonus features and no advertising. Learn more. If you're already a member, ...
Taegan Goddard / Taegan Goddard   |   Mon, 18 May 2026 17:58:12

Trump pivots to midterms, affordability after China summit as Iran war persists

Trump, at a White House event Monday, is expected to announce an expansion of the number of discounted prescription drugs offered through TrumpRX.
CNBC   |   Mon, 18 May 2026 17:50:52

Movement on Ending the War in Iran?

Playbook: "After Trump's weekend threats seeking to pressure Iran into concessions, an Iranian state news agency claimed that the U.S. had put forth an offer for temporary sanctions relief on Iranian oil, per Bloomberg. If true (the Trump administration hasn't confirmed), that could indicate some movement toward a negotiated agreement." ...
Taegan Goddard / Taegan Goddard   |   Mon, 18 May 2026 17:46:47

Trump Makes It Even Easier for Him to Ignore Protesters

The White House is replacing a space known for protests with a parking lot for a month of major national events-including Donald Trump's birthday. Over the weekend, a pedestrianized stretch of Pennsylvania Avenue between the White House and Lafayette Square Park was painted with yellow lines denoting parking spaces. The ...
Edith Olmsted / New Republic   |   Mon, 18 May 2026 17:41:33

Trump drops IRS lawsuit, sets up $1.7bn US anti-weaponisation fund

The new fund has led to widespread pushback from Democrats and government watchdog groups.
Al Jazeera   |   Mon, 18 May 2026 17:39:46

Trump to swear In Warsh as Fed chair on Friday, White House says

A White House official said that the president will swear in Kevin Warsh, who was confirmed as the next chair of the Federal Reserve last week, in a ceremony Friday. Fed Chair Jerome Powell will serve as chair pro tempore until that time.
American Banker   |   Mon, 18 May 2026 17:37:55

Inside Trump's $1.8 Billion 'Anti-Weaponization Fund'

Wall Street Journal: "Acting Attorney General Todd Blanche will appoint a five-person commission to administer the Fund," which will last through Dec. 15, 2028, and have the power to issue apologies and pay people who submit claims. Trump will be able to fire commission members." "The fund will receive $1.776 ...
Taegan Goddard / Taegan Goddard   |   Mon, 18 May 2026 17:36:48

'Reduce China's ability to stockpile discounted oil': Trump admin extends sanctions waiver on Russian crude - what it means for India

Earlier today petroleum ministry joint secretary Sujata Sharma said that India will continue importing Russian crude based on commercial practicality and its energy security requirements, regardless of whether US sanctions waivers are in place.
TOI Business Desk / Times of India   |   Mon, 18 May 2026 17:28:33

How Trump became political kryptonite

The president's 'populist war' in Iran is dooming his allies and leaders who sought his favour
FT   |   Mon, 18 May 2026 17:26:15

IEA chief: Only weeks of oil inventories left thanks to Iran war

With no end in sight to the Strait of Hormuz crisis caused by President Donald Trump's illegal war with Iran, the head of the International Energy Agency warned Monday that global energy supplies are running dangerously low. IEA executive director Faith Birol told reporters in Paris that the world only ...
Brad Reed and Julia Conley / Asia Times   |   Mon, 18 May 2026 17:25:14

US says Iran's new proposal 'insufficient for a deal' - media

According to the report, Iran rejects many of Donald Trump's demands and refuses to make any meaningful concessions on its nuclear program
Tass   |   Mon, 18 May 2026 17:22:51

Nvidia earnings call drama: Will Jensen Huang talk 'Trump' and China chips after Xi summit?

Both Nvidia's earnings and its commentary on its financial report are expected to be big tests for U.S. equities.
CNBC   |   Mon, 18 May 2026 17:18:54

Trump dismisses $10B IRS lawsuit as DOJ reportedly finalizes $1.776B fund for his allies

President Donald Trump on Monday filed a notice of voluntary dismissal with prejudice of his $10 billion lawsuit against the Internal Revenue Service and the Treasury Department in the US District Court for the Southern District of Florida. The case, filed in January, alleged that the IRS and Treasury failed ...
Ingrid Burke Friedman | JURIST Editorial Director / JURIST   |   Mon, 18 May 2026 17:12:05

Kevin Warsh to be sworn in as Federal Reserve chair on Friday

Trump will swear in Kevin Warsh, his hand-picked choice to lead the Federal Reserve, during a White House ceremony.
CNBC   |   Mon, 18 May 2026 17:03:42

Did Trump Trade Taiwan To China To End The Iran And Russia Wars?

