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Trump Threatens Iran; Fed Holds Rates Over Oil Risks

7/30/2026

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Story summary
  • After Iran fired missiles at a U.S. base, President Donald Trump vowed to “beat the f—ing s— out of” Iran.
  • Brent crude rose to about $91 per barrel on Wednesday, still below last week’s pre-ceasefire high of $101.
  • U.S. gasoline averaged about $4.09 per gallon on Wednesday, per AAA.
  • The Federal Reserve (Fed) kept rates unchanged for a fifth meeting amid worries the Iran-U.S. tension could spark an energy-price shock.