Axios

Even with the makings of a deal to end the Iran war, gas and airfare will take longer to return to pre-war levels — if they ever do.

Why it matters: Americans are feeling pain at the pump and on travel booking sites, frustrating President Trump as the midterms draw near.

A "heat dome" is forecast to bring dangerously high temperatures to much of the eastern half of the U.S. next week.

• The extreme heat could last through July 4 celebrations.

Driving the news: "Widespread temperatures into the 90s to low 100s, combined with high humidity, will result in heat indices approaching or exceeding 105-110 in many places," NOAA forecasters write.

• "Overnight lows will also be quite warm, with some record high minimums possible, bringing little to no relief from the heat in the nighttime hours."

Zoom in: Cities from Minneapolis and Chicago to Nashville and Atlanta will be under extreme heat risk next week, NOAA says.

• Such conditions affect "anyone without cooling/hydration as well as health systems, industries, and infrastructure."

🥵 Meanwhile: The heat wave baking Europe this week wouldn't be possible without climate change, a World Weather Attribution rapid study found.

For the first time, Uber drivers see charging access as a greater barrier to going electric than vehicle costs, a 13-country survey shows.

Why it matters: Public and residential infrastructure are persistent hurdles for the ride-hailing giant, which is behind on its electric vehicle targets.

• But its annual survey has bright spots, with drivers' concerns about EV prices consistently dropping.

New data underscores just how dominant Amazon, Google and Microsoft are when it comes to data centers in North America.

Why it matters: The data gives us a sharper understanding of the dominance by the top operators — including the three that have launched efforts to justify their water use.

New June temperature records were set in the U.K. and France this week as a deadly heat wave grips much of Europe.

Why it matters: A new World Weather Attribution analysis found human-caused climate change made this week's extreme heat "virtually impossible" 50 years ago.

Polestar, the Chinese-owned electric vehicle company, is withdrawing from the U.S. market after the U.S. Commerce department banned its high-tech cars, citing national security concerns.

The big picture: It's the latest sign of a new, fractured era in the auto industry. After decades of globalization, the industry is splintering into regional markets and supply chains, driven by geopolitics and the rise of low-cost, high-tech competition from China.

Private equity firm Bain Capital has agreed to buy a 51% stake in marine engine maker Everllence from Volkswagen for $8.4 billion.

Why it matters: Everllence is a hidden giant in the global supply chain, claiming to power over half of all seagoing trade.

President Trump's attempt to strike a deal with Iran was supposed to quickly cut U.S. gasoline prices. It's a slower process than he might like.

Why it matters: American anger over gas prices has hammered Trump's approval rating on the economy, imperiling GOP control of Congress.

Water is fast becoming one of the defining fights around the AI buildout.

Why it matters: After spending much of the past year defending data centers' electricity demands, major tech companies driving the AI boom are increasingly making the case that their water use is manageable too.

The war-driven spike in gas prices has caused "financial hardship" for about two-thirds of American households, per survey data from Gallup out Thursday.

Why it matters: Although it's becoming clear that the rise in oil prices wasn't a huge hit to the overall U.S. economy, high prices at the pump certainly slammed people in the pocketbook.