Dan Schwartzman

The United Arab Emirates has carried out military strikes on Iran, that's according to a report from the Wall Street Journal.

The strikes, which the UAE has not publicly acknowledged, have included an attack on a refinery on Iran's Lavan Island in the Persian Gulf.

That attack took place in early April, around the time President Trump was announcing a ceasefire in the war after a five-week air campaign and sparked a large fire knocked much of its capacity offline for months.

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.

That's Bloomberg Intelligence Senior U.S.

Policy Analyst Nathan Dean.

Pausing the gasoline tax would require an act of Congress.

President Trump is expected to press Chinese President Xi Jinping over China's approach to Iran and hammer out details on a new border trade when they meet this week in Beijing.

And the White House is inviting executives from large companies to accompany President Trump on his trip to China.

And White House Deputy Press Secretary Anna Kelly tells Fox News that aerospace, energy and agriculture deals can be expected to come from President Trump's meeting with Chinese President Xi Jinping.

The Trump administration asked the U.S.

Trade Court to pause a ruling that declared the president's latest 10 percent global tariffs unlawful while the government appeals.

In a two-to-one decision last week, a U.S.