EWN Jun 12
Trump cancels Iran strikes, touts imminent deal: US President Donald Trump's announcement fueled a stock market rally and tanked oil prices.
ewn.co.za/2026/06/12/trump-cancels-iran-strikes-touts-imminent-deal
Key FactsTrump Repeatedly Retracts Threats Against Iran
2 days ago · Reading time: ~45 sec.
Summary created with AI assistance · Source: independent.co.uk
Summary created with AI assistance · Source: independent.co.uk
- President Trump frequently threatened to strike Iran's energy sites but consistently withdrew these plans.
- His erratic shifts created confusion among opponents and drew rebuke from allies including Emmanuel Macron.
- Following June 2026 escalations, Trump called off a major assault after top-level talks with Iranian leaders.
- Despite multiple warnings, no significant US military action occurred, affecting stability in the Middle East.
A whole civilisation will die tonight, never to be brought back again,— Donald J. Trump, in a Truth Social post on 7 April during the Iran conflict
Key FactsElon Musk Becomes World's First Trillionaire
1 days ago · Reading time: ~45 sec.
Summary created with AI assistance · Source: iol.co.za
Summary created with AI assistance · Source: iol.co.za
- SpaceX shares surged nearly 20% on their record-breaking initial public offering.
- The company's valuation topped $2 trillion, surpassing Tesla, Meta, and Walmart.
- SpaceX aims to transport humans to Mars and beyond, backed by cutting-edge AI and satellite tech.
- The IPO created numerous new millionaires and billionaires among employees and investors.
The world will get its first trillionaire while Americans across the country are scraping together every dollar to save for retirement.— Elizabeth Warren, Democratic Senator
Trump again shrugs off high prices amid war with Iran: When asked about the latest consumer price index report, the president told reporters, "I love it ...
bostonglobe.com/2026/06/10/nation/trump-inflation-consumer-index-iran-war/
Diehard Trump Voters Turn on Him With Furious ‘Buyer’s Remorse’: Republicans have blasted the man they voted for over his poor handling of the economy and broken ...
thedailybeast.com/diehard-trump-voters-turn-on-him-with-furious-buyers-remorse/
Interior Secretary Targets Bizarre Culprit for High Gas Prices: California Gov. Gavin Newsom is the real high gas price boogeyman, according to Interior ...
thedailybeast.com/interior-secretary-hits-at-bizarre-culprit-for-high-gas-prices/
Oil and gas supplies could take months to return to normal after Iran deal, energy experts say
ctvnews.ca/world/article/oil-and-gas-supplies-could-take-months-to-return-to-normal-after-iran-deal-energy-experts-say/
Oil falls over 4% after US and Iran reach peace deal, to reopen Strait of Hormuz: Oil prices dropped significantly after the US and Iran announced a peace deal ...
straitstimes.com/business/companies-markets/oil-falls-over-4-after-us-and-iran-reach-peace-deal-to-reopen-strait-of-hormuz
Trump says US reached a deal with Iran to reopen the Strait of Hormuz: Trump said the US reached a deal with Iran on Sunday to reopen the Strait of Hormuz ...
businessinsider.com/iran-deal-strait-of-hormuz-oil-gas-prices-2026-6
Key FactsPeace Deal Ends Iran War and Lifts Naval Blockade
1 hours ago · Reading time: ~45 sec.
Summary created with AI assistance · Source: cp24.com
Summary created with AI assistance · Source: cp24.com
- The United States and Iran agreed to cease hostilities and reopen the vital Strait of Hormuz.
- Formal signing of the agreement is scheduled for Friday in Switzerland, with full terms to be disclosed afterward.
- President Trump authorized the immediate removal of the US naval blockade that had disrupted global oil shipments.
- The deal calls for a permanent halt to military actions on all fronts, including in Lebanon.
