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Freight rates remain at record highs while oil prices fall back on talks between Iran and Oman to reopen the Strait of Hormuz
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Wiped out: US faces surging toilet paper prices amid trade war with Canada The GuardianHow U.S.-Canada Tariff Negotiations Turned Into an All-Out Trade War The New York Times‘Captain Canada' firebrand unloads on Trump with profane one-liner as trade war escalates Fox NewsThe Canadian Bad Cop on the Front Lines of the U.S. Trade War WSJ
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Bill Gates warns ‘there is no plan' for the ‘upheaval' AI will cause CNBCBill Gates Is Warning That A.I. Is More Dangerous Than Big Tech Will Admit The New York TimesWhy we need ‘Human Reserved' jobs, says Bill Gates—and how we can combat the worst of the AI upheaval CNBCBill Gates was an AI optimist. Now he's scared of what could go wrong. The Washington Post
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Rubio tells allies U.S. shifting from strikes to sanctions on Iran AxiosTrump's new economic squeeze on Iran has a big challenge: China KSATU.S. ‘Economic D-Day' Targets More Than Just Iranian Oil The New York TimesOpinion | I was a U.S. diplomat for 20 years. Now I see how the Iran war could be won. The Washington PostChina hits out at 'illegal' new US sanctions on Iran and trading partners BBC
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Canada announced new tariffs of up to 50 percent on hundreds of American goods in retaliation for U.S. tariffs that took effect last week. Starting Sept. 8, Canada will double tariffs on American steel and aluminum to 50 percent and impose tariffs on around 700 other products.
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AI could unlock $230 billion for oil and gas and OFSE companies. The challenge is where to concentrate, how to scale, and how to share value when efficiency reduces the activity that many contracts reward.
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