Spain and France wildfires force more than 300,000 to flee as Macron calls crisis meeting

The impact of a gigantic wildfire ravaging France's Bordeaux region and Spain has been like a "clap of thunder" for the local economy, a minister said.
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Why it mattersEnergy markets are pricing in reduced geopolitical risk if both Iran and the U.S. sustain a mutual de-escalation, which affects gas prices and inflation dynamics for American consumers and businesses.
Oil prices fell after Iran reportedly said it would suspend attacks as long as a U.S. pause in hostilities remains in place.

Why it mattersOil prices fell after Iran reportedly said it would suspend attacks as long as a U.S. pause in hostilities remains in place.

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Why it mattersU.S. Treasury yields dipped Monday after the U.S.
U.S. Treasury yields dipped Monday after the U.S. and Iran paused hostilities, driving oil prices lower.