Live Updates: Trump says U.S. will continue blockade after Iran says Strait of Hormuz "completely open" CBS NewsOil prices plunge after Iran says Strait of Hormuz open for commercial shipping traffic Fox BusinessIran declares Strait of Hormuz open to shipping but Trump says U.S. blockade still active CNBC
Gasoline could drop below $4 in coming days NPRDrivers See Small Break as Gas Prices Tick Lower AAA Gas PricesGas prices are dropping. These states are seeing the biggest relief USA TodayGas, diesel prices drop in more than 20 states since last week The Hill
Federal Reserve governor Chris Waller said the surge in oil prices tied to the Iran war and lingering effects from U.S. tariffs could "lead to a more lasting increase in inflation," potentially forcing the central bank to eschew further interest-rate cuts.
U.S. inflation is going to get worse before it gets better, but price increases tied to the Iran war could start to evaporate during the summer and open the door for the Federal Reserve to cut interest rates again.
Exclusive: Justice Department removes lead prosecutor from probe of Trump critic John Brennan CNNProsecutor Withdraws From Trump Team's Investigation of Ex-C.I.A. Chief The New York TimesJustice Department Shakes Up Probe Into Alleged Trump Conspiracy Bloomberg.comTop prosecutor in Florida removed from probe into ex-CIA Director John Brennan: Sources abcnews.com
