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The head of OPEC has warned that a decision by President Donald Trump to abandon the Iran nuclear deal would harm the global economy.In an interview with CNNMoney, OPEC Secretary General Mohammad Barkindo said that any factor that prevents the smooth running of the oil industry "will not be in the interest of the global economy.""Whatever extraneous factor that affects supply or demand, will no doubt send the market into disequilibrium, which is not in the interest of producers, or the interest of consumers," he said when asked about the consequences of ditching the Iran nuclear agreement.Trump has repeatedly threatened to rip up the Iran accord, which he has described as "the worst deal ever." He said he plans to announce his decision on the matter on Tuesday at 2:00 p.m. ET.The United States and other powers agreed to lift some economic sanctions under the 2015 deal in return for Iran agreeing to rein in its nuclear program. The sanctions had limited energy investment and production, and Iran's oil industry has sprung back to life since they were lifted.Iranian oil exports have increased by roughly 1 million barrels per day since early 2016, and the big question is whether the market will be able to cope with a sharp drop in supply if sanctions are reimposed.Worries over potential supply disruptions have already caused oil prices to spike. They've surged nearly 13% over the past month and hit their highest level since 2014, while the price of US gas has jumped to a national average of .81 a gallon.Barkindo said that price hikes were being driven by "volatility that occasionally returns to the market" as a result of "geopolitical tensions."A Nigerian who is serving a three-year term as secretary general, Barkindo said that OPEC would continue to seek a balanced oil market. The interview was conducted before Trump said an announcement on Iran was imminent.The cartel and its allies agreed to slash output in late 2016, a response to oversupply and an oil price crash. The agreement has been extended until the end of 2018.The secretary general said it had taken four "long" years for OPEC to get where it is today, with prices hovering around .Barkindo said the cartel was committed to seeing the agreement through, but he hinted that market conditions could spur a change."We have always been flexible. There is nothing sacrosanct in this market," Barkindo said. 2414
The jury in the trial of former Donald Trump campaign chairman Paul Manafort did not reach a verdict after its first full day of deliberations.Just before 5 p.m. ET, jurors sent a note to Judge T.S. Ellis with four questions, including one asking him if he could "redefine" for them the meaning of "reasonable doubt," the legal threshold for acquitting a defendant. Ellis responded that the prosecutors had to prove their case not "beyond possible doubt," but beyond "doubt based on reason."Jurors also asked questions related to Manafort's tax filing and foreign bank account disclosure charges, including when a person is required to file a foreign banking disclosure, and the definition of "shelf" companies. Ellis instructed them to rely on their "collective recollection" and gave no additional explanation.Jurors began deliberations Thursday morning. Manafort is facing 18 counts of tax evasion, bank fraud and hiding foreign bank accounts brought by special counsel Robert Mueller as part of the investigation into Russian interference in the 2016 election.The jury will return at 9:30 a.m. ET Friday.For the first time, the jurors are seeing pictures of the ,000 ostrich jacket, ,000 python jacket, and other high-end clothes Manafort purchased using foreign wire transfers. They are also debating the testimony of Rick Gates, Manafort's former deputy who admitted to embezzling hundreds of thousands of dollars. And they can pore over reams of emails, tax forms and financial documents that prosecutors say are the "star witness" in their case.The courtroom drama will be nothing compared to the political earthquake the verdict will bring, regardless of which way it comes down.The President has repeatedly called Mueller's investigation a "witch hunt" that hasn't found evidence of Russian collusion with his campaign, and Trump's allies in and out of the White House say the special counsel should wrap things up."If he doesn't get it done in the next two or three weeks we will just unload on him like a ton of bricks," Trump lawyer Rudy Giuliani told Bloomberg News."Looking back on history, who was treated worse, Alfonse Capone, legendary mob boss, killer and "Public Enemy Number One," or Paul Manafort, political operative & Reagan/Dole darling, now serving solitary confinement - although convicted of nothing? Where is the Russian Collusion?" Trump tweeted earlier this month about Manafort.An acquittal would only add to criticism that Mueller's investigation hasn't been worth the time and expense.A conviction, meanwhile, would allow Democrats and Mueller's supporters to say ending the investigation would be premature given the special counsel's results, having previously collected several guilty pleas.It could also boost Mueller's position as he negotiates with Trump's lawyers over a potential interview. 2876
The person who stabbed five people in Paris on Saturday night, killing one, yelled the Arabic phrase "Allahu Akbar," meaning "God is great," during the attack, city prosecutor Fran?ois Molins told reporters at the scene.Authorities have opened a terrorism investigation, he said.Four people were wounded during the knife attack in the touristy 2nd arrondissement, or district, of Paris. It happened around 9 p.m. (3 p.m. Eastern), a time when streets and sidewalks were filled with people. 497
The man accused of killing 17 people at Marjory Stoneman Douglas High School in Parkland, Florida earlier this year reportedly attacked a detention officer inside a Florida jail Wednesday morning.WTVJ-TV in Miami spoke to the Broward County Sheriff's office in Miami, who confirmed that Nikolas Cruz attacked an injured a detention officer at the Broward County Jail Wednesday morning. The condition of the injured officer is unknown.Cruz is the suspected shooter in the Feb. 14 shooting at Marjory Stoneman Douglas High School in Parkland, where 17 students and teachers were killed. Cruz was charged with 34 counts of premeditated murder and attempted murder in March and is currently awaiting trial.More on this as it develops. 779
The police officer who fatally shot 12-year-old Tamir Rice in Cleveland four years ago has withdrawn his application to a police department in eastern Ohio, CNN affiliate WTOV-TV reported, citing the department's police chief.Timothy Loehmann was hired by the police department in Bellaire, a small town on the Ohio River, about 65 miles southwest of Pittsburgh. Bellaire Police Chief Richard "Dick" Flanagan told WTOV on Wednesday that Loehmann called him saying he was "rescinding his application here at the Bellaire Police Department.""I had accepted his withdrawal from the Bellaire Police Department," Flanagan said. "He proceeded to tell me that he wanted to pursue the legal end of what's going on there in Cleveland and he just doesn't have the time to travel back and forth." 793