AP News in Brief at 6:04 p.m. EDT

The White House said any further talks would likely take place in the Pakistani capital of Islamabad, though no decision had been made on whether to resume negotiations.

The U.S. naval blockade of Iranian ports continued for a third day. And a top official in U.S. President Donald Trump's administration warned of new economic sanctions on countries doing business with Iran, saying the Islamic Republic would feel the “financial equivalent” of a bombing campaign.

Pakistan has emerged as a key mediator in the conflict after it hosted rare direct talks between the U.S. and Iran in Islamabad, a move authorities said helped narrow differences between the two sides. Mediators are seeking a new round before a ceasefire is set to expire next week.

The Pakistani military said the delegation sent to Iran also included the country’s interior minister and other senior security officials. The group is “part of the ongoing mediation efforts,” the military said, but it gave no details.

How a US blockade on Iran has sanctioned ships turning around

FRANKFURT, Germany (AP) — The U.S. Navy's sea blockade against Iran appears to be working.

Iran-linked or sanctioned vessels that have left the Persian Gulf through the Strait of Hormuz have stopped or turned around, shipping data firms say. They appear to have jammed or faked their locations in some instances, complicating an uncertain and risky shipping situation.

The blockade that started Monday “has been fully implemented,” said Adm. Brad Cooper, head of U.S. Central Command. “U.S. forces have completely halted economic trade going in and out of Iran by sea.”

The action could put serious pressure on the Iranian economy, while Tehran's earlier cutoff of the waterway crucial to oil and gas supplies has sent energy prices higher during the war with the U.S. and Israel.

Here are key things to know about the blockade and the situation at the Strait of Hormuz:

Senate Republicans reject effort to halt Iran war, but some eye future war powers votes

WASHINGTON (AP) — The Republican-led Senate on Wednesday rejected the latest Democratic attempt to halt President Donald Trump’s war in Iran, turning aside a resolution that would require the U.S. to withdraw forces from the conflict until Congress authorizes further action.

The 47-52 vote was the fourth time this year that the Senate has voted to cede its war powers to the president in a conflict that Democrats say is illegal and unjustified. Republicans say they will keep faith in Trump’s wartime leadership, for now, citing Iran’s nuclear capabilities, the potential for ongoing talks and the high stakes of withdrawal.

Still, GOP lawmakers are anxious for the conflict to end, and some are eyeing future votes that could become an important test for the president if the war drags on. And the outcome of a war powers vote in the House, expected this week, is uncertain.

Under the War Powers Act of 1973, Congress must declare war or authorize use of force within 60 days of its start — a deadline that will arrive at the end of this month. The law provides for a potential 30-day extension of that deadline, but lawmakers have made clear that they want the administration to soon lay out a plan for the end of the conflict.

After the 60-day or 90-day deadline, “it’s time to fish or cut bait,” said Republican Sen. Thom Tillis of North Carolina. “I think that the administration would be wise to put together what would look like a well-founded authorization of military force and a funding strategy."

Wall Street hits a record as S&P 500 continues its 2-week rally on hopes for an end to the Iran war

NEW YORK (AP) — The U.S. stock market hit a record Wednesday after adding to its two-week rally built on hopes the war with Iran won’t create a worst-case scenario for the global economy. Whether Wall Street is correct to have so much hope for peace and whether stocks should be the highest they’ve ever been remains to be seen.

The S&P 500 rose 0.8% and eclipsed its prior all-time high set in January. After falling nearly 10% below its record in late March, a drop steep enough that Wall Street calls it a “correction,” the index at the heart of many 401(k) accounts has since roared more than 10% higher.

Much of the rally has been due to expectations for calming tensions in the war and a resumption of the full flow of oil from the Persian Gulf to customers worldwide. Hopes remained high Wednesday as regional officials told The Associated Press that the United States and Iran had an “in principle agreement” to extend a ceasefire to allow for more diplomacy.

To be sure, stocks could easily get back to falling if those expectations get undercut, which has happened before in the war. Oil prices drifted up and down Wednesday and showed that caution remains in financial markets. Stock indexes around the world also made only modest movements following their big gains in recent weeks.

The price for a barrel of Brent crude, the international standard, added 0.1% to settle at $94.93. That’s still well above its roughly $70 price from before the war, though it’s down from its $119 peak when worries about the fighting have been at their heights.

Jury finds that Ticketmaster and Live Nation had an anticompetitive monopoly over big concert venues

NEW YORK (AP) — A jury has found that concert giant Live Nation and its Ticketmaster subsidiary had a harmful monopoly over big concert venues, dealing the company a loss in a lawsuit over claims brought by dozens of U.S. states and the District of Columbia.

A Manhattan federal jury deliberated for four days before reaching its decision Wednesday in the closely watched case, which gave fans the equivalent of a backstage pass to a business that dominates live entertainment in the U.S. and beyond.

“It's a great day for antitrust law,” a jubilant attorney, Jeffrey Kessler, said as he emerged from the courthouse.

Earlier, the judge told lawyers on both sides to meet with one another “and the United States” to provide a joint letter proposing a schedule for motions and how the remedies phase of the case would occur. He told them to deliver it by late next week.

The trial brought Live Nation CEO Michael Rapino to the witness stand, where he was questioned about matters including the company’s Taylor Swift ticket debacle in 2022. Rapino blamed a cyberattack.

