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U.S. President Donald Trump talks to reporters upon his arrival at Morristown Municipal Airport in Morristown, New Jersey, U.S., June 20, 2025.

Ken Cedeno | Reuters

President Donald Trump on Monday demanded that “everyone” keep oil prices down or they would play “into the hands of the enemy,” as the conflict in the Middle East escalates following U.S. strikes on Iran.

“EVERYONE, KEEP OIL PRICES DOWN. I’M WATCHING! YOU’RE PLAYING RIGHT INTO THE HANDS OF THE ENEMY. DON’T DO IT!,” the president said in a post on his social media platform Truth Social.

U.S. crude oil was down 75 cents, or 1.02%, to $73.09 per barrel in the wake of Trump’s post. Global benchmark Brent fell 73 cents, or 0.95%, to $76.28 per barrel.

Trump’s message comes after the U.S. bombed Iran’s key nuclear sites over the weekend, putting the world on edge that the Islamic Republic might target energy supplies in the Middle East and cause a spike in global oil prices.

It wasn’t clear who specifically Trump was speaking to in his post, though he was likely addressing the U.S. oil industry. Some oil companies had warned earlier in the year that they might have to cut production after prices tumbled to multiyear lows on Trump’s tariffs and OPEC+ boosting supply.

“To The Department of Energy: DRILL, BABY, DRILL!!! And I mean NOW!!!,” Trump said in a subsequent post on Monday. Oil production decisions in the U.S. are made by private companies in response to market dynamics. The Energy Department does not drill for oil.

The oil market has been largely unfazed by the U.S. attacks on Iran’s nuclear facilities, with futures trading largely flat through much of Monday morning. Brent had jumped more than 5% on Sunday evening to crack $81 before easing. WTI also reached its highest levels since January before pulling back.

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These are the EVs that lose the least range in extreme heat

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These are the EVs that lose the least range in extreme heat

With much of the US sweltering under a record-breaking heat dome, many EV buyers and owners are left wondering how their favorite electric cars perform in extreme summer temperatures. A new study tracking over 29,700 electric cars in real-world conditions provides the answers, and we’re sharing them here: these are the EVs that handle the summer heat best.

The EV leasing and subscription specialists Recurrent Auto have had tens of thousands of new and used EVs in their database over the years, giving them a massive dataset to analyze and draw conclusions from. So when they published their findings about which EVs had the best range in 90- and 100-degree weather, it was required reading for any would-be EV expert.

“Most of the country has a heat advisory right now, so we’re fielding lots of questions about EV batteries in extreme heat,” reads the intro to the Recurrent report. “Here’s the deal … electric cars work perfectly fine in hot weather. Range loss at 90F (32C) is minimal. Less than 5% change.”

Like many real-world aspects of EV ownership and longevity, that seems a lot better than what most people – or even most analysts would likely tell you. So, what gives?

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“When temperatures pass 100F (37C), range impacts can be 17-18%,” they continue, “but these reductions are temporary while the AC is working to keep passengers cool … we advise that owners and dealerships avoid letting an EV sit with extremely low states of charge in this heat. An EV uses its battery power to keep the battery cool.”

The infographic


EV range table; via Recurrent Auto.

Recurrent’s findings put the Audi e-tron in the top spot, followed closely by recent JD Power favorites BMW i4 and Rivian R1S, all of which reportedly lose less than 3% of their range, even at an absolutely blistering 100°F.

To put those percentages into some easier to digest numbers (and fix the fact that Recurrent’s infographic makes it look, to my eyes, like you can’t drive a Nissan Ariya or Chevy Blazer at 100+ degrees), I’ve done the math, starting with the EV’s EPA-rated range under “ideal” conditions, then translated that using the percentages from Recurrent.

Would I bet my family’s safety and convenience on this rough-and-tumble chart while planning my next road trip? Absolutely not – go download Chargeway for that. Would I do the math because it’s a fun mental exercise that’s going to generate fun comments? Absolutely.

