WASHINGTON — President Donald Trump said the United States does not want tolls imposed in the Strait of Hormuz, as tensions with Iran remained high and House Republican leaders delayed a planned vote on legislation aimed at limiting presidential military action against Iran.

Trump’s comment came as U.S. officials continued to focus on the strategic waterway, one of the world’s most important corridors for oil shipments and commercial shipping. The president’s remarks underscored the administration’s insistence that traffic through the strait should remain open and free of any Iranian-imposed charges or restrictions.

Secretary of State Marco Rubio also weighed in on the issue, saying any tolling system in the strait would be illegal. Rubio’s comments added to the administration’s public pressure campaign as it balanced diplomacy, military readiness and concerns about maritime security in the Persian Gulf region.

The debate comes amid renewed anxiety over shipping lanes and broader U.S.-Iran tensions. Maritime security agencies have warned vessels to remain cautious while transiting the area, and commercial traffic through the Strait of Hormuz has faced disruptions as regional tensions remained elevated.

The Strait of Hormuz is one of the most closely watched chokepoints in global energy trade. A significant share of the world’s crude oil passes through the narrow waterway, making even the threat of interference enough to move markets and alarm governments. Any move to impose tolls, restrictions or other barriers would likely raise concerns about fuel prices, shipping costs and supply security far beyond the Middle East.

The White House has not signaled support for any Iranian role in controlling commercial access to the strait. Trump’s comments were consistent with that posture, emphasizing opposition to tolls and stressing the need to keep the shipping lane open. The remarks were reported on May 22, 2026, as the administration continued to address both diplomatic and security concerns tied to Iran.

At the same time, House Republican leaders delayed a vote on a resolution that would have restricted Trump’s ability to engage in military action against Iran without additional congressional approval. The vote was pulled from the schedule as lawmakers continued internal discussions over the scope of executive authority and the timing of any action related to Iran.

ABC News reported that the resolution was withdrawn at the last minute, with attendance issues cited as a reason for the delay. The move reflected the political sensitivity surrounding Iran policy and the difficulty Republican leaders faced in balancing party unity, congressional oversight and the administration’s preferred flexibility in foreign affairs.

The resolution was intended to limit the president’s ability to carry out sustained military action without explicit congressional approval. Supporters of the measure have argued that Congress should play a direct role in any major escalation involving Iran. Opponents have said the White House needs room to respond quickly to threats and negotiate from a position of strength.

The delay in the House vote came as U.S. officials continued to describe the situation as fluid. Trump administration officials have tried to keep diplomatic channels open even as they maintain a hard line on Iran’s behavior in the region. Rubio said there had been some progress in talks, but also noted that more work remained to be done.

The comments and the vote delay add another layer to the broader policy debate in Washington. Lawmakers have increasingly focused on questions of military authority, the limits of executive power and the risk of widening conflict in the Middle East. Iran policy has again become a central issue as the administration confronts both regional instability and pressure from Congress.

Maritime officials have also been tracking the security environment closely. The UK Maritime Trade Operations agency previously described conditions in the Strait of Hormuz and the Persian Gulf as critically tense and warned of reduced traffic, reflecting the dangers facing commercial shipping in the region. Even without a formal blockade, heightened threats have forced shipping companies to adjust routes, schedules and risk assessments.

The administration’s message has been that the strait must remain open and that any Iranian attempt to control traffic through it would be unacceptable. Rubio’s remark that a tolling system would be illegal reflected that position in especially direct terms. The comments were part of a broader warning to Tehran not to interfere with commercial shipping or use the chokepoint as leverage in negotiations.

The U.S. military presence in the region remains a factor in the crisis. American forces continue to support maritime security and help deter threats to commercial vessels. Officials have not publicly detailed every incident or decision that has shaped the current shipping environment, but the regional posture indicates the United States is treating the issue as a serious security concern.

At the same time, the administration has tried to avoid saying diplomacy is over. Rubio said the president would prefer to reach a deal, while also making clear that the United States would not accept an Iranian tolling scheme in the strait. That balance — pressure backed by military readiness but still leaving room for negotiations — has defined the administration’s approach.

