He was best known for his success in business, notably the international beauty company he built with his mother, Estée Lauder. But he was also an influential art patron.
Administration officials secured a deal that will give the president unusual influence over a private company, and could serve as a model for other deals.
U.S. oil prices already jumped last week, which could cause prices at the pump to rise about 20 cents a gallon in the coming weeks, according to one estimate.
Iran's response to Israeli attacks on its nuclear facilities is "self-defence" and a "matter of principle", the Iranian ambassador to the UK has told Sky News.
A manhunt is continuing after the gunning down of a Democrat politician and her husband - with police saying they're acting on the assumption he is still alive and dangerous.