As U.S. President Donald Trump landed in Beijing last Wednesday for a two-day summit with his Chinese counterpart Xi Jinping, his aides would have been acutely aware that he had faced extensive criticism in the past for his cosy dealings with the Chinese leader before, especially during his first presidential ...
Simon Watkins / Oil Price   |   Mon, 18 May 2026 17:00:00

Donald Trump posts bizarre picture walking alongside ALIEN in chains

Donald Trump posted a peculiar AI-generated image of himself walking alongside a handcuffed alien at a US military base last night, just 10 days after the UFO files were released. The image, posted to his Truth Social account on Sunday evening, depicts the President and bodyguards seemingly escorting the extraterrestrial ...
Oliver Partridge / GB News   |   Mon, 18 May 2026 16:48:50

Here's How Many Families Trump Has Separated-and It's Staggering

Tens of thousands of children have been separated from their families during the Trump administration's immigration crackdown, according to a new analysis by the Brookings Institution . The report, released Monday, suggests that more than 145,000 children have been separated from their parents since Donald Trump returned to office in ...
Ellie Quinlan Houghtaling / New Republic   |   Mon, 18 May 2026 16:46:15

Federal Prosecutors Move to Drop Bribery Case Against Indian Magnate

Gautam Adani had been accused of lying to American investors about payoffs in India. The end of the case came as President Trump has signaled a transactional approach to justice.
Santul Nerkar and Alex Travelli / NY Times   |   Mon, 18 May 2026 16:24:22

MAGA Senator Calls on More Iran Bombing for Absurd Reason

Senator Rick Scott thinks President Trump should "bomb the living daylights" out of Iran so that "we all don't get killed" by Iran's nonexistent nuclear weapon. The GOP hardliner stumped for more death, destruction, and war crimes against Iranians on Fox Business Monday morning. "President Trump is busting his butt. ...
Malcolm Ferguson / New Republic   |   Mon, 18 May 2026 16:23:59

OCC finalizes rule preempting state escrow interest

The Office of the Comptroller of the Currency issued a final rule saying that federal law trumps state mandates on interest in escrow accounts for national banks, wading into an ongoing court battle.
Ebrima Santos Sanneh / American Banker   |   Mon, 18 May 2026 16:23:31

Trump Bashes Media for Suggesting Iran Is Winning War

President Trump raged on Truth Social over media reports that Iran has the upper hand in its war with the United States: If Iran surrenders, admits their Navy is gone and resting at the bottom of the sea, and their Air Force is no longer with us, and if their ...
Taegan Goddard / Taegan Goddard   |   Mon, 18 May 2026 16:15:20

The CIA Goes to Cuba

Peter Kornbluh After decades of covert operations, the CIA director has given the Cubans an overt ultimatum for change on the island. The post The CIA Goes to Cuba appeared first on The Nation .
Peter Kornbluh / The Nation   |   Mon, 18 May 2026 16:09:44

Trump Turns Up the Heat on Cuba

Financial Times: "The Trump administration is sharply escalating its pressure campaign to get Cuba to open up its economy and allow greater political freedoms." "Even as the conflict in Iran continues, the US is using a mix of threats and inducements - including new sanctions, potential indictments and offers of ...
Taegan Goddard / Taegan Goddard   |   Mon, 18 May 2026 16:00:00

Justice Department Sets Up Slush Fund for Trump Allies

New York Times: "The Trump administration announced on Monday the establishment of a $1.776 billion fund to compensate people who claim they were targeted by the Biden Justice Department, creating a potential pipeline to funnel taxpayer money to his allies and supporters." "The highly unusual plan - slammed by critics ...
Taegan Goddard / Taegan Goddard   |   Mon, 18 May 2026 15:59:37

Trump's Military Moves Spark Tsunami of Insider Trading

Prediction market analysts uncovered what looks like blatant insider trading within the U.S. military after a group of nine connected Polymarket accounts won more than $2.4 million by placing bets on Donald Trump's war in Iran. Nicolas Vaiman, the CEO of data analytics firm Bubblemaps, told CBS's 60 Minutes Sunday ...
Edith Olmsted / New Republic   |   Mon, 18 May 2026 15:44:45

