Iran Tanker Attacks Drive Oil Three Percent Higher as the US Revokes the Waiver
Revoking the oil-sales waiver and the ceasefire collapse are one event — military and energy-market conditions reset together, and Hormuz remains at one-third transit.
Economy
USTR Opens a Section 301 Hearing on Tariffs Replacing the Expiring Baseline
Section 122 tariffs expire July 24; if Section 301 is not finalized by July 20, the global tariff baseline loses its legal basis for three days — today's hearing is where importers contest the rates.
Big Beautiful Bill SNAP Cuts Leave Four Million Without Food Aid
One year in: 4 million off SNAP, ACA premiums up 58%, $51 billion in corporate tax breaks for four companies — the CBO bottom-quintile receipt shows a 4% resource fall by 2033.
EU Goods Enter at 15 Percent While 46 Nations Await the Section 301 Ruling
The EU ceiling is 15% with no stacking; the 46-nation Section 301 floor is 12.5% before steel duties add on top — your supplier's country now determines your household cost.
Russia's Banks Near Crisis as the EU Prepares Ninety More Sanctions
European intelligence puts Russia's non-performing loan rate at the 10% crisis threshold with GDP growth at 0.4%; the EU's 21st sanctions package is the economic arm of Ankara week.
AI Data Centers Push PJM Capacity Costs to a Record Ceiling
Data centers drove 63% of PJM's record $329/MW-day capacity price; ratepayers across 13 states started paying $1.4 billion more in June — the household bill is the receipt.