Global Energy Markets Brace for Volatility as Strait of Hormuz Traffic Plummets The global energy sector faces a critical supply risk as military hostilities between the United States and Iran have caused a sharp decline in tanker transit through the Strait of Hormuz. According to data from trade intelligence firm Kpler, daily vessel traffic dropped … Read more
The Trump administration is moving to assert federal control over the distribution of advanced artificial intelligence models, shifting power away from private labs. According to sources familiar with the matter, the White House is implementing a new clearinghouse program called “Gold Eagle” to vet and approve which companies and entities gain access to frontier AI … Read more
The U.S. government has imposed 25% tariffs on most imports from Brazil starting July 22, following a yearlong investigation into unfair trade practices. The action, taken under Section 301 of the Trade Act of 1974, follows the collapse of negotiations between the Trump administration and President Luiz Inacio Lula da Silva’s government. U.S. Trade Representative … Read more
New York Governor Kathy Hochul has signed an executive order establishing a one-year moratorium on the construction of new large-scale data centers that require 50 megawatts or more of power. The policy, intended to protect local utility ratepayers and stabilize the state’s energy grid, makes New York the first state in the U.S. to impose … Read more
President Donald Trump announced Friday that he will not sign the 21st Century ROAD to Housing Act, a bipartisan housing affordability bill passed by Congress last month. The president is withholding his signature in protest of the U.S. Senate’s failure to pass the SAVE America Act, a legislative measure intended to restrict non-citizen voting. Despite … Read more
Ukrainian drone strikes on Russian oil refineries and fuel transport ships have triggered domestic gasoline shortages across Russia, forcing long queues at petrol stations. According to reports from CNBC and regional observers, these targeted attacks on energy infrastructure—ranging from facilities in Moscow and St. Petersburg to refineries as far as Omsk—are straining the Kremlin’s fuel … Read more
The Federal Reserve has launched an artificial intelligence task force, to evaluate how emerging technologies influence economic policy and long-term productivity. The committee, which includes venture capitalist Marc Andreessen, economist Charles I. The Fed’s AI Task Force Composition Chairman Kevin Warsh personally selected the members of the AI task force, a group characterized by a … Read more
Ukrainian long-range drone strikes have hit an oil refinery in Omsk, Russia, marking a significant escalation in the conflict. According to reports following a July 6, 2026, social media video, the attack highlights Ukraine’s improved ability to target energy infrastructure up to 2,500 kilometers from its borders. How are drone strikes changing the war? Ukraine’s … Read more
The Trump administration is tempering its demands for immediate interest rate cuts as inflation climbed to 4.1% in May, according to Bureau of Economic Analysis data. This shift grants newly installed Federal Reserve Chairman Kevin Warsh a political grace period to manage economic volatility, though the White House maintains that its long-term goal remains lower … Read more
Anthropic has formally accused Alibaba of conducting a massive, unauthorized “distillation attack” to extract proprietary artificial intelligence capabilities. According to a letter sent to the U.S. Senate Committee on Banking, Housing, and Urban Affairs, the Chinese tech firm allegedly used 25,000 fraudulent accounts to execute 28.8 million exchanges with Anthropic’s models between April 22 and … Read more