Category: National News

BALTIMORE (AP) — Federal prosecutors announced criminal charges Tuesday in the 2024 collapse of Baltimore’s Francis Scott Key Bridge, accusing a Singapore-based ship operator and a senior employee of making critical decisions that caused a vessel to crash into the span, killing six people, and covering up what happened.

Acting Attorney General Todd Blanche called it a “preventable tragedy of enormous consequence.”

The indictment names Synergy Marine Pte Ltd., based in Singapore, and Synergy Maritime Pte Ltd., based in Chennai, India. Radhakrishnan Karthik Nair, 47, an Indian national who was technical superintendent for the Dali container ship, was also charged.

The Dali, bound for Sri Lanka, lost power twice in a four-minute span as it moved to sea from the Port of Baltimore, causing it to crash into the Key Bridge on March 24, 2024. Investigators say a loose wire in a switchboard likely caused the first power loss that caused its steering to fail.

After regaining power, the ship found itself in trouble again. The Dali turned to a certain pump to supply fuel to two generators but the pump was not designed to automatically restart after the first blackout, so a second blackout occurred, the indictment says.

The ship crashed into a supporting column of the bridge at about 1:30 a.m.

If the Dali had used the proper fuel pumps, according to the indictment, the vessel would have regained power in time to safely get under the bridge. It crashed instead, killing six construction workers who had been filling potholes.

“As alleged, the bridge was struck and collapsed because those who were responsible for the ship’s operation deliberately cut corners at the expense of safety,” said Jimmy Paul, head of the FBI’s Baltimore office.

The companies and Nair are charged with conspiracy, willfully failing to immediately inform the U.S. Coast Guard of a known hazardous condition, obstructing an investigation by the National Transportation Safety Board and making false statements. Messages seeking comment about the indictment were not immediately returned.

The Synergy companies are also charged with misdemeanors for the release of pollutants into the Patapsco River, including shipping containers and their contents.

The FBI’s investigation focused on the vessel’s operations and whether the crew knew of critical systems issues before leaving port. The NTSB found that the two electrical blackouts disabled the controls of the huge cargo ship before it crashed into the bridge.

The ship had experienced two blackouts in port a day earlier, but Synergy didn’t investigate or report those as required and provided false information to the NTSB, the government alleges.

Maryland officials estimate it could cost between $4.3 billion and $5.2 billion to replace the bridge, which is expected to be open to traffic in late 2030.

“The altered skyline is a constant reminder of this tragedy,” Paul said.

But the true cost of the collapse was far greater, according to the Maryland Attorney General’s Office. It halted shipping at the Port of Baltimore, disrupted the livelihoods of thousands, rerouted road traffic through communities already bearing disproportionate burdens and triggered economic problems statewide.

The indictment comes on the heels of a settlement in principle between the State of Maryland, Synergy Marine and Grace Ocean Private Limited, the Singapore-based ship owner, Attorney General Anthony Brown announced in April.

That lawsuit alleged the crash was the result of negligence, mismanagement and the reckless operation of a vessel that was not seaworthy and should never have left port. Plaintiffs include the families of the six construction workers who died, owners of cargo that was on the ship and local governments seeking damages for economic losses. The details of the settlement haven’t been disclosed and some portions of the lawsuit remain unresolved.

The state sought damages on behalf of its agencies for the destruction of the bridge, harm to the Patapsco River and surrounding environment, lost revenues and economic losses to Maryland and its residents.

The settlement does not resolve any claims the state has against the shipbuilder, Hyundai, the attorney general’s office said in April.

The bridge, a longstanding Baltimore landmark, was a vital piece of transportation infrastructure that allowed drivers to easily bypass downtown. The original 1.6-mile (2.6-kilometer) steel span took five years to build and opened to traffic in 1977.

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White reported from Detroit.

NEW YORK (AP) — For months, New York Gov. Kathy Hochul has resisted calls to increase taxes on the wealthy, beating back progressives who have hounded her from Manhattan to Puerto Rico bellowing chants of “tax the rich.”

Now she is pitching a compromise.

The moderate Democrat says she will push to create a new tax on multimillion-dollar second homes in New York City known as pied-à-terres, attempting to appease Mayor Zohran Mamdani and his supporters while also tending to her concerns about destabilizing the state’s finances.

