AP News in Brief at 9:04 p.m. EDT

Following news of the deployments, President Donald Trump said later Friday on social media that his administration in fact was considering “winding down” military operations in the region. The mixed messages came after another climb in oil prices plunged the U.S. stock market, and was followed by a Trump administration announcement that it will lift sanctions on Iranian oil loaded on ships, a move aimed at wrangling soaring fuel prices.

The war, meanwhile, has shown no signs of abating.

Israel said Iran fired a missile at it early Saturday, while Saudi Arabia said it downed 20 drones in just a couple of hours in the country's eastern region, which is home to major oil installations. The defense ministry said there were no injuries or damage.

The attacks came a day after Israeli airstrikes hit in Tehran as Iranians celebrated the Persian New Year, known as Nowruz, a normally festive holiday.

High oil prices knock down stocks and erase Wall Street's hopes for a cut to interest rates

NEW YORK (AP) — Another climb for oil prices shook stock markets on Friday, as hopes collapsed for a possible cut to interest rates this year by the Federal Reserve.

The S&P 500 fell 1.5% to close its fourth straight losing week, its longest such streak in a year. The Dow Jones Industrial Average dropped 443 points, or 1%, and the Nasdaq composite tumbled 2%.

The market’s losses deepened after oil prices erased an early dip and accelerated in the afternoon. Brent crude, the international standard, rose 3.3% to settle at $112.19 per barrel. Benchmark U.S. crude gained 2.3% to $98.32 per barrel.

Stocks also bent under the weight of leaping yields in the bond market. Higher yields make mortgage rates and other borrowing more expensive for U.S. households and companies, slowing the economy, and they grind down on prices for all kinds of investments. Treasury yields have been jumping on worries the war with Iran will cause a long-term spike in oil and natural gas prices that drives up inflation.

Worries have gotten so high that traders have canceled nearly all their bets that the Federal Reserve could cut interest rates this year, according to data from CME Group. Some even think the Fed could raise rates in 2026, a nearly unthinkable scenario before the war began.

DEA names Colombian president 'priority target' as US prosecutors probe ties to drug traffickers

NEW YORK (AP) — Colombian President Gustavo Petro has been designated a “priority target” by the U.S. Drug Enforcement Administration as federal prosecutors in New York probe his alleged ties to drug traffickers, according to people familiar with the matter and records seen by The Associated Press.

DEA records show Petro has surfaced in multiple investigations dating to 2022, many based on interviews with confidential informants. The alleged crimes the DEA has investigated include his possible dealings with Mexico’s Sinaloa cartel and a scheme to leverage his “total peace” plan to benefit prominent traffickers who contributed to his presidential campaign. The records also suggest the use of law enforcement to smuggle cocaine and fentanyl through Colombian ports.

The “priority target” label is reserved for suspects DEA deems to have a “significant impact” on the drug trade. It's unclear when the DEA gave Petro that designation.

Petro denied all ties to drug traffickers and maintained he never accepted their funds during his campaign. Writing on X Friday, he argued that U.S. legal proceedings would ultimately dismantle accusations from the Colombian far right, a group he claims is actually the one involved with traffickers.

Colombia’s Embassy in Washington downplayed what it called “unverified” and anonymous reports of preliminary law enforcement investigations against Petro.

Chuck Norris, martial arts master and actor whose toughness became internet lore, dies at 86

Chuck Norris, the martial arts grandmaster and action star whose roles in “Walker, Texas Ranger” and other television shows and movies made him an iconic tough guy — sparking internet parodies and adoration from presidents — has died at 86.

Norris died Thursday, in what his family described as a “sudden passing.”

“While we would like to keep the circumstances private, please know that he was surrounded by his family and was at peace,” the family said in a statement posted to social media.

Before he would become a star in movies and on TV, Norris was wildly successful in competitive martial arts. He was a six-time undefeated World Professional Middleweight Karate champion. He also founded his own Korean-based American hard style of karate, known sometimes as Chun Kuk Do, and the United Fighting Arts Federation, which has awarded more than 3,300 Chuck Norris System black belts worldwide. Black Belt magazine ultimately credited Norris in its hall of fame with holding a 10th degree black belt, the highest possible honor.

Born Carlos Ray Norris in Ryan, Oklahoma, on March 10, 1940, he grew up poor. At age 12, he moved with his family to Torrance, California, and joined the U.S. Air Force after high school, in 1958. It was during a deployment to Korea that he started training in martial arts, including judo and Tang Soo Do.

CBS News shutters its storied radio news service after nearly a century, ending an era

NEW YORK (AP) — CBS News said Friday it will shut down its storied radio news service after nearly 100 years of operation, ending an era and blaming challenging economic times as the world moves on to digital sources and podcasts. Said longtime CBS News anchor Dan Rather: “It’s another piece of America that is gone."

When it went on the air in September 1927, the service was the precursor to the entire network, giving a youthful William S. Paley a start in the business. Famed broadcaster Edward R. Murrow's rooftop reports during the Nazi bombing of London during World War II kept Americans listening anxiously.

Today, CBS News Radio provides material to an estimated 700 stations across the country and is known best for its top-of-the-hour news roundups. The service will end on May 22, the network said Friday.

“Radio is woven into the fabric of CBS News and that's always going to be part of our history,” CBS News editor-in-chief Bari Weiss said in delivering the news to the staff. “I want you to know that we did everything we could, including before I joined the company, to try and find a viable solution to sustain the radio operation.”

