InsiderWire Staff

The Trump administration opened its new tariff refund portal Monday, beginning the process of returning $166 billion to U.S. importers after the Supreme Court struck down the levies as unlawful in February.U.S. Customs and Border Protection launched the CAPE system to handle what could become the largest government repayment effort in American history. The system consolidates electronic payments to streamline what would otherwise require processing millions of individual refund claims entry by entry.&quot;It's essentially a fast track for processing refunds,&quot; said Reed Smith partner Michael Lowell. &quot;Customs is estimating that refunds will be processed within 60 to 90 days after submission. If importers file as soon as the system opens, refunds could begin flowing by mid-June to mid-July.&quot;The February Supreme Court decision invalidated tariffs that had generated record revenue since Trump's return to office, as Insider Wire <a href="https://insiderwire.com/en/news/us-customs-launches-166-billion-tariff-refund-portal-monday?language_id=1">previously reported</a>. American businesses absorbed billions in upfront tariff costs, often passing them to consumers through higher prices on everything from electronics to raw materials.Monday's launch represents only the first phase of the refund effort. Not all importers or tariff categories qualify immediately, meaning some businesses will wait longer to recover their payments. Many companies are expected to rush their filings to reclaim money paid under the now-invalid tariffs.The administration isn't abandoning its trade agenda despite the legal setback. Trump quickly imposed new tariffs under Section 122 authority following the Supreme Court ruling, though those measures already face fresh legal challenges.&quot;Tariffs are not going anywhere. That's clear. It's a central component of the administration's economic and trade policy,&quot; Lowell said. &quot;The administration has tools available to it that it is actively using to impose tariffs on certain imports from certain countries.&quot;The refund process highlights the complex economics of tariff policy. While supporters argue tariffs protect American industry and generate federal revenue, opponents point to the costs imposed on U.S. businesses and consumers who ultimately bear the financial burden through higher prices.Trade experts expect the broader tariff strategy to continue throughout Trump's term, regardless of individual legal defeats. The administration demonstrated its commitment by announcing &quot;Liberation Day&quot; tariffs on April 2, 2025, during a White House event, signaling that trade protection remains a core policy priority.The success of the CAPE system will determine how quickly billions flow back to American importers and whether the administration can efficiently manage one of the largest federal repayment operations ever attempted. Businesses should prepare for a surge in filing activity as companies race to reclaim their tariff payments.

The Trump administration opened its new tariff refund portal Monday, beginning the process of returning $166 billion to U.S. importers after the Supreme Court struck down the levies as unlawful in February.

U.S. Customs and Border Protection launched the CAPE system to handle what could become the largest government repayment effort in American history. The system consolidates electronic payments to streamline what would otherwise require processing millions of individual refund claims entry by entry.

"It's essentially a fast track for processing refunds," said Reed Smith partner Michael Lowell. "Customs is estimating that refunds will be processed within 60 to 90 days after submission. If importers file as soon as the system opens, refunds could begin flowing by mid-June to mid-July."

The February Supreme Court decision invalidated tariffs that had generated record revenue since Trump's return to office, as Insider Wire previously reported. American businesses absorbed billions in upfront tariff costs, often passing them to consumers through higher prices on everything from electronics to raw materials.

Monday's launch represents only the first phase of the refund effort. Not all importers or tariff categories qualify immediately, meaning some businesses will wait longer to recover their payments. Many companies are expected to rush their filings to reclaim money paid under the now-invalid tariffs.

The administration isn't abandoning its trade agenda despite the legal setback. Trump quickly imposed new tariffs under Section 122 authority following the Supreme Court ruling, though those measures already face fresh legal challenges.

"Tariffs are not going anywhere. That's clear. It's a central component of the administration's economic and trade policy," Lowell said. "The administration has tools available to it that it is actively using to impose tariffs on certain imports from certain countries."

The refund process highlights the complex economics of tariff policy. While supporters argue tariffs protect American industry and generate federal revenue, opponents point to the costs imposed on U.S. businesses and consumers who ultimately bear the financial burden through higher prices.

Trade experts expect the broader tariff strategy to continue throughout Trump's term, regardless of individual legal defeats. The administration demonstrated its commitment by announcing "Liberation Day" tariffs on April 2, 2025, during a White House event, signaling that trade protection remains a core policy priority.

The success of the CAPE system will determine how quickly billions flow back to American importers and whether the administration can efficiently manage one of the largest federal repayment operations ever attempted. Businesses should prepare for a surge in filing activity as companies race to reclaim their tariff payments.

U.S. Customs launched CAPE system Monday to refund $166 billion in tariffs struck down by Supreme Court in February. Refunds expected within 60-90 days.

