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Melania Trump says she ‘never had a relationship’ with Jeffrey Epstein – US politics live | US politics
Melania Trump denies any relationship with Jeffrey Epstein and Ghislaine Maxwell
First Lady Melania Trump told reporters on Thursday that she “never had a relationship” with the late sex offender Jeffrey Epstein and his accomplice Ghislaine Maxwell. In a televised statement, it was unclear which specific accusations the first lady was responding to exactly.
“I never been friends with Epstein,” she said in her public rebuke. “I am not Epstein’s victim. Epstein did not introduce me to Donald Trump.”
The first lady went on to say that she and the president were invited to the same parties as Epstein “from time to time” as “overlapping in social circles is common in New York City and Palm Beach”.
Key events
In her statement, the first lady elaborated that she only met Epstein for the first time in 2000, at a party she attended with her husband. At the time she was known as Melania Knauss. “I had never met Epstein and had no knowledge of his criminal undertakings,” she said. “Numerous fake images and statements about Epstein and me have been calculating on social media for years now. Be cautious about what you believe.”
As my colleague Robert Mackey reported earlier this year, a trove of files released by the justice department from the federal investigation into Epstein includes a friendly email that was apparently sent to Maxwell in late October 2002, signed “Love, Melania”.
Although the email addresses of both the sender and the recipient are redacted, a second copy of the same email text also appears in another document released on Friday, which includes a reply from “G. Max”.
The first email, sent on the evening of 23 October 2002, with the subject line “HI!” begins “Dear G!”. The sender says there is a “nice story about JE in NY mag” before asking the recipient about their travels and to call them when they’re back in New York.
In their reply, “G. Max” wrote that while they are already on their way back to the city they will not have time to see the sender, but they would “try and call”.
The email exchange was sent the week that New York magazine published a flattering profile of Jeffrey Epstein that included a photograph of Maxwell with Epstein. While the article was in the 28 October 2002 edition, new issues of the magazine are published one week prior to the cover date.
While the redactions in the documents mean that there is no proof that the exchange was with the future first lady, in her statement today, Trump appeared to reference these emails, although it is unclear if she was definitely referring to this batch of communication.
“My email reply to Maxwell cannot be characterized as anything more than casual correspondence,” the first lady said. “My polite reply to her email doesn’t amount to anything more than a trivial note.”
Maxwell had socialized with the future Melania Trump in Palm Beach prior to the email exchange. Just over two weeks later, on 11 November 2002, they were photographed together in New York, along with Donald Trump and Naomi Campbell, at a Dolce & Gabbana event.
Just over two months later, in January 2003, Maxwell would present Epstein with a bound volume of 50th birthday greetings from friends and associates, including a crude drawing and enigmatic message in the name of Donald Trump.
Melania Trump denies any relationship with Jeffrey Epstein and Ghislaine Maxwell
First Lady Melania Trump told reporters on Thursday that she “never had a relationship” with the late sex offender Jeffrey Epstein and his accomplice Ghislaine Maxwell. In a televised statement, it was unclear which specific accusations the first lady was responding to exactly.
“I never been friends with Epstein,” she said in her public rebuke. “I am not Epstein’s victim. Epstein did not introduce me to Donald Trump.”
The first lady went on to say that she and the president were invited to the same parties as Epstein “from time to time” as “overlapping in social circles is common in New York City and Palm Beach”.
On the Capitol steps today, Democratic congresswoman Madeleine Dean, who led the second impeachment effort of Donald Trump, said that trying to impeach the president again, while Democrats are in the minority in Congress, was not “the best use of our time”.
“Let us get into the majority, let us get a Senate majority and then hold this president to account,” she said.
Trump confirms he asked Netanyahu to be ‘more low-key’ on Lebanon
Lucy Campbell
In that interview with NBC News, Donald Trump also confirmed that he asked Benjamin Netanyahu to be “more low-key” in Lebanon as the US seeks to negotiate with Iran to bring the war to an end.
“I spoke with Bibi and he’s going to low-key it. I just think we have to be sort of a little more low-key,” Trump said, adding that he believed Israel was “scaling back” its operations in Lebanon (again, there’s been no evidence of that yet).