I hereby fully authorize the toll-free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the immediate removal of the United States Naval blockade.— Donald Trump; announced on social media
Trump’s approval rating near record low as most Americans expect higher gas prices
cp24.com/news/world/2026/06/08/trump-approval-stays-near-record-low-as-most-americans-expect-higher-gas-prices/
Trump Voters Turn Against Him Over ‘Terrible’ Gas Prices: Americans are paying more for gas now than at any point over the last four years.
thedailybeast.com/trump-voters-turn-against-him-over-terrible-gas-prices/
Key FactsTrump Supporters Drift Over Rising Gas Costs
Jun 1, 2026 · Reading time: ~45 sec.
Summary created with AI assistance · Source: thedailybeast.com
Summary created with AI assistance · Source: thedailybeast.com
- The ongoing conflict in Iran, lasting more than three months, has driven U.S. gas prices to an average of $4.33 per gallon.
- Several ex-Trump supporters express frustration with the war's economic impact and its influence on their voting intentions.
- Some voters have ruled out prominent Republican candidates and are contemplating voting Democrat in future elections.
- The administration insists that tax cuts, deregulation, and energy policies will restore economic stability once the conflict concludes.
Him running us like a business—I’ve seen where it’s gotten us, and it’s not good.— Raven Hoskins, independent voter in Michigan, describing the impact of gas prices and Trump's leadership.
Fuel prices without discount: Fuel discount expires as planned: Der Tankrabatt hat Wirkung gezeigt und die Inflation zuletzt deutlich gedrückt ...
zdfheute.de/wirtschaft/tanken-rabatt-auto-tankstelle-100.html
Gas prices are rising again – German government must decide on the future of the fuel rebate Fuel discount and gasoline prices: Fuel prices are rising again - | Federal government must decide on the future of the fuel discount - | Video - | WELT
CNN Data Guru Pours Gasoline on Trump’s Inflation Dumpster Fire: Trump’s declaration that he “loves inflation” is only going to hurt his own party ...
thedailybeast.com/cnn-data-guru-harry-enten-pours-gasoline-on-trumps-inflation-dumpster-fire/
Gas prices are falling toward $4 a gallon but outlook uncertain, analysts say: The average price of a gallon of gas has fallen nearly 9% over the past month.
abcnews.com/Business/gas-prices-falling-4-gallon-outlook-uncertain-analysts/story
EWN Jun 10
Mantashe announces 60-day fuel reserve plan as oil prices surge: Mantashe warns that South Africa remains vulnerable because of its reliance on imports.
ewn.co.za/2026/06/10/mantashe-announces-60-day-fuel-reserve-plan-as-oil-prices-surge
From unfilled gas tanks to fewer frills, retailers see US consumers rethink their spending
startribune.com/from-unfilled-gas-tanks-to-fewer-frills-retailers-see-us-consumers-rethink-their-spending/601854243
Householders face triple whammy of financial hits in the coming weeks: Electricity hikes, mortgage rate rises and the end of excise duty cuts on motor fuel are ...
independent.ie/business/money/householders-face-triple-whammy-of-financial-hits-in-the-coming-weeks/a/156849918.html
LPG price hiked again: Cooking gas rates increased by ₹29, now cost ₹942 in Delhi | India News
hindustantimes.com/india-news/lpg-price-hiked-again-cooking-gas-rates-increased-by-rs-29-check-new-price-in-delhi-rs-942-101780771021584.html
Costco sets a 50-year record for gas sales amid the Iran war: Costco stations saw so much recent demand that trucks had to deliver gas to the same locations ...
seattletimes.com/business/costco-sees-record-demand-for-gas-since-war-in-the-middle-east/
Californians are not loving high gas prices as inflation spikes: Californians are facing high gas prices that are cutting into their summer spending plans ...
latimes.com/business/story/2026-06-12/californians-are-not-loving-high-gas-prices-as-inflation-spikes
Trump says U.S. will take Iran’s oil-export hub Kharg Island. Here’s what his threat really means.
trib.al/6H4a5O4
Key FactsStrategic Stakes in Controlling Kharg Island
2 days ago · Reading time: ~45 sec.
