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Since the US and Israel launched military action against Iran six months ago, gasoline and diesel prices have risen in at least 145 countries and territories, adding to the financial burden on consumers worldwide. The largest increase was in Myanmar, where 95-octane gasoline jumped 56%.
President Donald Trump announced a temporary suspension of higher beef import tariffs on up to 300,000 tons of ground beef for 90 days, aiming to cut consumer prices. He did not specify the countries or companies involved, but a White House official said an executive order would be signed within two weeks.
President Donald Trump claimed on social media that 'oil is flowing,' 'the stock market is booming, jobs are at record levels, and prices are coming down.' But real data shows a more mixed economic picture. While gas prices have eased from their peak, they remain well above pre-war levels, and inflation is running at 4.2% — the fastest in three years. Job growth has slowed sharply compared to the previous administration, and layoffs are rising.
