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Business & Markets — June 25, 2026

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Oil prices erase all wartime gains. Tankers stranded in the Persian Gulf for months have begun transiting the Strait of Hormuz, easing global supply fears and pushing crude prices back to pre-conflict levels.

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Fed stress tests clear all 32 large U.S. banks. The Fed found every major bank could absorb $708 billion in hypothetical losses, prompting JPMorgan to announce a $50 billion buyback and Goldman Sachs to raise its dividend.

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Amazon commits $13 billion more to India. The additional investment, targeting AI and cloud infrastructure by 2030, brings Amazon’s total India commitment to $48 billion.

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Chevron CFO says gas prices will normalize. The executive cited the Hormuz reopening as the key driver, after Trump ordered a Big Oil price-gouging investigation as pump prices remained elevated despite falling crude costs.

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