The idea, announced Wednesday, would allow the city to impose a tax surcharge on secondary residences worth over $5 million, with the governor’s office saying it could generate at least $500 million annually as Mamdani moves to fill a multibillion dollar budget hole and fund his ambitious agenda.

“As Governor, I understand the importance of stabilizing the city’s finances without compromising on essential services New Yorkers count on,” Hochul said in a statement. “If you can afford a $5 million second home that sits empty most of the year, you can afford to contribute like every other New Yorker.”

The governor’s office said she would include the measure in this year’s state budget, a sprawling bundle of bills that are still being hotly negotiated in Albany after the governor and Legislature blew past an April 1 due date for the spending plan.

Mamdani, who has called for a much broader tax increase on the rich, cast the proposal as a win, saying in a statement that it places him “one step closer to balancing our budget by taxing the ultra-wealthy and global elites.”

At an unrelated forum focused on taxes, Mamdani, appearing in front of a large banner that read “Tax The Rich,” said the proposal would target the “super wealthy who can purchase properties and use them to store their wealth to benefit from New York City’s real estate market but not have to pay back into that same city.”

Hochul has long rejected increasing personal income or corporate taxes, arguing that such measures would further incentivize residents and big businesses to flee the city for states with lower tax rates, thereby eroding the state’s tax base.

Still, the calls have followed her, with progressives chanting “tax the rich” when she appears at events, and even when she was at an annual political conference in San Juan late last year.

The governor is also contending with a possible political vulnerability over raising taxes as she runs for a second full term in office and tries to fend off Republican criticisms over high taxes in the state.

Her Republican challenger this fall, Bruce Blakeman, wasted little time in turning the proposal into a familiar attack.

“Kathy Hochul’s ‘No Tax Hike’ promise has expired faster than the families fleeing New York’s affordability crisis,” said Blakeman, a county executive in the city’s suburbs. “Unlike Hochul, I’ll actually keep my word when I’m governor: I’ll cut your taxes, slash your utility bills in half, and protect the American Dream.”

Mamdani, a Democrat, has urged the governor and state Legislature to raise taxes on the rich, calling for wealthy residents to pitch in more money for programs intended to help the city’s struggling working-class.

At the same time, he also finds himself confronting a massive budget gap — which he first put at around $12 billion but later revised to about $5 billion after savings and financial assistance from the state — that could imperil his agenda and city services more widely.

At a news conference, Hochul said the proposal will help the city close its budget gap without having to cut services, but said the mayor and City Council must find additional savings as they move to balance their budget.

“Our goal is to get the city on stable ground, to close the gap so we can take the pressure off,” she said.

OKLAHOMA CITY (AP) — Newly released video shows a high school principal in Oklahoma tackling and disarming a former student who entered the lobby of the school and began firing a pistol.

Pauls Valley High School Principal Kirk Moore was shot in the leg during the April 7 attack, but managed to wrestle the suspect onto a bench, disarm him and remain on top of him until law enforcement officers arrived, according to court records.

The video, released by the school district in response to an Open Records Act request, shows a person in a dark hooded sweatshirt enter the school and point a handgun at two students in the lobby. After the gunman fires the weapon, Moore rushes at him, tackling and disarming him while the students run away. Another school official then enters the frame and kicks the gun away before picking it up and taking it away.

No students were injured in the attack.

“The actions of the staff and the principal stepping in as soon as they saw a subject with a firearm saved lives today,” Hunter McKee, a spokesperson for the Oklahoma State Bureau of Investigation, said after the shooting.

In a statement shared on social media, Moore said: “I look forward to returning to work as soon as possible so that I may continue my life’s work educating the next generation of Oklahoma leaders.”

Authorities arrested Victor Lee Hawkins, 20, a former student at the school who has been charged with unlawfully carrying a firearm, shooting with intent to kill and pointing a firearm.

Hawkins told investigators that he went to the school with plans to kill students, Moore and then himself in a mass shooting “like the Columbine shooters did,” a reference to the 1999 school shooting in Colorado in which 12 students and a teacher were killed, according to an OSBI affidavit.

Hawkins has pleaded not guilty to the criminal charges. His court-appointed attorney, Tyson Stanek, declined to comment on the charges, citing policies of the Oklahoma Indigent Defense System.

