
The former US representative was also fined more than $71,000 for allegedly attempting to manipulate the prediction market.
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George Santos is a former US Representative who has faced various legal and ethical controversies. Kalshi is a regulated prediction market platform.
George Santos Just Got Hit With Kalshi’s First-Ever Lifetime Ban
The former US representative was also fined more than $71,000 for allegedly attempting to manipulate the prediction market.

Crude oil prices jumped 3-4.7% as traders monitor the closure of Saudi Arabia's East-West pipeline following a drone attack. Regional instability, including protests in Libya and ongoing maritime tensions in the Strait of Hormuz, continues to drive market volatility.

German fuel prices rose sharply on September 15, with E10 gasoline increasing by €0.20 per liter at noon to reach €3.03 in southern Berlin, sparking public anger and highlighting rural dependence on cars. Chancellor Friedrich Merz promised imminent action but cited ongoing coalition talks, while Deputy Government Spokesperson Steffen Meyer attributed price hikes to Middle East conflicts. The government previously introduced a fuel rebate from May to June 2026 but ruled it out due to budget constraints. The SPD advocates for a fuel price cap financed by an excess profit tax on energy companies, while the AfD seeks to abolish the CO₂ tax and reduce VAT on fuel. Regional elections in Mecklenburg-Western Pomerania on September 20 show AfD leading at 38% versus SPD at 34%. The Federal Finance Ministry plans to push for an EU-level excess profits tax at a meeting in Dublin, supported by Spain and Poland.

The 10-year Treasury yield reached its highest level since 2007 at 5.041% on Tuesday. Rising oil prices due to the Iran conflict and expectations of a Federal Reserve interest rate hike are driving market volatility and inflation concerns.

Crude oil prices rose Tuesday as traders awaited updates on the closure of Saudi Arabia's East-West pipeline following a drone attack. Brent crude futures gained 2.3% to $108.15 per barrel, while WTI rose 2.6% to $104.06.

Treasury Secretary Scott Bessent will testify before the House Financial Services Committee, highlighting the Iran war's economic impact and rising wages, while facing scrutiny over inflation, debt, and gas prices.

Norway's sovereign wealth fund plans to cut its $215 billion US bond holdings by $80 billion amid rising global anxiety over soaring US national debt exceeding $40 trillion and surging Treasury yields.