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Oil Extends Gain as Oman-Iran Accord on Hormuz Remains Elusive

Oil extended gains as Iran and Oman remained short of a deal to reopen the Strait of Hormuz, while Houthi militants claimed an attack on a Saudi refinery near the Red Sea.

We haven't written up this one. Financial Post has the full story — the link below goes straight to it.

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Why Trump’s Waiver of the Jones Act Is Unlikely To Lower Gas Prices

U.S. President Donald Trump is weighing another suspension of the Jones Act as gasoline prices above $4 a gallon threaten to become a liability for Republicans heading into the midterm elections.

  • Trump considers reinstating Jones Act waiver to lower gas prices.
  • First waiver in March showed little impact on gasoline prices.
  • Shipping costs are a small portion of overall gas price.

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