Garvin County Detention Center records show Hawkins is being held on $1 million bond.

Pauls Valley is a community of about 6,000 people 60 miles (100 kilometers) south of Oklahoma City.

LAS VEGAS (AP) — The interactive gaming platform Roblox will implement increased protections for young users and pay more than $12 million to the state of Nevada in what state Attorney General Aaron Ford on Wednesday called a first-of-its-kind agreement.

“This settlement will create a safer environment for our children online, and I hope that it will serve as a bellwether for how online interactive platforms allow our state’s youth to use their products,” the Democratic attorney general said Wednesday.

Roblox, a popular online gaming platform used by nearly half U.S. children under 16, will give $10 million over three years to support programs like the Boys & Girls Club and other nondigital activities, Ford said. It will also fund a law enforcement liaison position to respond to safety concerns about the platform and fund an online safety awareness campaign, Ford said.

The settlement, which was agreed upon in lieu of litigation, includes enhanced protections for minors who use the app, such as requiring age verification for all users and restricting nighttime notifications for minors. The gaming platform faces litigation in other states, including Texas and Kentucky, which allege it fails to protect children.

“Roblox is proud to have worked alongside Attorney General Ford to reach this landmark agreement, which builds on our work to establish a new standard for digital safety,” Roblox Chief Safety Officer Matt Kaufman said in a statement.

Kaufman said the agreement creates a blueprint for how industry and regulators can work together to protect children.

The settlement comes as prosecutors have filed lawsuits against social media companies over the role they play in children’s lives. Last month, social media companies Meta and YouTube were found liable for designing their platforms to hook young users without concern for their well-being.

As part of the agreement, Roblox will implement facial age estimation technology to limit younger users’ chats to only those in similar age groups. Adult users and users under 16 will not be allowed to chat unless they are communicating with a trusted friend, Ford said. A trusted friend can be added through a QR code or their phone contacts to ensure the child knows the person outside of the platform, he said. The company will also monitor activity to see if a user lied about their age, he said.

Roblox will create kids accounts for users under ages 16 that blocks access to adult-rated content and provides games vetted for suitability. The agreement also expands parental oversight to users under 16. That oversight was previously available for users under 13.

Donch’e King, supervising criminal investigator at the attorney general’s office, said half a million online predators pursue children at any given moment, often across multiple platforms. The majority of predatory contact occurs through chat rooms and instant messaging, he said. He urged parents to communicate frankly with their children about the platforms they are on and to report concerns to law enforcement.

“Protecting Nevada’s children is not an option; it’s our duty,” King said.

 

The U.S. Postal Service said Thursday it has informed federal budget officials it will temporarily suspend its employer contributions to Federal Employees Retirement System annuities, allowing it to keep making payroll, paying suppliers and delivering the mail.

The step taken by the Postal Board of Governors is meant to preserve cash and liquidity due to the Postal Service’s ”ongoing, severe financial crisis,” Postal Service Chief Financial Officer Luke Grossmann said in an internal message to USPS employees. Officials have warned the USPS is on course to run out of cash by around February 2027.

Despite the suspension of employer contributions, effective Friday, current and future retirees will not be immediately impacted, Grossman said.

“The risk to the Postal Service and the American public from insufficient liquidity for postal operations dramatically outweighs any longer-term risk to the pension funds from not making the currently due payments,” he said in the statement. USPS deferred payments in 2011 during another financial crisis.

The Postal Service said it will continue transmitting employees’ retirement contributions to the federal Office of Personnel Management, along with Thrift Savings Plan contributions, including employer automatic and matching funds, and will also maintain its employer contributions to Social Security.

Brian Renfroe, president of the National Association of Letter Carriers, said the temporary suspension of annuity payments is “not ideal” but it doesn’t immediately impact his members, who he said understand the Postal Service’s financial challenges.

“Given a menu of options, none of which are overall positive, they would certainly prefer the Postal Service making a move like this as opposed to something that immediately impacts them or immediately impacts in a negative way the service that we provide to the American people.”

Ninety-nine percent of career USPS employees are covered by the Federal Employees Retirement System.

Last month, Postmaster General David Steiner told The Associated Press and later a congressional committee that the 250-year-old service needs to have a decades-old cap on borrowing lifted so the independent agency can have access to more cash.

