Trump Cancels Signing of Housing Bill; Cost of Global Oil Benchmark Hits Iran War Low

President Donald Trump on Wednesday canceled a planned signing of bipartisan legislation aimed at speeding up the construction and availability of more affordable housing. "Today’s Housing News Conference and Signing is hereby cancelled until such time as we pass the desperately needed SAVE AMERICA ACT, which I consider to be a National Emergency," Trump said in a post on Truth Social.

Brent crude oil has reached its lowest price since the Iran war began. The global benchmark dipped below $76 a barrel early Wednesday. It’s still higher than before the conflict started on Feb. 28, but lower than the closing price on any trading day after that. West Texas Intermediate is fluctuating near a similar milestone.