Business News for English Learners

Gas prices in the US fell on June 18. The price went to $3.99 per gallon. This is the first time in three months. The US and Iran made a deal. After the deal, eleven oil ships left Iran. The ships carried a lot of oil.

SpaceX is Elon Musk's rocket company. It sold its shares to the public. People paid $135 for each share. The company got $75 billion. This is the biggest sale ever. SpaceX makes rockets. It also runs Starlink.

Amazon is now America's biggest company. Walmart was first for 13 years. Now Amazon sells more. Amazon made $716.9 billion in 2025. Walmart made $713.2 billion. Amazon and Walmart are very different.

Oil prices fell on Friday. The US and Iran may end the war. Brent oil could drop 20% this month. That is a big drop. Gas in the US is cheaper now too. The war started on 28 February. The US and Israel attacked Iran.

SpaceX is a rocket company. Elon Musk owns it. On Wednesday, the company filed papers. It wants to sell shares to the public. The papers show Musk wants a city on Mars. SpaceX wants to put people on the Moon and Mars.

The US Senate picked Kevin Warsh. He is the new head of the US Federal Reserve. The Federal Reserve sets interest rates. Powell will leave on Friday. Warsh takes his job. President Donald Trump chose Warsh for the job.

Shell is a big oil company. Shell made $6.9 billion in three months. This is more than last year. Oil prices went up. The Iran war made prices high. Oil cost $73 a barrel before the war. Now it is about $101.

The United Arab Emirates is called UAE. The UAE sells oil. It is part of an oil group called OPEC. The UAE will leave OPEC on 1 May 2026. The UAE was in OPEC for 60 years. The UAE was not happy in OPEC.

Gas is very expensive in America now. A war makes oil cost more. The average price is more than $4 per gallon. In California, gas costs almost $6. Some places charge $8 for one gallon. This is a very big oil problem.