Earlier, I brought you CNN’s report that the US president had made the request to the Israeli prime minister. NBC News heard the same, reporting that Trump asked Netanyahu to pull back on the strikes to help ensure the success of the upcoming negotiations in Islamabad.
Trump ‘optimistic’ about Iran peace deal even as ceasefire appears strained – report
Lucy Campbell
Donald Trump has told NBC News that he is “very optimistic” a peace deal with Iran was within reach as a diplomatic delegation led by his vice-president JD Vance prepared to head to Pakistan for high-stakes talks aimed at ending the war this weekend.
Iran’s leaders “talk much differently when you’re at a meeting than they do to the press. They’re much more reasonable,” the US president said, in line with his administration’s narrative that there’s a disconnect between what Tehran says publicly and privately.
Trump went on:
They’re agreeing to all the things that they have to agree to. Remember, they’ve been conquered. They have no military.
If they don’t make a deal, it’s going to be very painful.
Democrats show confidence for full vote on war powers resolution
After Republicans blocked Democrats passing a war powers resolution via unanimous consent earlier today, many Democratic representatives spoke to reporters on the steps of the US Capitol.
They appeared confident that when Congress returns next week, they will have at least a couple of House GOP members who are willing to buck their party and pass the resolution.
Given that the Republicans have a slim majority in the lower chamber, Democrats will only need fewer than a handful of lawmakers to join them.
Congresswoman Sara Jacobs, who sits on the House armed services and foreign affairs committees, said that she has yet to see an official temporary ceasefire proposal from the administration. This comes after the White House has offered conflicting messages about the terms of a 10 or 15-point agreement with Iran.
“That is part of why we are asking Speaker Johnson to call us back into session so that we can have those briefings and get a sense of what has actually been agreed to, what is really going on, what does this ceasefire really look like, and what is the plan and strategy ahead to get to a real durable end to this war, not just in Iran, but in the broader region,” Jacobs told reporters today.
Further to that last post, CNN hears that Benjamin Netanyahu’s decision to seek direct negotiations with Lebanon came at Donald Trump’s request.
During a conversation Wednesday, Trump asked the Israeli prime minister to scale back attacks on Lebanon and enter negotiations with the Lebanese government about disarming Hezbollah, sources familiar with the matter told CNN.
It is unclear if Netanyahu agreed to scale back strikes in Lebanon. An Israeli official reiterated to CNN that there is “no ceasefire at the moment,” adding that “talks will be held under fire” (though that is contrary to what the Lebanese government is seeking, which is ceasefire before talks).
Vice-president JD Vance said yesterday that “the Israelis have actually offered to check themselves a little bit in Lebanon”, but there’s been no evidence of that.
Israeli ambassador to the US Yechiel Leiter will represent Israel in forthcoming negotiations with Lebanon, an Israeli official and a source familiar with the matter told CNN.
The first meeting between Israel and Lebanon will take place in Washington at the US state department, according to an Axios reporter on X.
Reuters reports that Lebanon has spent the last 24 hours advocating for a temporary ceasefire to allow for broader talks with Israel, as the IDF ordered people to flee their homes in southern Beirut on Thursday as it warned of more strikes that have already devastated the Lebanese capital.
A senior Lebanese official told Reuters no date had been set yet but Lebanon needed the US as a mediator and guarantor of any agreement. They said the ceasefire would be a “separate track but the same model” as the fragile truce brokered by Pakistan between the US and Iran (which Islamabad and Tehran said included Lebanon, but Washington and Tel Aviv said it didn’t).
Israel’s prime minister Benjamin Netanyahu announced earlier that he had instructed the start of direct negotiations with Lebanon “as soon as possible”. Lebanon wants a ceasefire before starting any negotiations, a Lebanese government official told AFP.
Israel has provoked international condemnation after it launched its most intense assault on Lebanon of the war so far on Wednesday, killing at least 254 people in airstrikes across the country and injuring 1,165, and jeopardizing the fragile US-Iran ceasefire.
House Democrats fail to pass war powers resolution by unanimous consent
The push from House Democrats to pass a war powers resolution by unanimous consent failed today after the pro forma speaker, Republican Chris Smith, did not recognize Democrats.
It was always a tall order, given that pushback from even a single member would require Democrats to pursue a formal vote on the resolution.
