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The Iran nuclear deal may be doomed, at least if you believe the global oil market.Oil prices have surged?partly because of mounting expectations that President Trump will kill the 2015 agreement, which allowed Iran to export more crude. Trump must decide by May 12 whether to re-impose sanctions on the OPEC nation.Brent crude, the global benchmark, briefly soared above a barrel on Monday after Israel leveled new nuclear allegations against Iran.Bringing back sanctions on Iran could knock out as much as 1 million barrels per day of crude supply, dealing a blow to increasingly fragile energy markets."There will be a significant disruption," said Michael Wittner, global head of oil research at Societe Generale."The market is assuming that oil sanctions will snap back onto Iran," he said.Trump said on Monday that Israeli Prime Minister Benjamin Netanyahu's speech on Iran helps show he's "100% right" about the Iranian nuclear agreement, which was signed by former President Barack Obama."We'll see what happens," Trump said about his decision on the Iran deal. "I'm not telling you what I'm doing, but a lot of people think they know."The oil market certainly thinks it knows. The price of Brent crude has soared 7% this year, and the US benchmark has soared 8% to nearly a barrel for the first time since late 2014. Oil prices have been lifted by concerns about the fate of the Iran deal as well as strong demand and supply cuts by OPEC and Russia."The Iranian nuclear deal is dead in the water and a Trump torpedo is fast approaching," Stephen Brennock, oil analyst at brokerage firm PVM Oil Associates, wrote to clients late last week.Under the deal, Iran agreed to limits on its nuclear activities, including bans on enrichment at key facilities. In exchange, sanctions were lifted in early 2016, freeing Iran to quickly boost its oil production by about 1 million barrels per day. Iran found eager customers for its crude in Europe, Japan, India and South Korea.It's "now looking increasingly likely" that Trump will not renew the waiver on Iranian sanctions by May 12, according to energy research firm FGE. 2153
The Lockport City School District thinks it could soon be a national model for school security. Superintendent Michelle Bradley said the district is installing 300 new security cameras loaded with a new high tech software. The software recognizes people who pose a threat, like terminated employees, sex offenders, suspended students, or someone carrying a gun. Then, it alerts police or school leaders. “It will add another layer of security to what we already have,” Bradley said. It will be the first security system of its kind in any public school in the United States. It will be installed in all 10 buildings owned by Lockport School District. Tony Olivo with Corporate Screening & Investigative Group, LLC is working with Canadian owned SN Technologies to get th\e high-tech system into more buildings in western New York.“We’ve actually been looking to deplore this type of technology in hospitals, health care organizations, as well as places like malls,” Olivo said. The new system is just part of the changes Lockport Public Schools have made to security recently. The school also just installed new doors and a sign-in system, which cost close to million dollars.The projects are being funded by the Smart School Bond Act of 2014 — a referendum allowing the state to give schools money for safety following the Sandy Hook shooting in 2012. More than 200 school across New York are on the waiting list for approval for funds from the act. The recognition system will be installed in Lockport schools over the summer. Leaders say this is just another layer of proactive security to protect their most precious values. 1709

The handwriting is on the wall: Sears appears to be nearing bankruptcy.One of Sears' major shareholders just dumped a chunk of his stock for pennies on his original investment. The company added a new director who is familiar with bankruptcies and restructuring. Reports circulated that the company is talking to advisers and banks in preparation for a bankruptcy filing.Sears Holdings, the parent company of Sears and Kmart, faces an October 15 deadline to pay 4 million on its debt. CEO and primary shareholder Eddie Lampert told the company's board that it was crucial it restructure more than billion it owes "without delay," according to a recent regulatory filing. 684
The number of Americans applying for unemployment benefits fell last week to a still-high 712,000, the latest sign that the U.S. economy and job market remain under stress from the intensified viral outbreak. Thursday’s report from the Labor Department said that initial claims for jobless aid dropped from 787,000 the week before. Before the virus paralyzed the economy in March, the number of people applying for unemployment benefits each week had typically amounted to roughly 225,000. The chronically high pace of applications shows that nearly nine months after the pandemic struck, many employers are still slashing jobs. 636
The Oklahoma City Thunder have reportedly traded All-Star guard Chris Paul to the Phoenix Suns.According to ESPN's Adrian Wojnarowski, OKC has reportedly traded Paul and Abdel Nader to the Suns for Ricky Rubio, Kelly Oubre Jr., Ty Jerome, Jalen Lecque, and a 2022 first-round draft pick.The Thunder will most likely look into flipping Rubio and Oubre Jr., with contending teams drawing interest into them both.According to The Athletic’s Shams Charania, the Suns‘ future first-round pick to OKC is protected 1-12 in 2022, 1-10 in 2023, 1-8 in 2024, and unprotected in 2025.It seems the Thunder are in a rebuilding mode, having also traded Dennis Schr?der to the Los Angeles Lakers and naming a new head coach. 717
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