Fed Raises Interest Rates, Iran War and Oil Prices, EU-Canada Alliance

The Fed raised rates to cool down inflation and signaled one more hike this year.

The Fed is independent and should stay in its lane, with nothing to say about the president. Inflation is too high and has been for too long, justifying the rate hike.

The spike in prices is leading to protests in Syria, the Philippines, Indonesia, and other countries.

The war in Iran has pushed up the cost of gasoline and diesel at historic highs.

Saudi Arabia's oil output fell to around 6.2 million barrels a day last month from 11 million before the war. A 750-mile pipeline was hit by drones from Iraq, forcing it to shut down.

A UN investigative body says there are reasonable grounds to believe the U.S. committed war crimes in airstrikes on Iran.

A Saudi official confirmed a meeting between the U.S. and Houthis in Oman over the weekend.

They would not attack U.S. or Israeli vessels in the Red Sea, focusing only on Saudi oil tankers.

Ursula von der Leyen proposed making Canada the first associate member of the EU.

The move is not against anyone, but clearly had the Trump administration in mind.

Trump called Canada joining the EU laughable but threatened heavy additional tariffs if interpreted as a hostile act.

Europe's sovereignty is not negotiable.