Technology
'Backwards and Poor': Trump Picks a Side in the Data Center Revolt
Trump told communities fighting AI data centers to 'let Data Reign' — against Gallup majorities, a GOP governor's freeze, and his own party's Ohio polling.
Energy
Geopolitics
65 Billion Barrels on Paper: The U.S.-Venezuela Oil Deal
Trump announced majority U.S. control of 65 billion barrels of Venezuelan oil. The structure is undisclosed, and the pump won't notice for years.
Technology
New York Freezes New AI Data Centers. Blame the Power Bill.
Governor Hochul signed the nation's first statewide freeze on new hyperscale data centers — 50 megawatts and up, for as long as a year — citing a grid nearing its limits and residential electric rates up nearly 68% since 2019. A $10 billion pipeline pauses, a 12-gigawatt queue waits, and the bill still on her desk goes further.
Geopolitics
Three Tankers, 300 Targets: The Hormuz Ceasefire Comes Apart
The June 17 memorandum reopened the Strait of Hormuz and sent oil back to pre-war prices. Three weeks later the strait is declared closed again, CENTCOM has struck more than 300 targets in three nights, and Brent heads into Monday with a weekend of escalation still unpriced.
Geopolitics
Six Weeks of a Frayed Ceasefire, the Pump Reads $112.85
Six weeks into a ceasefire both sides have repeatedly violated, with U.S. self-defense strikes on Iranian launch sites as recently as May 7. Operation Epic Fury was declared concluded May 5. The Strait of Hormuz is still passing nine ships a day instead of 135, and U.S. retail gasoline keeps climbing — with a Wall Street legend warning of a tipping point and motor oil joining jet fuel on the shortage list.
Technology
Hormuz's Three-Month Clock: Helium, Fertilizer, and Chips
Steve Keen told the Diary of a CEO audience the world was three months from a famine because Iran had blocked the Strait of Hormuz. The headline is overstated. The underlying supply-chain math — for helium, fertilizer, memory chips, and the AI build-out that depends on all of them — is more interesting and runs on a longer clock than three months.
Transportation
Spirit Airlines Folds. The Iran War Was the Last Straw, Not the First.
Spirit ceased operations before dawn Saturday after a $500 million Trump bailout collapsed. Doubled jet fuel prices were the proximate cause, but the ultra-low-cost model had been losing altitude for years.
Geopolitics
Europe's Jet Fuel Crisis Is Real. So Are the US Ripples.
The IEA says Europe has maybe six weeks of jet fuel left. The warning checks out — and the same forces are already lifting US airfares, diesel, and LNG prices.