The Iran War Pumps Up Oil and Gas Profits. Tax Them
Canada could use the money to fund public services and support the most vulnerable.

Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. Iran is set to receive broad financial incentives as part of its agreement with the US, including the right to sell oil immediately, tap a $300 billion development fund and get eventual access to its frozen assets, according to a final draft of the deal seen by Bloomberg. Federal Reserve policymakers are expected to hold interest rates steady on Wednesday, posing an early test for new chairman Kevin Warsh as rising inflation erodes households’ purchasing power and President Donald Trump continues to press for lower borrowing costs. Today's guest: Maurice Levy, Publicis Chairman Emeritus & VivaTech Founder. (Source: Bloomberg)
Canada could use the money to fund public services and support the most vulnerable.
Iran would be allowed to start oil exports immediately under an interim deal with the US and gain access to a $300 billion economic development program following negotiations for a permanent peace that’s meant to address Tehran’s nuclear activities, according to a draft of their agreement.
"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Senator Elizabeth Warren (D-MA), says she is optimistic Congress can pass bipartisan housing legislation and get it to President Trump's desk. Senator Ron Johnson (R-WI), says he has not seen the full Iran memorandum of understanding and remains skeptical Tehran can be trusted, while arguing the US should keep monitoring Iran and retain the option of further strikes if it moves toward its nuclear program. (Source: Bloomberg)
World leaders gathered at this week’s Group of Seven meeting in France see Europe and the US converging in the view that Ukraine’s position is getting stronger, according to officials who asked not to be named as the discussions are private. "Russia should make a deal,” President Donald Trump told reporters Tuesday after having held brief discussions with Ukraine President Volodymyr Zelenskyy earlier in the day. Bloomberg's Oliver Crook reports from Evian. (Source: Bloomberg)
Lt. Gov. Burt Jones lost the Republican runoff for governor to the health care executive Rick Jackson despite the president’s endorsement. Mr. Trump’s picks won in other races.
Georgia Republicans dealt a blow to President Trump on Tuesday, bucking his preferred pick, Lt. Gov. Burt Jones (R), for healthcare executive and billionaire Rick Jackson in the Peach State’s gubernatorial primary. Jackson defeated Jones by single digits in the Republican gubernatorial runoff — marking the second time one of Trump’s endorsees in a major statewide…
The president is obsessed with the spectacle of power - and has little concern for anything else.