Trump Gives Bizarre Message to Half-Empty Christian Nationalist Event

Practically no one attended Donald Trump's eight-hour religious program Sunday on Washington's National Mall. Even the president-or his cabinet members-couldn't be bothered to show up to Rededicate 250 , which was billed as a "national jubilee of prayer, praise and thanksgiving." A smattering of people attended the outdoor event, held ...
Ellie Quinlan Houghtaling / New Republic   |   Mon, 18 May 2026 15:44:10

Trump may resume operation against Iran if it makes no concessions - TV

According to the source, the US leader's patience is "beginning to run out due to a lack of progress"
Tass   |   Mon, 18 May 2026 15:43:37

The Republican Collapse Has Begun

Today's New York Times/Siena College poll underscores the problem Donald Trump poses for Republicans heading into November. His overall approval rating is just 37% - right in line with other recent surveys showing a president badly underwater. Join now to continue reading. Members get exclusive analysis, bonus features and no ...
Taegan Goddard / Taegan Goddard   |   Mon, 18 May 2026 15:33:58

Former US negotiator with Iran: Trump falling into Vietnam trap

Rob Malley argues that current talks have 'very small chance of success'.
Al Jazeera   |   Mon, 18 May 2026 15:31:21

Trump Treated His Evangelical Supporters Like Dogs This Weekend

Instead of attending his administration's nine-hour prayer festival on Sunday, President Trump decided to play golf at his club in northern Virginia. Rather than speak at the Christian nationalist event, held as part of the America250 celebrations for the anniversary of the signing of the Declaration of Independence in 1776, ...
Hafiz Rashid / New Republic   |   Mon, 18 May 2026 15:30:03

Trump Flexes His Muscles with Republicans

Wall Street Journal: "If the past couple of weeks have shown anything, it's that President Trump has still got it." "And the 'it' is his ability to clean house in the GOP, tossing overboard party members who he alleges aren't loyal to his brand of conservatism."
Taegan Goddard / Taegan Goddard   |   Mon, 18 May 2026 15:30:00

Trump moves to dismiss $10bn lawsuit against IRS amid reports he's considering settlement

Settlement with the US government would create $1.7bn fund to compensate allies for supposed persecution Sign up for the Breaking News US newsletter email Donald Trump moved to dismiss a $10bn lawsuit against the IRS on Monday, dropping his claims amid reports he is considering a settlement with the federal ...
Sam Levine in New York / Guardian   |   Mon, 18 May 2026 15:23:28

Yield Curves under Trump 2.0

Reversing the pattern of declining curves, the curve has steepened since the War's start. Figure 1: Yield curve as of 1/21/2025 (blue), as of 4/10 (tan), as of 2/27 (green), and as of 5/15 (sky blue), all in %. Source: Treasury. My interpretation: 1 to 3 year maturities fell as ...
Menzie Chinn / Econbrowser   |   Mon, 18 May 2026 15:20:57

'Waiver or no waiver': Six reasons why India will continue to buy Russian crude oil despite Trump sanctions

India remains the largest buyer of Russian seaborne crude, with imports touching near-record levels in April and May following previous sanctions-related relaxations.
TOI Business Desk / Times of India   |   Mon, 18 May 2026 15:19:28

Trump Just Launched a Taxpayer-Funded $1.8 Billion MAGA Slush Fund

President Trump is officially dropping his $10 billion lawsuit against the Internal Revenue Service, opting instead to create a $1.8 billion fund to further enrich himself, January 6 rioters, and virtually any right-winger who felt targeted by the Biden administration. Trump initially attacked the IRS for allegedly allowing "a rogue, ...
Malcolm Ferguson / New Republic   |   Mon, 18 May 2026 15:15:59

No link between Trump and Putin's visits to China - Kremlin aide

Yury Ushakov noted that Moscow usually agrees on a plan for negotiations with Beijing in advance
Tass   |   Mon, 18 May 2026 15:15:18

Trump Settles $10 Billion Lawsuit Against the IRS

"President Trump and the Justice Department reached a settlement regarding the president's $10 billion lawsuit against the Internal Revenue Service and Treasury Department, according to documents filed with the court Monday," CBS News reports. "In a footnote at the bottom of Monday's filing, Trump's lawyers argued that the motion to ...
Taegan Goddard / Taegan Goddard   |   Mon, 18 May 2026 15:10:35

