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ANG RORN

Gas prices are falling toward $4 a gallon but outlook uncertain, analysts say

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  Gas prices have fallen toward $4 per gallon in recent weeks, nearing the milestone as oil costs have eased in response to negotiations between the United States and Iran . The national average price of a gallon of gas stands at $4.10, marking a decline of 40 cents, or 8.8%, over the past month, AAA data showed. Gas prices, however, remain $1.12 higher than where they stood before the Iran war. The national average price could drop below $4 over the coming days, though that outcome is hardly guaranteed, some analysts said. An ongoing global oil shortage threatens to rekindle price increases, especially in the event of escalating tensions in Ramanan Krishnamoorti, a professor of petroleum engineering at the University of Houston, said he expects gas prices to fall below $4 a gallon within as little as seven days. Still, he voiced uncertainty about the staying power of the potential relief. "I think you should be very, very skeptical," Krishanamoorti said. "Any global c...

Judge rejects legal effort to cancel White House's UFC event

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  The White House can host an Ultimate Fighting Championship event on the South Lawn this weekend, a federal judge ruled on Friday.  U.S. District Judge Amit Mehta rejected a request to block the high-profile event brought by two Virginia residents who alleged the Trump administration's authorization for the event was unlawful.  In his order, Judge Mehta determined that the plaintiffs failed "to establish both a substantial likelihood of standing and irreparable harm" in their lawsuit against the event.  The lawsuit alleged the event -- which includes a press conference at the Lincoln Memorial on Friday, ceremonial weigh-in and concert at the Ellipse on Saturday, and the South Lawn fight on Sunday -- violated National Park Service regulations, was improperly permitted, and lacked a necessary environmental review. In his order, Judge Mehta found neither plaintiff was able to show they are "directly affected" by the event, despite their contentions that the tem...

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Trump and Iran say an agreement is close However, many questions remain, with Tehran and Washington offering different accounts of what's in the framework to be signed.

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  •  Push for a US-Iran agreement: The White House is signaling optimism about a prospective agreement with Tehran, voicing confidence that it will earn buy-in from Iranian leadership and Israel after weeks of negotiations on the most intractable issues, including the future of Iran’s nuclear program . • Remaining questions: US President Donald Trump lashed out Friday at Iranian state media reports that differed from US descriptions of the potential terms, adding uncertainty to the state of talks. It’s not yet clear if Iran’s supreme leader has signed off , but the country’s foreign ministry is also signaling that a framework is in reach . • Next steps: A signed memorandum of understanding would trigger 60 more days of “technical” negotiations on implementation and remaining issues, according to a US official. While sources said a signing ceremony could be held in Switzerland in the coming days, Iran’s foreign minister suggested the signing could take place remotely . ...

Judge issues injunction blocking administration's 'Anti-Weaponization Fund

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A federal judge on Friday issued an injunction blocking the Trump administration from establishing its $1.8 billion "Anti-Weaponization Fund" after expressing concerns that senior officials have not put in their commitment to not move forward with the fund in writing. U.S. District Judge Leonie Brinkema repeatedly cited acting Attorney General Todd Blanche 's refusal to commit to not moving forward with the fund under penalty of perjury, as well as President Donald Trump 's own words suggesting he was disappointed that the government might not establish the fund so that those charged in connection with the Jan. 6 Capitol attack could be compensated. "If it was up to me, I'd pay them the kind of money that they deserve. People have been destroyed. Lives have been destroyed," Trump said during an interview with NBC's Meet the Press that aired over the w eekend. The fund, which was announced last month by the DOJ to compensate those who allege th...