Check out the math, below, and if you see an EV you like in there click on the link in the table to go find a great local deal on a hot weather ready electric car near you. Links to Rivian and Tesla dealers weren’t included because they don’t have dealers.

EV range in extreme heat


SOURCES: Recurrent Auto, via LinkedIn; featured image via Audi.


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CNBC Daily Open: The strange times of missiles-led ‘peace’

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CNBC Daily Open: The strange times of missiles-led 'peace'

US President Donald Trump (L) greets Secretary of Defense Pete Hegseth as he arrives to address troops at the Al-Udeid air base southwest of Doha on May 15, 2025.

Brendan Smialowski | Afp | Getty Images

It’s a strange thought that launching attacks on other countries could lead to peace, but that seems to be the logic behind the abrupt escalation in conflict in the Middle East beginning Saturday. And now there’s talk of a ceasefire soon.

Here’s a quick recap.  

On Saturday, U.S. President Donald Trump authorized air strikes on Iranian nuclear sites, pushing America into Israel’s war with Tehran.

On Sunday, Iran’s Foreign Minister Abbas Araghchi said Tehran “reserves all options to defend its sovereignty, interest, and people.”

On Monday, Iran launched a retaliatory strike against America, targeting a U.S. military base in Qatar.

And on Monday evening stateside, Trump announced a ceasefire.

Trump said on Truth Social that Israel and Iran had agreed to a “Complete and Total CEASEFIRE” that will, in effect mark “an Official END to THE 12 DAY WAR” — which began when Israel attacked Iran on June 12.

There are signs this isn’t the usual empty rhetoric. Iran gave the U.S. “early notice” of its attack on the military base in Qatar, according to Trump. It was a “retaliation that was expected,” Republican House Speaker Mike Johnson said.

Qatar also received advanced warning from Iran, according to The New York Times, which cited three Iranian officials familiar with the matter. Iran’s national security council said its missile strike “posed no threat whatsoever to our friendly and brotherly nation, Qatar, or its honorable people.”

This, essentially, is “the peace through strength strategy,” Helima Croft, head of global commodity strategy at RBC Capital Markets, told CNBC.

In other words, there’s a small chance tensions in the Middle East might cool down following a carefully calibrated and symbolic exchange of strikes that projects strength from all parties, while also providing Iran an off-ramp to de-escalate tension.

Judging by the U.S. stock and oil markets — which rose and fell, respectively — investors are indeed hopeful the strategy of missile-led peace would work.

What you need to know today

Trump announces an Israel-Iran ceasefire
U.S. President Donald Trump 
announced on Truth Social that Israel and Iran had agreed to a “Complete and Total CEASEFIRE” that will begin around midnight Tuesday stateside. However, neither Iran nor Israel has publicly confirmed they have accepted Trump’s ceasefire timeline. Read CNBC’s live coverage of the latest developments on the Israel-Iran war here.

Iran strikes U.S. military base in Qatar
Iran on Monday launched what its armed forces called a “powerful and destructive missile strike on the United States’ Al-Udeid military base in Qatar.” The Al-Udeid Air Base is the largest American military installation in the Middle East, with around 10,000 service members. Qatar’s Defense Ministry said its air defense had intercepted the missile attack on Al-Udeid, and that there were no reported deaths or injuries.

Prices of oil post a huge drop
Oil prices fell sharply Monday after Iran’s strike on Qatar had no reported casualties. U.S. crude oil fell 7.22%, to close at $68.51 per barrel, while global benchmark Brent shed 7.18% to $71.48 during U.S. trading. Trump on Monday demanded that “everyone” keep oil prices down or they would play “into the hands of the enemy.” Trump didn’t specify who he was referring to, but he seemed to be addressing U.S. oil producers.

