Warsh short on votes, U.
A Fed nominee scrambling for committee votes and a Chinese cargo stop push economic and security fault lines to the surface.
Warsh told Banking Committee he’d stay “data-driven,” yet four Republicans joined Democrats in warning they’ll hold nominations until his delayed asset filings land – leaving him two votes short of clearing the
Why it matters: If the impasse holds, Trump’s pick misses the May 1 policy meeting and the Fed runs with an
Cabinet Office papers show MI5 red-flagged Mandelson’s private consulting ties; Downing Street overrode the warning after a single call from No 10’s political team, MPs said.
Why it matters: By sidelining security vetters, Sunak’s office risks future clearances being treated as negotiable.
Trump said a U.S.
Why it matters: China now has to choose between protesting loudly or protecting a trade corridor it badly needs.
Ex-NatSec adviser Olly Robbins testified that No 10 texted him to "expedite" Mandelson clearance “or expect consequences,” contradicting ministers’ earlier denials.
Why it matters: Corroborated pressure could fuel a parliamentary probe into abuse of the security vetting process.
City’s late Rodri header cuts Arsenal’s lead to three points with five matches left; goal difference now favors Guardiola by one.
Why it matters: The May 11 City-Liverpool fixture may now decide the title instead of being a dead rubber.
Washington will host Israeli and Lebanese generals Friday; both sides exchanged rocket fire hours after the invite, shattering a 36-hour lull.
Why it matters: If talks fail, UNIFIL warns it lacks the manpower to police another full-scale border war.
Tomorrow’s votes and vetoes will show who really controls the levers.
What to watch: Senate Banking Committee markup is scheduled for 10 a.
Hormuz Snap Closure After US Ship Seizure Jolts Oil Routes
Iran snapped the Strait of Hormuz shut after the U.S.
Formal talks start May 25—early enough to tweak auto rules of origin before the next U.S.
Why it matters: Any rewrite of EV content rules forces factories to re-route North American sourcing by 2027.
Tehran’s sudden RSVP ends a six-month boycott, giving Islamabad a face-saving way to extend the fragile ceasefire.
Why it matters: Iran at the table keeps the multilateral ceasefire option alive days before it expires.
KOSPI jumped 1.8% as traders bet the ceasefire sticks and oil stays under $95; exporters led, the won barely moved.
Why it matters: Equity bulls are pricing in regional stability that could evaporate with one naval misstep.
Traffic of roughly 18 m bpd halted; spot Brent spiked $4 to $92 before Asia close, insurers hiked premiums in real time.
Why it matters: A prolonged closure instantly tightens global crude supply and drives up transport costs.
Trump vowed support for Israeli strikes and targeting Iranian oil facilities if the truce collapses, nudging Biden to clarify his own limits.
Why it matters: The warning injects U.
UNIFIL logged seven Israeli strikes overnight, including a school hit, eroding the separate Lebanon ceasefire track.
Why it matters: Cross-border flare-ups could force negotiators to fold Lebanon into the main ceasefire deal.
When chokepoints close, timetables shrink.
What to watch: Friday’s 23:59 GMT ceasefire deadline—any sign Hormuz reopens before then will move Brent first.