Keep pulling the thread on Threatens New Blockade.
Oil prices jumped above $80 a barrel after President Donald Trump announced that a tentative ceasefire with Iran was over.
President Donald Trump warned that oil prices could rise further as his administration considers additional strikes in Iran, potentially including the key export hub of Kharg Island.
President Donald Trump stated that the United States may reinstate a blockade that would only apply to Iran.
Iran and the United States have a fundamental difference in how they interpret the text of their recent MOU regarding control over the Strait of Hormuz.
Iran fired on two ships in the Strait of Hormuz because they were attempting to circumvent Iranian control by sailing closer to Oman.
The Federal Open Market Committee noted in its minutes that AI is "notably inflationary."
Kalshi raised $1 billion at a $22 billion valuation in May.
Bank of America recently provided a $520 million credit line to OpenAI after previously declining the company's request.
OpenAI now has access to an undrawn credit line totaling over $5 billion.
Bank of America is making a strategic pivot to finance more AI-sector companies to avoid missing out on major IPOs and other capital markets business.
OpenAI is preparing to widely release its most advanced model tomorrow.
The US government has lifted restrictions on OpenAI's platform, according to Axios.