American oil refiner, marketer, and transporter based in Findlay, Ohio
A growing class-action suit accuses major gas retailers of using Kalibrate's AI pricing to coordinate higher gas prices across more than 1,700 California stations. The suit cites six-cent average increases, up to 30 cents in dense Kalibrate usage areas, and potential billions in annual driver costs.
The US and Iran have exchanged fresh strikes this weekend and on Monday, reversing a recent interim ceasefire and re‑opening doubt over control of the Strait of Hormuz. President Donald Trump has declared the ceasefire "over," ordered further strikes and revoked a temporary oil waiver. Oil has jumped into the high $70s–$80s and global markets have fallen.
Oil majors have reported bumper profits for Q2 as volatility from Iran-related tensions sustains high crude prices. Executives say they are boosting reliability and refining where needed while returning cash to shareholders. Trump has criticized profits and urged lower prices at the pump.
July payrolls have declined while the unemployment rate has fallen. Private payrolls rose, but government jobs and labor-force participation have weakened. Markets react as traders reassess the path for Federal Reserve policy.