Summary created with AI assistance · Source: euronews.com
Summary created with AI assistance · Source: euronews.com
- US President Trump declared intentions to seize Kharg Island and other key oil infrastructure points.
- Losing control would severely disrupt Iran’s oil exports and inflict major economic stress on the country.
- The island’s defense systems and proximity to the coast make a US military takeover challenging and vulnerable to counterattacks.
- Iran might sabotage Kharg Island to inflict heavy losses on US forces or increase political pressure if it loses the territory.
"At some point in the not too distant future, we will be taking Kharg Island, and other oil infrastructure points, and assume total control of their Oil and Gas Markets," Trump wrote on Truth Social.— Donald Trump on Truth Social
When oil prices could get even worse: The markets' shock absorbers could easily wear out later this summer unless the Strait of Hormuz opens soon.
axios.com/2026/06/12/oil-prices-iran-war-hormuz-when-surge
Do gas prices have you considering an electric vehicle? Cut charging costs with simple at home tips.
OpinionIf Australian datacentres are going to power the AI revolution, we deserve a fair return
theguardian.com/commentisfree/2026/jun/09/australia-datacentres-artificial-intelligence-ai-revolution-industry-fairness
The Strait of Hormuz is ‘leaking’ oil: One of the biggest mysteries of the global economy is why the oil market has remained so calm during one of the greatest ...
edition.cnn.com/2026/06/09/business/oil-strait-of-hormuz-iran-gas-prices
Travellers looking for EVs to save on gas won't find them at car rental companies
cp24.com/news/money/2026/06/07/travellers-looking-for-evs-to-save-on-gas-wont-find-them-at-car-rental-companies/
Trump forces ECB to raise interest rates: Iran war, oil price shock, high gasoline prices. Due to the sharply rising consumer prices, the European Central Bank ...
n-tv.de/wirtschaft/Trump-zwingt-EZB-zur-Zinserhoehung-id30954021.html
Key FactsECB Raises Rates Amid Rising Inflation Pressures
3 days ago · Reading time: ~45 sec.
Summary created with AI assistance · Source: reuters.com
Summary created with AI assistance · Source: reuters.com
- The European Central Bank raised its benchmark deposit rate to 2.25% to mitigate inflation driven by surging energy prices.
- Inflation in the eurozone surpassed 3% in May, well above the 2% target, largely due to the Middle East conflict's impact.
- The ECB upgraded its 2026 inflation forecast from 2.6% to 3.0% and expects 2.3% inflation in 2027.
- Economic growth projection for 2026 was lowered to 0.8% as the bank aims to balance inflation control with recession risks.
The war in the Middle East is generating inflation pressures, and the decision to raise rates is robust across a range of scenarios mapping out how the shock might evolve and affect the medium-term outlook for the euro area.— ECB said in a statement.
President Trump tells “Meet the Press” in an exclusive interview that gas prices will get “very low” once there is a peace deal with Iran or after the conflict ... Show more
Doug Burgum Blames Democrats for High Gas Prices: ‘Thank Gavin Newsom for That’: During a Friday appearance on Fox News, Interior Secretary Doug Burgum blamed ...
mediaite.com/media/tv/doug-burgum-blames-democrats-for-high-gas-prices-thank-gavin-newsom-for-that/
Average gas prices pass $5 a gallon in Chicago as inflation surges to 3-year high
chicagotribune.com/2026/06/12/may-consumer-price-tracker/
Oil Prices Tumble After Trump Announces Deal With Iran: Oil prices fell and stocks gained on Sunday evening on the hope that a deal would allow more energy and ...
nytimes.com/2026/06/14/business/oil-stocks-gas-iran.html
GOP Wants Trump to Shut Up About His Design Projects: Republicans are having a hard time swallowing Trump’s vanity projects amid skyrocketing prices.
thedailybeast.com/gop-wants-trump-to-shut-up-about-his-washington-dc-design-projects/
President Donald Trump claimed on Wednesday that the U.S. has been taking out oil from Iran as part of a “secret mission” to keep gas and oil prices low.