Trump Admin Opens $166B Tariff Refund Portal After Supreme Court Defeat

British police arrested two teenagers Sunday in connection with an arson attack on Kenton United Synagogue in Harrow, northwest London. The attack occurred over the weekend of April 19, prompting increased patrols around the Jewish community center.Officers established a security cordon around the synagogue in Harrow following the incident. Police have not released the ages or identities of the suspects, who remain in custody pending further investigation.The attack marks another escalation in antisemitic incidents across Britain, raising concerns about security at Jewish institutions. London's Jewish community has faced increased threats in recent months, forcing synagogues to implement enhanced security measures including surveillance cameras and restricted access protocols.Kenton United Synagogue serves one of northwest London's largest Orthodox Jewish communities. The Harrow area houses multiple Jewish schools, synagogues, and community centers that have required police protection during recent tensions.British authorities have not disclosed the extent of damage to the synagogue or whether the building sustained structural harm from the fire. The Metropolitan Police's Counter Terrorism Command typically investigates attacks on religious buildings, though officials have not confirmed whether specialized units are handling this case.The arrests come as Jewish communities across Europe report rising security concerns. British Jews have increasingly called for government action to protect religious institutions from targeted attacks that disrupt community gatherings and religious services.Police continue investigating the incident and have not ruled out additional arrests as they examine evidence from the scene.

British police arrested two teenagers Sunday in connection with an arson attack on Kenton United Synagogue in Harrow, northwest London. The attack occurred over the weekend of April 19, prompting increased patrols around the Jewish community center.

Officers established a security cordon around the synagogue in Harrow following the incident. Police have not released the ages or identities of the suspects, who remain in custody pending further investigation.

The attack marks another escalation in antisemitic incidents across Britain, raising concerns about security at Jewish institutions. London's Jewish community has faced increased threats in recent months, forcing synagogues to implement enhanced security measures including surveillance cameras and restricted access protocols.

Kenton United Synagogue serves one of northwest London's largest Orthodox Jewish communities. The Harrow area houses multiple Jewish schools, synagogues, and community centers that have required police protection during recent tensions.

British authorities have not disclosed the extent of damage to the synagogue or whether the building sustained structural harm from the fire. The Metropolitan Police's Counter Terrorism Command typically investigates attacks on religious buildings, though officials have not confirmed whether specialized units are handling this case.

The arrests come as Jewish communities across Europe report rising security concerns. British Jews have increasingly called for government action to protect religious institutions from targeted attacks that disrupt community gatherings and religious services.

Police continue investigating the incident and have not ruled out additional arrests as they examine evidence from the scene.

British police arrested two teenagers in connection with weekend arson attack on Kenton United Synagogue in Harrow, northwest London on April 19.

London Police Arrest Two Teens in Synagogue Arson Attack

Iran shut down the Strait of Hormuz again Thursday and fired on two Indian-flagged ships, violating its ceasefire with President Trump just days after the deal appeared to bring Middle East tensions under control.Trump told ABC's Jonathan Karl the Iranian actions constituted a &quot;serious violation&quot; of the ceasefire but insisted a final agreement would still happen. &quot;It will happen. One way or another, The nice way or the hard way. It's going to happen. You can quote me,&quot; Trump said.The Hormuz closure came as U.S. forces continue enforcing their own blockade of Iranian ports, which Tehran cited as justification for shutting the critical oil shipping lane. The Iranian parliament speaker Mohammad Ghalibaf said Thursday the two sides remain &quot;far apart&quot; on a final agreement, though that could be a negotiating tactic.Stock markets had hit record highs earlier this week as investors concluded the war was ending after Trump secured both the Iran ceasefire and pressured Israel to halt its attacks on Lebanon. The renewed Hormuz blockade threatens that optimism and American energy security.Trump's media critics immediately pounced on the setback. When Karl reported on the ceasefire violations, Twitter users attacked him for &quot;calling the president for comment&quot; and posting &quot;BS from a pathological liar.&quot; The Drudge Report ran a banner headline reading &quot;LEAK: TRUMP GRIPPED WITH FEAR&quot; tied to a Wall Street Journal piece about Trump's war frustrations.After the Karl exchange Thursday, Trump fired back on Twitter: &quot;NO MORE MR. NICE GUY!&quot; The message contained an apparent typo with an extra &quot;1&quot; at the end.The Iranian moves directly challenge American interests in the Persian Gulf, where roughly 20% of global oil passes through the narrow Hormuz strait. Previous Iranian closures have sent energy prices soaring and cost American consumers billions at the pump.Trump had appeared to achieve what many thought impossible — getting Iran to agree to remove enriched uranium and end support for terror proxies while pressuring Israel to pause its Lebanon operations. The ceasefire had given American negotiators breathing room to pursue a broader deal.Vice President Vance had warned Iran would &quot;find out&quot; Trump is &quot;not one to mess around&quot; if the ceasefire collapsed, as Insider Wire <a href="https://insiderwire.com/en/news/navy-destroyer-fires-on-iranian-cargo-ship-defying-hormuz-blockade">previously reported</a> on U.S. naval enforcement actions in the region.The Iranian parliament speaker's comments suggest Tehran may be testing Trump's resolve before committing to a permanent agreement. Iran's new Supreme Leader Ayatollah Mojtaba Khamenei took power after his father's death 40 days ago, potentially complicating negotiations as the new regime consolidates control.Trump now faces a critical decision on whether to restart military operations or give diplomacy more time. The president's &quot;nice way or hard way&quot; comment suggests he's prepared for either path, but renewed fighting would threaten his promise to end Middle East wars.

Iran shut down the Strait of Hormuz again Thursday and fired on two Indian-flagged ships, violating its ceasefire with President Trump just days after the deal appeared to bring Middle East tensions under control.

