As Trump rages against his allies, Republicans are asking what the plan is to end the chaos in Iran
News Source : Fortune
News Summary
- Oil was at $102 this morning and moderating downward after Iraq made a deal to export oil through Turkey.
- U.S. retail gasoline prices are almost exactly a dollar (35.5%) above 2026 lows, having risen every day for four weeks.
- If oil stayed above $100 per barrel for a full year, the tax benefits for Americans in the One Big Beautiful Bill Act ($800 per person) “will be fully wiped out" due to inflation, according to Wells Fargo’s estimates.
Oil was at $102 this morning and moderating downward after Iraq made a deal to export oil through Turkey, avoiding the Strait of Hormuz. S&P 500 futures were up 0.5% before the bell after the ind [+7081 chars]
Never miss a story from us, subscribe to our newsletter