Elon Musk and his team’s efforts to permanently shutter the U.S. Agency for International Development were found to likely violate the Constitution by a federal judge. The judge ruled that Mr. Musk acted as a U.S. officer without proper appointment by President Trump, ordering agency operations to be partially restored and prohibiting further shutdown work. Secretary of State Marco Rubio was noted to have assumed control of the agency, canceling programs and contracts, leading to a warning from the judge against further defiance of the law.
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Oil prices jump after U.S. strike on Iranian nuclear facilities
Oil prices surged and stock futures declined amid rising concerns over economic repercussions from U.S. strikes on Iran's nuclear facilities, with fears about access to the Strait of Hormuz, a crucial oil transit route. Analysts warned that disruptions could lead to significant increases in oil and gas prices, while Iran's parliament considered closing the strait, despite potential harm to its economy and ties with China. Need More Context? 🔎
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