Hegseth warns NATO allies that some nations will ‘fail’ U.S. defense review

Hegseth warns NATO allies that some nations will ‘fail’ U.S. defense review

U.S. Secretary of Defense Pete Hegseth speaks during a press briefing at the Pentagon on May 5, 2026 in Arlington, Virginia. Chip Somodevilla | Getty Images Defense Secretary ​Pete Hegseth announced a Pentagon-led review of American forces in Europe on Thursday, and criticized some NATO allies over defense spending and reluctance to participate in the…

Read More
Oil falls as International Energy Agency forecasts supply glut next year after U.S.-Iran deal

Oil falls as International Energy Agency forecasts supply glut next year after U.S.-Iran deal

Imen Ben Youssef | Afp | Getty Images Oil prices declined Thursday after President Donald Trump reportedly signed ​a deal ​with his Iranian counterpart Masoud Pezeshkian to end the ​war in the Middle East, while the International Energy Agency flagged a supply glut next year. International benchmark Brent crude futures for August dropped 2.83% to $77.30 a barrel. U.S. West…

Read More