The political fight in Congress reflects that same uncertainty. Some lawmakers want stricter constraints on the president before any expanded military action, while others argue that such limits could weaken U.S. leverage at a moment when diplomacy is still unfolding. The postponed vote suggests that leaders are still searching for a consensus on how to proceed.

For now, the central facts remain the same: Trump wants toll-free access through the Strait of Hormuz, Rubio says any tolling plan would be illegal, and House Republican leaders have delayed a vote on an Iran war powers resolution. Together, those developments show how shipping security, congressional oversight and executive authority are colliding as the U.S. manages its latest confrontation with Iran.

The stakes are high because the Strait of Hormuz is not just a regional issue. It is a global energy and trade corridor whose stability affects shipping companies, oil producers, consumers and governments around the world. That is why even brief comments about tolls or restrictions can attract immediate attention in Washington and beyond.

As of now, the administration has kept its position focused on opposing tolls, defending freedom of navigation and preserving room for diplomacy. Congress, meanwhile, is still deciding how much room to give the president if the situation escalates further. The dispute is likely to continue as long as tensions remain high in the Gulf and the political fight over Iran policy remains unresolved.

SAN ANTONIO — The Oklahoma City Thunder held Victor Wembanyama to 26 points on 8-of-15 shooting in a 123-108 victory over the San Antonio Spurs in Game 3 of the 2026 Western Conference Finals on May 22 at Frost Bank Center.

The Thunder took a 2-1 series lead with the win. Wembanyama added four rebounds, three assists, one steal and two blocks in the loss. He scored 41 points and grabbed 24 rebounds in Game 1 and posted 21 points with 17 rebounds in Game 2.

Defensive Adjustments

Thunder coach Mark Daigneault utilized multiple defenders against the 7-foot-4 Wembanyama, including Isaiah Hartenstein, Chet Holmgren and wing players. Oklahoma City employed physical defense, contesting shots and limiting Wembanyama’s drives to the rim.

Wembanyama made six of 10 shots inside the arc. The Thunder built a wall between him and the basket, forcing more perimeter attempts. He did not score his first two-point basket until late in the third quarter.

The Thunder outscored the Spurs 97-77 after the first period. Oklahoma City’s bench produced a playoff record 76 points in the game.

Series Context

The Spurs won Game 1 in double overtime 122-115 in Oklahoma City behind Wembanyama’s 41-point, 24-rebound performance. The Thunder responded with a 122-113 home victory in Game 2, limiting Wembanyama to 21 points.

Shai Gilgeous-Alexander led the Thunder with 26 points and 12 assists in Game 3. Jared McCain scored a playoff career-high 24 points off the bench. Jaylin Williams added 18 points with five three-pointers.

For the Spurs, Devin Vassell scored 20 points. De’Aaron Fox added 15 points in his series debut after missing Game 2 with an ankle injury. Dylan Harper remained sidelined with an adductor injury.

Wembanyama’s Playoff Performance

Wembanyama has averaged strong numbers through the first three games of the series. He has recorded multiple double-doubles and continued to impact the game defensively with blocks and rim protection.

The Spurs have relied heavily on the 22-year-old Defensive Player of the Year candidate. San Antonio’s bench was outscored 76-23 in Game 3.

Coaching Comments

Daigneault emphasized depth and physicality after the Game 3 win. He noted the importance of the bench in overcoming the early 15-0 deficit.

Gilgeous-Alexander addressed the slow start, saying the team focused on competing possession by possession after the Spurs’ opening run.

Wembanyama expressed disappointment following the Game 3 loss but highlighted team effort. He has faced increased physical play throughout the series, with defenders grabbing and pushing to disrupt his positioning.

Broader Series Outlook

Game 4 is scheduled for Sunday, May 24, 2026, at Frost Bank Center. The series could return to Oklahoma City for Game 5 if necessary.

The Thunder have shown the ability to adjust defensively after Wembanyama’s dominant Game 1 performance. San Antonio has countered with strong starts but struggled to sustain output against Oklahoma City’s depth.

The matchup features two young cores. Oklahoma City, the defending champions, have utilized bench scoring and defensive versatility. The Spurs have leaned on Wembanyama’s versatility and contributions from players like Stephon Castle and Devin Vassell.

Historical Notes

Wembanyama’s scoring and rebounding totals through the first two games placed him among elite company historically. The Thunder’s strategy in Games 2 and 3 focused on making his touches more difficult and contesting shots at the rim.

