UK Prime Minister Starmer said those decisions make it possible to increase defense spending.

1. Nominates Secretary of Labor – US President Trump nominated Keith E. Sonderling as the permanent Secretary of the US Department of Labor. 2. Warns Gasoline Retailers to Cut Prices Immediately – US President Trump stated that gasoline retailers must immediately lower prices. He argued that current gasoline prices are too high, given that crude oil prices have fallen to $68 per barrel and continue to decline. 3. Suspends Tariffs on Some Moroccan Fertilizers – The White House authorized the suspension of certain tariffs on phosphate fertilizer imports from Morocco. 4. Announces US-Iran Doha Talks US President Trump stated that the US and Iran will hold talks today (June 30) in Doha, the capital of Qatar. Trump said that US representatives "may have already departed or are preparing to depart," and that the talks "may be important or not," but the US has "winn the military battle," adding that "oil prices have come down, and Iran has agreed not to possess nuclear weapons." 5. SpaceX to Donate Stock to "Trump Account" —According to Semafor, a US financial media outlet, a source familiar with the matter revealed that the Trump administration has communicated with SpaceX (SPCX.O) regarding donating stock to a children's savings account called the "Trump Account," which is expected to launch next week. The report states that any donation would solidify the ongoing reconciliation process between Elon Musk and Trump. 6. Strengthening Communication and Election Preparation—The White House is temporarily appointing several long-time Trump advisors to strengthen communication and election preparation in response to the risk that the Republican Party may lose control of Congress in the 2026 midterm elections. 7. Action to be Taken Regarding Federal Reserve Governor Cook's Qualification —US President Trump: The Supreme Court remanded the lawsuit regarding Federal Reserve Governor Cook's qualification to a lower court solely on procedural grounds. We will take immediate and appropriate action to ensure that those who have committed misconduct do not continue to make decisions on matters of vital importance to the well-being of the United States. 8. "Carroll v. Carol" Appeal Rejected – The U.S. Supreme Court on June 29 rejected President Trump's appeal, refusing to overturn the verdict in the sexual assault and defamation case against author Carol Carroll. 9. Lawsuit Against Tightening Medicaid Democrats from 25 states and the District of Columbia jointly filed a lawsuit against the Trump administration on June 29, demanding a halt to a new Medicaid rule issued earlier this month, arguing that the rule would prevent many eligible individuals from accessing necessary healthcare. 10. Authorized to Fire Federal Trade Commission Member The U.S. Supreme Court on June 29 ruled that Trump has the authority to dismiss Federal Trade Commission Commissioner Rebecca Slott. Trump stated on social media that the ruling "significantly" increases the president's power to dismiss federal agency officials. 11. Shortening Public Comment Period for Fossil Fuel Drilling The Trump administration is attempting to shorten the public comment period for fossil fuel leases on federal land, while shifting the financial risks of cleanup efforts to taxpayers and allowing more emissions of pollutants contributing to global warming. 12. Escalating Energy Production Dispute – The Trump administration plans to assess the performance of the California Coastal Commission, the latest escalation in the dispute between California Democratic leaders and the federal government over energy production. 13. Setback in Challenge to Mail-in Ballots The U.S. Supreme Court ruled that federal law allows mail-in ballots to be delivered after Election Day, meaning the grace period for mail-in ballots in all 30 states will be retained. This ruling represents a rare victory for Democrats on the conservative-majority Supreme Court. Trump has long opposed mail-in voting, claiming it leads to widespread fraud. 14. To Ride on the New Air Force One The White House announced on June 29 that President Trump will travel to North Dakota this Wednesday aboard the new Air Force One, a gift from Qatar, to attend events commemorating the 250th anniversary of American independence.

At the close, NYMEX August light sweet crude (WTI) rose $1.52 to $70.75/bbl, up 2.2%. ICE Brent August delivery rose $1.16 to $73.15/bbl, up 1.61%.