Story thread · 2 reports / 2 sources

U.S. Diesel Prices Under Trump Surpass Biden-Era Average

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Current conditions: South Korea’s heat wave has killed at least 16 people after the southeastern city of Yangsan recorded an all-time national temperature high of nearly 109 degrees Fahrenheit • Washington authorities arrested a man suspected of arson as the Pacific Northwest state struggles to contain wildfires around Spokane • Typhoon Dolphin intensified into a Category 4 storm as it barrels toward southern Japan, where the ongoing heat wave has killed three female lions at a Tokyo zoo. THE TOP FIVE 1. Trump’s Treasury chief teases a Hormuz deal as U.S. diesel prices top Biden-era averages The United States could reach a deal with Iran as early as today to reopen the Strait of Hormuz to commercial shipping, Treasury Secretary Scott Bessent said. When asked during a Tuesday appearance on CNBC whether the agreement would allow Tehran to charge a toll to oil tankers, Bessent said the pact would include “freedom of movement.” The announcement came as President Donald Trump faced a partic

First report: US diesel prices overtake Biden-era average in blow to Trump — ft.com, 7d