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Expert: Oil Could Go to $120 Barrel as Equity Markets Fall
Leading experts say oil prices will continue to rise due to instability in the Middle East in the wake of Israel's war on Iran - with a dramatic escalation in prices if the Straits of Hormuz are closed.

Leading experts say oil prices will continue to rise due to instability in the Middle East in the wake of Israel's war on Iran — with a dramatic escalation in prices if the Straits of Hormuz are closed.

Already Israel has targeted key Iranian energy facilities, including the Shahran fuel and gas depot, the Shahr Rey oil refinery, and parts of the South Pars gas field.

Trump Organization Unveils Self-Branded Mobile Phone Network

The Trump Organization launched a self-branded mobile service and a $499 smartphone Monday, dubbed Trump Mobile, signaling a new effort to court conservative consumers with a wireless service positioned as an alternative to major telecom providers.

The new mobile venture will include call centers based in the United States and phones made in America, the organization said.

"We are going to be introducing an entire package of products where people can come and they can get telemedicine on their phones for one flat monthly fee, roadside assistance on their cars, unlimited texting to 100 countries around the world," said the president's eldest son, Donald Trump Jr., announcing the product at Trump Tower in New York.

The Trump family, long known for its real estate empire, luxury hotels, and golf resorts, has in recent years ventured into newer arenas including digital media and cryptocurrency.

The Trump Organization, which is the main holding entity for most of the U.S. president's business ventures, said ahead of Trump's inauguration that control of the company would be handed to his children, replicating the arrangement from his first term, though concerns about potential conflicts of interest remain.

A website that went live after the announcement included details of the new Trump-branded smartphone that will be available from September, and a $47.45 a month subscription plan to the new network.

DTTM Operations — the entity managing President Trump's trademarks — has filed applications to use his name and the term "T1" for telecom-related services.

The filings, submitted Thursday to the U.S. Patent and Trademark Office, cover mobile phones, accessories like cases and chargers, wireless telephone services, and possibly even retail stores.

The smartphone industry in the United States is among the most saturated and competitive in the world, with leading global players Apple and Samsung dominating the market.

More than 60 million smartphones are purchased annually by American consumers, but nearly all of these devices are manufactured abroad — primarily in China, South Korea, and increasingly in India and Vietnam.

Despite the strength of U.S.-based tech brands, there is no significant domestic smartphone production infrastructure, largely due to high labor costs, supply chain complexity, and reliance on overseas component sourcing.

The U.S. mobile network market is dominated by three national carriers: Verizon, AT&T, and T-Mobile, which together control over 95% of the wireless market. These companies operate massive, capital-intensive infrastructures and offer bundled services to tens of millions of subscribers.

Israel Claims Air Superiority Over Tehran; Iran Attack Kills 5 in Israel
Iran launched new missile attacks on Israel early Monday, killing at least five, while Israel claimed air superiority over Tehran.

Iran fired a new wave of missile attacks on Israel early Monday, killing at least five people, while Israel claimed it had achieved air superiority over Tehran and could fly over the Iranian capital without facing major threats.

On the fourth day of the conflict, the Israeli military said it had destroyed more than 120 surface-to-surface missile launchers in central Iran, a third of Iran’s total. It also said fighter jets had struck 10 command centers in Tehran belonging to Iran’s Quds Force, an elite arm of its Islamic Revolutionary Guard Corps that conducts military and intelligence operations outside Iran.

“At this time, we can say that we have achieved full aerial superiority over Tehran’s skies,” said military spokesperson Brig. Gen. Effie Defrin. Israeli strikes “amount to a deep and comprehensive blow to the Iranian threat.”

Iran, meanwhile, announced it had launched some 100 missiles and vowed further retaliation for sweeping attacks on its military and nuclear infrastructure that have killed at least 224 people in the country since Friday.

One missile fell near the American consulate in Tel Aviv, with its blast waves causing minor damage, U.S. Ambassador Mike Huckabee said on X. He added that no American personnel were injured.

Israel said so far 24 people have been killed and more than 500 injured as Iran launched more than 370 missiles and hundreds of drones.

The latest conflict began when Israel launched an assault on Iran’s top military leaders, uranium enrichment sites and nuclear scientists that it said was necessary to prevent its longtime adversary from getting any closer to building an atomic weapon.

Iran maintains that its nuclear program is peaceful, and the U.S. and others have assessed that Tehran has not pursued a nuclear weapon since 2003. But the head of the International Atomic Energy Agency has repeatedly warned that the country has enough enriched uranium to make several nuclear bombs if it chooses to do so.

Iran has retaliated by firing waves of ballistic missiles at Israel. The back-and-forth has raised concerns about all-out war between the countries and propelled the region, already on edge, into even greater upheaval.