But with the radical changes in the media industry, she said, “we just could not find a way to make that possible."

White House urges Congress to take a light touch on AI regulations in new legislative blueprint

WASHINGTON (AP) — The White House said Friday that Congress should “preempt state AI laws” that it views as too burdensome, laying out a broad framework for how it wants Congress to address concerns about artificial intelligence without curbing growth or innovation in the sector.

The legislative blueprint outlines a half-dozen guiding principles for lawmakers, focusing on protecting children, preventing electricity costs from surging, respecting intellectual property rights, preventing censorship and educating Americans on using the technology.

House Republican leaders swiftly endorsed the framework and said they're ready to work “across the aisle” to pass legislation, but doing so would be a heavy lift, requiring agreement with Democrats in the Senate as public divisions over AI run deep.

The announcement comes as state governments have forged ahead on their own regulations for AI while civil liberties and consumer rights groups lobby for more regulations on the powerful technology. The industry and the White House have pushed back, arguing that a patchwork of rules would hurt growth. Trump signed an executive order in December to block states from crafting their own regulations.

“This was in response to a growing patchwork of 50 different state regulatory regimes that threaten to stifle innovation and jeopardize America’s lead in the AI race,” said White House AI czar David Sacks in a social media post Friday.

Trump administration sues Harvard, saying it violated civil rights law and seeking to recover funds

WASHINGTON (AP) — The Justice Department filed a new lawsuit Friday against Harvard University, saying its leadership failed to address antisemitism on campus, creating grounds for the government to freeze existing grants and seek repayment for grants already paid.

The lawsuit, filed in federal court in Massachusetts, is another salvo in a protracted battle between the administration of President Donald Trump and the elite university.

“The United States cannot and will not tolerate these failures,” the Justice Department wrote in the lawsuit. It asked the court to compel Harvard to comply with federal civil rights law and to help it “recover billions of dollars of taxpayer subsidies awarded to a discriminatory institution.”

The lawsuit also asks a judge to require Harvard to call police to arrest protesters blocking parts of campus and to appoint an independent monitor, approved by the government, to ensure the university complies with court orders.

In a statement, Harvard said it “cares deeply about members of our Jewish and Israeli community and remains committed to ensuring they are embraced, respected, and can thrive on our campus.”

Over 5,500 told to evacuate flooding in Hawaii as officials warn 120-year-old dam could fail

HONOLULU (AP) — Muddy floodwaters from severe rains inundated streets, pushed homes off their foundations, swallowed vehicles and prompted evacuation orders for thousands of residents in towns north of Honolulu on Friday as officials warned of the possible failure of a 120-year-old dam.

Emergency sirens blared along Oahu’s North Shore, where rising waters damaged homes in a community world-renowned for its surfing. Honolulu officials told residents Friday morning to leave the area downstream of Wahiawa dam — which has been vulnerable for decades — saying it was “at risk of imminent failure."

There were no immediate reports of deaths or injuries, but some homes had been swept away, said Ian Scheuring, a spokesperson for Honolulu. Crew searched by air and by water for people who had been stranded — efforts that were hampered by people flying personal drones to get images of the flooding, he said.

During an afternoon news conference, Honolulu Mayor Rick Blangiardi said dozens — if not hundreds — of homes had been damaged. Officials had not been able to fully assess the destruction due to the floodwaters. Some 5,500 people were under evacuation orders.

"There’s no question that the damage done thus far has been catastrophic,” he said.

Feds move to dismiss charges against officers accused of falsifying warrant in Breonna Taylor raid

LOUISVILLE, Ky. (AP) — Federal prosecutors asked a judge Friday to dismiss the charges against two Louisville officers accused of falsifying the warrant that led police to raid Breonna Taylor's apartment the night she was killed six years ago.

Prosecutors said in a court filing that their review of the case showed the charges against former Detective Joshua Jaynes and former Sgt. Kyle Meany should be “dismissed in the interest of justice."

It's unclear when the judge might rule on the request. A hearing is scheduled for April 3.

Judges have twice reduced a felony charge against each officer to a misdemeanor, saying there wasn't a direct link between the false information in the warrant and Taylor's death. Prosecutors said after the second ruling that they had decided to drop the cases.

"We are elated with this development,” said Travis Lock, an attorney for Jaynes.

Judge sides with New York Times in challenge to policy limiting reporters’ access to Pentagon

WASHINGTON (AP) — A federal judge agreed Friday to block the Trump administration from enforcing a policy limiting news reporters’ access to the Pentagon, agreeing with The New York Times that key portions of the new rules are unlawful.

U.S. District Judge Paul Friedman in Washington, D.C., sided with the newspaper and ruled that the Pentagon policy illegally restricts the press credentials of reporters who walked out of the building rather than agree to the new rules.

The Times sued the Pentagon and Defense Secretary Pete Hegseth in December, claiming the credentialing policy violates the journalists’ constitutional rights to free speech and due process.

The current Pentagon press corps is comprised mostly of conservative outlets that agreed to the policy. Reporters from outlets that refused to consent to the new rules, including from The Associated Press, have continued reporting on the military.

The Defense Department has been letting some of the legacy media reporters that didn’t agree to the restrictions back in the Pentagon for some of Hegseth’s Iran war briefings. Hegseth rarely calls on them, although he did recently take questions from reporters like Eric Schmitt of The Times and Luis Martinez of ABC.