Politics
War with Iran fuels Russian oil boom — and trouble for Ukraine
WASHINGTON — Russia is emerging as one of the few early economic beneficiaries of the war with Iran, as disruptions to energy infrastructure drive up demand for Russian exports and the world casts its gaze to the Middle East and away from Moscow’s war in Ukraine.
The U.S. and its European counterparts slapped severe sanctions on Russia in March 2022, barely a month into Russian President Vladimir Putin’s full-scale invasion of Ukraine. The effect was a stranglehold on Russia’s exports, depriving Putin’s war effort of at least $500 billion, experts say. But over the last week, as President Trump’s war in the Middle East choked energy markets worldwide, the White House began easing its restrictions on Moscow.
“It is traitorous conduct for you to help Russia,” California Rep. Ted Lieu (D-Torrance) said on X, demanding the Trump administration reverse course. “Russia is giving intelligence info to Iran that helps Iran target American forces.”
Crude droplets rained over Tehran after Israeli airstrikes decimated oil depots, draping the Iranian capital in a dense smog. Iranian counterattacks have also targeted refineries and oil fields in Saudi Arabia and Bahrain. Crude oil prices have surged, and traffic through the Strait of Hormuz has all but ceased, sending energy importers in search of alternate sources.
Those spikes are giving Russia, one of the world’s largest oil and gas exporters, a rare advantage. After spending a decade as the world’s most sanctioned nation over his aggression in Ukraine, Putin is finally starting to regain some leverage in global markets.
“In the current economic situation, if we refocus now on those markets that need increased supplies, we can gain a foothold there,” Putin said at a meeting at the Kremlin on Monday, according to Russian state media. “It’s important for Russian energy companies to take advantage of the current situation.”
On March 4, the Treasury Department issued a temporary 30-day waiver allowing Indian refiners to purchase Russian oil. The appeal by the Trump administration was described as a way to ease demand for Mideast oil, but was criticized as a reversal of sanctions placed against Putin meant to deny him the capital needed to fund his occupation of eastern Ukraine.
Now, Moscow is poised to press that advantage further, after Trump said Monday he will further lift sanctions on oil-producing countries to ease the trade friction and reintroduce additional oil and gas supplies. The only countries with U.S. oil sanctions are Russia, Iran and Venezuela.
“So, we have sanctions on some countries. We’re going to take those sanctions off until this straightens out,” Trump said at a news conference at his golf club in Doral, Fla. “Then, who knows, maybe we won’t have to put them on — they’ll be so much peace.”
The surprise concession to Moscow comes as reports suggest Russia is assisting Iran in targeting U.S. personnel.
Trump’s announcement followed an unscheduled hourlong call with Putin about the situation in the Middle East.
The war has also set the stage for Russia to make gains in Ukraine, as hostilities draw the global spotlight away from Kyiv and its struggle to hold back the bigger Russian army. U.S.-brokered talks between the two adversaries have been sidelined as Washington shifts focus to its war in Iran.
“At the moment, the partners’ priority and all attention are focused on the situation around Iran,” Ukrainian President Volodymyr Zelensky said on X. “We see that the Russians are now trying to manipulate the situation in the Middle East and the Gulf region to the benefit of their aggression.”
Putin is unlikely to intervene militarily on Iran’s behalf, according to Robert English, an international foreign policy expert at USC. Instead, Putin is expected to play his position carefully, reap the economic rewards, and keep focused firmly on Ukraine at a time when key air defense systems are diverted from Ukraine to the Persian Gulf.
“Russia is winning the Iran-U.S.-Israel war, at least so far. Oil and natural gas prices have soared, filling Putin’s Ukraine war chest,” he said. “Russia is gathering forces for a big spring offensive in Eastern Ukraine, and it’s not even front-page news.”
Ukraine has dispatched drone interceptors and ordered its anti-drone experts to pivot from their war with Russia to help Western allies help intercept Iranian attacks. Zelensky’s allegiance may not pay off, English said.
“When will Ukraine see the benefits of helping the U.S. with anti-drone technology? No time soon, apparently,” he said.
Even several weeks of interruption in Gulf energy supplies could bring the largest windfall to Russia, the Associated Press reported, citing energy analysts.
The economic turmoil caused by the war has exposed vulnerabilities in Europe’s energy system, particularly its lingering dependence on Russian fuel.
Despite sanctions, the European Union remains a major purchaser of Russian natural gas and crude oil. Russian gas accounted for approximately 19% of E.U. gas imports in 2025. Allied Europeans have agreed to completely stop importing Russian liquefied natural gas, oil and pipeline gas by late 2027.
Putin expressed no desire Monday to rescue the European market now that U.S.-Israeli escalations and Iranian retaliation have choked oil production and shipping. The Russian president instead proposed to divert volumes away from the European market “to more promising areas” like the Asia-Pacific region, Slovakia and Hungary, which he said were “reliable counterparties.”
European leaders have been criticized for being “stunned, sidelined, and disunited” since hostilities began in late February. Excluded from the initial military planning by the U.S. and Israel, Europe entered the conflict with gas storage at only 30% capacity, the lowest levels in years. Instead of bold action, English said, European leaders have quarreled over internal divisions and rivalries.
“Sky-high energy prices are the underlying cause of many of these frictions, as Europe struggles now more than ever to find affordable alternatives to the cheap Russian petroleum,” English said.
Antonio Costa, president of the European Council, told European leaders in Brussels on Tuesday that rising energy prices and the world’s shifting attention risk strengthening the Kremlin at a critical moment in the war in Ukraine.
“So far, there is only one winner in this war,” Costa said. “Russia.”
Politics
Warren tells Trump to ‘sign the damn bill’ as bipartisan housing package remains stalled in Washington
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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)
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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.
Politics
MS NOW anchor Alex Witt to exit as network reduces live weekend programming
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
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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)
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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.
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