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Jul 14, 2026 - World

Energy traders and Wall Street analysts are resorting to dark humor to cope with Donald Trump's foreign policy catastrophe in the Persian Gulf, where his aggressive posturing toward Iran has backfired spectacularly and destabilized one of the world's most critical shipping routes.The situation has become so dire that financial markets have developed a bitter joke about it. Traders have coined a new term for what they now expect: the "NACHO trade" — shorthand for "Not a Chance Hormuz Opens," according to a report from the Wall Street Journal.That acronym joins other Trump-themed market jargon, including "TACO," which stands for "Trump Always Chickens Out," revealing the contempt Trump critics have for his erratic decision-making.The Strait of Hormuz, through which approximately 20 percent of the world's oil passes, has become the focal point of Trump's unraveling Middle East strategy. After renewed fighting over the weekend and Trump's announcement that he was reimposing a U.S. blockade on Iranian shipping, oil prices surged more than 10 percent, erasing an entire month of price declines."The chance of the region and Hormuz going back to the old normal is effectively zero," said Rachel Ziemba, an adjunct senior fellow at the Center for a New American Security, told the Journal. "If anything this reinforces the impetus to invest in other pathways as quickly as possible."The core problem, according to Wall Street Journal reporting, is that Iran and neighboring countries have discovered they can easily manipulate U.S. politics by threatening to choke off shipping through the strait. That realization has fundamentally altered market calculations."Oil markets and Middle East producers appear to be aligning around a new reality: The Strait of Hormuz is no longer expected to return to a prewar norm," the Journal reported.According to the Journal, "The idea behind the NACHO trade is that the shipping route through which roughly 20% of the world’s oil had passed will remain virtually shut, with only a trickle of traffic slipping through clandestine routes, until the economic costs of its closure, such as high oil prices and accelerating inflation, become untenable."

Jul 14, 2026 - World

Bar owner offers ‘deepest apologies’ as police investigate whether exits were either blocked or hard to accessThe Bangkok pub that became the scene of the city’s deadliest blaze in 17 years has said it will cooperate with an investigation into alleged negligence, as the death toll rose to 30.The local district office said on Tuesday that three more people had died after the devastating fire that broke out in the early hours of Monday. An initial assessment by disaster officials found an electrical short ‌circuit in an air conditioner located in the ‌ceiling had caused the fire. Continue reading...

Jul 14, 2026 - World

Aid worker flown to Berlin as Trump administration bars Americans from traveling to US on commercial flightsA US national who contracted Ebola in the Democratic Republic of the Congo has arrived in Germany for treatment, the health ministry in Berlin said on Monday, weeks after another American infected with Ebola in the DRC was treated in Berlin.Meanwhile, the Trump administration on Monday said it was blocking American citizens in ⁠the DRC from traveling to the US on commercial flights, Reuters reported, citing a White House official. Continue reading...

Jul 14, 2026 - World

A former U.S. Army intelligence officer was left dumbstruck Tuesday following President Donald Trump’s latest attempt to degrade Iran’s control of the Strait of Hormuz, an effort they described as a manifestation of the president’s “new levels of desperation.”On Monday, Trump announced that the United States would be reinstating its naval blockade on Iran and charging hefty fees to transiting vessels. The decree came amid renewed exchanges of fire between the United States, Iran and U.S.-aligned Middle Eastern nations.“This is just new levels of desperation that I couldn't have imagined a couple of months ago,” said Harrison Mann, a former U.S. Army major and intelligence officer, during an appearance on CNN.“We've got to remember that the free protection from the U.S. Navy has not been successful for the past several months; it's why we're in a new cycle of escalation over the past week. The Navy has repeatedly tried to secure transit through the Strait of Hormuz – Iran has still been able to attack ships.”The flare-up in violence was sparked last week after Iran struck a container ship transiting the Strait of Hormuz in a manner Iranian officials claimed was a violation of the U.S.-Iran ceasefire agreement. The United States launched strikes at Iran in retaliation, which itself was met with a flurry of strikes from Iran targeting U.S. allies in the region.Mann, who resigned in protest over the U.S. facilitation and support for the Israeli siege on Gaza – which a United Nations commission and countless human rights organizations have described as a genocide – said that not only was the Trump administration’s plan doomed to fail, it also undercut its own position.“So the protecting ships part of it, we already know won't work. Is he actually going to charge fees? I doubt it, but he is doing something that's kind of dangerous for his own strategy, which is legitimizing that demand,” Mann said.“Marco Rubio just two weeks ago said nobody can charge passage through this international waterway. Trump is now saying, 'oh no, that's fine, we're going to try and do it.'"

Jul 13, 2026 - World

CNN's Kaitlan Collins pressed President Donald Trump about the war in Iran when he decided to suddenly end a White House press conference on Monday.Trump was speaking at the Oval Office to a group of reporters when he cut the questions short and lashed out against the network. The president had told reporters that the United States had plans to ramp up attacks on Iran, as Trump had ordered a new blockade against Iran in the Strait of Hormuz."The US is bombing Iran again. You've been bombing Iran for months now. Is this just the new normal for the American people?" Collins asked.Trump started to complain about CNN and its coverage of the Iran war."All they have is fake news because the fake news would rather see us lose the war," Trump said.Collins responded to Trump."You argued Iran couldn't have ballistic missiles," Collins said.But Trump kept talking about CNN and "fake news.""Which is really treasonous in a certain way. So we're doing another very major attack tonight," Trump said.Trump abruptly ended the press conference after his rant to Collins, and aides hurriedly shuffled reporters out of the room. TRUMP: All they have is fake news because the fake news would rather see us lose the warCOLLINS: You argued Iran couldn't have ballistic missilesTRUMP: Which is really treasonous in a certain way. So we're doing another very major attack tonight. pic.twitter.com/dwe58GUgul— Aaron Rupar (@atrupar) July 13, 2026