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A vessel at the Strait of Hormuz, off the coast of Oman’s Musandam province, April 12, 2026. REUTERS
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A view shows oil pump jacks outside Almetyevsk in the Republic of Tatarstan, Russia. REUTERS/Alexander Manzyuk
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- Oil prices jumped above $100 a barrel as the US Navy prepared a blockade of the Strait of Hormuz that could restrict Iranian oil shipments.
- Trump said that the price of oil and gasoline may remain high through November's midterm elections, a rare acknowledgement of the potential political fallout from his decision to attack Iran.
- Sales at Europe's biggest luxury brands have shrunk in Dubai and Abu Dhabi as the Iran conflict hit the sector's fastest-growing market in the latest setback for the $400 billion industry whose value has contracted over the last three years.
- BP agreed to buy an operating interest in three offshore exploration blocks in Namibia from Canada-based Eco Atlantic Oil & Gas as it ramps up its upstream portfolio.
- Confidence across Britain's biggest companies has slumped to its lowest since the start of the COVID-19 pandemic as the Iran war spurred worries over surging energy prices and higher interest rates.
- Italian fashion house Dolce & Gabbana named former Gucci CEO Stefano Cantino as its Co-CEO, working alongside Chair and Chief Executive Officer Alfonso Dolce.
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For aging US Supreme Court justices, the politics of retirement looms large |
US Supreme Court justices pose for their group portrait at the Supreme Court in Washington, US. REUTERS/Evelyn Hockstein
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When Donald Trump was asked about the prospect of conservative Justices Samuel Alito or Clarence Thomas retiring, the Republican president voiced his support for the US Supreme Court's two oldest members to remain on the bench.
Alito, 76, and Thomas, 77, have given no public indication that they are planning to leave their lifetime posts on the top US judicial body.
But discussion among experts about a possible vacancy has increased as the two men draw closer to the average age of retirement for Supreme Court justices since 2000, about 80 years old, and with the November US congressional elections looming.
Any vacancy would allow Trump to make a fourth appointment to the court. Trump made three appointments during his first term in office, giving the court a 6-3 conservative majority that has moved American law dramatically rightward since 2020.
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Rory McIlroy shakes hands with Cameron Young on the 18th hole. REUTERS/Mike Blake
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Defending champion Rory McIlroy won the Masters by one shot over Scottie Scheffler to collect his sixth major and become the fourth repeat winner at Augusta National and first since Tiger Woods in 2002.
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