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Iran deadline, shutdown over and Australia Indigenous clashes
Friday, 1 May, 2026
The White House says the U.S.-Iran war is “terminated” for the purposes of an approaching congressional war powers deadline, even as President Donald Trump huddles with military leaders over potential new strikes. Oil briefly spiked past $126 a barrel, pushing U.S. inflation to its highest year-on-year rise since May 2023. Trump signs an end to the 11-week partial government shutdown, restoring funding to most of Homeland Security. And in Australia hundreds clash with police demanding retribution for the murder of a five-year-old Indigenous girl. Listen to the Morning Bid podcast here. Sign up for the Reuters Econ World newsletter here. Listen to the Reuters Econ World podcast here. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices
