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Donald Trump said hostilities with Iran, quote, have terminated ahead of a deadline

that would have required lawmakers' permission to continue the war after 60 days

of fighting. His administration has claimed that the ceasefire, quote, pauses this clock. Democrats have

argued the law doesn't allow for such a stop, noting that American forces remained deployed.

Earlier, Mr. Trump dismissed a new proposal from Iran for negotiations with America.

The Treasury warned shippers of sanctions if they pay tolls to Iran for passage through the

Strait of Hormuz. Mr. Trump has vowed to keep a blockade in place.

After a turbulent week in oil markets, the price of Brent Crude, the global oil benchmark,

fell to around $108 a barrel on Friday.

Mr. Trump said he would increase tariffs on cars from the EU to 25% from 15% currently

and accused the block of, quote, not complying with a trade deal struck last year.

Earlier, he said he will remove tariffs on Scotch Whiskey, an apparent gesture of goodwill,

following King Charles's state visit to America. The Pentagon agreed deals with Amazon, Microsoft,

NVIDIA, and Reflection AI authorizing use of their AI models on its most classified networks. Google OpenAI and SpaceX reached

...