Today in News History

On June 16, several notable moments in the history of News stand out. In 1487, John de la Pole, 1st Earl of Lincoln (born c. 1463) passed away. In 1632, The Plymouth Company granted a land patent to Thomas Purchase, the first settler of Pejepscot, Maine, settling at the site of Fort Andross. In 1738, Mary Katherine Goddard, American publisher (died 1816) was born. In 1849, Wilhelm Martin Leberecht de Wette, German theologian and scholar (born 1780) passed away. In 1884, The first purpose-built roller coaster, LaMarcus Adna Thompson's "Switchback Railway", opens in New York's Coney Island amusement park. In 1902, George Gaylord Simpson, American paleontologist and author (died 1984) was born. In 1966, Phil Vischer, American voice actor, director, producer, and screenwriter, co-created VeggieTales was born. In 1981, US President Ronald Reagan awards the Congressional Gold Medal to Ken Taylor, Canada's former ambassador to Iran, for helping six Americans escape from Iran during the hostage crisis of 1979-81; he is the first foreign citizen bestowed the honor. In 2013, A multi-day cloudburst, centered on the North Indian state of Uttarakhand, causes devastating floods and landslides, becoming the country's worst natural disaster since the 2004 tsunami. In 2016, Shanghai Disneyland Park, the first Disney Park in Mainland China, opens to the public. Together, these milestones provide historical context for today's news news and ongoing narratives.

Oil Falls Below $80 For First Time in More Than Three Months

Bloomberg

June 16, 2026

lean left

Oil Falls Below $80 For First Time in More Than Three Months

Brent oil fell below 80 a barrel for the first time in more than three months as the US-Iran deal to reopen the Strait of Hormuz boosted expectations for a revival in supply, with leading Wall Street banks reducing their price forecasts and regional benchmarks collapsing. Gasoline prices are also falling. Bloomberg Mike McGlone joins to discuss. (Source: Bloomberg)

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