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Live Updates: Trump says U.S. has "total control" over Strait of Hormuz and might "keep it" cbsnews.comStrait of Hormuz ship traffic near three-month low as U.S.-Iran deal in doubt CNBCAugust 11, 2026 - Middle East conflict latest CNNIran-backed Houthi threat in Red Sea could lead to major US policy shift, analysts say
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The Trump administration claims oil is flowing normally again. There's just one problem CNNHormuz closure squeezes global economy as oil demand destruction intensifies, IEA says cnbc.comUS Sees Iran War Oil Supply Disruptions Lasting Through 2027 Bloomberg.comHormuz Standoff Derails Oil Supply Recovery and Deepens Demand Slump, IEA Says WSJ
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Mike Lindell refuses to concede in Minnesota primary despite getting far fewer votes The GuardianMinnesota House Speaker Wins G.O.P. Nomination for Governor The New York TimesLindell hits snooze on primary loss; progressive steam stalls The HillElection denier Mike Lindell denies own double-digit loss in Minnesota GOP governor primary Democracy Docket
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Tech leaders say AI will drive down costs. But slow corporate adoption and the data center build-out create inflation pressures that complicate the Fed's job.
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The deal follows years of global automotive supply chain issues for GM and other companies.
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