The Market Sold Off on Good News and That Is the Story
Stocks sank and oil dipped after Trump extended the Iran deadline — because the market has stopped believing the resolution path exists.
Hendrik Van Der Berg
Bureau: Brussels
Oil Closed at $101 on Friday
Brent settled at $101.40 on Friday — down from $103.08 on Wednesday, confirming the market's loss of confidence in the resolution path.
Gas Hit $4.22 and It Has Not Stopped Climbing
The national average hit $4.22 per gallon — up 36 percent in five weeks — the steepest one-month increase since the 2022 Russia-Ukraine spike.
The EU Called Iran's Conditions Unacceptable
Brussels rejected Iran's five-point counter-proposal as 'unacceptable preconditions' — Europe aligned with Washington's silence through explicit rejection.
War Costs Have Reached $63 Billion
The UN's regional cost estimate for the Iran war reached $63 billion — a number that includes military spending, infrastructure damage, trade disruption, and humanitarian aid.
Tariffs Survived the Supreme Court
The Court declined to hear challenges to the administration's tariff authority — the trade policy regime is now legally settled for this term.