Market News and Commentary June 26

Oil Surges Above $70 After State Dept Orders Crude Buyers To Cut Iranian Imports To Zero. Court upholds Trump travel ban, rejects discrimination claim. U.S. consumer confidence slips, house price gains slow. Treasury Secretary Mnuchin says investment restrictions will apply to ‘all countries that are trying to steal our technology.’ Trump warns Harley-Davidson of ‘big tax’ for moving production abroad. Apple starts building iPhone 6S in India to lower costs. Largest U.S. nail manufacturer ‘on the brink of extinction’ because of the steel tariffs.

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