Physical play has been a theme. Spurs players have noted instances of grabbing and jersey tugging, while Thunder defenders have emphasized legal physicality within playoff parameters.

Upcoming Factors

Player availability will remain key. The Spurs hope for returns or increased contributions from injured guards. The Thunder will monitor Jalen Williams’ hamstring status after he missed Game 3.

Both teams have young talent and future assets. The series has featured high-level basketball with clutch moments and defensive stands. Further adjustments are expected as the Western Conference Finals progresses.

WASHINGTON — President Donald Trump canceled plans to attend his son Donald Trump Jr.’s wedding and returned to the White House on Friday after a speech in New York as senior officials reviewed the status of negotiations with Iran and possible military options if diplomacy fails.

Trump posted on Truth Social: “While I very much wanted to be with my son, Don Jr., and the newest member of the Trump Family, his soon-to-be wife, Bettina, circumstances pertaining to Government, and my love for the United States of America, do not allow me to do so. I feel it is important for me to remain in Washington, D.C., at the White House during this important period of time. Congratulations to Don and Bettina!”

The White House altered Trump’s weekend schedule after a morning meeting with senior national security officials. The president had been scheduled to stay at his Bedminster golf club in New Jersey following the New York event.

National Security Meeting

Trump convened Vice President J.D. Vance, Defense Secretary Pete Hegseth, Central Intelligence Agency Director John Ratcliffe and White House chief of staff Susie Wiles at the White House on Friday morning. Secretary of State Marco Rubio was in Europe and Gen. Dan Caine, chairman of the Joint Chiefs of Staff, was attending the U.S. Naval Academy graduation ceremony.

The meeting reviewed the status of talks with Iran and possible scenarios if diplomacy collapsed. No final decision was made on next steps, according to reports.

Trump had been presented with options for restarting military action. Earlier in the week, he said he had been an hour away from ordering strikes before holding back at the request of Gulf nations.

Diplomatic Efforts

Delegations from Qatar and Pakistan traveled to Tehran on Friday in an effort to end the conflict. Iranian Foreign Ministry spokesperson Ismail Baghaei said there were still significant differences between the Iranian and U.S. positions and that an agreement would require more time and further negotiations.

Pakistan has served as the official mediator since fighting began, while Qatar has acted as a back channel between Washington and Tehran. Doha had previously distanced itself from mediation after coming under attack from Iranian missiles and drones.

A shaky ceasefire has been in place since U.S.-Israeli strikes on Iran began on Feb. 28. The situation has been complicated by a U.S. blockade of Iranian ports and Tehran’s effective closure of the Strait of Hormuz.

Strait of Hormuz Developments

President Trump stated the United States does not want tolls imposed in the Strait of Hormuz. Secretary of State Marco Rubio said any Iranian tolling system in the waterway would be considered “illegal.”

U.S. Central Command reported that American forces have redirected 97 commercial ships during the blockade of Iranian ports. The UK Maritime Trade Operations agency said threats in the Strait of Hormuz and Persian Gulf remained at a “critical” level and traffic through the strait was “significantly reduced.”

Regional Sanctions

Treasury Secretary Scott Bessent said the Iran-backed Hezbollah terrorist group in Lebanon “must be fully disarmed.” The Treasury’s Office of Foreign Assets Control imposed sanctions on nine individuals linked to Hezbollah, accusing them of obstructing Lebanon’s peace process.

Military Perspective

Retired U.S. Navy Cmdr. Kirk Lippold, former commanding officer of the USS Cole, said renewed American combat operations against Iran appear increasingly likely. Speaking on “America Reports,” Lippold stated it is now “a matter of not if, but when the United States is going to recommence combat operations.”

Lippold added, “The president has given the Iranians every opportunity to come to the right answer through diplomatic channels. Iran will not give up their nuclear program.”

He suggested the administration is using negotiations to allow the U.S. military time to “rearm, refuel, and be ready for combat operations.” Lippold advised against publicly declaring negotiations over to avoid giving Iran preparation time.

Congressional Action

House Republican leaders canceled a planned vote on a resolution that would have restricted Trump’s ability to engage in military action against Iran without congressional approval. The delay reflects ongoing discussions within the party.

