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Story summary
- President Donald Trump said a Iran peace deal could be signed this weekend.
- The news lifted the Dow Jones about 930 points, the Nasdaq 2.5%, and Brent crude to $89, leading analysts to forecast a $0.35–$0.40 per-gallon pump cut by July 2026.
- Federal Reserve (Fed) meeting on June 16–17 may hold rates steady if oil stays low, which could hurt Exxon Mobil, Chevron and ConocoPhillips shares while boosting airlines stocks.
