Thursday Afternoon News Updates: Iran Strikes Ship in the Strait – 6/25/26
While a cargo ship burns in the Gulf of Oman, the president has nothing on his schedule but a tele-rally and a steak dinner
Hi all, Ben here. It’s Thursday, June 25th, and we have got a lot to get through today, so let’s jump right in. Remember to like, share, and re-stack to spread these updates far and wide.
Top stories we’re tracking:
Iran strikes another cargo vessel in the Gulf of Oman, just as I predicted this morning, while ships turn back from the “forbidden corridor”
Foreign Minister Araghchi and Oman’s FM agree to a 60-day window of free transit through the Strait, after which Iran starts charging fees
The Wall Street Journal reports Iran is eyeing up to $40 billion a year in tolls once the dust settles
US crude inventories post a massive surprise draw as Brent crude keeps sliding on what sure looks like market manipulation
Marco Rubio gets grilled in Bahrain on the $300 billion reconstruction fund, the frozen Qatari money, and the unenforceable Hormuz tolling fantasy
Rubio also has to explain why Michael Boulos, Trump’s son-in-law with zero government role, was parked next to him in an official meeting with the UAE president
JD Vance tells UnHerd the Emiratis are now talking directly to the IRGC because they no longer trust the US security umbrella
PCE inflation jumps to 4.1% year-over-year, the highest in three years, driven largely by the Iran war
The personal savings rate craters to 3%, one of the lowest readings in 15 years
Apple jacks up prices on Macs and iPads by as much as $300
Elizabeth Warren shreds Trump’s Council of Economic Advisers nominee Christopher Phelan over basic inflation math he refuses to answer
DHS Secretary Markwayne Mullin loses his cool in a House hearing, gripping a stress ball while attacking a member of Congress
The Supreme Court hands down four 6-3 or 7-2 rulings today, including shielding Monsanto from cancer lawsuits and gutting asylum protections
Judge Leonie Brinkema rips into the DOJ over Trump’s “slush fund,” saying she doesn’t trust Acting AG Todd Blanche’s representations
New photos show both of Trump’s hands looking visibly bad, not just the usual one
A federal judge in Boston blocks key parts of Trump’s mail voting executive order as unconstitutional
Netanyahu says there’s “still more to do” against Iran, Hamas, and in Lebanon, while Israel’s defense minister brags about leveling villages in the security zone
Before I go any further, if you haven’t yet joined as a paid subscriber, consider doing so now by clicking here to support our work. This is how we grow. It will give you access to all recaps like this, our exclusive Ask-the-Editor series, and more. Plus, it is the best way to help support the growth of this network.
Now let’s get into it.
Iran Strikes Again
Donald Trump has gone silent as Iran strikes another cargo ship in the Strait of Hormuz. This is exactly what I told you was going to happen, in the very first video I put out this morning. And then, just like that, it happened.
Here are the details.
