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Iran warns of military ship ban in Hormuz under potential deal with Oman, and other Middle East news AP NewsIran warns of military ship ban in Strait of Hormuz under potential deal with Oman Spectrum NewsNavigation, jurisdiction, costs: Iran, Oman attempt to hammer out Hormuz deal France 24Strait of Hormuz deal inches closer as oil prices dip; US commits to Tehran sanctions Fox News
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What leaders can learn from Mark Carney's approach to trade negotiations with Trump Business InsiderWiped out: US faces surging toilet paper prices amid trade war with Canada The GuardianFACT FOCUS: Could Canada leave US cities in the dark as part of the trade war? Not likely AP NewsOpinion | The Ludicrous Argument Behind Trump's Tariffs The New York TimesTrump: 'Time to teach Canada you can't do this anymore' Reuters
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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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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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The cost of the fuel, used in farm machinery, trucks and other heavy equipment, has surged because of the war in Iran and Ukrainian attacks on Russian refineries.
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Also in this newsletter: Nvidia employee charged in Taiwan with smuggling chips into China and Canada announces $20bn retaliatory tariffs
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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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Beijing says it will take ‘all necessary measures' if Washington expands crackdown on business with Tehran
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The stern warning underscores Tehran's resolve to retain control over the Strait of Hormuz and to resist transits that bypass its authorization.
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