In the 160-year history of wars and oil prices, conflicts like the American Civil War and the Second Arab-Israel war have led to significant increases in oil prices. Despite relatively muted increases during subsequent conflicts and Russia’s invasion of Ukraine, prices still more than doubled. The current conflict involving Iran, Israel, Hezbollah, and the United States mirrors past events, like Egyptian President Gamal Abdel Nasser’s closure of the Suez Canal in 1956-57, impacting global oil supply.
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‘60 Minutes’ Head Producer Says He Won’t Apologize Over Trump’s Lawsuit
The head of "60 Minutes" refuses to apologize in a potential settlement with President Trump over a lawsuit against CBS for allegedly editing an interview with Kamala Harris. Paramount is seeking a settlement to help secure a merger, causing tension within CBS News. Bill Owens, the executive producer, stands firm on not apologizing and plans to submit unedited materials to the FCC. Full Article
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