12 May 2026 General Brief
In domestic news, read about Trump’s attempts to reduce gas prices amid high diapproval ratings for the Iran war, and how the U.S. housing market and mortgage rates are actively being affected. In international news, read about historic election changes altering historical British politics, reasons for the UAE’s leaving of the OPEC, and updates on what is supported by scientists as the sixth mass extinction primarily caused by human activity and industrialization.
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The World’s Sixth Mass Extinction
This specific sixth mass extinction is caused by anthropogenic sources instead of natural cycles or events. Scientists estimate that the world is currently experiencing approximately 50,000 species extinctions annually.
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Why Did the UAE Leave OPEC?
On April 28, the UAE announced that it would be leaving OPEC after 59 years in the group. OPEC will be left weakened, losing 15% of its oil exporting capacity and the world’s 8th largest oil producer.
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Reform UK’s Historic Election Surge Reshapes British Politics
On May 7, the United Kingdom held local elections across 136 English councils. The results were devastating for the two parties that have dominated British politics for over a century.
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Iran’s War Shakes the U.S. Housing Market
For the second week in a row, borrowing costs for American homebuyers have climbed, and experts say relief is not coming anytime soon. The average rate on a 30-year fixed mortgage climbed to 6.37% this week.
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Trump Puts His Foot on the Gas Prices
6 in 10 Americans disapprove of Trump’s military action due to issues ranging from spending to gas prices. Having failed to sustain any agreement to open the Strait, Trump has looked domestically to lower gas prices.