While it’s largely a symbolic move, top Democrats in both chambers have vowed to hold votes again when Congress returns from recess next week.
At a Q&A following his address the Ronald Reagan Institute Washington, Nato secretary general Mark Rutte said that he “sensed” Donald Trump’s disappointment during his meeting with the president on Wednesday.
“I explained to him yesterday the overwhelming majority of Europeans have done what US asked of them, and what was previously agreed in these circumstances,” Rutte said. “And yes, sometimes it takes a bit of time.”
He reiterated that Nato exists to protect European partners but also the US, and understood Trump’s disappointment “to a certain extent” during their conversation, which he described as “open and candid”.
Marjorie Taylor Greene pledges to bridge divide and ‘sketch something new’ with progressive Ro Khanna
Former congresswoman, and longtime Trump ally, Marjorie Taylor Greene said that she would be willing to “go to the whiteboard, and begin to try to sketch something new” with Democratic representative Ro Khanna.
The pair have struck an unlikely alliance after Greene broke with the president last year and supported the bipartisan push to release the justice department’s files on Jeffrey Epstein. She has also become an outspoken critic of the ongoing war in Iran since she left Congress earlier this year, and Khanna praised her rebuke of Trump’s threats that a “whole civilization will die” on social media this week.
“We both know the powerful political industrial complex of the Democrat and Republican parties will do anything to stop a right/left true America First coalition supported by ordinary Americans,” Greene said today, while reposting a video from Khanna. “This is likely the only way to break free of the corrupt system from both sides that controls everything, constantly goes to war, and only enriches themselves while average Americans continue to lose.”
On Wednesday, Trump renewed his feud with Greene. “Marjorie ‘Traitor’ Brown’s (GREEN TURNS TO BROWN UNDER STRESS!) seat in Congress has been taken over by a wonderful and talented man, Clay Fuller, who won convincingly,” Trump wrote after Fuller won a special election to retain Greene’s seat for the Republicans in a conservative district of Georgia.
Joseph Gedeon
In a letter to colleagues on Wednesday, Hakeem Jeffries, the House minority leader, expressed significant doubt in the ceasefire.
“A two-week ceasefire is woefully insufficient,” Jeffries said. “Accordingly, we have demanded that the House come back into session immediately in order to vote on our resolution to permanently end the war in the Middle East.”
The House is on a two-week recess and will not return for formal votes until 14 April.
Republican crossover support for a war powers resolution remains elusive. Representative Nancy Mace, who floated supporting Democrats last month, is now considered unlikely by members of both parties to break ranks.
Representative Don Bacon, a Republican and retired one-star general who backed a war powers measure limiting Trump’s Venezuela policy earlier this year, told Politico he would “listen” before adding: “I want us to defeat Iran. They have murdered Americans for 47 years.”
Meanwhile, Democrat Chuck Schumer, the Senate minority leader, said Wednesday that the Senate would vote on an Iran war powers resolution when they return to Washington next week.
UK News
European stock markets hit record high and oil price falls to three-month low after US-Iran peace deal – business live | Business
European stock markets hit record high
European stock markets have hit a record high at the start of trading, as relief over the US-Iran peace deal ripples across global markets.
The pan-European Stoxx 600 index has jumped by 0.9% to 639 points, over the previous record high set just before the Iran war started, with shares rising in London, Frankfurt, Paris, Madrid and Milan.
Mining and travel companies are driving the rally, while oil company shares are sliding.
That follows sharp gains in Asia-Pacific markets overnight, where Japan’s Nikkei surged by 5% on hopes that the strait of Hormuz will reopen within days.
Matt Britzman, senior equity analyst at Hargreaves Lansdown, says global equity markets are starting the week firmly on the front foot after President Trump announced that a deal with Iran had been reached, adding:
The move has given investors a clear reason to dial back some of the geopolitical risk premium that has hung over markets, especially as the Strait of Hormuz is expected to reopen and oil prices move sharply lower.
Energy prices have been one of the clearest transmission channels from Middle East tensions into inflation, bond yields and equity sentiment, and there is likely to be a concerted effort to get prices down even further once this deal is finalised.
There are still details to be ironed out before markets can fully trust the agreement, but for now the direction of travel is clear: lower oil, calmer nerves and a renewed appetite for risk.
