Rubio, in Video, Urges Cubans to Align With Trump Administration
In a rare direct address, Secretary of State Marco Rubio blamed the former leader Raúl Castro for the country’s longstanding electricity and resource shortages.
Oil (Petroleum) and Gasoline
G7 Finance Ministers Look to Contain Iran Economic Fallout
Top policymakers were expected to discuss rising energy prices and sanctions policy at a critical summit in Paris this week.
Inflation Jumps as War-Driven Energy Costs Drive Up Prices
President Trump has declared the cease-fire on “life support,” and investors are taking a cautious approach as the economic effects of the war become more apparent.
Trump Proposes Suspending Federal Gas Tax Until Prices Fall
Congress would have to agree to any suspension, and dropping federal taxes would not make up for the steep increase in prices since the war began.
U.S. Allows Venezuela to Begin Debt Restructuring Process
Venezuela must repay $60 billion in defaulted bonds as it looks to stabilize its economy.
U.S. Warns China Over Iranian Oil as Sanctions Fight Intensifies
China told its independent refineries to disregard U.S. sanctions over their purchases of Iranian crude.
Spirit Airlines Prepares to Shut Down After Trump Administration Bailout Falls Through
The low-fare airline, which has struggled for years, had been trying to secure a $500 million lifeline from the Trump administration.
Loss of Emirates Further Weakens OPEC’s Influence
The exit of the United Arab Emirates is the most significant in a series of departures from the oil cartel in recent years.
Treasury Issues More Sanctions on Iranian Oil Exports
The measures aim to crack down on Iran’s shadow banking system and Chinese purchases of Iranian oil.
Thousands of EV Car Leases Are Ending Soon, Giving Buyers a More Affordable Option
The leases on hundreds of thousands of battery-powered cars and trucks will end in the next three years, and many will end up on used-car lots.