Trump proposes 20% toll on cargo through Strait of Hormuz; restarts Iran blockade
The Strait of Hormuz is a major oil shipping route and the epicenter of the U.S. and Israel's ongoing war with Iran.

The Strait of Hormuz is a major oil shipping route and the epicenter of the U.S. and Israel's ongoing war with Iran.
The death of Sen. Lindsey Graham ignited a scramble among South Carolina Republicans to prepare for a special primary election to replace him on the GOP ticket.
Trump's lawsuit against the IRS was settled by the Justice Department with an agreement to create a $1.8 billion "lawfare" fund that has since been scrapped.
Trump said he will make a "Speech to the Nation on Thursday evening, at 9 P.M. Eastern," without providing further details.
Fast casual chain Chipotle announced Monday that it is opening its first location in Mexico in the Monterrey area.
The security situation in Hormuz has deteriorated since Iran attacked multiple commercial ships transiting the strait over the past week.
A group of states, including California, filed a lawsuit to block the merger between Paramount and Warner Bros. Discovery.
Economy is one of the most important categories in CNBC’s annual America’s Top States for Business rankings. Several states stand out for economic strength.
Economy is a key category in CNBC’s America’s Top States for Business study, and some states stand out for the wrong reasons.
The Fed governor said inflation has expanded beyond the often-cited drivers such as the energy price spike in tariffs.
Federal bank regulators issued guidance Monday seeking to curb mortgages, auto loans and other consumer credit to immigrants without U.S. work authorization.
SpaceX went public a month ago in a record IPO. Elon Musk's space and AI company was added to the Nasdaq-100 last week.
Chances of a rate hike in July by the Federal Reserve rose as oil prices jumped on the latest developments in the Strait of Hormuz.
Options traders are striking a decidedly bullish tone heading into the streaming giant's earnings on Thursday.
The Senate Banking Committee approved the bill 15-9 in May, with two Democrats joining Republicans to advance the legislation.
Big banks are set to report booming Q2 revenue as the SpaceX IPO, Iran war volatility and a rebound in commercial lending fuel Wall Street's "sweet spot."
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
Meta said the planned Hyperion data center supercluster in Richland Parish, Louisiana, will be a 5GW facility and cost more than $50 billion.
The platform is designed to alleviate problems the company's most active traders have run into, according to a memo provided to CNBC.
In the eight-plus months since Amazon announced its most expansive job cuts ever, laid off workers have been thrust into an increasingly saturated labor market.
South Carolina Republican Sen. Lindsey Graham died unexpectedly at 71.
Sam Altman insisted that Elon Musk was again obsessed with him because of an OpenAI model release earlier this week.
AI may either prompt some older workers to leave their jobs or help make their roles more efficient, research finds. Here's which careers may be most affected.
Ahead of its second-quarter earnings, TSMC reported its June and first-half revenue for 2026.