Average gas prices pass $5 a gallon in Chicago as inflation surges to 3-year high
chicagotribune.com/2026/06/12/may-consumer-price-tracker/
Wes Moore answered questions about high gas prices and high energy bills before being cut off at a stop at Salisbury University on Thursday ... Show more
Trump's low approval rating stays steady, new poll shows. Here's why: President Donald Trump's approval rating remained steady near the lowest levels of his ...
richmond.com/news/nation-world/government-politics/article_7680d311-cc0e-57a5-887f-fd671400f9f2.html
Dire Warning to Trump About Major Price Spike Exposed: Oil industry executives are banging down White House doors with a grim forecast for the coming weeks.
thedailybeast.com/oil-industry-issues-dire-warning-to-trump-about-major-price-spike-caused-by-irans-strait-of-hormuz-closure/
Key FactsOil Crisis Threatens June Price Surge
Jun 4, 2026 · Reading time: ~30 sec.
Summary created with AI assistance · Source: thedailybeast.com
Summary created with AI assistance · Source: thedailybeast.com
- Senior oil executives have alerted the administration about a potential sharp increase in gas prices soon.
- The Strait of Hormuz blockade, triggered by conflict with Iran, has halted one-fifth of global oil shipments.
- Fuel inventories have dropped to critically low levels, raising concerns of significant price hikes by late June.
- Rising fuel costs have damaged presidential approval ratings and are impacting voter sentiment ahead of November elections.
The Odds Of A Rate Hike Are Soaring — What To Do Now: Hopes for lower interest rates are fading fast, putting renewed pressure on bond prices — and fixed-income ...
investors.com/etfs-and-funds/personal-finance/interest-rates-hike-are-soaring-what-to-do-now/
MAGA Host Issues Desperate Plea to Trump After Leaving His Supporters ‘Broke’: The NewsNation host doesn’t usually deviate from the party line.
thedailybeast.com/maga-host-issues-desperate-plea-to-trump-after-leaving-his-supporters-broke/
Key FactsMAGA Supporters Struggle Amid War and Inflation
Jun 1, 2026 · Reading time: ~45 sec.
Summary created with AI assistance · Source: thedailybeast.com
Summary created with AI assistance · Source: thedailybeast.com
- Support for Trump is eroding as the Iran war worsens the financial situation of his core base.
- Numerous families are forced to buy cheaper food and skip meals due to soaring living expenses.
- While stock markets rise, economic gains mainly benefit the top 10%, leaving most Americans financially strained.
- Tariff revenues totaling $200 billion could be redirected to aid citizens struggling during this prolonged crisis.
People who voted for you three times, who would walk over Legos covered in hot coals to vote for you, are broke. Some are skipping meals.— Batya Ungar-Sargon, NewsNation host, during her Sunday evening monologue
Inflation Rises To A 3-Year High On Spiking Gas Prices, Squeezing Americans Financially
huffpost.com/entry/latest-news-live-updates_n_6a268329e4b0a2296d1b65dc/liveblog_6a295b56e4b02d9edc7ec1ad
How long a 9kg gas bottle lasts depends on where you live: While gas prices vary surprisingly little between South Africa's major cities, heating demand does not ...
iol.co.za/business/economy/2026-06-10-how-long-a-9kg-gas-bottle-lasts-depends-on-where-you-live/
Costco Just Cut Prices on These Popular Kirkland Products: Costco has reduced prices on several Kirkland Signature products. Here's what got cheaper and why the ...
