Wall Street

goes higher

NEW YORK (AP) — Oil prices dropped back to where they were in the early days of the Iran war, and U.S. stocks raced to another record.

The S&P 500 leaped 1.2% Friday after Iran said the Strait of Hormuz is open again for commercial tankers carrying crude. The Dow Jones Industrial Average leaped as many as 1,100 points before paring its gain and ended with a jump of nearly 870 points, or 1.8%, while the Nasdaq composite climbed 1.5%.

A freer flow of oil could take pressure off prices not only for gasoline but also for groceries and all kinds of other products. Oil prices fell 9%.

Court sides

with companies

WASHINGTON (AP) — The Supreme Court is handing a win to oil and gas companies fighting lawsuits over coastal land loss and environmental degradation in Louisiana.

The unanimous procedural decision gives the companies a new day in federal court after a state jury ordered Chevron to pay upward of $740 million to clean up damage to the state’s coastline, one of multiple similar lawsuits. The companies were backed by the Trump administration and argued that the case belongs in federal court because they began oil production and refining during World War II as U.S. contractors.

Louisiana’s coastal parishes have lost more than 2,000 square miles of land over the past century.

Attorneys seek

to ban cameras

PROVO, Utah (AP) — Defense witnesses in the prosecution of the man accused of killing Charlie Kirk say conjecture about the case is making it impossible to have a fair trial. The testimony came as attorneys for Tyler Robinson on Friday urged a Utah a judge to ban cameras from the courtroom.

Media organizations, prosecutors and Kirk’s widow want cameras allowed and say they promote transparency. Prosecutors intend to seek the death penalty for Robinson if he is convicted in the Sept. 10 shooting of Kirk. The conservative activist had been addressing a crowd of thousands on the Utah Valley University campus in Orem.

D4vd arrested

in killing

LOS ANGELES (AP) — Seven months after a 14-year-old girl’s body was found in D4vd’s towed SUV, authorities say the alt-pop singer has been arrested on suspicion of killing her. Los Angeles police say detectives arrested the 21-year-old, whose legal name is David Burke, on Thursday on suspicion of murder in the investigation of the killing of Celeste Rivas Hernandez.

Authorities had not publicly named Burke as a suspect until his arrest. Investigators are expected to present a case to prosecutors on Monday, police said. Burke’s lawyers have declared his innocence.