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Axios

Oil prices hit highest level since Iran war's start

Oil prices hit highest level since Iran war's start
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Oil prices reached their highest levels overnight since the Iran war began, with Brent crude topping $126 per barrel before pulling back on Thursday morning. Why it matters: The jump will keep sending U.S. gasoline prices higher — and shows the market reacting to the possibility of a long stalemate that keeps the Strait of Hormuz throttled. Traders are also likely weighing potential military esca

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Janet Mills drops out of Maine Senate race, clearing way for Platner
Axios

Janet Mills drops out of Maine Senate race, clearing way for Platner

Maine Gov. Janet Mills suspended her Senate campaign on Thursday, acknowledging she lacked the financial resources to win. Why it matters: Senate Minority Leader Chuck Schumer (D-N.Y.) worked hard to convince Mills to jump into the race. But she was outraised and outpolled by progressive insurgent Graham Platner. Mills' exit — five weeks before Maine's June 9 primary — gives Democrats an opportunity to focus their time and energy on defeating five-term GOP Sen. Susan Collins. "I very simply do

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