The Treaty The Strike That Killed Khamenei Was Supposed to End This War Fast — Nearly Five Months Later, Trump Has No Good Options Left Nearly five months after the strike that killed Ali Khamenei, Trump's Iran war grinds on — the June ceasefire has collapsed and Washington is... Stephen SilverJuly 17, 2026
Dollars and Sense America Has a Problem at the Pump: It Pumps More Oil Than Any Nation on Earth but Still Pays a Price Set by the War With Iran Gas prices are climbing again as renewed US-Iran strikes slow Strait of Hormuz traffic to a near stop. America produces more crude than any... Steve BalestrieriJuly 17, 2026
Dollars and Sense The Mid-June Ceasefire Gave American Drivers a Month of Falling Gas Prices — and the War’s Return Is Taking It All Back Brent hit $85.06 and WTI $79.88 as oil posted a 12 percent week, its biggest since April, with Hormuz transits collapsing to 13 ships... Stephen SilverJuly 17, 2026
Dollars and Sense The Gulf States Are Racing to Build Their Way Around Iran’s Grip on Hormuz — Pipeline by Pipeline, Toward Ports Outside the Strait The UAE is doubling its Fujairah pipeline capacity, Saudi Arabia is expanding its Red Sea line, and Iraq is reviving Basra-Haditha — all to... Caleb LarsonJuly 17, 2026
Dollars and Sense The World Has More Crude Oil Than It Can Use — and Still Can’t Make Enough Gasoline, Diesel, and Jet Fuel to Go Around The world isn't short of oil — it's short of refineries, and two wars are why cheap crude won't mean cheap gas anytime soon. Caleb LarsonJuly 17, 2026
Military Hardware: Tanks, Bombers, Submarines and More Washington Says Hormuz Belongs to the World, Tehran Says Half Is Theirs — and Oman Just Said Nobody Should Control It at All Day six of the renewed war brought expanded US strikes across Iran and wider Iranian attacks on America's Gulf partners — with only a... Brandon WeichertJuly 16, 2026
Dollars and Sense Europe Just Froze Its Russian Oil Price Cap for Another Week — and the Iran War Could Now Hand Putin an Automatic Windfall A European intelligence report seen by Reuters warns Russia faces an 'explosive' banking crisis that one ambitious sanctions package could trigger — as the... Stephen SilverJuly 16, 2026
Dollars and Sense Before the War, Roughly 140 Ships a Day Moved Through the Strait of Hormuz — Now the Count Is Down to Maybe a Dozen Commercial transits through the Strait of Hormuz have fallen to near-zero since fighting resumed — from roughly 140 ships daily before the war to... Brandon WeichertJuly 16, 2026
Military Hardware: Tanks, Bombers, Submarines and More The Iran Ceasefire Effectively Handed Tehran Control of Hormuz — Washington Realized It, Reversed Course, and the Deal Died in 18 Days The Washington–Tehran MoU effectively ceded Hormuz control to Iran — so Trump forced ships onto the Omani route, and the deal collapsed in 18... Brandon WeichertJuly 16, 2026