Background on Tensions

The current conflict escalated with U.S.-Israeli strikes on Iran beginning Feb. 28. Negotiations have involved multiple international mediators but have faced significant obstacles regarding Iran’s nuclear program and regional security issues.

Iranian state media reported that current talks are not addressing Tehran’s nuclear program. A Qatari team remained in Tehran to support discussions.

The Strait of Hormuz handles a significant portion of global oil transport. Disruptions have raised concerns about energy prices and international shipping costs.

Trump Family Wedding

Donald Trump Jr. was scheduled to marry Bettina in a private ceremony. The wedding plans were adjusted due to the evolving international situation. Trump expressed congratulations to the couple in his Truth Social post.

The decision to remain in Washington underscores the administration’s focus on the Iran situation during a critical diplomatic window. Officials continue to monitor developments in the Persian Gulf region.

This article was written by

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NEW YORK — Microsoft Corp. shares closed at $418.57 on May 22, 2026, down 0.12% for the session on the Nasdaq. In after-hours trading, shares fell further to around $417.80.

The stock traded in a daily range between approximately $416.34 and $424.40. Volume was elevated as investors assessed recent AI-related developments and the company’s fiscal third-quarter performance.

Fiscal Q3 2026 Results

Microsoft reported fiscal third-quarter 2026 revenue of $82.9 billion, up 18% year-over-year. Operating income reached $38.4 billion, up 20%. GAAP diluted earnings per share were $4.27.

Microsoft Cloud revenue exceeded $54 billion, growing 29% year-over-year. The company’s AI business achieved an annual revenue run rate of more than $37 billion, up 123% year-over-year.

Azure and other cloud services showed strong demand. Commercial remaining performance obligation increased 99% to $627 billion.

Strategic AI Initiatives

Microsoft continued expanding its partnership with OpenAI and integrated AI capabilities across its product portfolio, including Microsoft 365 Copilot. The company added millions of paid Copilot users during the quarter.

Capital expenditures remained elevated to support AI infrastructure growth. Management projected continued double-digit revenue growth with particular emphasis on cloud and AI acceleration.

Analyst Views

Analysts maintained largely positive ratings. Wedbush reiterated an Outperform rating with a $575 price target in mid-May. Consensus price targets ranged from approximately $560 to higher levels, with several firms citing strong AI momentum.

The company’s forward dividend yield stood near 0.87% following the ex-dividend date of May 21, 2026.

Recent Developments

Microsoft engaged in new AI partnerships, including discussions with Anthropic for chip usage. The company hired game industry analyst Matthew Ball for its Xbox division.

Activision Blizzard shareholders reached a $250 million settlement related to Microsoft’s acquisition of the gaming company. The Gates Foundation sold its remaining Microsoft shares.

Financial Position

Microsoft maintained a strong balance sheet with consistent cash flow generation. The company continued share repurchases and dividend payments as part of its capital return program. Headcount declined slightly year-over-year amid efficiency initiatives.

Market Context

Microsoft operates in a competitive technology landscape with significant exposure to cloud computing and artificial intelligence. The company faces ongoing regulatory scrutiny in multiple jurisdictions related to market practices and AI development.

Shares have shown volatility in 2026 amid broader questions about returns on massive AI infrastructure investments. Despite strong earnings beats, the stock has underperformed some megacap peers year-to-date in certain periods.

Outlook Factors

Microsoft guided for continued growth in its Intelligent Cloud segment. Azure growth expectations for the fiscal fourth quarter were set between 39% and 40% at constant currency.

Next earnings are scheduled for late July 2026. Analysts will monitor AI monetization progress, margin trends and capital spending efficiency. The company continues investing heavily in data centers and AI talent.

Broader Industry Trends

Demand for cloud services and AI solutions has driven growth across major technology firms. Microsoft competes directly with Amazon Web Services and Google Cloud while maintaining leadership in enterprise productivity software.

The stock’s valuation reflects expectations for sustained AI-driven expansion. Microsoft’s market capitalization remains among the largest globally. Trading activity on May 22 reflected mixed sentiment amid sector rotation and macroeconomic factors.

NEW YORK — As the 2026 NBA playoffs continue, attention is shifting toward the upcoming free agency period, which features several high-profile names and a mix of veteran stars and younger talent.

