Today in News History

On July 8, several notable moments in the history of News stand out. In 1839, John D. Rockefeller, American businessman and philanthropist, founded the Standard Oil Company (died 1937) was born. In 1864, Ikedaya Incident: The Choshu Han shishi's planned Shinsengumi sabotage on Kyoto, Japan at Ikedaya. In 1908, Nelson Rockefeller, American businessman and politician, 41st Vice President of the United States (died 1979) was born. In 1932, The Dow Jones Industrial Average reaches its lowest level of the Great Depression, closing at 41.22. In 1937, Turkey, Iran, Iraq, and Afghanistan sign the Treaty of Saadabad. In 1942, Refik Saydam, Turkish physician and politician, 5th Prime Minister of Turkey (born 1881) passed away. In 1972, Israeli Mossad assassinate Palestinian writer Ghassan Kanafani. In 1980, Aeroflot Flight 4225 crashes near Almaty International Airport in the then Kazakh Soviet Socialist Republic (present day Kazakhstan) killing all 166 people on board. In 1982, A failed assassination attempt against Iraqi president Saddam Hussein results in the Dujail Massacre over the next several months. In 2014, Israel launches an offensive on Gaza amid rising tensions following the kidnapping and murder of three Israeli teenagers. Together, these milestones provide historical context for today's news news and ongoing narratives.

Oil prices jump 5 percent after U.S. revokes Iran oil sanctions waiver

The Hill

July 7, 2026

center

Oil prices jump 5 percent after U.S. revokes Iran oil sanctions waiver

Oil prices on Tuesday jumped over 5 percent after the U.S. revoked its waiver on Iranian oil sanctions following strikes on three commercial vessels near the Strait of Hormuz. International Brent crude oil jumped nearly 5.5 percent to more than 75 per barrel as of Tuesday evening. A U.S. official previously told The Hill that the memorandum of...

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