First Major Weather Organization Declares El Nino Onset As Food Inflation Risks Intensify

Oil Tumbles As Qatar, Pakistan Tout 'Compromise Proposal' To End Iran War Update(1035ET): This past weekend Iranian Foreign Minister Abbas Araqchi said that his country's offer to the United States to reopen the Strait of Hormuz within seven days is still on the table.  By Tuesday morning, we have a return of another round of 'deal imminent'-style headlines, which has gained more visibility over the last couple hours, resulting in oil prices tumbling: Mediation efforts said that "Qatar and Pakistan presented a 'compromise proposal' that meets the demands of both the American...

$20 Million In Cocaine Found Beneath Floorboards Of Truck Trailer At California Border By Phil Brink of FreightWaves, Federal officers uncovered more than 1,000 pounds of cocaine concealed beneath floorboards on a commercial truck’s attached flatbed trailer. The truck arrived at California’s Calexico Port of Entry. Authorities estimated the recovered narcotics were worth more than $20 million. The shipment also included 269 bundles of rebar. The driver, Jose Manuel Lopez Lopez, was the truck’s only occupant, according to federal prosecutors. Lopez, 44, entered the United States from Mexicali, Mexico. Officers arrested him...