US Gasoline Prices Fall Below $4 as Iran Pressure Eases

Jun 18, 2026 | Markets

US gasoline prices dipped below $4 a gallon for the first time since March, providing welcome relief to consumers after a historic global supply disruption sent fuel costs soaring for months. National regular unleaded gasoline averaged $3.999 on Thursday, according to...

Fed’s Warsh Rocks Bond Market in Debut, Sparks Surge in Rate-Hike Bets

Jun 18, 2026 | Markets

Traders piled into betting on interest-rate hikes as soon as next month after Kevin Warsh used his debut press conference as Federal Reserve chairman to make clear the central bank won’t tolerate high inflation. Two-year Treasury yields, which closely track...

Australia Probes Private Credit Lenders, Warns on Valuations

Jun 17, 2026 | Markets, Private Credit

Australia’s corporate watchdog is investigating a number of private credit funds and warning industry managers to make sure that asset valuations are “grounded in realistic assumptions” before an end-of-month reporting deadline. “We’re absolutely 100% unequivocally...

Warsh Forms Task Force to Review Fed’s $6.7 Trillion Balance Sheet

Jun 17, 2026 | Markets, Private Credit

Federal Reserve Chairman Kevin Warsh said he is appointing a task force to examine the central bank’s $6.7 trillion balance sheet, a first step in addressing a policy issue he has long criticized. Warsh said one of the independent task forces he is forming will...

War Drains Oil Inventories to Critically Low Level at US Hub

Jun 17, 2026 | Markets

Customers desperate for oil are draining so much of it from giant storage tanks in Oklahoma that producers are having trouble keeping up. Inventories at Cushing, the largest commercial crude oil storage hub in the US, have fallen for eight weeks in a row and now stand...