nor Iran have claimed any strikes for three days. A federal appeals court has upheld a ruling that halted President Donald Trump’s executive order to create a federal list of eligible voters and limit delivery of mail ballots only to people on that list. The ruling over the weekend rejected the Trump administration’s effort to move forward with the mail-in voting restrictions in 23 U.S.
states that sued ahead of November’s midterm elections. Also, the Trump administration has acknowledged in court documents that it canceled $7.6 billion in grants for hundreds of clean energy projects “based solely on the political identity of the grant recipient’s state” — in this case, 16 states that voted for Democrat Kamala Harris in the 2024 presidential election. Here’s the latest: Stocks open higher on Wall Street and crude oil prices drop 5% as Mideast tensions cool The S&P 500 rose 0.6%.
The index is coming off two weekly losses in a row. The Dow Jones Industrial Average rose 518 points, or 1%, as of 9:55 a.m. Oil prices reversed course from a week ago, when a sharp escalation in fighting between the U.S.
and Iran worsened worries about global oil supplies. The price of Brent crude, the international standard, dropped 5.4% to $86.74 a barrel for October delivery. Prices surged to over $100 a barrel last week before easing.
and Iran has sharply curtailed, and at a times halted, traffic through the vital Strait of Hormuz. That has had a ripple effect throughout the world’s economy. But scattered attacks by armed groups across the region underscored the lingering tensions.
Saudi Arabia said it had shot down drones fired by Iran-backed militias in Iraq that had targeted its petroleum facilities. Two drone attacks were reported against a Kurdish Iranian dissident group in Iraq, and Jordan said it had shot down two drones, without saying where they originated. There were no reports of casualties or damage.
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