live Oil prices fall as Iran vows retaliation over U.S. sanctions
Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concer...
U.S. President Donald Trump announced on Monday that he will sign an executive order classifying fentanyl as a “weapon of mass destruction” as part of his ongoing campaign against drug smuggling.
Speaking at the White House on Monday during a ceremony presenting medals to U.S. troops who have patrolled the Mexico–U.S. border, Trump said, “With this historic executive order I will sign today, we are formally classifying fentanyl as a weapon of mass destruction, which is what it is.”
Fentanyl, a synthetic opioid, is highly potent and can be lethal in extremely small doses. While it has legitimate medical uses for pain management, illicit fentanyl has been a major driver of the U.S. overdose crisis, claiming nearly 330,000 American lives over the five years ending in April 2025.
The classification could lead to stiffer criminal charges for those involved in trafficking fentanyl, though Trump did not specify immediate legal changes.
Earlier in October, Trump met with Chinese President Xi Jinping, who agreed to take steps to limit the illegal export of fentanyl from China, which is the primary source of illicit fentanyl entering the U.S. This followed similar commitments made during Trump’s first term and by the previous president, Joe Biden.
The move reflects growing concern in the U.S. about fentanyl’s impact on public health and national security, framing the crisis as both a law enforcement and a strategic threat.
Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concerns over potential disruption to regional oil supplies.
Ukraine’s President Volodymyr Zelenskyy said on Monday that Kyiv wants peace but will not surrender to Russia, as foreign leaders joined Independence Day events marking 35 years since Ukraine’s independence.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Only four commodity vessels crossed the Strait of Hormuz on Sunday, following 13 transits a day earlier, as disruptions continue to restrict traffic through the key energy chokepoint.
A newly created pro-government political party has secured a commanding victory in Kazakhstan's snap parliamentary election, according to exit polls, strengthening President Kassym-Jomart Tokayev's influence at a pivotal moment in the country's political transition.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Canada has announced nearly $20 billion in retaliatory tariffs on U.S. goods and billions in support for workers and businesses, escalating its trade dispute with Washington after President Donald Trump's latest duties took effect.
Pakistani exporters are facing soaring shipping costs to the U.S., with freight rates more than tripling on some routes as the Iran-U.S. conflict drives up war-risk insurance and fuel costs.
The trial of a Libyan man accused of building the bomb that destroyed Pan Am Flight 103 over the Scottish town of Lockerbie in 1988, killing 270 people, has been postponed by a U.S. federal judge.
France and Saudi Arabia have agreed on plans for a $7 billion manga-themed amusement complex near Paris, inspired by the hugely popular Japanese franchise Dragon Ball Z.
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