Politics
400 million barrels of oil to be released from strategic reserves as Iran targets commercial ships
Attacks on multiple commercial ships in the waters around Iran on Wednesday increased global energy concerns, pushed nations to unleash strategic oil reserves and sparked fresh critiques of the Trump administration’s readiness for a war it started.
As Trump administration and U.S. military officials continued to claim increasing success and advantage in the conflict, leaders around the world scrambled to respond to the latest attacks and the International Energy Agency’s call for the largest ever release of strategic oil reserves by its members to help stem energy price spikes.
In an address Wednesday morning, IEA Executive Director Fatih Birol said energy shipments through the Strait of Hormuz had “all but stopped” amid the conflict, driving massive global competition for oil and gas in wealthier countries and fuel rationing in poorer nations.
He said the IEA’s 32 member nations have brought a “sense of urgency and solidarity” to recent discussions on the matter, and had unanimously agreed to “launch the largest ever release of emergency oil stocks in our agency’s history,” making 400 million barrels of oil available.
However, he said the most needed change is the “resumption of traffic through the Strait of Hormuz.”
A vendor pumps petrol from Iranian fuel oil tankers for resale near the Bashmakh border crossing between Iraq and Iran.
(Ozan Kose / AFP/Getty Images)
Several countries, including Germany, Austria and Japan, had already confirmed their plans to release reserves.
The White House did not immediately respond to a request for comment on any U.S. plans to release its strategic reserves, or how much would be released. The U.S. is an IEA member.
However, U.S. Interior Secretary Doug Burgum backed the idea of releasing oil reserves in a Fox News interview.
“Certainly these are the kinds of moments that these reserves are used for, because what we have here is not a shortage of energy in the world; we’ve got a transit problem, which is temporary,” Burgum said. “When you have a temporary transit problem that we’re resolving militarily and diplomatically — which we can resolve and will resolve — this is the perfect time to think about releasing some of those, to take some pressure off of the global price.”
Burgum said that while Iran is “holding the entire world hostage economically by threatening to close the strait,” President Trump has made the consequences of such actions “very clear,” and “there’s a lot of options between ourselves and our allies in the region, including our Arab friends in the region, to make sure that those straits keep open and that energy keeps flowing for the global economy.”
While some tankers believed linked to Iran were still getting through the Strait of Hormuz, which under normal circumstances carries 20% of the world’s oil and natural gas, Iranian officials threatened attacks on other vessels — saying they would not allow “even a single liter of oil” tied to the U.S., Israel or their allies through the channel, which connects to the Persian Gulf.
Trump has repeatedly claimed that the U.S. and its powerful Navy would support commercial vessels and ensure the strait remains open to oil shipments, but that has not been the case.
Tankers wait off the Mediterranean coast of southern France on Wednesday.
(Thibaud Moritz / AFP/Getty Images)
The United Kingdom Maritime Trade Operations center, run by the British military, has reported at least three ships struck in the region Wednesday — including ships off the United Arab Emirates and a cargo ship that was struck by a projectile in the strait just north of Oman, setting it ablaze.
The Trump administration and the U.S. military, meanwhile, have been pushing out messaging about wiping out Iran’s ability to plant mines in the strait — posting dramatic videos of major strikes on tiny boats on small docks.
Adm. Brad Cooper, the leader of U.S. Central Command, said in a video posted to X on Wednesday morning that “in short, U.S. forces continue delivering devastating combat power against the Iranian regime.”
“I’ve said this before, but it bears repeating: U.S. combat power is building, Iranian combat power is declining,” he said.
The U.S. has struck more than 60 Iranian ships, and just “took out the last of four Soleimani-class warships,” he said. “That’s an entire class of Iranian ships now out of the fight.”
Cooper said Iranian ballistic missile and drone attacks have “dropped drastically” since the start of the war, though “it’s worth pointing out that Iranian forces continue to target innocent civilians in gulf countries, while hiding behind their own people as they launch attacks from highly populated cities in Iran.”
He also addressed the attacks on commercial shipping in the region directly, saying that “for years, the Iranian regime has threatened commercial shipping and U.S. forces in international waters,” and that the U.S. military’s “mission is to end their ability to project power and harass shipping in the Strait of Hormuz.”
Other U.S. leaders called the U.S. war plan — and specifically its approach to protecting the Strait of Hormuz — into question.
In a series of posts to X late Tuesday, which he said followed a two-hour classified briefing on the war, Sen. Chris Murphy (D-Conn.) slammed the administration’s plans as “incoherent and incomplete.”
Murphy wrote that the administration’s goals for the war seemed to be focused primarily on “destroying lots of missiles and boats and drone factories,” and without a clear plan for what to do when Iran — still led by “a hardline regime” — begins rebuilding that infrastructure, other than to continue bombing them. “Which is, of course, endless war,” he wrote.
Murphy also specifically criticized the administration’s plan for the Strait of Hormuz — which he said simply doesn’t exist.
