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Iran War Live Updates: Trump Says Cease-Fire Is on 'Life Support' The New York TimesIran's Lengthy Response to the U.S. Leaves Some Gaps WSJIran says it will 'never bow' as Trump rejects peace counteroffer, prolonging Middle East conflict CNBCLive Updates: Iran vows to fight on as Trump says ceasefire is "on life support"
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President Donald Trump voiced support for a gasoline tax holiday to counter rising prices at the pump, as the cost of oil soars while the war with Iran drags on.
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BP, Shell, TotalEnergies Pocket Billions in War-Driven Trading Windfall Crude Oil Prices Today | OilPrice.comFuel, munitions and food: Trump's Iran war rips across US economy Financial TimesThe Iran war will change global energy markets in these important ways, oil executives say CNBC
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Confident in China's power, Xi is ready to host an unpredictable Trump The Washington PostAs Trump Heads to Beijing, China Is ‘Locked and Loaded' for a Fight The New York TimesWhat key issues are Trump and Xi set to discuss on Iran war? ReutersIran War Hangs Over China Summit WSJA weakened Trump arrives at Xi's court Financial Times
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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.
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Live Updates: Iran vows to fight on as Trump says ceasefire is "on life support" CBS NewsLive updates: Iran claims its counterproposal to end war is ‘reasonable' after Trump's rejection CNNTrump says ceasefire with Iran on ‘life support' after rejecting peace proposals The GuardianIran War Live Updates: Trump Says Cease-Fire Is on 'Life Support' The New York Times
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Oil prices climb again as Washington and Tehran fail to agree terms to end war and reopen Strait of Hormuz
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Home sales barely moved in April, as mortgage rates shot higher the month before and uncertainty over the war with Iran weighed on consumers.
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The Supreme Court struck down Trump's "reciprocal" tariffs earlier this year, and Europe warned that its trade deal with Washington could be in jeopardy.
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The Fed is expected to hold rates steady, at what's likely to be Jerome Powell's last meeting as chair — with Kevin Warsh looking set to replace him.
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