kiplinger.com/personal-finance/costco-kirkland-products-price-cuts
OpinionVarcoe: 'A big green light for Canada': More international capital flowing back into country's oil and gas sector
calgaryherald.com/opinion/columnists/varcoe-a-big-green-light-for-canada-more-international-capital-flowing-back-into-countrys-oil-and-gas-sector
Lower gas prices perk up poorer Americans' sentiment: The University of Michigan's consumer sentiment index climbed four points in June, to 48 ...
axios.com/2026/06/12/gas-prices-consumer-sentiment
Discount to end: Coalition won’t extend fuel rebate and threatens corporations: All in all, the fuel rebate was supposed to lower diesel and gasoline prices by ...
n-tv.de/politik/Koalition-verlaengert-Tankrabatt-nicht-und-droht-Konzernen-id30952375.html
Ted Cruz Suggests Gas Prices Won't Impact Midterms
huffpost.com/entry/live-updates_n_6a1d46a0e4b08a03cfb9a8f7/liveblog_6a1ef295e4b08a03cfbc9bd6
Spiking gas prices pushed inflation to its highest level in three years last month, a headache for the Federal Reserve and a potential political challenge for ... Show more
Bessent hints at major change in gas prices.
The Treasury chief has a tidy figure for what the Iran war is costing at the pump ... Show more
thestreet.com
thestreet.com
Canada's oil and gas drillers ‘making money’ in busiest May since boom-era 2014: High oil prices are driving a rush for black gold across Western Canada ...
calgaryherald.com/business/energy/canada-oil-gas-drillers-making-money-busiest-may-since-2014
Gas shortages raise deindustrialization risks: Gas shortages raise deindustrialization risks - Economy - The Jakarta Post
thejakartapost.com/business/2026/06/08/gas-shortages-raise-deindustrialization-risks
Trump threatens to take 'total control' of Iran's oil industry with major strikes
pbs.org/newshour/world/trump-threatens-to-take-total-control-of-irans-oil-industry-with-major-strikes
Trump's Bizarre Licoln Memorial Reflecting Pool Chart: Great news for everyone concerned about gas and grocery prices.
buzzfeed.com/natashajokic1/after-not-going-to-public-events-for-almost-a-week-trump
Gas prices are fluctuating more than ever: Since April, gas stations in Germany have been allowed to raise their prices only once a day. According to the ADAC ...
schwaebische.de/wirtschaft/spritpreise-schwanken-so-stark-wie-noch-nie-4636441
‘Alarm Bells’ Ringing as Key Voters Turn Against Trump: The president’s luck with young female conservatives appears to be running out.
thedailybeast.com/gop-alarm-bells-ringing-as-young-female-conservative-voters-turn-against-trump-ahead-of-midterm-elections/
US consumers alter spending habits as gas prices tax their budgets: U.S. consumers haven’t stopped spending since the Iran war drove up fuel prices ...
apnews.com/article/iran-war-consumer-economy-retailers-3fb28b7dfc4ba21689e6c7068a32c70e
Kroger, Costco reclaim gas price crown after gas station deal ends.
It’s important for consumers to pay attention or they will miss the best deals ... Show more
Gas station deal beats Costco, Kroger, but you must act fast
Gas station deal beats Costco, Kroger, but you must act fast
US energy secretary says lower gas prices will ultimately take resolution with Iran
reut.rs/4g459EM
Oil climbs as US-Iran tensions flare again while stockpiles tighten: Oil prices climbed on Wednesday, moving away from a seven-week low touched in the previous ...
reuters.com/business/energy/oil-rises-nearly-1-us-launches-new-strikes-against-iran-supply-tightens-2026-06-10/
US households, businesses stung by higher energy prices that have pushed inflation above 4%
startribune.com/inflation-likely-reached-3-year-high-last-month-as-iran-war-spikes-gas-prices/601855359
Trump’s handling of the economy hits new low with Americans, says poll: Americans are struggling to fill up their cars with gas and put food on their kitchen ...
the-independent.com/news/world/americas/us-politics/trump-economy-approval-rating-pol-b2992869.html
