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Bloomberg

The US States Where Gas Prices Are Surging Fastest Under Trump

US President Donald Trump has vowed to maintain a naval blockade on Iran, reiterating that the policy is depriving the Islamic Republic of much-needed oil revenue. West Texas Intermediate, the main US crude marker, rallied toward $111 a barrel on Thursday, while Brent, the global benchmark, topped $126. Iran's Supreme Leader Mojtaba Khamenei cast doubt on the prospects of a deal, vowing not to give up the Islamic Republic's nuclear or missile technologies, and signaling Tehran would keep control of the Strait of Hormuz. The American Automobile Association says in California, the average statewide price for regular gasoline rose to $6.01, the highest since October 2023. Skyrocketing pump prices are a major political risk for President Donald Trump's White House, especially ahead of the midterm elections. Bloomberg's Charlie Wells explains on "The Pulse with Francine Lacqua."

Read more: The US States Where Gas Prices Are Surging Fastest Under Trump
Bloomberg

US Economy Is in 'Fine Shape,' Marathon's Richards Says

Bruce Richards, Marathon Asset Management CEO, co-founder and chairman, says the US economy is "in good shape." Speaking on Bloomberg Television, he adds that consumer consumption looks "rock solid." Richards also discusses the impact prolonged elevated oil prices could have on the economic situation and growth.

Read more: US Economy Is in 'Fine Shape,' Marathon's Richards Says
Bloomberg

KMT's Cheng Li-wun on US Visit, Peace and Defense Budget

Cheng Li-wun confirms Beijing's positive response to her planned US visit and calls Trump "unpredictable," emphasizing peace and free trade as paramount for Taiwan. She clarifies KMT's defense spending stance, rejecting "blank checks" for the DPP while supporting US arms purchases, also comments on Japan PM Takaichi's "provocative" remarks on Taiwan.

Read more: KMT's Cheng Li-wun on US Visit, Peace and Defense Budget
Bloomberg

MT's Cheng Li-wun on US Visit, Peace and Defense Budget

Cheng Li-wun confirms Beijing's positive response to her planned US visit and calls Trump "unpredictable," emphasizing peace and free trade as paramount for Taiwan. She clarifies KMT's defense spending stance, rejecting "blank checks" for the DPP while supporting US arms purchases, also comments on Japan PM Takaichi's "provocative" remarks on Taiwan.

Read more: MT's Cheng Li-wun on US Visit, Peace and Defense Budget