Blocked

Letter sent to Starmer claims ‘small number of peers have been using procedural tactics’ to stymie its progressMore than 100 Labour MPs have called on Keir Starmer to stop the House of Lords from blocking the assisted dying bill and give it more time to return to the Commons, with the legislation now certain to fall owing to lack of time.The private member’s bill, sponsored by Labour’s Kim Leadbeater, will fall when the parliamentary session comes to an end in May because peers have used multiple amendments and lengthy debates to prevent it from being put to a vote. Continue reading...

The US Navy is considering escorting oil tankers through the Strait of Hormuz, closed by Iranian missile and drone strikes disrupting 20% of global oil trade. President Trump anticipated the blockade and directed military options to reopen the vital chokepoint, with oil prices surging as a result. Treasury Secretary Scott Bessent will meet China next week on trade amid energy market chaos from the two-week war. The move aims to mitigate economic impacts on Americans from the Hormuz disruption.

The US Navy is considering escorting tankers through the Strait of Hormuz after Iran effectively closed it with missile and drone attacks, surging global oil prices. President Trump anticipated the blockade and directed military options to keep the vital chokepoint open, impacting one-fifth of world oil trade. Saudi Arabia intercepted 28 Iranian drones while facing retaliatory strikes. Officials confirm all US military assets focus on destroying Iran's offensive capabilities.

A judge rejected subpoenas targeting Fed Chair Jerome Powell on March 13, 2026, preventing potential disruptions during a tense market session as indexes fell. The decision came amid broader equity declines, with S&P 500 down 0.5% and Nasdaq off 0.67% in afternoon trading. This ruling stabilizes central bank communications at a critical juncture for monetary policy amid inflation pressures. Markets may now focus on upcoming PCE data releases without subpoena overhang.

A judge rejected a subpoena for Federal Reserve Chair Jerome Powell on March 13, 2026, blocking forced testimony amid ongoing investigations. The decision came during heightened market volatility from oil prices and geopolitical risks, stabilizing expectations for central bank independence. Markets reacted positively in S&P 500 futures, reducing uncertainty over Fed policy signals. This ruling may delay further probes into 2025-2026 rate decisions.