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A ferry fire in the Philippines has killed at least five people, with dozens still missing as rescue efforts continue.  Donald Trump promised $5,000 "dividends" to Americans if the Republican party wins the midterm elections.  Brent crude surpassed $100 a barrel following escalations between Iran and the United States.

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Most contested
WATCH: Trump promises $5,000 'dividend' for Americans if GOP wins midterms

Donald Trump’s promise of a $5,000 "dividend" for Americans echoes Franklin D. Roosevelt’s Depression-era direct payments, yet lacks crucial detail regarding funding and economic impact. The Congressional Budget Office estimates such a payout would cost, raising serious questions about feasibility given the current national debt. This proposal departs significantly from modern political practice and demands scrutiny regarding its practical implications. —The Lens

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Closest to sourceEvolving
Brent crude surpasses $100 a barrel as Iran, US escalate attacks

While the escalation between Iran and the United States is driving immediate market speculation and pushing Brent crude above $100 a barrel, the current price surge is also influenced by recent shifts in supply. Saudi Arabia’s substantial production increase barrels per day last quarter suggests the market’s reaction may not mirror the immediate, drastic price jumps seen after the 1979 Iranian revolution, where oil production fell by less than 10 percent yet prices…

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