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UNCOVERED: 163 | History Defined

US launches third night of strikes on Iran as Trump announces Hormuz blockade

American president says ships will be charged for safe passage through strait in apparent policy reversal

The Guardian - UK

McConnell's absence could jeopardize Republicans' defense spending agenda as the Iran war escalates

The Trump administration has asked Congress for an additional $350 billion in defense funds amid the reignited Iran war.

Fortune

Cotton Closes Mixed on Monday

Cotton futures were mixed to start the week, with contracts down 9 to 10 points higher. Crude oil was up $6.54 on the day following increased tensions with the US and Iran. The US dollar index was up $0.325. Monday afternoon’s Crop Progress showed 60% of the US cotton crop...

Barchart

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FACT FOCUS: A look at US and Iranian claims of control over the Strait of Hormuz

A focal point of the Iran war is increasingly about who controls the Strait of Hormuz — a waterway that for decades was a relatively safe transit route for Middle East oil and natural gas supplies

The Independent UK

US military death toll in Iran war rises to 14 after Navy pilot death this month

The U.S. military’s official tally of deaths in the Iran war has risen to 14 service members, with the death of a Navy pilot in a helicopter crash in early July in the Arabian Sea

The Independent UK

Keir Starmer speaks out on Strait of Hormuz attacks as Trump threatens 20% tolls

Sir Keir made his remarks after the US president claimed charging a fee on cargo for use of the Gulf channel was a “matter of fairness” to cover the cost of providing security

The Independent UK

Did Lindsey Graham Push Trump Toward War?

Plus: Trump's escalating war with Iran, the bipartisan congressional housing bill, and Graham Platner's campaign collapse

Reason

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Starmer calls for restriction-free Strait of Hormuz as Trump threatens tolls

The move by the US president to slap a charge on vessels using the sea route is branded ‘economic extortion’ by critics.

Evening Standard

Morning Mail: Trump to reinstate Iran blockade, Hollywood hails Sam Neill, and sextortion on the rise

Online watchdog says young men most likely to be targeted in growing problem; Steven Spielberg and Nicole Kidman remember ‘one of the greats’

The Guardian - AU

Stocks Settle Lower as Chipmakers Routed and US-Iran Tensions Escalate

The S&P 500 Index ($SPX ) (SPY ) on Monday closed down -0.79%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.26%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.88%. September E-mini S&P futures (ESU26 ) fell -0.79%, and September E-mini Nasdaq futures...

Barchart

Wall Street Poised For Strong Q2 Earnings As SpaceX IPO, Market Volatility Drive Growth

JPMorgan, Goldman Sachs and other big banks are poised for strong Q2 earnings, fueled by the SpaceX IPO, Iran war-driven market volatility and a recovery in commercial lending.

International Business Times

White House reacts to ‘Iran War Participation Trophy’ on National Mall mocking Trump

IN FULL

The Independent UK

Stocks Down, US-Iran War Action Up: Stock Market Today

A big week for incoming earnings, inflation and interest rate data and commentary begins with another sell-off in South Korea and a refreshed energy shock.

Kiplinger

US stocks today: US stocks end lower as Iran tensions dampen risk appetite; chipmakers drop

Tech stocks dragged Wall Street lower as escalating US Iran tensions and a renewed blockade lifted oil prices and dented risk appetite. Nasdaq led losses amid chip stock weakness, while energy shares supported the Dow. Investors now await Fed Chair Warsh testimony, inflation data and big bank earnings for directional…

The Economic Times

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International Business Times

The U.S. And Iran Are Escalating Clashes Again. Stocks Dropped And Oil Soared Almost 10%

Stocks dropped on Monday as tensions between the U.S. and Israel flare up again.

International Business Times UK

UN Shipping Agency Says There Is 'No Legal Basis' for Trump's Hormuz Toll Plan

The UN's maritime agency has rejected Donald Trump's proposal to charge a 20% fee for vessels passing through the Strait of Hormuz, citing no legal basis for tolls on international waterways.

Barchart

Dollar Rises with Crude Prices and Bond Yields

The dollar index (DXY00 ) rose by +0.29% on Monday. The dollar found support Monday on some safe-haven demand from escalating hostilities in the Middle East after the US and Iran traded attacks over the weekend. Also, Monday's stock market weakness boosted liquidity demand for the dollar. In addition, Monday's...

The Times of India

Middle East crisis: US to resume naval blockade of Iranian ports, warns vessels of interception

The United States will restart enforcing a maritime blockade on Iran from Tuesday. This action targets all vessels entering or leaving Iranian ports and coastal areas. American forces will enforce the blockade against vessels transiting to or from Iranian ports. Commercial mariners have been advised to monitor official navigation notices…

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The Independent UK

Iran mercilessly mocks Trump’s proposed 20% Strait of Hormuz toll, accusing US of overcharging

IN FULL

The Independent UK

Wild Lindsey Graham death theories explode online after his sudden passing

Sen. Lindsey Graham’s unexpected death on Saturday night fueled baseless speculation on social media that his passing was the result of a criminal action

Barchart

Crude Oil Prices Sharply Higher on Escalation of US-Iran Hostilities

August WTI crude oil (CLQ26 ) on Monday closed up +6.73 (+9.42%), and August RBOB gasoline (RBQ26 ) closed up +0.1817 (+6.09%). Crude oil and gasoline prices surged on Monday, with crude posting a 3.5-week high and gasoline posting a 5-week high. Crude prices soared amid an escalation of US-Iran...

The Independent UK

A new statue trolling Trump and his war with Iran has appeared on the DC National Mall

The trophy comes from the same group of anonymous artists who put a statue of Trump and Jeffrey Epstein on the National Mall last year

Roll Call

Trump informs Congress of renewed military action against Iran

The Trump administration formally notified Congress that military activities against Iran resumed last week, renewing questions about the administration’s obligation to seek congressional approval for a war that began in February. The notification, which the 1973 War Powers Resolution requires be sent to congressional leaders within 48 hours of military…

The Guardian - UK

Israel sets October date for first elections since Hamas attacks in 2023

Vote will allow Israelis to pass judgment on Benjamin Netanyahu and his handling of conflicts in Gaza and Iran

Bangkok Post

It's a shame the US and Iran can't both lose

The last time oil tankers were being shot up in the Persian Gulf, back in the 1980s, it was Saddam Hussein's brutal tyranny in Iraq versus Ayatollah Khomeini's revolutionary Islamist regime in Iran, and people used to say, "It's a shame that both sides can't lose."

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