US Says It Will Allow Sale of Some Venezuelan Oil to Private Companies in Cuba

Food Retailers Troubled By This Chart Consumer staples and food retail equity analyst Scott Marks at Jefferies told clients Saturday that one of the most concerning charts for food retailers is the sharp decline in average benefits per SNAP participant under the Trump administration, as the USDA intensifies efforts to root out fraud, waste, and abuse. SNAP's elevated payment error rates are setting up a new fiscal fight between the Trump administration and states. Marks said food retailers are caught in the crosshairs: SNAP error rates set up state cost-sharing showdown. USDA...

Iran Strikes Should End In Regime Change, Senate Majority Leader Says, Ahead Of War Powers Vote Senate Majority Leader John Thune has made the maximalist hawkish US case on Iran, saying that any authorized strikes should result in nothing less than regime change in Tehran. "In my view, if you’re going to do something there, you better well make it about getting new leadership and regime change," the leading Republican Senator said Thursday. "If you’re going to take some sort of action, I think you want to achieve a result that actually...

U.S. Gasoline Prices Hit Politically Sensitive $4 Level As Trump Eyes Iran War Off-Ramp The overnight Wall Street Journal report that President Trump told aides he is willing to wind down the U.S. military campaign against Iran even if the Strait of Hormuz remains disrupted (and appeared to confirm this narrative in a social media post this morning) comes just as the national average gasoline price hit the politically sensitive $4-a-gallon threshold, underscoring the delicate balancing act the administration is facing in managing battlefield objectives and domestic fuel costs. The latest...