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Oil prices fell after President Donald Trump said the war on Iran was effectively over.
A U.S. inflation report due Tuesday will offer the first nationwide snapshot of prices since the midterm elections. The United States is set to skip its human rights review at the United Nations, the first country to refuse the process fully. Australia will require AI companies to report certain safety incidents and allow independent evaluation of their models.
Key Developments
- California voters rejected a proposed one-time tax of five percent on billionaires’ net worth.
- The United States Department of Agriculture proposed a SNAP eligibility change that it estimates could affect 6.3 million people.
- The United States moved refueling aircraft from a British air base to Germany and Spain, but officials did not confirm a reported link to an Iranian threat.
- M. John Harrison won the 2026 Booker Prize for The End of Everything, becoming the oldest winner in the award’s history.
- Three contract workers died after inhaling gas while inspecting a tank at a Tata Electronics plant in India.
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