Trump ballroom money in question after Senate parliamentarian rules. Thune says GOP will persist

Senate Majority Leader John Thune, R-S.D., said the GOP will refine its approach to seeking money for President Donald Trump's White House ballroom.
CNBC   |   Mon, 18 May 2026 15:09:46

Unbeatable China? Beijing a global focal point as Russia pins hopes on Putin-Xi summit

US President Donald Trump might now "more clearly" understand that the US "cannot defeat China" but that it must instead engage a stronger Beijing, according to a prominent Chinese political scientist. Zheng Yongnian, an adviser to the Chinese government, also noted that Beijing had taken a "central position" in trilateral ...
Orange Wang,Victoria Bela / South China Morning Post   |   Mon, 18 May 2026 15:00:06

Iran Could Be Trump's Greatest Failure

A lot of things have gone horribly wrong-and it's not over yet.
Ravi Agrawal / Foreign Policy   |   Mon, 18 May 2026 14:52:06

Donald Trump's approval rating sinks to lowest point of second term

US president's approval rating falls to 37% days after he said Americans' financial situation is not motivating him to broker deal with Iran Donald Trump's approval rating has fallen to its lowest point of his second term, amid mounting frustration over the cost of living and the US-Israel war on ...
Joseph Gedeon in Washington / Guardian   |   Mon, 18 May 2026 14:44:27

Marjorie Taylor Greene Warns of 'Political Revolution' in America If Trump Sends U.S. Troops to Iran

The former Congresswoman's warning comes as Trump's at-home approval rating plummets amid the fallout of the Iran war.
Callum Sutherland / Time   |   Mon, 18 May 2026 14:41:11

The Great Gen Z Dividing Line

A little less than two years ago, Gen Z underwent a rebrand. Donald Trump had just been reelected. Exit polls suggested that young voters-especially young men-had helped deliver the Republican victory. Rather suddenly, a generation associated with climate activism and trigger warnings became known for manosphere podcasts, fiscal conservatism, and ...
Faith Hill / The Atlantic   |   Mon, 18 May 2026 14:40:23

Trump Gloats about "Making a Fortune" While Americans Suffer

Jeet Heer As his war in Iran wreaks havoc, Trump is fixated on personal glory and enrichment. The post Trump Gloats about "Making a Fortune" While Americans Suffer appeared first on The Nation .
Jeet Heer / The Nation   |   Mon, 18 May 2026 14:31:23

Quote of the Day

"When you look at the odds, China is a very, very powerful, big country. That's a very small island. Think of it; it's 59 miles away. We're 9,500 miles away. That's a little bit of a difficult problem." - President Trump, speaking to Fox News about Taiwan after returning from ...
Taegan Goddard / Taegan Goddard   |   Mon, 18 May 2026 14:30:02

New Fed Chair Faces Pressure as Oil Prices Fuel Inflation

The U.S. Federal Reserve is set to begin a new era after former governor Kevin Warsh won a highly polarized 54-45 Senate confirmation vote to replace Jerome Powell as the Fed Chair. A close ally of U.S. President Donald Trump, Warsh will face a difficult job balancing complicated policies and ...
Alex Kimani / Oil Price   |   Mon, 18 May 2026 14:30:00

Trump drops $10bn lawsuit against IRS and Treasury

Legal action stemmed from leak of tax documents
FT   |   Mon, 18 May 2026 14:23:40

Lindsey Graham Brags About How GOP Is Just a Trump Cult Now

MAGA Republicans are teaching a scary lesson in the wake of Senator Bill Cassidy's weekend primary loss: Do not cross Donald Trump. South Carolina Senator Lindsey Graham appeared on NBC News's Meet the Press Sunday to spread the word. "Are you glad that Senator Cassidy is no longer going to ...
Ellie Quinlan Houghtaling / New Republic   |   Mon, 18 May 2026 14:23:03

Most Americans believe Trump made a mistake launching Iran war - poll

Americans cited the war's strong impact on the US economy as the main reason that it should not have been launched
Tass   |   Mon, 18 May 2026 14:16:16

A Different Kind of Fading President

Jonathan Lemire: "Joe Biden became quieter, while Donald Trump grows even louder."
Taegan Goddard / Taegan Goddard   |   Mon, 18 May 2026 14:05:51