“And on the Strait of Hormuz, they had NO PLAN,” he wrote. “I can’t go into more detail about how Iran gums up the Strait, but suffice it say, right now, they don’t know how to get it safely back open. Which is unforgiveable, because this part of the disaster was 100% foreseeable.”
Politics
Warren tells Trump to ‘sign the damn bill’ as bipartisan housing package remains stalled in Washington
NEWYou can now listen to Fox News articles!
Sen. Elizabeth Warren, D-Mass., lashed out at President Donald Trump during a recent local television interview, labeling him a “man-child” throwing a “tantrum” over his refusal to sign a sweeping bipartisan housing package.
Appearing on WCVB’s “On the Record,” the left-wing senator did not hold back her frustration over the stalled legislation, delivering a blunt message to the president: “Sign the damn bill.”
“If he cared about the American people, he’d have already signed the damn thing,” Warren said during the interview, arguing that Trump “does not care about the economic survival of America’s working families.”
FILE – The Senate previously advanced the massive housing package geared toward lowering the costs of homes and supercharging the housing supply. Sen. Elizabeth Warren, D-Mass., pitched it as legislation to prevent America from becoming a “nation of renters.” (Jemal Countess/Getty Images for Protect Borrowers ; Anna Moneymaker/Getty Images)
TRUMP-BACKED HOUSING BILL CLEARS HOUSE AFTER GOP DEFIES SENATE PRESSURE CAMPAIGN
The 21st Century ROAD to Housing Act is an expansive bipartisan package that she said contains nearly 50 provisions designed to address the nationwide housing emergency.
Warren noted that decades of under-building have driven prices up, leaving the U.S. in need of millions of new units.
The primary focus of the bill is to lower the costs of construction and make it easier to build new homes.
FILE – President Donald Trump previously said lawmakers must first approve the SAVE America Act before he moves forward with the housing package. (Yuri Gripas/Abaca/Bloomberg)
BIPARTISAN HOUSING PUSH ADVANCES, BUT TRUMP-BACKED INVESTOR BAN FACES RESISTANCE
The bill, which was co-sponsored by Sen. Tim Scott, R-S.C., also includes a secondary focus aimed at blocking corporate consolidation of the housing market.
Warren explained that the legislation is designed to keep private equity firms from buying up local neighborhoods and turning America “into a nation of renters.”
According to Warren, the legislation had widespread support from both sides of the aisle before it was stalled.
TRUMP VOWS BLOCK ON SIGNING NEW LAWS UNTIL SAVE AMERICA ACT PASSES SENATE
She claimed the bill was “handed to the president on a silver platter” and that lawmakers from both parties were eagerly taking credit for the legislation.
“Republicans were all going online, saying, ‘well, I helped write that bill. This bill is terrific,’” Warren said. “So everybody’s out there saying, ‘my bill, I helped make this happen,’ right up until the man-child has a tantrum and announces he will not be signing it.”
FILE – Sen. Elizabeth Warren called President Donald Trump a “man-child” during the interview, describing his refusal to sign the bill as a “tantrum.” (Chip Somodevilla/Getty Images)
CLICK HERE TO DOWNLOAD THE FOX NEWS APP
Critics of the legislation claim it does not allocate fresh federal funding, directly address rising costs of homeownership, or go far enough to address permitting issues.
The president previously canceled a scheduled signing event, insisting lawmakers must first approve the unrelated SAVE America Act, a voting-focused measure, before he moves forward.
The White House did not immediately respond to Fox News Digital’s request for comment.
Fox News Digital’s Alex Miller contributed to this report.
Veteran MS NOW anchor Alex Witt is leaving the news network, which is moving away from live evening programming on weekends.
The new weekend programming strategy announced Friday is a cost-saving measure that will give parent company Versant more resources for a new direct-to-consumer streaming offering that makes MS NOW available to consumers without a pay-TV subscription. The company is also looking to expand its live event business.
According to a memo from MS NOW President Rebecca Kutler, “The Weekend: Primetime,” a live discussion program launched last year, will have its final airing Saturday.
One of the program’s co-hosts, Antonia Hylton, will take over Witt’s midday shifts later this year. Hylton’s co-hosts Ayman Mohyeldin, Catherine Rampell and Elise Jordan will remain with MS NOW and continue to appear on other programs.
Kutler said job losses from the moves are minimal and encouraged staffers who lose their current roles to apply for 40 current job openings at the company with more on the way. MS NOW has been staffing up its news operation since separating from NBC News last year.
MS NOW changed its name from MSNBC in November. The network, along with other Comcast-owned cable channels, were spun off into Versant in January.
Weekends have long been a ratings weak spot for MS NOW, which while a distant second to Fox News, has seen audience growth in 2026 and remains ahead of CNN. The network has started to rely on podcasts such as “Pod Save America,” from Crooked Media, to fill some hours. The episodes have performed strongly enough for MS NOW to try similar deals with outside podcast producers.