“That will buy us the time to make the fixes we need to make, and we can sail on down the road,” he told the AP. Steiner has called for other changes as well, including giving the Postal Service authority to raise postage prices high enough to cover losses.

Keep Us Posted, an advocacy group representing consumers, catalogs, greeting card publishers and others, has urged Congress to ensure any rate increases would be limited to once a year. The group also wants to ensure six-day-a-week mail service remains and that USPS regulators have greater control over any service changes.

The Postal Service has seen annual volume plummet from about 220 billion pieces in 2006 to about 110 billion today as more people pay bills and communicate online.

USPS’s net losses for the 2025 fiscal year totaled $9 billion, even though total operating revenue increased by $916 million or 1.2%, due largely to its Ground Advantage shipping service. Net losses in fiscal year 2024 were $9.5 billion.

 

ALBUQUERQUE, N.M. (AP) — There are faster ways to get from Chicago to Los Angeles, but none have the allure or cultural cachet of Route 66.

To John Steinbeck, it was the Mother Road that led poor farmers from Dust Bowl desperation to sunny California. To Native Americans along the route, it was an economic boon that also left scars. To Black travelers, it offered sanctuary during segregation. And to music fans, it was the place to get their kicks.

Route 66 marks its 100th anniversary this year. Despite losing its status decades ago as one of the nation’s main arteries, people from around the world still flock to it to take perhaps the quintessential American road trip and soak in its neon lights, kitschy motels and attractions, and culinary offerings.

Each town has its own history and magic, said Sebastiaan de Boorder, a Dutch entrepreneur who, with his wife, breathed new life into The Aztec Motel in Seligman, Arizona.

“It’s an essential part of American culture and history,” he said of the highway. “The historical aspect is just a very big important part of American culture, with its influence and its character.”

The dream

Route 66, which runs for roughly 2,400 miles (3,860 kilometers) from Chicago through Missouri, Kansas, Oklahoma, Texas, New Mexico and Arizona before ending in Santa Monica, California, was stitched together a century ago from a collection of Native American trading routes and old dirt roads with the goal of linking the industrial Midwest to the Pacific coast.

Oklahoma businessman Cyrus Avery, known as the Father of Route 66, saw it as more than just a way to cross the country efficiently. It was a chance to connect rural America and create new pockets of commerce.

Avery knew the number 66 would be ripe for marketing and could be seared into drivers’ minds, and he was right: Route 66 has been immortalized in movies, books, including Steinbeck’s “The Grapes of Wrath” and Jack Kerouac’s “On the Road,” and songs such as Bobby Troup’s “(Get Your Kicks on) Route 66,” which served as an anthem for post-World War II optimism and mobility.

Waves of migration

Since its November 1926 designation as one of the nation’s original numbered highways, the onetime Main Street of America has embodied the promise of prosperity.

It became a literal path of hope for migrants escaping drought-ravaged farms and poverty during the 1930s Dust Bowl and the Great Depression. And during World War II, it was used to move troops, equipment and workers out West.

The postwar boom of the 1940s and 1950s were Route 66’s heyday, as it became a popular vacation route. Cars became more affordable, disposable income increased, and people began chasing freedom on the open road.

“People generally have a sense of adventure, a sense curiosity. And you can find that on Route 66. This is the road of dreams,” author and historian Jim Hinckley said.

Going mainstream

Roadside diners and motels thrived, as crafty entrepreneurs dreamed up ways to part motorists from their money. There were rattlesnake pits, totem poles, trading posts, caverns where Old West outlaws purportedly hung out, and modern engineering marvels like St. Louis’ gleaming steel arch.

Barns were painted with larger-than-life ads, billboards teased local attractions, and neon was everywhere.

The cherry on top? The food.

There were places to grab and go, but also to sit down and relish a slice of home. The Cozy Dog Drive In — famous for its breaded hot dogs on a stick — has fit both bills since 1949. Inside the dining room in Springfield, Illinois, travelers tell tales of life on the highway.

“The road wouldn’t be alive without the stories of all the places along it that kept it going from town to town,” third-generation owner Josh Waldmire said. “We just survive off each other. The road feeds us, and as long as we put our feelings and love back into the road, it will reverberate with the travelers and the stories of the people.”

