U.S. Gas Prices Remain High Ahead of Midterms Despite Trump's Pledge
As the U.S. midterm elections approach, Americans continue to wait for relief from high gas prices that remain above $4 per gallon despite President Donald Trump’s pledge not to attack Iran before voters cast their ballots. Prediction market traders on Kalshi are skeptical, pricing in an over 80% chance of sustained elevated fuel costs through November. Meanwhile, the U.S. Treasury has sanctioned 17 Iran-linked tankers as part of efforts to pressure Tehran's economy during its ongoing war with Israel. In financial markets, OpenAI reported annualized revenue of about $50 billion—well below previous estimates of $68 billion—which caused a drop in shares for AI-related stocks like Nvidia and Oracle. Despite the underwhelming report, S&P 500 futures remained nearly flat as traders digested broader economic signals. The Trump administration also took action against Big Tech by suspending Microsoft, Adobe, and six IT firms from a green card labor program aimed at hiring foreign workers.
Tickers: $ADBE $MSFT $NVDA $ORCL
Topics: Gas Prices Iran Midterms OpenAI Revenue Tech Stocks Trump