Prosecutors sought access to Federal Reserve building as Trump threatens to fire Powell

WASHINGTON (AP) — Federal prosecutors made an unannounced visit this week to a construction site at Federal Reserve headquarters that is the focus of an investigation into a $2.5 billion renovation project, according to two people familiar with the visit.

Two prosecutors and an investigator from U.S. Attorney Jeanine Pirro’s office were turned away on Tuesday by a building contractor and referred to Fed attorneys, one of the people said. The two people familiar with the visit spoke on condition of anonymity because they weren’t authorized to publicly discuss an ongoing investigation.

The visit underscores that the Trump administration is not backing down from its investigation of the Fed and its chair, Jerome Powell, even though the probe has delayed the confirmation of a new chair nominated by President Donald Trump. The investigation is focused on cost overruns and brief testimony about the project last summer by Powell. Trump confirmed in an interview that aired Wednesday on Fox Business that he wants to continue the probe.

Last month, during a closed-door hearing before a federal judge, a top deputy from Pirro’s office conceded that they hadn’t found any evidence of a crime in their investigation of the headquarters project.

Robert Hur, an attorney for the Federal Reserve board of governors, sent an email to Pirro’s prosecutors about their visit and their request for a “tour” to “check on progress” at the construction site. Hur’s email, which The Associated Press has viewed, noted that U.S. District Judge James Boasberg concluded that their interest in the Federal Reserve’s renovation project was “pretextual.”

Trump's budget director defends White House plan for massive boost in military spending

WASHINGTON (AP) — An effort to ramp up U.S. weapons production and build more ships, planes and drones will require a massive upfront investment, President Donald Trump's budget director told a House committee Wednesday.

The testimony from Russell Vought jump-starts the White House's push to increase defense spending to nearly $1.5 trillion in the next budget year, up from nearly $1 trillion this year, while cutting health research, heating assistance and scores of other domestic programs by about 10% overall. Such cuts do not cover mandatory spending, which includes such programs as Social Security and Medicare.

The debate over Trump's proposal underscored the sharp divide that will shape some of the most significant policy debates going into a midterm election that will give voters the ultimate say on the direction of the country.

“For the industrial base to double or triple and build more facilities, not just add shifts, it requires multiyear agreements to purchase into the future,” Vought told lawmakers. “That cost has to be booked in this first year.”

The White House is calling for about $1.1 trillion for defense through the regular appropriations process, which typically requires support from both parties for approval. An additional $350 billion would come through a separate bill that Republicans can accomplish on their own, through party-line majority votes.

Homeland Security worker and another woman are killed in a series of Atlanta-area attacks

ATLANTA (AP) — An Atlanta man has been charged in a string of attacks over a matter of hours that left two women dead and a man in critical condition, drawing the Trump administration's attention after one of the victims was identified as a Department of Homeland Security employee who was walking her dog.

The killing of the DHS worker, Lauren Bullis, and shootings of the two other victims on Monday led Homeland Secretary Markwayne Mullin to issue a statement raising concerns that the 26-year-old defendant, U.K.-native Olaolukitan Adon Abel, was granted U.S. citizenship in 2022, when Democrat Joe Biden was president.

“These acts of pure evil have devastated our Department and my prayers are with the families of the victims,” Mullin wrote in a statement posted on social media, cataloging a litany of the defendant's previous alleged crimes but not specifying whether they happened before he was granted citizenship.

Authorities have said they believe at least one of the victims, the man who was wounded, was targeted at random. They said they were still looking into whether the other two victims were also picked randomly.

The first victim was found with multiple gunshot wounds near a restaurant in the Decatur area at around 1 a.m. Monday. She was taken to a hospital but died, DeKalb County Police Chief Gregory Padrick said at a news conference. Police have not publicly identified her.

Pope doubles down on peace and unity message as Trump's criticism continues

ABOARD THE PAPAL PLANE (AP) — Pope Leo XIV on Wednesday doubled down as U.S. President Donald Trump’s criticism showed no sign of letting up, insisting that the message "the world needs to hear today” is one of peace and dialogue.

Leo spoke to journalists en route to Cameroon as he continued his Africa visit.

He made no mention of Trump’s latest social media post or the suggestion by U.S. Vice President JD Vance, a Catholic convert, that he should “be careful” when speaking about theology.

Leo took no questions. Rather, he focused on his first stop in Algeria and the teachings of St. Augustine of Hippo, the inspiration of his religious order and his own spirituality.

But Leo spoke in terms that suggested the Trump administration's criticism of the pope's calls for peace in the Iran war hadn't gone unnoticed. He spoke exclusively in English.

Student kills 9 in Turkey's second school shooting in 2 days

ANKARA, Turkey (AP) — A student opened fire on two classrooms at a middle school in Turkey on Wednesday, killing nine people and wounding 13 others, the interior minister said, in the country's second such shooting in two days.

The 14-year-old gunman was killed. He arrived at the school armed with guns believed to belong to his father, a retired police officer, Kahramanmaras provincial Gov. Mukerrem Unluer said. He was carrying five firearms and seven magazines.

The motive of the attack wasn't immediately known. It was not clear whether the gunman was killed by police or killed himself.

Six of the 13 people wounded were in serious condition, Interior Minister Mustafa Ciftci said.

The attack came a day after 16 people, mostly students, were wounded when a former student opened fire at a high school in nearby Sanliurfa province. The assailant later killed himself.