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Brent crude drops 4% as Iranian and Omani negotiators agree on temporary arrangement for shipping through waterway
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The fast-food giant replaced its president of U.S. operations, aiming to bring "focus and urgency" to a revamp of its outlets.
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First Thing: Trump chastises oil companies for ‘making too much money' from his Iran war The GuardianOil companies are profiting from the US-Iran war. That's a political headache for Trump CNNTrump demands Exxon and Chevron cut gas prices after war-driven profit surge qz.comTrump says Exxon and Chevron made 'too much money
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Iran demands inbound control of Hormuz and outbound oversight, source says ReutersAn Emerging Deal Could Cement Iran's Control of Strait of Hormuz The New York TimesTrump offers Iran ‘last chance' deal as repeated pauses fail to end war Fox NewsAug 2-3, 2026 — Trump calls Iranian leadership ‘unbelievably duplicitous' after Tehran denies talks resumed cnn.com
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Spokane wildfire arson suspect had prior manslaughter conviction; blazes leave some residents with nothing CBS NewsMan in custody for allegedly starting Old Trails Fire KREMSheriff: Spokane arson suspect in custody BBCVisualizing the wildfires in Washington and Oregon, in maps and satellite imagery cnn.comMan charged in Washington state with starting largest wildfire in the area The Guardian
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Live updates: Iran aiming to control a new Strait of Hormuz route, amid uncertainty over US talks CNNStatus of US-Iran talks uncertain as ship struck in Hormuz ReutersTrump Tells Iran He Wants a Deal on Hormuz Agreed Imminently Bloomberg.comAug 2-3, 2026 — Trump calls Iranian leadership ‘unbelievably duplicitous' after Tehran denies talks resumed CNNTrump warns Iran talks are ‘last chance
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Michigan votes in key Senate primary as Democrats battle over party's future The GuardianInside the Spending of AIPAC, One of the U.S.'s Largest Super PACs The New York TimesLive updates: Primary elections in Michigan, Virginia, Kansas and more cnn.comSocialist insurgents eye Midwest gains as Dem civil war threatens must-hold Senate seat Fox News
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Higher oil prices propelled a quarterly earnings jump for Saudi Arabia's energy giant, which used pipelines to work around disruptions in the Strait of Hormuz.
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