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News & Articles By Garrison Vance
06/28/2026
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By Garrison Vance
Oil Prices Near $70 a Barrel as Strait of Hormuz Evacuation Plan Raises Hopes for Normalized Flow
Oil Prices Drop on Evacuation Plan Oil prices traded near $70 a barrel on Wednesday, June 24, as an evacuation plan for vessels trapped in the Strait of Hormuz raised hopes for normalized energy flows, according to market data. Brent crude futures fell below $75 a barrel on June 23, while West Texas Intermediate crude […]
06/26/2026
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By Garrison Vance
Report: Pentagon Requests $80 Billion for Iran War and Other Expenses
The Department of War has informed lawmakers it needs $80 billion to cover costs from the Iran war and other non-war-related bills, according to a Wall Street Journal report published on June 18. Deputy Defense Secretary Stephen Feinberg conveyed the request in phone calls to lawmakers that same week, citing people familiar with the matter. […]
06/21/2026
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By Garrison Vance
Oil Prices Slide After Iran Deal, But Analysts Warn Gasoline Relief Will Take Months
Brent crude futures fell 0.1% to $77.18 a barrel on Thursday, June 18, 2026, according to market data [1]. West Texas Intermediate crude slid 0.3% to $75.78 a barrel the same day [1]. The declines brought oil prices to their lowest levels since the start of the US-Iran conflict on February 28, when benchmarks had […]
06/19/2026
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By Garrison Vance
Dubai property sales drop 19% in May after Middle East war, data shows
Dubai property sales fall sharply after outbreak of war Dubai property sales fell 19% in May compared with the previous month, accelerating from a 4% decline in April, according to data from the Dubai-based consultancy ValuStrat. Transactions are now below half their level from the same period last year, the research firm reported. Haider Tuaima, […]
06/18/2026
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By Garrison Vance
Trump Says He Will Send Iran Deal to Congress for Review After Lawmakers Block It
President Donald Trump announced he will send the interim memorandum of understanding (MOU) with Iran to Congress for review after lawmakers moved to block its implementation, according to a statement from the White House. The announcement came June 16, 2026, following a weekend in which Trump, Vice President JD Vance, and Iran’s Parliament Speaker Mohammad […]
06/18/2026
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By Garrison Vance
Trump Defends Iran Deal as Way to Avoid “Economic Catastrophe”
U.S. President Donald Trump on Wednesday, June 18, defended a memorandum of understanding (MOU) with Iran as a necessary step to avert an economic crisis, drawing a comparison to the Hoover administration, while warning he could resume bombing if Iran does not comply. Speaking at a press conference on the sidelines of the G-7 Summit […]
06/16/2026
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By Garrison Vance
U.S. Average Gas Price Drops Below $4 Per Gallon for First Time Since April
The national average price of regular gasoline in the United States fell below $4 per gallon on Sunday, June 14 – the first time since mid-April, according to data from fuel analytics firm GasBuddy. The decline followed President Donald Trump’s announcement late Sunday that a peace deal with Iran had been secured, sending crude oil […]
06/15/2026
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By Garrison Vance
Frozen Assets and Fierce Rhetoric: Iran’s MOU with US Faces Israeli Sabotage and Globalist Obstacles
Iranian Foreign Minister Announces Asset Release Iranian Foreign Minister Abbas Araghchi said Friday that frozen Iranian assets will be released after a memorandum of understanding (MOU) is signed between the United States and Iran. According to Araghchi, speaking to state broadcaster IRIB, the deal includes an economic plan that will unblock significant financial resources for […]
06/12/2026
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By Garrison Vance
Global Economic Drag From US-Iran Conflict Extends Beyond Energy, Analysts Say
When the US-Iran conflict escalated earlier this year, immediate concerns centered on oil prices and the Strait of Hormuz, but the real danger was never confined to crude oil, according to an analysis published by Antiwar.com. The crisis has evolved into a broader energy, logistics, fertilizer, food and financial shock that is becoming a structural […]
06/10/2026
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By Garrison Vance
U.S. Business Lobby Chief Says Additional Russia Sanctions Would Be Ineffective
Imposing additional sanctions on Russia will not help resolve the Ukraine conflict, according to Robert Agee, president and CEO of the American Chamber of Commerce in Russia (AmCham Russia). Speaking on the sidelines of the St. Petersburg International Economic Forum 2026 (SPIEF 2026) on June 5, Agee argued that sanctions have failed to produce results […]
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