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BusinessPhoto: TOI Business

US to Release 17 Million Barrels from Strategic Petroleum Reserve

The United States plans to release 17 million barrels of crude oil from its Strategic Petroleum Reserve to ease fuel price pressures caused by disruptions linked to the war with Iran. This move is part of a broader international effort announced in March to stabilize energy markets. Despite limited demand from earlier attempts, the US continues seeking ways to boost global fuel supplies.

TOI Business·

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BusinessPhoto: Firstpost Business

US Budget Deficit Nears $2 Trillion in 2026 Amid Record Debt Interest

The US budget deficit reached $1.99 trillion in fiscal year 2026, a 12% increase from the previous year, driven largely by record $1.36 trillion interest payments on public debt. Despite President Trump's promises to cut spending, rising debt costs and tariff refunds following a Supreme Court ruling contributed to the deficit. Government revenues rose 3% to $5.40 trillion.

Firstpost Business·

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EntertainmentPhoto: HT Entertainment

Spain’s ‘La Bola Negra’ Explores Gay History Across Decades

Directed by Javier Ambrossi and Javier Calvo, Spain’s film 'La Bola Negra' spans 1932, 1937, and 2017 to depict the lives of gay men amid political upheaval and repression. Inspired by Federico García Lorca’s unfinished play and Alberto Conejero’s work, the $15 million film combines historical depth with poetic storytelling. Netflix granted it a 47-day theatrical window before streaming in December.

HT Entertainment·

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PoliticsPhoto: TOI Entertainment

Todd and Julie Chrisley Face $1.57M IRS Tax Lien After Trump Pardon

Reality TV stars Todd and Julie Chrisley are facing a $1.57 million federal tax lien filed by the IRS in Tennessee. This lien, filed in August 2026, concerns unpaid taxes for 2021 and 2022 and is separate from their 2022 bank fraud and tax evasion convictions, for which President Donald Trump pardoned them in 2025.

TOI Entertainment··Tennessee

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PoliticsPhoto: HT World

Bystander Kaylub Giamanco Fatally Shoots Oregon School Shooter

Kaylub Giamanco, a 36-year-old carpenter and parent of two Silver Rail Elementary students in Bend, Oregon, fatally shot 16-year-old shooter John J. Griffin during a school attack. Griffin killed one student and injured four others before Giamanco intervened. Police confirmed Giamanco acted after hearing gunshots while on a lunch break. The injured include young students and a teacher, with some in critical condition.

HT World··Bend

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PoliticsPhoto: HT World

FAA bans unauthorized drones near US-Mexico border over security

The Federal Aviation Administration (FAA) has imposed a temporary flight restriction banning unauthorized drones up to 400 feet above ground and one nautical mile north of the US-Mexico border. This move aims to curb illegal drug shipments by Mexican cartels using drones. The Pentagon reported over 1,000 drone incursions monthly and authorized a high-energy laser counter-drone system to protect the border. Defense Secretary Pete Hegseth stated the military will shoot down threatening cartel drones.

HT World·

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