Trump told ABC's Jonathan Karl the Iranian actions constituted a "serious violation" of the ceasefire but insisted a final agreement would still happen. "It will happen. One way or another, The nice way or the hard way. It's going to happen. You can quote me," Trump said.

The Hormuz closure came as U.S. forces continue enforcing their own blockade of Iranian ports, which Tehran cited as justification for shutting the critical oil shipping lane. The Iranian parliament speaker Mohammad Ghalibaf said Thursday the two sides remain "far apart" on a final agreement, though that could be a negotiating tactic.

Stock markets had hit record highs earlier this week as investors concluded the war was ending after Trump secured both the Iran ceasefire and pressured Israel to halt its attacks on Lebanon. The renewed Hormuz blockade threatens that optimism and American energy security.

Trump's media critics immediately pounced on the setback. When Karl reported on the ceasefire violations, Twitter users attacked him for "calling the president for comment" and posting "BS from a pathological liar." The Drudge Report ran a banner headline reading "LEAK: TRUMP GRIPPED WITH FEAR" tied to a Wall Street Journal piece about Trump's war frustrations.

After the Karl exchange Thursday, Trump fired back on Twitter: "NO MORE MR. NICE GUY!" The message contained an apparent typo with an extra "1" at the end.

The Iranian moves directly challenge American interests in the Persian Gulf, where roughly 20% of global oil passes through the narrow Hormuz strait. Previous Iranian closures have sent energy prices soaring and cost American consumers billions at the pump.

Trump had appeared to achieve what many thought impossible — getting Iran to agree to remove enriched uranium and end support for terror proxies while pressuring Israel to pause its Lebanon operations. The ceasefire had given American negotiators breathing room to pursue a broader deal.

Vice President Vance had warned Iran would "find out" Trump is "not one to mess around" if the ceasefire collapsed, as Insider Wire previously reported on U.S. naval enforcement actions in the region.

The Iranian parliament speaker's comments suggest Tehran may be testing Trump's resolve before committing to a permanent agreement. Iran's new Supreme Leader Ayatollah Mojtaba Khamenei took power after his father's death 40 days ago, potentially complicating negotiations as the new regime consolidates control.

Trump now faces a critical decision on whether to restart military operations or give diplomacy more time. The president's "nice way or hard way" comment suggests he's prepared for either path, but renewed fighting would threaten his promise to end Middle East wars.

Iran closed Strait of Hormuz and fired on Indian vessels Thursday, violating ceasefire with Trump. President calls it 'serious violation' but remains confident 

Iran Shuts Hormuz Again After Trump Ceasefire — Fires on Indian Ships

Iran closed Strait of Hormuz and fired on Indian vessels Thursday, violating ceasefire with Trump. President calls it 'serious violation' but remains confident in deal.

The USS Spruance fired multiple rounds from its 5-inch gun into an Iranian cargo ship's engine room Sunday after the vessel defied a six-hour blockade enforcement in the Arabian Sea. The Iranian-flagged M/V Touska, nearly 900 feet long, was attempting to reach the Iranian port of Bandar Abbas when intercepted by the guided-missile destroyer.U.S. Central Command ordered the Touska crew to evacuate the engine room before the Spruance &quot;disabled Touska's propulsion by firing several rounds from the destroyer's 5-inch MK 45 Gun into Touska's engine room,&quot; according to Sunday's CENTCOM release. Marines from the 31st Marine Expeditionary Unit subsequently boarded the vessel, which remains in U.S. custody.President Donald Trump confirmed the encounter on Truth Social, noting the Touska &quot;weighing almost as much as an aircraft carrier, tried to get past our Naval Blockade, and it did not go well for them.&quot; Trump added that &quot;our Navy ship stopped them right in their tracks by blowing a hole in the engineroom&quot; after the Iranian crew &quot;refused to listen.&quot;The Treasury Department had previously sanctioned the Touska for &quot;prior history of illegal activity,&quot; Trump revealed. &quot;We have full custody of the ship, and are seeing what's on board!&quot; he wrote.The naval blockade involves 10,000 American troops, over a dozen warships, and more than 100 fighter and surveillance aircraft. The operation launched April 13 after <a href="https://insiderwire.com/en/news/trump-envoys-witkoff-kushner-head-to-islamabad-sunday-for-iran-talks?language_id=1">failed peace talks</a> between Washington and Tehran. Any vessels transiting to Iranian ports face interdiction, while ships avoiding Iranian destinations can still navigate the Strait of Hormuz.Iran's military threatened immediate retaliation for what it called &quot;armed piracy by the U.S. military,&quot; according to state media reports. &quot;We warn that the armed forces of the Islamic Republic of Iran will soon respond and retaliate,&quot; an Iranian military spokesperson declared.Tehran rejected new peace negotiations, citing the ongoing blockade and Washington's &quot;excessive demands,&quot; Iranian state media reported. First Vice President Mohammadreza Aref warned on social media: &quot;One cannot restrict Iran's oil exports while expecting free security for others. The choice is clear: either a free oil market for all, or the risk of significant costs for everyone.&quot;The Touska incident marks the 26th commercial vessel encounter since the blockade began. CENTCOM reports U.S. forces have &quot;encountered and redirected 25 commercial vessels&quot; in previous enforcement actions, making Sunday's engagement the first to require weapons fire.The escalation comes as tensions mount around a fragile ceasefire framework. Iran's threat of retaliation raises questions about whether the standoff will expand beyond individual ship interdictions to broader military confrontation in the strategically vital Hormuz chokepoint.

