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Trump Announces Dividend
- President Donald Trump announced at Dallas convention a $5,000 dividend for American if Republicans keep Congress after the November 2026 election.
- Brent crude rose past $100 a barrel as Iran-Israel conflict disrupted Hormuz and Red Sea shipping, and strategic reserve fell below 300 million barrels.
- Analysts say the dividend would cost $1.2 trillion, far exceeding projected tariff revenues.
- White House officials said they are no longer pursuing a settlement with Iran.
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