IRGC Vows 'Not A Drop Of Oil & Gas Will Be Exported' From Region Amid Sustained Cross-Gulf Fighting

Bank Of Japan Raises Rates To 1% For The First Time In 31 Years, Will Stop Reducing Bond Purchases As widely expected, the BoJ raised the policy rate by 25bp to "around 1%" (there was one dissent from newly appointed dovish board member Asada for a hold) taking the cost of borrowing to its highest level in 31 years as the country adjusts to sustained inflation. The 0.25% increase, which was widely expected, takes Japan to what analysts said was a critical milestone in the central bank’s effort of normalizing monetary policy...

Federal Judge Blocks Trump Admin's Mail-In Voting Restrictions, National Voter Database For Midterms A federal judge in Boston has blocked key parts of President Donald Trump’s March executive order that sought to impose new limits on mail-in voting and create a nationwide list of eligible voters using federal citizenship data. The ruling, issued June 25 by Obama-appointed U.S. District Judge Indira Talwani, prevents the administration from enforcing the directives for the November midterms in the two dozen Democratic-led states and jurisdictions that challenged the order. Judge Indira Talwani Talwani found that no...

US Airlines Set To Pocket $40 Billion As Jet Fuel Prices Crash By Alex Kimani of OilPrice.com US airlines stand to save billions in dollars on jet fuel costs after the US-Iran peace deal sent oil prices sharply lower. Brent crude was trading around $78 per barrel, the lowest price since the start of the war, after Washington and Tehran agreed to a ceasefire and committed to 60 days of negotiations, while jet fuel spot prices fell to $2.85 a gallon, down sharply from $4.88.  The dip in fuel costs could slash the...