The USS Spruance fired multiple rounds from its 5-inch gun into an Iranian cargo ship's engine room Sunday after the vessel defied a six-hour blockade enforcement in the Arabian Sea. The Iranian-flagged M/V Touska, nearly 900 feet long, was attempting to reach the Iranian port of Bandar Abbas when intercepted by the guided-missile destroyer.

U.S. Central Command ordered the Touska crew to evacuate the engine room before the Spruance "disabled Touska's propulsion by firing several rounds from the destroyer's 5-inch MK 45 Gun into Touska's engine room," according to Sunday's CENTCOM release. Marines from the 31st Marine Expeditionary Unit subsequently boarded the vessel, which remains in U.S. custody.

President Donald Trump confirmed the encounter on Truth Social, noting the Touska "weighing almost as much as an aircraft carrier, tried to get past our Naval Blockade, and it did not go well for them." Trump added that "our Navy ship stopped them right in their tracks by blowing a hole in the engineroom" after the Iranian crew "refused to listen."

The Treasury Department had previously sanctioned the Touska for "prior history of illegal activity," Trump revealed. "We have full custody of the ship, and are seeing what's on board!" he wrote.

The naval blockade involves 10,000 American troops, over a dozen warships, and more than 100 fighter and surveillance aircraft. The operation launched April 13 after failed peace talks between Washington and Tehran. Any vessels transiting to Iranian ports face interdiction, while ships avoiding Iranian destinations can still navigate the Strait of Hormuz.

Iran's military threatened immediate retaliation for what it called "armed piracy by the U.S. military," according to state media reports. "We warn that the armed forces of the Islamic Republic of Iran will soon respond and retaliate," an Iranian military spokesperson declared.

Tehran rejected new peace negotiations, citing the ongoing blockade and Washington's "excessive demands," Iranian state media reported. First Vice President Mohammadreza Aref warned on social media: "One cannot restrict Iran's oil exports while expecting free security for others. The choice is clear: either a free oil market for all, or the risk of significant costs for everyone."

The Touska incident marks the 26th commercial vessel encounter since the blockade began. CENTCOM reports U.S. forces have "encountered and redirected 25 commercial vessels" in previous enforcement actions, making Sunday's engagement the first to require weapons fire.

The escalation comes as tensions mount around a fragile ceasefire framework. Iran's threat of retaliation raises questions about whether the standoff will expand beyond individual ship interdictions to broader military confrontation in the strategically vital Hormuz chokepoint.

USS Spruance disabled Iranian-flagged M/V Touska in Arabian Sea Sunday after six-hour standoff. U.S. Marines boarded vessel now in American custody.

Navy Destroyer Fires on Iranian Cargo Ship Defying Hormuz Blockade

Israeli forces are systematically demolishing entire towns in southern Lebanon using private contractors paid by the number of structures they destroy, according to a new Haaretz report citing military commanders in the field.The demolitions target civilian homes, public buildings and schools across the buffer zone Israeli forces established in southern Lebanon. Contractors are carrying out the work with some receiving compensation based on destruction totals, the Israeli newspaper reported.Military commanders told Haaretz that entire towns are being leveled without distinguishing between buildings used by Hezbollah and civilian structures. The policy aims to &quot;clear the area&quot; within the expanded security zone, following what Defense Minister Israel Katz <a href="https://insiderwire.com/en/news/israel-maps-10-kilometer-buffer-zone-inside-lebanon-despite-ceasefire?language_id=1">previously described</a> as the Gaza Strip model for removing threats.The demolitions continue despite an active ceasefire between Israel and Hezbollah that has held for weeks. Israeli officials justify the destruction by claiming Hezbollah embeds military operations within civilian infrastructure throughout southern Lebanese villages.Katz announced the demolition policy months ago, stating that homes in border villages would be destroyed following tactics used in Gaza. The defense minister argued that systematic destruction of civilian areas removes potential military assets from Iranian-backed groups.The contractor-based payment system raises questions about incentives driving the scope of demolitions. Military sources described a systematic approach that targets all structures within designated areas rather than selective destruction of confirmed military sites.For American taxpayers, these demolitions represent another phase of Middle Eastern instability that could require long-term U.S. diplomatic intervention. The systematic destruction of Lebanese civilian infrastructure will likely fuel regional tensions and potentially draw in American peacekeeping or reconstruction resources.The buffer zone strategy mirrors Israeli tactics in Gaza, where entire neighborhoods were flattened under similar security justifications. Lebanese officials have not yet responded to the Haaretz reporting on the expanded demolition campaign.Watch for Lebanese government reaction and whether the demolitions prompt international calls for ceasefire modifications or expanded monitoring of the buffer zone activities.

Israeli forces are systematically demolishing entire towns in southern Lebanon using private contractors paid by the number of structures they destroy, according to a new Haaretz report citing military commanders in the field.

The demolitions target civilian homes, public buildings and schools across the buffer zone Israeli forces established in southern Lebanon. Contractors are carrying out the work with some receiving compensation based on destruction totals, the Israeli newspaper reported.