Trump Voter Says He Gets Now How Hitler Could Millions

A CSPAN caller who identified himself as a three-time Donald Trump voter compared the president to Adolf Hitler. In a damning pulse-check on Trump's second term, a caller, who identified himself as "Thomas from Hawaii," told CSPAN's Washington Journal Saturday that he regrets supporting Trump after realizing he was "the ...
Edith Olmsted / New Republic   |   Mon, 18 May 2026 13:58:53

Trump drops $10 billion lawsuit against IRS

Trump sued the IRS in late January over the leak of his tax information by an IRS employee Charles "Chaz" Littlejohn in 2019 and 2020.
CNBC   |   Mon, 18 May 2026 13:55:39

Trump Allows Russian Oil Waiver to Expire

The Trump administration has allowed a controversial waiver on sanctions targeting Russian seaborne oil to expire, reimposing restrictions that had temporarily enabled countries such as India to continue purchasing Russian crude despite Western efforts to curb Moscow's wartime revenues. The move, which took effect on May 16 after the Treasury ...
RFE/RL staff / Oil Price   |   Mon, 18 May 2026 13:52:00

Trump Withdraws His $10 Billion Suit Against the IRS

New York Times: "President Trump withdrew his lawsuit demanding at least $10 billion against the Internal Revenue Service, which could allow his private lawyers and the Justice Department to enter into a settlement agreement without feedback from the judge overseeing the case." "The dismissal is the latest legal turn in ...
Taegan Goddard / Taegan Goddard   |   Mon, 18 May 2026 13:48:28

Why Did Trump Just Post an Image of Him With a Buff, Shackled Alien?

President Trump capped off a long weekend of boomer-AI shitposting on Truth Social with a bizarre picture of him walking next to a handcuffed alien. The Sunday afternoon post, made without comment, is perhaps his strangest since he posted himself as AI Jesus. And its timing makes no sense given ...
Malcolm Ferguson / New Republic   |   Mon, 18 May 2026 13:47:15

The Fat Pipe May 18th, 2026: No War This Weekend, Brutal Oil Math, Bond Distress, and Ugly Drone Realities.

Good news; there wasn't a resumption of war this weekend. Bad news, there's lots of chatter now about more war. Meanwhile, oil and inflationary realities are rapidly mounting for Trump, the US and the world.
Chris Martenson / Peak Prosperity   |   Mon, 18 May 2026 13:38:35

U.S. and Iran Far From Deal

Bloomberg: "The U.S. and Iran remained far apart on a deal to end weeks of war and reopen the Strait of Hormuz, with President Trump expressing renewed frustration with Tehran as a selloff in global bonds heightened concern about the conflict's economic fallout."
Taegan Goddard / Taegan Goddard   |   Mon, 18 May 2026 13:35:24

Trump Just Hit a Pathetic New Low

Less than one-third of Americans think President Trump's war with Iran was a good idea. A new poll from The New York Times and Siena University shows Trump's decision to go to war has hurt his popularity, with his approval rating falling to a second term low of just 37 ...
Hafiz Rashid / New Republic   |   Mon, 18 May 2026 13:32:56

Democrats' 'Electability' Shapes Iowa's Senate Race

NOTUS: "Winning statewide feels like an existential necessity for Iowa Democrats in 2026, after President Donald Trump clinched Iowa three times with an expanding working-class voters base." "That's why Josh Turek and Zach Wahls are scrambling to seize the 'most electable' superlative ahead of the June 2 primary - Turek ...
Taegan Goddard / Taegan Goddard   |   Mon, 18 May 2026 13:11:05

Texas Runoff Pits Two Trump Allies Against Each Other

Bloomberg: "While Cornyn rhetorically bear-hugs President Trump at every turn, he's struggling to persuade enough GOP voters that he's the White House's best ally in the Senate. Many of the staunchest Trump supporters are backing Ken Paxton, the state's attorney general, as early voting begins Monday ahead of a May ...
Taegan Goddard / Taegan Goddard   |   Mon, 18 May 2026 13:07:07

Trump's Retribution Campaign Creates Risks for GOP

Bloomberg: "If Massie loses, it will add an exclamation point to the president's revenge tour. It will also up the ante for Texas Senator John Cornyn and state AG Ken Paxton, who have a runoff May 26 and have vied for Trump's endorsement." "And it adds another layer of fear ...
Taegan Goddard / Taegan Goddard   |   Mon, 18 May 2026 13:05:29

