The Scapegoat Scam

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Data: Financial Modeling Prep; Chart: Ben Geman/Axios Oil prices dropped over 10% Friday after President Trump and Iran's foreign minister claimed the Strait of Hormuz — the world's most critical energy shipping lane — is open for transit. Why it matters: The steep selloff signals traders see a real sign that the unprecedented throttling of oil and petroleum product flows could significantly ease. The drop also follows signs of continued progress in ceasefire negotiations. Driving the news: "I

Video shared online showed a large police presence at the scene late on Thursday.

Paul Quinn, 52, is found guilty of the rape for which Andrew Malkinson was jailed for 17 years.