“Throughout the summer, we will expand our taped strategy and announce new content partnerships,” Kutler said in her memo.
With the changes, MS NOW will still have 20 hours of live programming each weekend and will be staffed to handle breaking news.
Witt joined the network formerly known as MSNBC in 1999, long before it began its strong tilt toward progressive political commentary. Over the years, Witt’s weekend newscast became one of the few programs on the network that delivered straight news without opinion.
Kutler called Witt “a beloved longtime member of our MS NOW family” and “a continued, trusted, and steady presence for our audiences.”
While Witt works through the summer, Hylton will anchor the 11 a.m. weekday time period, which will eventually be handled by former NBC News White House correspondent Peter Alexander.
Politics
McCarthy says Trump will use ‘everything he can’ to force Senate action on SAVE America Act
NEWYou can now listen to Fox News articles!
As infighting over the SAVE America Act throws congressional Republicans into disarray, President Donald Trump’s bid to get the stalled election bill across the finish line gained one notable ally.
Former House Speaker Kevin McCarthy, R-Calif., told Fox News Digital that he supports the election integrity measure and indicated that Trump should continue to use every available tool to pressure the Senate to pass it.
“He’s going to try everything he can to make sure he passes that through,” McCarthy said in a brief interview outside the U.S. Capitol.
The ex-speaker’s comments came after Trump abruptly called off a signing ceremony Wednesday for a bipartisan housing bill to pressure the Republican-controlled Senate to act on the SAVE America Act.
President Donald Trump boards Air Force One as he departs Reading Regional Airport in Reading, Pa., on June 23, 2026. (Evelyn Hockstein/Reuters)
IRATE REPUBLICANS ACCUSE TRUMP OF HANDING DEMOCRATS A WIN AFTER BLOWING UP HOUSING PACKAGE
The move surprised Republican lawmakers, some of whom were praising the bill’s passage at a press conference when Trump’s Truth Social post broke.
But Trump has repeatedly cast the election measure — requiring proof of citizenship to vote in federal elections and voter identification requirements — as his top legislative priority.
The legislation’s momentum, however, has slowed in the upper chamber, where Republican leadership insists the votes aren’t there amid widespread Democratic opposition. Senate Republicans have also been unwilling to eliminate the legislative filibuster, which requires a 60-vote threshold to pass the legislation.
Former Speaker of the House Kevin McCarthy speaks during a ceremony honoring President Ronald Reagan on the 115th anniversary of his birthday at the Ronald Reagan Presidential Library in Simi Valley, Calif., on Feb. 6, 2026. (Hans Gutknecht/MediaNews Group)
TRUMP CALLS MAIL IN VOTING CORRUPT AS SENATE BEGINS DEBATE ON SAVE ACT REQUIRING VOTER ID
Amid the SAVE standoff, a group of conservative lawmakers effectively shut down the House floor in an effort to force Senate action on the election bill.
But the Senate recessed Wednesday for two weeks over the July 4 holiday, leaving the measure in limbo until lawmakers return.
The conservative-led blockade sparked fierce backlash, with several members inside the GOP conference telling Fox News Digital the move risked torpedoing their own legislative agenda.
Meanwhile, the House has also yet to pass a version of the legislation incorporating several of the president’s priorities, including a mail-in voting crackdown and provisions banning men from competing in women’s sports and child sex change procedures.
Trump has not indicated whether he will sign the 21st Century ROAD to Housing Act, despite the likely existence of a veto-proof majority.
House Speaker Mike Johnson, R-La., told reporters Thursday that the housing bill had been transmitted to the White House for Trump’s signature following a meeting with the president.
Speaker of the House Mike Johnson, R-La., talks with reporters in the U.S. Capitol on June 10, 2026. (Tom Williams/CQ-Roll Call, Inc via Getty Images)
CLICK HERE TO DOWNLOAD THE FOX NEWS APP
Trump now has 10 days to sign the package or veto it. If he does nothing, the legislation automatically becomes law at the end of the 10-day period.
-
South Dakota4 minutes agoSouth Dakota Republicans reject censuring John Thune over stalled SAVE America Act
-
Tennessee7 minutes agoFlood watch in effect for Middle Tennessee: 2-3″ of rain expected Saturday
-
Texas12 minutes agoTexas state school board approves mandated reading list including Bible passages
-
Utah19 minutes agoUtah, Salt Lake County awarded grants for community cleanup
-
Vermont22 minutes agoWest Rutland man dies in hit-and-run, police seek vehicle
-
Virginia27 minutes agoVandals smash windows of nearly 3 dozen cars in Arlington Mill
-
Washington34 minutes agoThe Washington Capitals Select Oliver Suvanto | Washington Capitals
-
Wisconsin37 minutes agoFrom bodybuilding to business: Wisconsin entrepreneur builds success with Bulk Butter
