Dan Schwartzman

And oil climbing today after the U.S.

and Iran failed to agree on those terms to end their war.

Senior analyst Salih Yilmaz with Bloomberg Intelligence.

Salih Yilmaz is with Bloomberg Intelligence.

President Trump voicing support for a gasoline tax holiday to counter rising prices at the pump.

Trump telling reporters he'll seek to suspend the federal 18.4 cents a gallon tax on gasoline, quote, until it's appropriate, though it's unclear how much of the tax cut would reach consumers at the pump.

Here's Bloomberg Intelligence Senior U.S.

Policy Analyst Nathan Dean.

And we essentially got a big yawn from the energy teams.

That's Bloomberg Intelligence Senior U.S.

Policy Analyst Nathan Dean.

Pausing the gasoline tax would require an act of Congress.

The U.S.

Strategic Petroleum Reserve awarded 53.3 million barrels to companies, including Traffic Europe Group and Marathon Petroleum, to help tame surging prices.

The oil will be released between June and August when refiners crank up as gasoline demand peaks.

And it is part of a global effort led by the International Energy Agency to lower global oil prices.

Kevin Warsh's nomination to the Federal Reserve Board of Governors on Monday cleared the first in a series of Senate votes planned this week to install him as chair of the U.S.

Central Bank.

The Senate voted 49 to 44 on Monday evening to advance Warsh through a procedural obstacle, setting up a vote Tuesday to confirm him to the Fed board.

A separate Senate vote confirming Warsh to succeed Jerome Powell as chairman of the board is expected later in the week.