Military commanders told Haaretz that entire towns are being leveled without distinguishing between buildings used by Hezbollah and civilian structures. The policy aims to "clear the area" within the expanded security zone, following what Defense Minister Israel Katz previously described as the Gaza Strip model for removing threats.

The demolitions continue despite an active ceasefire between Israel and Hezbollah that has held for weeks. Israeli officials justify the destruction by claiming Hezbollah embeds military operations within civilian infrastructure throughout southern Lebanese villages.

Katz announced the demolition policy months ago, stating that homes in border villages would be destroyed following tactics used in Gaza. The defense minister argued that systematic destruction of civilian areas removes potential military assets from Iranian-backed groups.

The contractor-based payment system raises questions about incentives driving the scope of demolitions. Military sources described a systematic approach that targets all structures within designated areas rather than selective destruction of confirmed military sites.

For American taxpayers, these demolitions represent another phase of Middle Eastern instability that could require long-term U.S. diplomatic intervention. The systematic destruction of Lebanese civilian infrastructure will likely fuel regional tensions and potentially draw in American peacekeeping or reconstruction resources.

The buffer zone strategy mirrors Israeli tactics in Gaza, where entire neighborhoods were flattened under similar security justifications. Lebanese officials have not yet responded to the Haaretz reporting on the expanded demolition campaign.

Watch for Lebanese government reaction and whether the demolitions prompt international calls for ceasefire modifications or expanded monitoring of the buffer zone activities.

Israeli forces demolish civilian homes, schools and public buildings in southern Lebanon buffer zone using contractors paid per structure destroyed.

Israeli Contractors Raze Entire Lebanese Towns Despite Ceasefire

Shamar Elkins gunned down seven of his own children and one other child in Shreveport, Louisiana early Sunday morning before fleeing the scene and being fatally shot by police, authorities confirmed. The Louisiana man killed all eight children in what officials are calling one of the deadliest family mass shootings in state history.Police identified Elkins as the gunman after he was wounded and killed following his escape from the crime scene. The shooting occurred in the early morning hours, though police have not released the exact time or location within Shreveport where the killings took place.The massacre adds to a disturbing pattern of family annihilations that have shaken communities across America. Seven of the eight young victims were Elkins' biological children, while police have not yet identified the eighth child or explained their connection to the family.Shreveport police have not disclosed what led to the shooting or whether Elkins had a history of domestic violence. The ages of the children and the weapon used in the killings remain under investigation as authorities work to piece together the timeline of events that led to the tragedy.The shooting ranks among the deadliest involving children in Louisiana's recent history. <a href="https://insiderwire.com/en/news/8-children-dead-in-shreveport-mass-shooting-suspect-killed-after-police-chase?language_id=1">As Insider Wire previously reported</a>, the initial reports focused on the police response and casualty count, with Elkins' identity as the children's father emerging later in the investigation.Local authorities are working with federal investigators to understand the motive behind the killings. The case highlights ongoing concerns about domestic violence and access to firearms in households where children are present.Police expect to release additional details about the shooting as the investigation continues, including the specific circumstances that led to the confrontation where Elkins was killed.This is a developing story and will be updated.

Shamar Elkins gunned down seven of his own children and one other child in Shreveport, Louisiana early Sunday morning before fleeing the scene and being fatally shot by police, authorities confirmed. The Louisiana man killed all eight children in what officials are calling one of the deadliest family mass shootings in state history.

Police identified Elkins as the gunman after he was wounded and killed following his escape from the crime scene. The shooting occurred in the early morning hours, though police have not released the exact time or location within Shreveport where the killings took place.

The massacre adds to a disturbing pattern of family annihilations that have shaken communities across America. Seven of the eight young victims were Elkins' biological children, while police have not yet identified the eighth child or explained their connection to the family.

Shreveport police have not disclosed what led to the shooting or whether Elkins had a history of domestic violence. The ages of the children and the weapon used in the killings remain under investigation as authorities work to piece together the timeline of events that led to the tragedy.

The shooting ranks among the deadliest involving children in Louisiana's recent history. As Insider Wire previously reported, the initial reports focused on the police response and casualty count, with Elkins' identity as the children's father emerging later in the investigation.

Local authorities are working with federal investigators to understand the motive behind the killings. The case highlights ongoing concerns about domestic violence and access to firearms in households where children are present.

Police expect to release additional details about the shooting as the investigation continues, including the specific circumstances that led to the confrontation where Elkins was killed.

This is a developing story and will be updated.

Shamar Elkins shot dead seven of his children and one other child in Shreveport, Louisiana early Sunday before being killed by police after a chase.