Markets in U.S. rise on de-escalation hopes
U.S. stocks rose Monday as investors seemed hopeful of de-escalation in the Israel-Iran war. The S&P 500 climbed 0.96%, the Dow Jones Industrial Average added 0.89% and the Nasdaq Composite gained 0.94%. Tesla shares popped 8.2% after the company launched its robotaxis in Austin, Texas, on Sunday— but regulators are looking into reports of robotaxis driving erratically. Europe’s Stoxx 600 index fell 0.28%.

[PRO] Wall Street’s thoughts on robotaxis
Wall Street closely watched Tesla’s robotaxi launch in Texas over the weekend. Analyst outlooks on the event vary widely. While Wedbush’s Dan Ives, who rode in the robotaxis over the weekend, said it “exceeded our expectations,” Guggenheim’s Ronald Jewsikow called the event “baby steps.” Here’s what analysts think about what the robotaxis mean for Tesla’s stock.

And finally…

An Airbus A350-941 commercial jet, operated by Emirates Airline, at the Paris Air Show in Paris, France, on Monday, June 16, 2025.

Matthieu Rondel | Bloomberg | Getty Images

Airlines divert, cancel more Middle East flights after Iran attacks U.S. military base

Airlines diverted more Middle East flights on Monday after Iran’s armed forces said the country launched a missile strike on a U.S. military base in Qatar, as the region’s military conflict continued to disrupt airlines’ operations.

Dubai-based Emirates said that some of its aircraft rerouted on Monday and told customers that delays or longer flights were possible as it would take “flight paths well distanced from conflict areas,” while operating its schedule as planned.

Air India said it had halted all flights in and out of the region and to and from the east coast of North America and Europe “until further notice.”

Earlier, major international airlines including Air France, Iberia, Finnair and others announced they would pause or further postpone a resumption of service to some destinations in the Middle East.

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Octopus Energy’s Texas power bill plan is compellingly simple

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Octopus Energy's Texas power bill plan is compellingly simple

Time-of-use electricity plans are hardly a new concept, but what makes Octopus Energy’s new time-of-use plan, OctopusFlex, great is that it’s ridiculously simple.

It rewards its customers in Lubbock, Texas, for using power between 10 pm and 6 am with cheaper rates, when the grid is quieter and cleaner. That means big savings for choosing to run your dishwasher or washer and dryer at night or charging your EV while you sleep.

And if customers use EV charger apps and smart thermostats, OctopusFlex automatically shifts electricity use to off-peak hours, which makes a real difference in accessing lower rates and saving money.

“This is about more than off-peak discounts,” said Nick Chaset, CEO of Octopus Energy US. “We’re giving customers the power to save money while actively supporting a cleaner, more balanced grid.”

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Built around customer feedback, OctopusFlex is designed for total transparency. Customers can see exactly how and when they’re using electricity, what it’s costing them, and no connected devices are required. All they have to do is remember that electricity is cheaper from 10 pm to 6am.

“We’re thrilled to launch OctopusFlex, a plan our customers asked for and helped name,” said Katie Rosario, marketing manager. “With OctopusFlex, customers can shift energy use on their terms to save money.”

And in the summer, when solar power is strong and demand shifts, OctopusFlex customers could see low rates not just overnight, but all day long. (This program is designed for folks who don’t have solar and battery storage.)

“Time-of-use is one of the easiest ways to cut energy bills and reward flexibility,” said Daniel Kirwin, product manager. “We couldn’t be more excited to bring this to Texas.”

By nudging demand to off-peak hours, OctopusFlex helps reduce the strain on Texas’ grid during scorching summer afternoons, cuts the risk of blackouts, and makes room for more renewable energy.

Want to make the most of it? Pre-cool your home in the early morning, run big appliances overnight, charge your EV after 10 pm, and use smart plugs or timers to set and forget.

OctopusFlex is now live in Lubbock, Texas, where Octopus Energy became a retail provider in early 2024. Octopus Energy launched in 2016 and entered the US market in 2020. The company is part of Octopus Group, a global certified BCorp operating in 18 countries.

Read more: This Texas EV lease company includes unlimited free home charging


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