Analysts have released early rankings of the top available players for the 2026 offseason. Here is a consensus top 10 based on recent evaluations from ESPN, Bleacher Report and other sources as of May 23, 2026.

1. LeBron James, Forward, Los Angeles Lakers

LeBron James, 41, heads into unrestricted free agency after another strong season with the Lakers. The four-time NBA champion and 22-year veteran averaged strong numbers and remains one of the league’s most impactful players. His decision will be among the most watched storylines of the summer.

2. Norman Powell, Guard, Miami Heat

Norman Powell had a breakout 2025-26 season and earned his first All-Star selection. The 32-year-old shooting guard provides scoring, defense and playoff experience. He is expected to command significant interest on the open market.

3. CJ McCollum, Guard, Atlanta Hawks

CJ McCollum, 34, remains one of the league’s most polished perimeter scorers. The veteran guard brings steady ball-handling, shot creation and leadership. He is viewed as a strong fit for contending teams seeking backcourt stability.

4. Coby White, Guard, Charlotte Hornets

Coby White has emerged as a dynamic young guard. His scoring ability and playmaking have drawn attention from multiple teams. White is among the more intriguing younger names in the class.

5. Ayo Dosunmu, Guard, Chicago Bulls

Ayo Dosunmu has shown consistent growth. The guard provides defense, athleticism and improving offensive skills. He is expected to be a target for teams looking for backcourt depth and upside.

6. James Harden, Guard, Cleveland Cavaliers

James Harden, 36, holds a player option but is widely expected to test free agency. The veteran point guard continues to produce at a high level as a scorer and playmaker. His experience makes him a sought-after addition for playoff contenders.

7. Austin Reaves, Guard, Los Angeles Lakers

Austin Reaves has a player option for 2026-27. The guard has developed into a reliable starter with strong shooting and playmaking skills. His future with the Lakers or on the open market is a major storyline.

8. Trae Young, Guard, Washington Wizards

Trae Young enters free agency with a player option. The 27-year-old point guard remains one of the league’s top offensive creators when healthy. His scoring and passing ability will attract significant interest.

9. Zach LaVine, Guard, Sacramento Kings

Zach LaVine is another high-profile name with a player option. The athletic scorer has shown flashes of his All-Star form. Health and consistency will factor into his market value.

10. Jalen Duren, Center, Detroit Pistons

Jalen Duren is eligible for restricted free agency. The young center has shown promise as a rebounder and rim protector. Teams will need to weigh his upside against offers that could trigger matching rights.

Additional Notable Names

Other prominent players expected to hit free agency or exercise options include Rui Hachimura, Tobias Harris, Khris Middleton, Kristaps Porzingis and John Collins. Several restricted free agents such as Walker Kessler and Tari Eason could also impact the market.

Free Agency Context

The 2026 free agency period officially begins in early July following the NBA Draft in June. Teams eliminated early from the playoffs have already begun internal planning. The class is considered relatively strong at the top but thinner in elite star power compared to some previous years.

LeBron James’ decision will influence several franchises. Teams with cap space or trade assets are preparing aggressive pursuits. Salary cap projections and luxury tax thresholds will shape offer sheets, particularly for mid-tier veterans.

Team Strategies

Contending teams are expected to target veteran additions for immediate impact. Rebuilding franchises may focus on younger restricted free agents or cost-controlled talent. Sign-and-trade possibilities could play a major role for players on expiring deals.

The Western Conference remains highly competitive, with the Oklahoma City Thunder and San Antonio Spurs currently in the Western Conference Finals. Eastern Conference teams such as the Boston Celtics and Cleveland Cavaliers are also monitoring the market closely.

Historical Precedent

Past free agency classes have seen major shifts in league balance. The 2026 class features a blend of aging stars like James and Harden alongside players in their prime such as Powell and Young. Contract values are expected to rise for proven contributors amid the league’s growing salary cap.

Analysts will update rankings as the playoffs conclude and more players officially enter free agency. Player options, team options and extensions will further shape the available pool.

Market Factors

Teams must balance short-term contention with long-term flexibility. The new collective bargaining agreement rules continue to influence spending decisions. Mid-level exceptions and veteran minimum deals will be key tools for roster building.