Shamar Elkins Kills 7 of His Own Children in Shreveport Mass Shooting

The destroyer USS Spruance fired on an Iranian-flagged cargo ship in the Gulf of Oman on Sunday after the vessel tried to evade the US naval blockade near the Strait of Hormuz. The incident sent oil prices surging and prompted Iran to accuse the US of breaking their early April ceasefire.West Texas Intermediate crude jumped 7.5% to $90.17 per barrel by 8pm ET Sunday, while Brent crude gained 6.5% to $96.27 per barrel. The US military took custody of the Iranian container ship after the confrontation, President Trump announced Sunday.Iran's military vowed to respond to what Tehran called a ceasefire violation. The Strait of Hormuz, which carries roughly 20% of global oil and liquefied natural gas, has been virtually closed since the US-Israeli conflict with Iran began. Iran's state media reported Sunday evening that Tehran will not participate in new talks with the US, despite <a href="https://insiderwire.com/en/news/trump-envoys-witkoff-kushner-head-to-islamabad-sunday-for-iran-talks?language_id=1">Trump dispatching negotiators to Islamabad</a>.The oil price spike delivers another blow to American drivers already paying elevated gas prices. Energy Secretary Chris Wright told CNN's Jake Tapper on Sunday that he doesn't know when gas will return to under $3 per gallon. &quot;That could happen later this year. That might not happen until next year,&quot; Wright said.The naval confrontation comes as Trump attempts to negotiate through Pakistani intermediaries. His decision to send officials to Islamabad for Monday talks just 24 hours after Iran closed the strait signals that Tehran views the strategic waterway as a powerful bargaining chip.The incident also highlights growing tensions between Trump and Pope Leo XIV over the Iran conflict. Senator John Kennedy of Louisiana, a Trump supporter, criticized the president's attacks on the pontiff during a Fox News interview Saturday. &quot;I love the president like a taco,&quot; Kennedy said. &quot;I don't always agree with him, but I think he wants a better world. But I don't agree with him about this new holy war with the pope.&quot;Pope Leo XIV said Saturday he has no interest in debating Trump about the Iran war but will continue preaching peace. The religious dispute adds another complication as Trump faces pressure to resolve the energy crisis choking American consumers.Markets will watch closely for Iran's promised response and whether Monday's Pakistan talks can salvage the fragile ceasefire that has repeatedly collapsed over recent weeks.

The destroyer USS Spruance fired on an Iranian-flagged cargo ship in the Gulf of Oman on Sunday after the vessel tried to evade the US naval blockade near the Strait of Hormuz. The incident sent oil prices surging and prompted Iran to accuse the US of breaking their early April ceasefire.

West Texas Intermediate crude jumped 7.5% to $90.17 per barrel by 8pm ET Sunday, while Brent crude gained 6.5% to $96.27 per barrel. The US military took custody of the Iranian container ship after the confrontation, President Trump announced Sunday.

Iran's military vowed to respond to what Tehran called a ceasefire violation. The Strait of Hormuz, which carries roughly 20% of global oil and liquefied natural gas, has been virtually closed since the US-Israeli conflict with Iran began. Iran's state media reported Sunday evening that Tehran will not participate in new talks with the US, despite Trump dispatching negotiators to Islamabad.

The oil price spike delivers another blow to American drivers already paying elevated gas prices. Energy Secretary Chris Wright told CNN's Jake Tapper on Sunday that he doesn't know when gas will return to under $3 per gallon. "That could happen later this year. That might not happen until next year," Wright said.

The naval confrontation comes as Trump attempts to negotiate through Pakistani intermediaries. His decision to send officials to Islamabad for Monday talks just 24 hours after Iran closed the strait signals that Tehran views the strategic waterway as a powerful bargaining chip.

The incident also highlights growing tensions between Trump and Pope Leo XIV over the Iran conflict. Senator John Kennedy of Louisiana, a Trump supporter, criticized the president's attacks on the pontiff during a Fox News interview Saturday. "I love the president like a taco," Kennedy said. "I don't always agree with him, but I think he wants a better world. But I don't agree with him about this new holy war with the pope."

Pope Leo XIV said Saturday he has no interest in debating Trump about the Iran war but will continue preaching peace. The religious dispute adds another complication as Trump faces pressure to resolve the energy crisis choking American consumers.

Markets will watch closely for Iran's promised response and whether Monday's Pakistan talks can salvage the fragile ceasefire that has repeatedly collapsed over recent weeks.

USS Spruance fired on Iranian-flagged cargo ship Sunday trying to evade US naval blockade in Gulf of Oman. WTI crude jumped to $90.17 per barrel.