China 'EATING OUR LUNCH' Amid US EMPIRE DECLINE

Professor Robert Pape interviewed by Krystal Ball and Saagar Enjeti on Breaking Points (May 14 2026) 17:22 minutes 275,195 views 2,040,00 subscribers Krystal and Saagar are joined by Professor Pape to discuss the latest on Trump's trip to China and the war in Iran. Robert Pape: Sign up for a ...
Author / Bill Totten   |   Mon, 18 May 2026 13:00:25

Trump's Taiwan independence comments: a blow to William Lai and ruling DPP?

Donald Trump's comment that he is "not looking to have somebody go independent" has sparked debate in Taiwan over whether it undermines the ruling party's pro-independence platform. Trump made the remark after last week's summit with Chinese leader Xi Jinping in Beijing, where Taiwan emerged as one of the most ...
Lawrence Chung / South China Morning Post   |   Mon, 18 May 2026 13:00:05

What Are the Costs to the GOP of Trump's Vendettas?

Stephen Collinson: "Trump's hardball Louisiana play was another stunning display of his power over his own party and his capacity to leverage the support of his most committed supporters, even as a second-term president who has never been more unpopular nationwide." "This political superpower explains why the president has not ...
Taegan Goddard / Taegan Goddard   |   Mon, 18 May 2026 13:00:00

US pushing forward bill imposing sanctions on countries purchasing Russian oil

US Senator Lindsay Graham said this would give President Donald Trump another powerful tool to lead on the world stage
Tass   |   Mon, 18 May 2026 12:53:29

Trump Advisers Fear China May Attack Taiwan

"Some close advisers to President Trump fear the biggest substantive result of the China summit is heightened danger that Chinese President Xi Jinping will invade Taiwan in the next five years, potentially choking off the chips used to power AI to U.S. companies," Axios reports.
Taegan Goddard / Taegan Goddard   |   Mon, 18 May 2026 12:45:00

Trump's Iran threat, Berkshire's airline bet, Lululemon's proxy battle and more in Morning Squawk

Here are five key things investors need to know to start the trading day.
CNBC   |   Mon, 18 May 2026 12:33:32

China and Russia hold trade expo as Putin and Trump visits draw global attention

China is stepping up economic engagement with Russia by hosting the 10th edition of a major bilateral expo ahead of Russian President Vladimir Putin's expected trip to Beijing this week - just days after his American counterpart, Donald Trump, visited there last week. The back-to-back visits to the Chinese capital ...
Frank Chen / South China Morning Post   |   Mon, 18 May 2026 12:30:08

Takaichi Endorses Supplemental Budget, Trump Escalates Rhetoric Toward Iran, And Markets Spooked

Seeking Alpha   |   Mon, 18 May 2026 12:12:00

The Next ICE Director Will Need More Than Loyalty to Trump, Former ICE Officials Say

David Venturella will inherit ICE amid criticism, congressional scrutiny, and questions over how the agency carries out Trump's immigration agenda.
Philip Wang / Time   |   Mon, 18 May 2026 12:00:00

Global oil prices and bond yields rise after Trump warns Iran over stalled peace talks

Energy markets have been on a wild ride as the key Strait of Hormuz waterway remains effectively closed.
BBC   |   Mon, 18 May 2026 11:37:38

Submit your questions: Is Trump's economic agenda working?

Take part in a live Ask an Expert Q&A with the FT's senior US columnists Edward Luce and Rana Foroohar on Thursday May 21 at 1pm BST
FT   |   Mon, 18 May 2026 11:35:59

A peaceable Trump-Xi meeting may set up follies for the future

The system of managed trade towards which the US and China seem to be moving is unlikely to work well
FT   |   Mon, 18 May 2026 11:31:01

You Can't Escape AI Anymore

AI has ascended to the role of main character. When Donald Trump traveled to Beijing for an historic summit last week, AI was one of the central topics of his discussions with Xi Jinping. As the two nations remain locked in a technological arms race, the president brought along some ...
Matteo Wong / The Atlantic   |   Mon, 18 May 2026 11:30:00

Trump and Xi will not determine Taiwan's fate

China assumes that the island would be helpless without American support - that is a dangerous mistake
FT   |   Mon, 18 May 2026 11:23:59