A divided highway

Route 66 was an economic boon to the Native American tribes along the way. But although it brought tourists, it also left scars of eminent domain across tribal land and perpetuated stereotypes.

More than half of the highway crossed through Indian Country, and vendor signs often made casual references to tipis and feathered headdresses — symbols easily appropriated for marketing but not always representative of the distinct cultures found along the route.

At Laguna Pueblo west of Albuquerque, restaurants and service stations sprang up, some operated by military veterans from the pueblo who were masters at fixing everything from flat tires to busted radiators.

Pueblo women adapted too, turning utilitarian pottery vessels into works of art coveted by tourists. Homemade bread and pies sealed the deal.

Laguna leaders have long considered the road — or he-ya-nhee’ in the tribe’s language of Keres — as “the corridor of commerce,” said businessman and tribal member Ron Solimon. Capitalizing on that potential, the tribe has built a multimillion-dollar empire of casinos, burger stands and other businesses.

There were also dangers along the route, particularly during the Jim Crow era, when Black travelers had to rely on guides like the Green Book to find safe lodging and services.

“Especially for long-distance travel, segregation was a fact of life,” said Matthew Pearce, state historian for the Oklahoma Historical Society. “And so Black motorists needed to know a safe place to go.”

The Threatt Filling Station near the central Oklahoma community of Luther wasn’t listed in the Green Book, but it did serve as a safe haven between two sundown towns, where people who weren’t white needed to leave by sunset. The station offered barbecue and even baseball.

Edward Threatt, whose grandparents opened the station around 1933, recalled a TV program about travelers getting their kicks on 66. “By and large, the Black traveler didn’t get a lot of kicks on Route 66,” he said. “And if they got some kicks, it wasn’t the kind you would think of.”

A new direction

President Dwight Eisenhower’s vision for a modern interstate highway system eventually led to Route 66 being decommissioned as a federal highway in 1985. Some towns along the route died, and it fell to local governments, state historical societies, and private businesses to preserve their sections of the famed road.

A driving force was Angel Delgadillo, a barber who lobbied the Arizona Legislature to designate the road as a historic highway. He saved Seligman from turning into a ghost town and set the bar for preservation elsewhere.

In New Mexico, original sketches for neon signs have been preserved, Route 66-themed murals abound and developers in Albuquerque have restored motor lodges along the longest urban stretch of the road still intact.

More than 90% of the road is still drivable in California. Cadillac Ranch in the Texas Panhandle offers the chance to spray-paint half-buried cars. And at the Mississippi River, travelers can walk or bike across the old Chain of Rocks Bridge.

More than 250 of the route’s buildings, districts and road segments are listed on the National Register of Historic Places. But it’s more than bricks and asphalt that fuel the fascination.

“Some of the most interesting and fun things that happen to people when they travel the route is running into somebody they know or some happenstance thing that comes totally unexpected,” said author and historian Jim Ross. “And that’s a great part of the Route 66 experience.”

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Associated Press writers John O’Connor in Springfield, Illinois, and Sean Murphy in Oklahoma City contributed to this report.

 

HOUSTON (AP) — The Artemis II astronauts are now forever intertwined with Apollo 8.

A day after the historic lunar flyaround, NASA on Tuesday released striking photos taken by the U.S.-Canadian crew.

The four astronauts channeled Apollo 8’s famous Earthrise shot from 1968 with their own: Earthset, showing our planet setting behind the gray, pockmarked moon. Another photo captures the total solar eclipse that occurred when the moon blocked the sun from the crew’s perspective.

The three Americans and one Canadian are now headed home, with a splashdown in the Pacific set for Friday.

Apollo 8’s three astronauts became the world’s first lunar visitors, orbiting the moon on Christmas Eve 1968. Their Earthrise shot became a symbol of the modern-day environmental movement.

Artemis II marks NASA’s first return to the moon with astronauts — a critical step toward a lunar landing by another crew in two years.

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The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Department of Science Education and the Robert Wood Johnson Foundation. The AP is solely responsible for all content.

 

 

SALT LAKE CITY (AP) — New DNA testing has definitively linked the unsolved death of a Utah teenager in 1974 to the infamous serial killer Ted Bundy, the local sheriff’s office said Wednesday.