USS Spruance Fires on Iranian Ship in Hormuz — Oil Surges 7.5%

The BBC documented a pattern of suspicious trading activity that occurred minutes before President Trump's major policy announcements during his second term, raising questions about potential insider trading violations. The British broadcaster analyzed trade volume data across multiple financial markets and found consistent spikes just before Trump's most market-moving statements on foreign policy and trade.The most striking example came during the US-Israel war with Iran. Trump told CBS News the conflict was &quot;very complete, pretty much&quot; in a phone interview that first became public at 3:16 PM Eastern Time on March 15 when the reporter posted about it on X. Oil prices plunged 25% as traders reacted to news the conflict could end sooner than expected.But market data shows massive bets on falling oil prices were placed at 2:29 PM Eastern — a full 47 minutes before the public knew about Trump's comments. Those traders likely made millions from the oil price collapse that followed.Eight days later on March 23, just two days after Trump threatened to &quot;obliterate&quot; Iran's power plants, he posted on Truth Social about &quot;VERY GOOD AND PRODUCTIVE CONVERSATIONS&quot; with Tehran over a &quot;COMPLETE AND TOTAL RESOLUTION&quot; to hostilities. The announcement surprised diplomatic observers and traders alike, immediately boosting stocks while oil prices fell sharply.Market records show unusually high betting activity on US oil prices 14 minutes before Trump's Truth Social post, <a href="https://insiderwire.com/en/news/ambassador-waltz-joins-cbs-sunday-show-as-iran-peace-talks-continue?language_id=1">as Iran peace talks continued</a> behind the scenes. The same pattern appeared in Brent crude contracts. One oil analyst told the BBC at the time the trades appeared &quot;abnormal, for sure.&quot;The suspicious activity extended beyond Middle East policy. On April 2, Trump announced Liberation Day — sweeping tariffs on goods from nearly every country worldwide. Again, trading volumes spiked before the public announcement, suggesting someone with advance knowledge was positioning for the market reaction.Some analysts say the pattern bears hallmarks of illegal insider trading, where bets are made using information unavailable to the general public. Others argue the picture is more complex, suggesting some traders have become skilled at anticipating Trump's interventions based on public signals and timing patterns.The revelations raise serious questions about information security within the Trump administration and whether anyone with advance knowledge of presidential announcements is illegally profiting from that access. Federal regulators will likely face pressure to investigate whether securities laws were violated and identify the source of any leaked information ahead of these major policy announcements.

The BBC documented a pattern of suspicious trading activity that occurred minutes before President Trump's major policy announcements during his second term, raising questions about potential insider trading violations. The British broadcaster analyzed trade volume data across multiple financial markets and found consistent spikes just before Trump's most market-moving statements on foreign policy and trade.

The most striking example came during the US-Israel war with Iran. Trump told CBS News the conflict was "very complete, pretty much" in a phone interview that first became public at 3:16 PM Eastern Time on March 15 when the reporter posted about it on X. Oil prices plunged 25% as traders reacted to news the conflict could end sooner than expected.

But market data shows massive bets on falling oil prices were placed at 2:29 PM Eastern — a full 47 minutes before the public knew about Trump's comments. Those traders likely made millions from the oil price collapse that followed.

Eight days later on March 23, just two days after Trump threatened to "obliterate" Iran's power plants, he posted on Truth Social about "VERY GOOD AND PRODUCTIVE CONVERSATIONS" with Tehran over a "COMPLETE AND TOTAL RESOLUTION" to hostilities. The announcement surprised diplomatic observers and traders alike, immediately boosting stocks while oil prices fell sharply.

Market records show unusually high betting activity on US oil prices 14 minutes before Trump's Truth Social post, as Iran peace talks continued behind the scenes. The same pattern appeared in Brent crude contracts. One oil analyst told the BBC at the time the trades appeared "abnormal, for sure."

The suspicious activity extended beyond Middle East policy. On April 2, Trump announced Liberation Day — sweeping tariffs on goods from nearly every country worldwide. Again, trading volumes spiked before the public announcement, suggesting someone with advance knowledge was positioning for the market reaction.

Some analysts say the pattern bears hallmarks of illegal insider trading, where bets are made using information unavailable to the general public. Others argue the picture is more complex, suggesting some traders have become skilled at anticipating Trump's interventions based on public signals and timing patterns.

The revelations raise serious questions about information security within the Trump administration and whether anyone with advance knowledge of presidential announcements is illegally profiting from that access. Federal regulators will likely face pressure to investigate whether securities laws were violated and identify the source of any leaked information ahead of these major policy announcements.

BBC finds consistent pattern of unusual trades minutes before Trump's major announcements on Iran war and tariffs, with analysts calling it potential insider tr

BBC Analysis Shows Trading Spikes Before Trump Announcements Spark Insider Trading Claims

BBC finds consistent pattern of unusual trades minutes before Trump's major announcements on Iran war and tariffs, with analysts calling it potential insider trading.

Federal prosecutors arrested a 44-year-old Los Angeles woman Saturday night at Los Angeles International Airport on suspicion of trafficking arms to Iran. The arrest comes as the Trump administration negotiates <a href="https://insiderwire.com/en/news/trump-iran-agrees-to-remove-enriched-uranium-end-terror-proxy-support?language_id=1">a broader peace deal with Tehran</a>.The woman's identity has not been released pending formal charges. Law enforcement sources confirmed the arrest occurred during routine screening procedures at LAX's international terminal.Arms trafficking to Iran violates multiple federal statutes and international sanctions that have been in place for decades. The charges typically carry sentences of up to 20 years in federal prison and substantial financial penalties.The timing raises questions about Iranian procurement networks operating on American soil. Despite ongoing diplomatic talks, Iran continues to face strict arms embargoes designed to prevent the regime from acquiring advanced military technology.Federal investigators have been tracking Iranian procurement operations across major American cities for years. Los Angeles serves as a hub for international commerce, making it a target for sanctions evasion schemes.The arrest demonstrates that law enforcement continues to pursue Iranian sanctions violations even as diplomatic negotiations proceed. Arms trafficking cases often involve sophisticated networks that span multiple countries and take months to investigate.This case will test how the Justice Department balances enforcement actions with the administration's diplomatic outreach to Iran. Previous arms trafficking prosecutions have revealed Iranian attempts to acquire dual-use technology through American intermediaries.The woman is expected to appear in federal court Monday morning for an initial hearing. Prosecutors will likely seek detention pending trial, arguing she poses a flight risk given the international nature of the alleged crimes.