Key events
Peace deal should keep mortgage rates down
Mortgage borrowers can breathe a sigh of relief at the news of a peace deal in Iran, says Adam French, head of consumer finance at Moneyfactscompare.co.uk.
While we are far from being out of the woods yet, a lasting peace deal should dramatically reduce the risk of the Bank of England’s worst-case scenario for inflation and interest rates becoming a reality.
“Under that scenario, Base Rate could have risen to 5.25%, potentially pushing typical rates on new mortgages towards 6.75%. Instead, today’s news means mortgages rates, which have already been slowly falling for several weeks, have likely already passed their peak – at least until the next unwelcome crisis.
“Borrowers can be optimistic but with a word of caution, as inflation and economic data will continue to influence the outlook. However, a lasting peace should remove one of the biggest risks to mortgage costs and may help restore a more stable environment for hard-pressed remortgage borrowers and prospective buyers.”
Even before this morning’s drop in UK bond yields (see earlier post), average mortgage rates have dipped slightly.
Moneyfacts reports:
-
The average 2-year fixed residential mortgage rate today is 5.61%. This is down from 5.62% the previous working day.
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The average 5-year fixed residential mortgage rate today is 5.58%. This is down from 5.59% the previous working day.
Why it may take months for oil flows to return to normal
Donald Trump excitedly declared: “Ships of the World, start your engines. Let the oil flow!” last night, but the reality is that it will take some time for oil flows through the strait of Hormuz to return to pre-war levels.
One reason is that many oil tankers are simply in the wrong place, after the long closure of the strait.
Another is that some production and refining facilities have been damaged by the conflict, while others were mothballed after storate facilities filled up to the brim.
A third factor is that insurers could still be wary of the conflict reigniting, and price their cover accordingly.
Neil Shearing, group chief economist at Capital Economics, explains:
Even if ships now have safe passage, tankers are in the wrong place, oil production/refining facilities need to get up to full capacity, and questions over the cost and availability of insurance for ships traversing the Strait will remain.
Our current working assumption is that ~80% of energy flows will resume by the end of Q3. Natural gas flows will be slower to return, following the damage to Qatari facilities earlier in the conflict, which according to local officials has put 17% of production offline for two to three years.
US crude drops below $80
US crude oil has dropped to its lowest level since the second week of the Iran war.
The cost of a barrel of West Texas Intermediate (WTI) light sweet crude has dropped by 6% today to $79.72 per barrel, the first time since 10 March that it has been under $80/barrel.
That could help to pull down US gasoline prices, which climbed after the conflict began, hitting consumer confidence.
UK bond yields fall
Today’s relief rally is also driving up government bond prices, pushing down the cost of borrowing.
The yield (or interest rate) on 10-year UK government debt has dropped by 6.5 basis points (0.065 of a percentage point) to 4.775%.
Two-year bond yields are down 8bps to 4.16%.
Lower bond yields indicate that that the cost of issuing new government debt has fallen, which will be a relief for the UK Treasury after the Iran war drove up borrowing costs.
Copper mining company Antofagasta is now the top riser on the FTSE 100, up almost 8%.
Trader will be concluding that an end to the Iran war will boost the world economy, leading to more demand for raw materials such as copper.
European stock markets hit record high
European stock markets have hit a record high at the start of trading, as relief over the US-Iran peace deal ripples across global markets.
The pan-European Stoxx 600 index has jumped by 0.9% to 639 points, over the previous record high set just before the Iran war started, with shares rising in London, Frankfurt, Paris, Madrid and Milan.
Mining and travel companies are driving the rally, while oil company shares are sliding.
That follows sharp gains in Asia-Pacific markets overnight, where Japan’s Nikkei surged by 5% on hopes that the strait of Hormuz will reopen within days.
Matt Britzman, senior equity analyst at Hargreaves Lansdown, says global equity markets are starting the week firmly on the front foot after President Trump announced that a deal with Iran had been reached, adding:
The move has given investors a clear reason to dial back some of the geopolitical risk premium that has hung over markets, especially as the Strait of Hormuz is expected to reopen and oil prices move sharply lower.
Energy prices have been one of the clearest transmission channels from Middle East tensions into inflation, bond yields and equity sentiment, and there is likely to be a concerted effort to get prices down even further once this deal is finalised.
