Oil Steadies as Trump Reiterates Preference for Deal with Iran
Original Report
Oil steadied as US President Donald Trump said his preference was for a nuclear deal with Iran before talks this week, though he warned of consequences if an agreement wasn’t reached.
Glass House Analysis
Energy prices affect virtually every aspect of daily life—from commuting costs to heating bills to the price of groceries (which must be transported). For working families, energy represents one of the most volatile and impactful line items in their budgets. Energy policy decisions ripple through the economy, affecting everything from manufacturing competitiveness to household financial stress.
The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.
Enjoyed this analysis?
Get the Glass House Briefing every morning—market news that actually makes sense, delivered free to your inbox.
No spam. Unsubscribe anytime.
More Stories
India May Buy Dollars for Reserves Should Rupee Gain, Citi Says
India’s central bank is likely to start buying dollars to bolster its foreign-exchange reserves once the rupee strengthens to around 88—89 per dollar, according to Citigroup Inc.’s local markets head.
China leaves benchmark lending rates unchanged as Beijing signals tolerance for stronger yuan
China's central bank kept its benchmark lending rates unchanged as Beijing manages a balancing act of supporting a slowing economy while maintaining currency stability.
‘I found out too late’: My stepmother cheated me out of $500K from my father’s estate. What can I do?
“Within a week or two after the deadline to contest the will expired, my stepmother sent me an email stating she would not share anything.”
Dimon Sees Parallel to Pre-Crisis Era as Rivals Do ‘Dumb Things’
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon, asked about fierce competition across the financial industry, said he’s starting to see parallels to the era before the 2008 financial...