Federal prosecutors arrested a 44-year-old Los Angeles woman Saturday night at Los Angeles International Airport on suspicion of trafficking arms to Iran. The arrest comes as the Trump administration negotiates a broader peace deal with Tehran.

The woman's identity has not been released pending formal charges. Law enforcement sources confirmed the arrest occurred during routine screening procedures at LAX's international terminal.

Arms trafficking to Iran violates multiple federal statutes and international sanctions that have been in place for decades. The charges typically carry sentences of up to 20 years in federal prison and substantial financial penalties.

The timing raises questions about Iranian procurement networks operating on American soil. Despite ongoing diplomatic talks, Iran continues to face strict arms embargoes designed to prevent the regime from acquiring advanced military technology.

Federal investigators have been tracking Iranian procurement operations across major American cities for years. Los Angeles serves as a hub for international commerce, making it a target for sanctions evasion schemes.

The arrest demonstrates that law enforcement continues to pursue Iranian sanctions violations even as diplomatic negotiations proceed. Arms trafficking cases often involve sophisticated networks that span multiple countries and take months to investigate.

This case will test how the Justice Department balances enforcement actions with the administration's diplomatic outreach to Iran. Previous arms trafficking prosecutions have revealed Iranian attempts to acquire dual-use technology through American intermediaries.

The woman is expected to appear in federal court Monday morning for an initial hearing. Prosecutors will likely seek detention pending trial, arguing she poses a flight risk given the international nature of the alleged crimes.

Federal prosecutors arrested a 44-year-old Los Angeles woman Saturday night at LAX on suspicion of trafficking arms to Iran, highlighting ongoing security conce

Los Angeles Woman Arrested at LAX on Iranian Arms Trafficking Charges

Federal prosecutors arrested a 44-year-old Los Angeles woman Saturday night at LAX on suspicion of trafficking arms to Iran, highlighting ongoing security concerns.

U.S. Ambassador Mike Waltz will appear on CBS's &quot;Face the Nation with Margaret Brennan&quot; this Sunday as President Trump's negotiators continue working toward a peace deal with Iran through Pakistani intermediaries.The Sunday morning show will air as Trump administration officials push forward with diplomatic efforts, following weeks of escalating tensions in the Middle East. Waltz joins the program amid ongoing negotiations that have already seen <a href="https://insiderwire.com/en/news/trump-envoys-witkoff-kushner-head-to-islamabad-sunday-for-iran-talks">Trump envoys head to Islamabad</a> for direct talks.The CBS program will also feature former White House energy security adviser Amos Hochstein and former U.S. Attorney General Eric Holder, providing multiple perspectives on current foreign policy challenges. Brennan's guest lineup reflects the high stakes surrounding Middle East diplomacy as American interests hang in the balance.Waltz's television appearance comes as the administration faces mounting pressure to deliver results on Iran policy. The Ambassador's comments will be closely watched for signals about the direction of negotiations and potential timelines for diplomatic breakthroughs.For American viewers concerned about national security and foreign entanglements, Waltz's interview represents a chance to hear directly from a key administration official about how these talks serve U.S. interests. The Pakistan-mediated discussions carry significant implications for American military positioning in the region and energy security concerns.The Sunday show format allows for extended discussion of complex foreign policy issues that often get condensed into soundbites during weekday news cycles. With Hochstein's energy expertise and Holder's legal background also featured, viewers will get comprehensive analysis of the challenges facing American negotiators.Watch for Waltz to address specific details about negotiating parameters and what concessions, if any, the United States might consider as talks progress through Pakistani channels.

U.S. Ambassador Mike Waltz will appear on CBS's "Face the Nation with Margaret Brennan" this Sunday as President Trump's negotiators continue working toward a peace deal with Iran through Pakistani intermediaries.

The Sunday morning show will air as Trump administration officials push forward with diplomatic efforts, following weeks of escalating tensions in the Middle East. Waltz joins the program amid ongoing negotiations that have already seen Trump envoys head to Islamabad for direct talks.

The CBS program will also feature former White House energy security adviser Amos Hochstein and former U.S. Attorney General Eric Holder, providing multiple perspectives on current foreign policy challenges. Brennan's guest lineup reflects the high stakes surrounding Middle East diplomacy as American interests hang in the balance.

Waltz's television appearance comes as the administration faces mounting pressure to deliver results on Iran policy. The Ambassador's comments will be closely watched for signals about the direction of negotiations and potential timelines for diplomatic breakthroughs.

For American viewers concerned about national security and foreign entanglements, Waltz's interview represents a chance to hear directly from a key administration official about how these talks serve U.S. interests. The Pakistan-mediated discussions carry significant implications for American military positioning in the region and energy security concerns.

The Sunday show format allows for extended discussion of complex foreign policy issues that often get condensed into soundbites during weekday news cycles. With Hochstein's energy expertise and Holder's legal background also featured, viewers will get comprehensive analysis of the challenges facing American negotiators.

Watch for Waltz to address specific details about negotiating parameters and what concessions, if any, the United States might consider as talks progress through Pakistani channels.

U.S. Ambassador Mike Waltz appears on Face the Nation Sunday as Trump administration negotiators work on Iran peace deal through Pakistan intermediaries.