There are still details to be ironed out before markets can fully trust the agreement, but for now the direction of travel is clear: lower oil, calmer nerves and a renewed appetite for risk.
BP and Shell’s shares slide
Shares in oil companies are falling, though – BP and Shell are both down 3.7%, as investors anticipate an end to their earnngs boost from the Iran war.
FTSE 100 index hits eight-week high
Boom! Britain’s stock market has hit a near-two month high at the start of trading, as investors welcome the breakthrough between the US and Iran to end the Middle East conflict.
The FTSE 100 blue-chip share index has jumped by 99 points, or almost 1%, at the start of trading to 10,570 points, its highest level since 21 April.
Engineering firm Rolls-Royce, which makes and services jet engines, is the top riser on the FTSE 100, up 5.5%, followed by British Airways parent company IAG, up 4.8%.
UK house prices dip in June
Gwyn Topham
Two bits of good news for Britons who don’t own their homes have been revealed, with data showing a drop in house prices in June as well as fewer tenants facing rent hikes last month.
Figures from Rightmove showed the average price of property coming on the to market fell by 0.6% or £2,113 to £376,191, the biggest June fall in fourteen years, with prices 0.5% below this time in 2025. The biggest drops were seen in southern England and Wales, and in asking prices for flats rather than houses.
The property site said the number of homes for sale was still at historically high levels for summer, making it more of a buyer’s market. Mortgage affordability has also improved slightly this month, with the average two-year fixed rate deal dropping about 0.1 percentage points to 5.07%, it said.
Meanwhile, figures suggest that the introduction of the Renters Right Act may already be seeing results in terms of keeping rents down for tenants.
The new law came into force at the start of May and means landlords can only increase rents for sitting tenants once a year. According to Hamptons monthly lettings index, the number of tenants who saw their rent rise was down 23% from the same month last year. Hamptons said if the rest of the year saw similar change, it would expect only 31% of sitting tenants to face increases, compared to 40%-50% in previous years.
However, the agency warned that rent rises in Scotland, where landlords have been operating under a similar system for longer, exceeded the national average. Sitting tenants who faced rent rises had an average increase of 5.4% in May, but the figure reached 7.7% in Scotland, albeit for a lower absolute rent – £952 – than the Great Britain average of £1375.
Speaking of the ECB, their president Christine Lagarde has been warning that inflation pressures are spreading in the euro area.
In an intervew with broadcaster France Culture, Lagarde warned that high energy prices are starting to feed through to other parts of the economy, saying:
“Indirect effects of inflation, we have absolutely started to see that more or less everywhere in recent weeks.”
The US-Iran agreement is well-timed for the Bank of England, which is due to set UK interest rates on Thursday.
If the strait of Hormuz does reopen, and oil flows return towards pre-war levels, there will be less inflationary pressure – and thus less need for interest rate rises.
The European Central Bank raised its interest rates last week, but this week is the turn of the BoE, the US Federal Reserve and the Bank of Japan.
Kathleen Brooks, research director at XTB, says:
Over the past month, the price of oil is down by more than a fifth, and the Brent crude price is now back at levels from early March. This is good news for inflation, which should start tumbling monthly from June, and it could ease concerns about price pressures as we lead up to some major central bank action this week. The decline in the oil price also raises questions about whether the ECB was too hasty in raising rates last week.
European stock markets are on track to jump when trading begins, in just over 20 minutes.
Germany’s DAX share index is up 1.65% in the futures market, Reuters reports, with the UK’s FTSE 100 0.75% higher.
The US dollar is weakening, as investors shift into riskier currencies.
The pound is its highest in over a week, at $1.3438.
Markets rally across Asia
There are strong gains across Asia-Pacific markets today, as investors welcome the deal between the US and Iran.
Japan’s Nikkei share index has leapt by 5%, as has South Korea’s KOSPI, while China’s CSI300 index is 1.9% higher.
Jim Reid, market strategist at Deutsche Bank, says:
Whilst the deal is very good news for markets it looks like tough conversations will have occur in the 60-day window to ensure the peace is sustainable. As an example, the Senate needs to approve any extensive sanction relief for Iran.
