Americans could soon see higher gas prices as escalating tensions in the Middle East threaten a critical global oil choke point, raising fears of supply disruptions that could quickly reverberate across U.S. energy markets. After joint U.S.–Israeli strikes, dubbed Operation Epic Fury, targeted Iranian sites over the weekend and killed Iran’s Supreme Leader Ayatollah Ali Khamenei, concerns quickly shifted to how Tehran might respond and whether oil infrastructure...

Traders on prediction market platform Kalshi are signaling growing confidence that Texas Attorney General Ken Paxton and Democratic state Rep. James Talarico are on track to secure their parties’ Senate nominations. The Texas primary election is scheduled for Tuesday, with voting opening in the morning and results expected later that night or early Wednesday. Kalshi’s market data shows traders assigning Talarico a 75% probability of securing the Democratic...