Laura Ann Aime, 17, went missing Halloween night 51 years ago after she left a party alone to go to a convenience store. About a month later, her body was found by hikers on the side of a highway in American Fork Canyon. Aime was bound, beaten and without clothing. Authorities said the evidence indicated that she had likely been kept alive for several days after her abduction.

Investigators long suspected that Bundy was responsible — police said he verbally acknowledged his culpability leading up to his execution in Florida in 1989 — but the case remained open until they could be certain.

Bundy was one of the nation’s most prolific serial killers, with at least 30 women and girls’ deaths linked to him in several states in the 1970s. His murders — which occurred in sorority houses, parks and elsewhere — set the nation on edge. Bundy’s arrest drew widespread fascination, in part because many considered him to be charming and handsome.

Investigators had carefully preserved the evidence from Aime’s case, and forensic investigators were able to analyze that evidence to select the portions that seemed most likely to have usable DNA samples, Utah Department of Public Safety Commissioner Beau Mason said.

The state crime lab got new technology in 2023 that allows investigators to extract DNA from samples even if they are small, degraded from age or contain DNA from multiple people, he said. That technology allowed them to identify a single male DNA profile, which they submitted to a national law enforcement database.

Bundy’s DNA was a match, Mason said.

Aime’s family described her as a free spirit who loved the outdoors and found joy in everything she did.

“Laura Aime is the quintessential daughter of Utah County,” Utah County sheriff’s Sgt. Mike Reynolds said in a news conference earlier Wednesday. “We felt the pain the family feels when she was taken. We felt the pain that you felt this whole entire time, and we’ve had the desire to deliver to you some type of healing, we can’t really say closure.”

It’s not known when Bundy first began his attacks, but by 1974, young women — many of them college students — began disappearing in Washington state. Authorities were still investigating those cases when Bundy moved to Salt Lake City, and began killing people in Utah, Idaho and Colorado.

At the time of Aime’s killing, Bundy was studying law at the University of Utah.

In August 1975, he was arrested for the first time in connection with the attacks. Police pulled him over and found incriminating items in his vehicle including rope, handcuffs and a ski mask.

He was found guilty the following year of kidnapping and assaulting a teen in Utah who had managed to get away. Bundy was sentenced to 15 years in prison for that crime, and while imprisoned he was charged in connection with the earlier death of a nursing student.

He was brought to Aspen, Colorado for a hearing in that case in 1977, and he escaped custody by climbing out a second-story courthouse window when he was left alone for a time. He was caught about a week later, but escaped again six months later by breaking through the ceiling of a jail.

That time Bundy fled across the country, eventually making his way to Tallahassee, Florida. On Jan. 15, 1977, he entered the Chi Omega sorority house at Florida State University, bludgeoning two women to death with a large branch and leaving two more badly injured. He then went to another house nearby, badly injuring another woman.

Less than a month later, he abducted, sexually assaulted and killed a 12-year-old girl in Lake City, Florida. Kimberly Leach was believed to be his final victim: Bundy was pulled over in Pensacola while driving a stolen vehicle, and arrested. His DNA was later collected in Florida.

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Boone reported from Boise, Idaho.

 

DoorDash is offering extra compensation to U.S. and Canadian drivers as part of a temporary program to help offset rising gas prices.

The San Francisco-based delivery company announced the program Monday as the national average price for gas hit $3.96 per gallon in the U.S., according to AAA. That’s 35% higher than one month ago.

Global oil prices have soared since the Iran war began on Feb. 28. Last week, Brent crude oil, the international standard, briefly rose above $119 per barrel, up from roughly $70 before the war began.

Iran has halted most shipments of oil through the Strait of Hormuz and has also attacked oil and gas facilities around the Persian Gulf in response to an Israeli attack on an important Iranian natural gas field.

DoorDash said U.S. drivers with a DoorDash debit card will earn 10% cash back on any gas purchase, up from the usual rate of 2%. More than half of DoorDash drivers have the card, the company said.

The company said drivers who travel 125 miles or more while making deliveries will also receive a weekly fuel payment, starting at $5 and up to a maximum of $15.

In Canada, DoorDash drivers will receive up to $36 Canadian dollars per week based on the miles they travel to make deliveries.

DoorDash said both programs will remain in effect through April 26. It announced a similar gas price relief program in Australia late last week.

It’s not yet clear if rivals will match DoorDash’s payments. GrubHub said last week that it is keeping a close eye on gas prices. Messages seeking comment were left Monday with Uber and Lyft.