For now the can kicking exercise has been very well received by markets even after a strong US close on Friday where hopes were raised of a weekend signing
Introduction: Oil falls to three-month low
Good morning, and welcome to our rolling coverage of business, the financial markets, and the world economy.
The peace deal agreed between Iran and the US is sending a wave of relief through the markets today.
Oil has tumbled 4%, and markets across the Asia-Pacific region have jumped, as investors anticipate the reopening of the strait of Hormuz.
Although it is unclear exactly what has been agreed – with the final text of their memorandum of understanding unpublished – Donald Trump’s claim that “oil will flow on both ends again for the region, and the world” is pushing down energy prices – a relief for busineses, consumers, politicians and central bankers alike.
Brent crude has fallen as low as $83.04, its lowest since 10 March, after the prime minister of Pakistan announced the US and Iran will sign a memorandum of understanding in Switzerland on Friday.
That still leaves Brent above its pre-war price of $72.48 a barrel, though.
Trump has indicated that the opening of the strait is contingent upon the signing of the peace deal, scheduled for Friday.
Iran’s Mehr state news, though, reported that the agreed memorandum of understanding calls for the reopening of the strait within 30 days under “Iranian arrangements” – an indication that Tehran hasn’t surrendered its control of the waterway.
Chris Weston of IG points out that there are still obstacles to overcome:
The probable reopening of the Strait of Hormuz later this week would represent a significant positive development. Markets had increasingly questioned how long inventory draws could offset supply disruptions and whether physical dislocations would begin weighing more heavily on risk assets. The focus now shifts towards understanding what normalisation of logistics could realistically look like, and how quickly shipping volumes can return to pre-conflict levels of 120 to 140 commercial vessels transiting eastbound and westbound each day.
There are still obstacles to overcome. Mines may need to be cleared, and there may be structural damage to refineries and export facilities around the region that will take time to repair and come back to pre-conflict capacity.
The agenda
Paying tribute, Sir Keir Starmer said Lord Hattersley “was a giant of the Labour movement”.
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My partner and I paid £2,150 for a week’s all-inclusive break in Marrakech with easyJet Holidays.
We chose the Jaal Riad Resort Hotel because of its pool and spa. When we arrived, we were told that use of the heated pool cost £24 a person an hour, the Jacuzzi £24 for 20 minutes, and the hammam was £16 for 20 minutes.
Nowhere were these extra fees listed when booking. EasyJet Holidays rejected my complaint and referred me to a line buried at the bottom of the list of facilities that said charges may apply. We were planning on using the pool regularly but could not afford it. If we had known, we would have booked elsewhere.
DP, Cambridgeshire
Hidden charges can hugely inflate the cost of holidays. Resort fees are the most pernicious – some hotels charge up to £50 a person a day for facilities whether or not they are used.
Then there’s the daily tourist tax levied via the accommodation provider during the stay in some countries, and ancillary fees for upgraded wifi for sun loungers.
EasyJet Holidays makes a big deal of the pool – it’s a prominent photo on the webpage for the hotel.
No asterisk refers potential bookers to the crucial caveat that a couple, wishing to avail themselves once a day during a week’s stay, would have to pay almost £350 extra.
Even the eagle-eyed who alighted on the paragraph of small print at the bottom of the page, would be none the wiser.
Only after declaring that the facilities are subject to height and weight restrictions, seasonal availability, opening times, and age and dress code, does it mention that they “may” attract additional charges. These are not listed.
This is potentially unlawful, according to consumer lawyer Gary Rycroft.
“The facilities were prominently marketed as part of the holiday experience, and extra charges were not clearly disclosed before purchase,” he says. “Under the Digital Markets, Competition and Consumers (DMCC) Act 2024, businesses must not omit material information that would influence a consumer’s decision about whether to enter into a contract.”
EasyJet is defensive. “We always strive to make it clear that use of hotel facilities may incur additional charges,” it told me.
The company said then that it was reviewing the description to “further highlight that the use of the spa facilities is chargeable”, although, at the time of writing, three weeks later, the webpage remained unchanged. It has also now offered a £500 goodwill payment.
As the holiday season begins, you need to read the small print to avoid nasty surprises.
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European stock markets hit record high and oil price falls to three-month low after US-Iran peace deal – business live | Business
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