AP Wire
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The Iran war has upended oil production and shipping across the Middle East, straining energy supplies worldwide. And crude prices swung wildly Monday. The price of Brent crude, the international benchmark, briefly surged to $119.50 per barrel on Monday — its highest level since the summer after Russia invaded Ukraine in 2022. West Texas Intermediate, which is produced in the U.S., also soared to $119.48 per barrel at one point. But those prices fell to under $90 late Monday, as markets made significant reversals after President Donald Trump told CBS News that he thinks “the war is very complete.”

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Hungary says it has detained seven Ukrainians working for a state bank and seized armored vehicles full of cash, setting off a sharp dispute with Kyiv. On Friday, Hungarian customs officials say they opened a money laundering case. Ukraine’s foreign minister called the detentions “state terrorism” and accused Hungary of taking the bank employees hostage. Ukraine’s Oschadbank says the shipment included millions in dollars and euros, plus gold. The bank says GPS shows the vehicles in central Budapest, but staff locations stay unclear. The clash adds fuel to a wider dispute over blocked Russian oil flows through Ukraine.

An official says a cargo plane carrying money has crashed near Bolivia’s capital, damaging about a dozen vehicles on a highway, scattering bills on the ground and leaving at least 15 people dead. Defense Minister Marcelo Salinas said the Hercules C-130 plane was transporting newly printed Bolivian currency when it “landed and veered off the runway” at an airport in El Alto, a city adjacent to the capital of La Paz, before ending up in a nearby field. Fire chief Pavel Tovar said at least 15 people died but he did not clarify if the dead were in the plane or in the cars.

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The Pentagon says U.S. military forces have boarded a third sanctioned oil tanker in the Indian Ocean after tracking it from the Caribbean Sea in an effort to target illicit oil connected to Venezuela. U.S. Southern Command said Tuesday in a post on X that U.S. forces boarded the Bertha overnight. President Donald Trump had ordered a quarantine of sanctioned tankers near Venezuela in December to pressure then-President Nicolás Maduro before his capture. Venezuela faced U.S. sanctions on its oil for several years, relying on a shadow fleet of falsely flagged tankers to smuggle crude into global supply chains.

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Severe winter weather across the northeastern United States, a partial government shutdown and security concerns in parts of western Mexico made air travel challenging Monday. Thousands of U.S. flights were canceled or delayed on the East Coast as a powerful snowstorm upended routines in Boston, New York, Philadelphia and other major cities. Airlines also suspended or adjusted service to destinations in and around Mexico’s Jalisco state as violence erupted in the aftermath of a senior cartel leader’s killing. Travelers with Global Entry memberships faced potentially longer wait times upon arriving in the U.S. as well after the Department of Homeland Security temporarily halted the program, which gives pre-approved individuals an expedited way to clear immigration and customs.

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The U.S. stock market ticked higher, led by its most influential stock, Nvidia. The S&P 500 rose 0.6% Wednesday and pulled closer to its all-time high set late last month. The Dow Jones Industrial Average added 0.3%, and the Nasdaq composite gained 0.8%. Nvidia was the strongest force lifting the market after Meta Platforms announced a deal to use millions of its chips in AI data centers. Treasury yields climbed following several reports on the U.S. economy that were stronger than economists expected. Stock indexes also rose in Europe and in Japan, with several Asian market closed for the Lunar New Year holiday.

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Temperatures in northern Europe have been so low that Estonians can now drive across a 12 1/2-mile stretch of frozen sea. This “ice road” connects the islands of Saaremaa and Hiiumaa. It officially opened Sunday after locals began driving across the frozen sea, risking their safety. Ferries struggled to maintain service due to weeks of temperatures dropping to minus 10 degrees Celsius, or 14 Fahrenheit. The road is a marked corridor where specialists ensure the ice is thick enough for cars. Vehicles must follow strict rules to prevent damaging the ice. Authorities plan to open more ice routes this week.