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72 Ships Transited Hormuz In A Day: US Energy Secretary Says 'Taking Away' Iran's Key Leverage WTI futures briefly fell below $70 a barrel for the first time since the US-Iran conflict erupted, as tanker flows through the Strait of Hormuz are showing further signs of normalization and physical market tightness continues to ease. Bloomberg noted that option markets are positioning for ongoing normalization. Put volume is exceeding calls, with some of the heaviest trading in August and September expiries between $60 and $68. The September $60 strike put is one...

IRS Employees Caught Snooping Through Tax Records Of Public Figures, Watchdog Finds Authored by AG News Staff via American Greatness, An internal investigation has uncovered widespread failures at the Internal Revenue Service after dozens of employees were flagged for suspiciously accessing confidential taxpayer records, including those belonging to government officials, business leaders and entertainers. A report released Tuesday by the Treasury Inspector General for Tax Administration (TIGTA) identified 86 suspicious instances involving 52 IRS employees accessing the records of 30 taxpayers between 2022 and 2025. The findings raise fresh concerns about taxpayer privacy,...

UAE Pushes For Hormuz Security Force, While Turkey Argues Against Gulf Entry Into War It's one of those things that sounds nice on paper, but when missiles and drones are inbound, no one is going to want to be on a military ship sitting in the middle of the Strait of Hormuz: the United Arab Emirates, which has been among the hardest-impacted Gulf states in Iran's ongoing retaliation, is pressing for a multinational maritime ​taskforce to reopen vital oil transit waterway, the Financial Times reports ‌Friday. The UAE, with a navy that's not...