Kentucky's Unprecedented Primary

Playbook: "It's the last day of campaigning in the most-expensive House primary in history. Cabinet secretaries are hitting the campaign trail, Trump is hammering away on Truth Social, long-suffering residents are besieged by a blitz of TV ads. For the next 48 hours, Kentucky's 4th Congressional District will be the ...
Taegan Goddard / Taegan Goddard   |   Mon, 18 May 2026 11:19:18

Trump sanctions: India puts energy security first; says buying Russian crude oil irrespective of US waiver

Addressing a media briefing on Monday, Sharma said India had been sourcing oil from Russia before the waiver period, during it, and continues to do so now as well.
TOI Business Desk / Times of India   |   Mon, 18 May 2026 11:09:56

Trump Warns Iran 'Clock Is Ticking'

President Trump told Axios in a phone call that "the clock is ticking" for Iran and warned that if the Iranian regime doesn't come with a better offer for a deal, "they are going to get hit much harder."
Taegan Goddard / Taegan Goddard   |   Mon, 18 May 2026 11:06:31

Trump Abandons the Dreamers

"President Trump talks sympathetically about the country's 500,000 Dreamers - but his administration is putting them in the crosshairs for deportation," Axios reports. "The recipients of the Obama-era Deferred Action for Childhood Arrivals (DACA) program are finding it no longer reliably protects them from deportation or disruptions to their ability ...
Taegan Goddard / Taegan Goddard   |   Mon, 18 May 2026 11:05:12

What to Know About the Long Island Rail Road Strike

Commuters in New York are set to face transport disruption as rail service workers and transport authorities struggle to reach a deal.
Chad de Guzman / Time   |   Mon, 18 May 2026 11:00:14

Redistricting Wars Shift to South Carolina

"An effort to reshape South Carolina's congressional districts will get its first full airing Monday in the state House, as lawmakers launch a lengthy and potentially testy discussion on whether to accede to President Donald Trump's desires for a U.S. House map that could yield a clean sweep for Republicans," ...
Taegan Goddard / Taegan Goddard   |   Mon, 18 May 2026 10:59:15

Bitcoin slides below $77,000 as Trump's Iran warning rattles risk assets

Bitcoin and ether sank after the U.S. president told Iran the "clock is ticking," sending oil higher and triggering broad crypto liquidations.
Omkar Godbole / CoinDesk   |   Mon, 18 May 2026 10:50:13

Transcript: Trump Rages Wildly at Journo-and Exposes Big Iran Blunder

The following is a lightly edited transcript of the May 18 episode of The Daily Blast podcast. Listen to it here . Greg Sargent: This is The Daily Blast from The New Republic , produced and presented by the DSR Network. I'm your host, Greg Sargent. Donald Trump doesn't understand ...
The Daily Blast With Greg Sargent / New Republic   |   Mon, 18 May 2026 10:47:55

Trump says he should've asked for 'more' of Intel when negotiating stake with CEO

The chipmaker's stock has soared since the U.S. equity deal in August gave the government 9.9% of the company.
CNBC   |   Mon, 18 May 2026 10:40:52

Deputy prime ministers, ministers, CEOs to be part of delegation to China - Kremlin

Asked whether the Russian delegation would be larger than that of US President Donald Trump, who visited China last week, Dmitry Peskov said that Russia "is not competing with anyone in terms of the composition of its delegations"
Tass   |   Mon, 18 May 2026 10:34:10

A Crack in the Polling Floor Puts Trump in New Territory

Nate Cohn: "Just 37 percent of Americans approve of his performance as president, a drop of four percentage points from the last Times/Siena poll in January and his lowest approval rating in any Times/Siena survey in either term." "A four-point decline isn't necessarily huge, but it puts Mr. Trump's ratings ...
Taegan Goddard / Taegan Goddard   |   Mon, 18 May 2026 10:11:11

Trump's Approval Sinks Amid Unpopular War

"Most voters think President Trump made the wrong decision to go to war with Iran, a New York Times/Siena poll found, leaving the Republican Party on rocky political footing heading into the midterm elections as his approval rating sinks and economic concerns rise." "Majorities of voters said that the war ...
Taegan Goddard / Taegan Goddard   |   Mon, 18 May 2026 10:08:55

Last Updated: 21:10 GMT Monday, 18 May. 2026     |     enquire