DoorDash launched a similar temporary program in 2022 when U.S. gas prices topped $4 per gallon. At the time, Uber and Lyft also put in place temporary gas surcharges for customers.

NEW YORK (AP) — Relief is ripping through financial markets Monday after President Donald Trump said the United States has talked with Iran about a possible end to their war. Oil prices are easing, and stock prices are jumping on Wall Street following severe losses elsewhere in the world before Trump’s announcement.

The price for a barrel of Brent crude fell 9.7% to $101.26, down from nearly $120 at one point last week, after Trump said on his social media network that the United States and Iran held productive talks the last two days “regarding a complete and total resolution of our hostilities in the Middle East.”

The S&P 500 leaped 1.8% toward its best day since before the war following the step down in tensions, even though Iran denied there were any negotiations.

Over the weekend, Trump had threatened to “obliterate” Iran’s power plants if it doesn’t open up the Strait of Hormuz within 48 hours. The strait has become a sore point for Trump because its near-closure by Iran has prevented oil tankers from leaving the Persian Gulf to supply customers around the world.

Trump said Monday that he is postponing attacks on Iranian power plants for five days to allow talks to continue. Still, caution remains, and the optimism in financial markets was measured. Shortly after Trump’s announcement — hours before his original deadline was set to expire — Iranian state television declared that the American leader had backed down “following Iran’s firm warning.” And a state-owned newspaper said Iran’s Foreign Ministry denied that any negotiations have taken place with the U.S.

The price of Brent crude fell as low as $96 immediately after Trump announced the postponement, but it quickly recovered a chunk of that loss. Benchmark U.S. crude had a similar reaction, immediately falling toward $84 per barrel before paring its loss and reaching $90.11.

Financial markets have had vicious swings, both up and down, since the war began because of uncertainty about how long it may last. The fear is that a long-term war could keep so much oil and natural gas from the Persian Gulf off global markets that a debilitating wave of inflation crashes through the global economy.

The frenzied swings of the past few weeks are similar to, though not as dramatic as, those that hit last year when Trump shocked the global economy on “Liberation Day.” Many of his worldwide tariffs ended up being milder than he initially threatened, and the back-and-forth in negotiations led to historic moves up and down.

Still, Monday’s overriding reaction in financial markets was one of relief. The Dow Jones Industrial Average was up 918 points, or 2%, as of 10:45 a.m. Eastern time. It had soared as many as 1,040 points higher earlier in the morning. The Nasdaq composite jumped 2.1%.

In Europe, stock indexes immediately flipped from losses to gains following Trump’s announcement and then held onto them. France’s CAC 40 jumped 1.9%, and Germany’s DAX returned 2.3%.

That compares with sharp drops for Asian stock indexes, which finished trading before Trump made his announcement. South Korea’s Kospi careened 6.5% lower, Japan’s Nikkei 225 dropped 3.5% and Hong Kong’s Hang Seng fell 3.5%.

Treasury yields also eased in the bond market following Trump’s announcement. High Treasury yields and disruption in the bond market were main factors that Trump named a year ago when he backed off his initial threats for global tariffs, moves that caused critics to say that Trump always chickens out, or “TACO,” if financial markets react loudly enough.

But like oil prices, Treasury yields nevertheless remain well above where they were before the war began. The worry is that high oil prices could keep the Federal Reserve and other central banks from resuming their cuts to interest rates, which would give the global economy and prices for investments a boost.

The yield on the 10-year Treasury fell to 4.34% from 4.39% late Friday. But it remains solidly above its 3.97% level from just before the war.

On Wall Street, Monday’s rally was so widespread that nine out of every 10 stocks rose within the S&P 500.

At the head were companies with big fuel bills that stand to benefit from any easing of oil prices. Norwegian Cruise Line Holdings surged 8.8%, while United Airlines climbed 5.1%, and American Airlines rose 4.6%. All, though, are still down for the year so far.

Stocks of smaller companies also led the market, and the Russell 2000 index of smaller stocks jumped a market-leading 3%. It had dropped last week to 10% below its record, a sharp enough fall that professional investors call it a “correction.”

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AP Business Writers Yuri Kageyama, Matt Ott and Chan Ho-him contributed.