The U.S. naval blockade on Iran is already crushing its economy, and efforts to divert shipments over land are not providing much relief. Before the war, more than 80% of Iran’s trade tonnage transited by sea via southern ports, but that’s been closed off. U.S. Central Command said Sunday, it has redirected 109 commercial vessels
Two decades after the housing boom reshaped, then tanked, the U.S. economy, the AI boom is similarly transforming the drivers of growth. Hyperscalers have poured so much money into building as much AI infrastructure as possible—and as quickly as possible—that investment from a handful of companies is expected to reach $1 trillion a year soon.
The 10-year Treasury yield topped 5% this past week, hitting the highest level since 2007 and blowing way past forecasts for borrowing costs over the next decade. According to the Congressional Budget Office’s most recent long-term outlook issued in February—before the Iran war spiked oil prices and inflation views—the benchmark yield was seen at 4.1%
Saudi Arabia warned of a “hostile aerial threat” and issued a string of emergency alerts across the kingdom overnight, including the first alert in its capital since an escalation in fighting with Iran-backed rebels in neighboring Yemen. Meanwhile, Iran’s state TV said a man was executed after being convicted on charges of spying for Israel. Israeli strikes killed
A volcanologist working at the U.S. Geological Survey, Ezra Yacob made a career-defining leap in 2005 when he joined Houston oil producer EOG Resources and its geoscience team at the beginning of the shale revolution. “It was this real acknowledgment that we’re opening up a new frontier in petroleum exploration,” Yacob said at a Hart
“NAZA,” the acclaimed and controversial documentary about killings in Gaza, has set a distribution rollout for U.S. theaters starting Sept. 30 via an innovative plan that forgoes selling the film to a studio or independent distributor. The rollout, which kicks off exclusively at the IFC Center in New York City, is “spearheaded by The Guardian
