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Iran says the Strait of Hormuz is shut down. The Trump administration says 9 million barrels a day are still getting out | Fortune 0
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- August 15, 2026
The U.S. and Iran remain deadlocked over reopening the Strait of Hormuz as each side tries to see how long the other can hold out, and signs of significant oil flows out of the Persian Gulf indicate President Donald Trump is betting he has additional leeway. In the past week, the administration has pushed back
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A small Texas company’s bid to create a Greenland oil boom—and a Dr. Phil documentary—is delayed but undaunted | Fortune 0
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- August 14, 2026
Amid the tensions spurred by President Donald Trump’s proclaimed desire to annex Greenland, one Texas driller made plans to create an oil boom along the Danish territory’s sparsely populated east coast. But those aspirations are now facing repeated delays in the face of regulatory and community pushback. The first test well was slated to be
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Trump’s tariff was a $1,000 tax on you last year. This year, maybe you’ll get a small refund in your bank account | Fortune 0
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- August 13, 2026
If you bought something from an overseas vendor last year, it might be time to check your bank account. Shippers including FedEx and UPS that acted as customs brokers for imported packages and received tariff refunds from the U.S. government have started to pass on those refunds to the customers that originally paid the tariffs. The refunds
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The White House Is Going to Expand Its AI Policy 0
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- August 12, 2026
White House officials are almost certain to revise the Trump administration’s new artificial intelligence guidelines and expand its oversight of AI models, according to people familiar with the matter. The White House announced this month that it had developed an AI framework, where the most powerful models created by US labs would be tested for
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Nearly a dozen firms are already paying up to $100,000 per month for early access Trump’s Truth Social posts | Fortune 0
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- August 12, 2026
More Wall Street customers are signing up for a Trump Media & Technology Group service that allows earlier access to new Truth Social posts, a feature some economists are calling a form of insider trading. Trump Media, founded by President Donald Trump in 2021, announced more than 10 customers have signed up for Truth API,
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Iran wants a mafia-style ‘protection’ toll on the Strait of Hormuz, but the eye-popping $20 billion per year haul is a pipe dream | Fortune 0
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- August 12, 2026
Iran’s hardline demand for a Strait of Hormuz fee system would generate close to $20 billion a year, but such astronomical tolls won’t be accepted by the U.S. or Iran’s Gulf neighbors, geopolitical and energy analysts say. That means the ongoing stalemate will drag on indefinitely or Iran will eventually accept a lesser, but still
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