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Iran says Strait of Hormuz deal with Oman close; demands U.S. yield on conditions

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Klay Thompson Slaps Back at Kevin Durant Over His 76ers vs. Warriors Championship Team Comparison Take

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Klay Thompson

DALLAS — Klay Thompson fired back at former teammate Kevin Durant this week after Durant argued that the reshaped Philadelphia 76ers roster grades out ahead of the championship Golden State Warriors teams the two once won titles on together.

The exchange began Saturday when Durant, speaking at a USA Basketball charity event in Ladera Ranch, California, said LeBron James and the 76ers now have enough offensive firepower to contend for the 2027 championship. “The last time they put three 20-point scorers on a team, they said it was unfair, which was the [Warriors] team I was on,” Durant said. “[The 76ers] have got four 25-point scorers on this team. So, hell yeah, I think they’re going to be a contender. They’re going to be a fun team to watch. It’s going to be League Pass-worthy.”

A podcast debate spills onto Instagram

The comments resurfaced online after a clip from “The E-Lab” podcast, which broke down the roster comparison, was posted to Instagram over the weekend. Host Tevin J. Payne commented on the post that Philadelphia was talented but nowhere near the level of the Warriors team Durant joined in 2016.

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Durant responded directly to Payne on Monday, listing individual accolades for each of Philadelphia’s projected starters to make his case. “Ain’t close lmao,” Durant wrote. “Joel, MVP recently. Jaylen Brown, recent Finals MVP, Tyrese Maxey, All-Star the last 3 years. We all know what Bron does. Klay Thompson, never a MVP candidate in nothing, 22ppg. Draymond, 14ppg, 7 rebounds 6 assist, Steph a MVP just like Joel was. I don’t get how the Warriors team is better on paper.”

Thompson responds directly

Thompson, tagged by name in Durant’s comment, posted his own reply to his Instagram story, tagging Durant’s account in the process. “Aye man, u good?” Thompson wrote. “What u using my full government name for?”

The exchange also drew a response from former NBA forward Evan Turner, who weighed in on X over Durant’s characterization of Thompson’s individual accolades. “‘Was never an MVP in anything’ is a tad bit aggressive, LOL,” Turner wrote.

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Thompson’s numbers during the Durant era in Golden State

During the 2016-17 season — Durant’s first with the Warriors — Thompson averaged 22.3 points, 3.7 rebounds and 2.1 assists across 78 games, marking the third of his five career All-Star selections. Thompson has won four championships overall, including two alongside Durant in 2017 and 2018.

Philadelphia’s revamped roster

The 76ers have undergone a significant offseason transformation. Philadelphia acquired Jaylen Brown from Boston earlier this summer and signed James on July 24 to a two-year, $8 million contract that includes a player option and a full 15% trade kicker. James, 41, made close to $53 million with the Los Angeles Lakers last season before agreeing to the significantly reduced deal in Philadelphia. Embiid, Maxey and Brown each averaged at least 25 points per game during the 2025-26 season.

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Thompson’s current situation in Dallas

Thompson, 36, is entering the final season of the three-year, $50 million contract he signed with the Dallas Mavericks in 2024, which pays him just under $17.5 million for 2026-27. He becomes eligible for unrestricted free agency in the summer of 2027.

Last season, over 69 games, including eight starts, Thompson averaged 11.7 points, 2.1 rebounds and 1.4 assists in 21.7 minutes per game — all career lows. He shot 39.3% from the field and 38.3% from beyond the arc.

According to Christian Clark of The Athletic, citing multiple sources with rival teams, the Mavericks have explored trading Thompson but have yet to find a deal. Clark also reported that Thompson would welcome a potential move to Los Angeles, where he spent part of his childhood and continues to keep a home.

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Dallas currently carries 16 players on standard contracts after matching a two-year offer sheet from New York for center Moussa Cissé — one more than the league’s roster limit allows, adding pressure on the front office to make a corresponding move.

Under new team president Masai Ujiri, the Mavericks’ offseason additions have included Zaccharie Risacher, Santi Aldama and Marcus Sasser via trade, along with draft picks Morez Johnson Jr., Sergio De Larrea and Tobi Lawal.

Miami has repeatedly been mentioned around the league as a potential landing spot for Thompson, with the Heat reportedly preferring to wait for a buyout rather than surrender assets in a trade. According to Ira Winderman of the South Florida Sun Sentinel, an anonymous NBA scout estimated Thompson could command roughly $5 million on the open market in that scenario.

Durant’s own new chapter

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Durant, for his part, is now with the Houston Rockets, where he averaged 26 points, 5.5 rebounds and 4.8 assists in his first season with the franchise and earned All-NBA Second Team honors. Houston and Dallas share the Southwest Division and will face off four times during the upcoming regular season, setting up potential further meetings — and perhaps additional exchanges — between the two former Warriors teammates.

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Olivia Rodrigo Breaks Down in Tears While Debuting Her New Song ‘Less Than’ at Brooklyn Surprise Show

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Olivia Rodrigo

Olivia Rodrigo could not hold back tears as she debuted her new song “less” — officially titled “Less Than” — during a live performance at a surprise underplay show, with footage of the emotional moment going viral overnight as fans shared their reactions across social media.

The 23-year-old pop star and three-time Grammy winner performed the track at an intimate concert at Brooklyn’s Warsaw, a venue with a capacity of just 1,100, as part of a series of small-scale shows supporting her newly released album, “you seem pretty sad for a girl so in love.” According to Variety’s review of the concert, the show was announced only hours before it took place, on a sweltering Thursday afternoon in New York City, sparking a scramble for tickets that were available only at the venue’s box office.

A packed, sweltering show

Fans lined up in extreme heat to secure entry, with temperatures reaching a real-feel of 105 degrees outside the venue, according to Variety. Despite the conditions, Warsaw was packed well before the scheduled 8 p.m. start time, with the heat proving just as intense inside the venue itself.

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Rodrigo, dressed in a red flowered schoolgirl dress and black go-go boots, opened the set with the album’s lead single, “Drop Dead,” a vocally demanding track that offers few opportunities to catch a breath during its upper-register chorus, according to Variety’s account of the performance.

An emotional highlight of the set

After a run of newer material, Rodrigo moved to the keyboard for a stretch of ballads pulled from her earlier albums, including “Drivers License,” before returning to preview four additional songs from her latest record. That stretch included fan favorites “Maggots for Brains” and “The Cure” — the latter of which Rodrigo described as “probably” her favorite song on the new album, according to Variety — along with the emotionally charged live debut of “Less Than,” also referred to by fans simply as “less.”

The song deals with the end of a romantic relationship, recalling an attempt to recreate a favorite date before ultimately acknowledging the relationship’s collapse. According to lyrics documented by Just Jared, the track includes lines describing a trip to Big Sur that “only confirmed this isn’t what it should feel like,” building toward a chorus in which Rodrigo sings about the emotional toll of the relationship’s end, including the lyric, “If loving me means crying on the curb at LAX, well, then I guess I wish, I wish, I wish you loved me less.”

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Rodrigo previously spoke about the song’s origins, explaining that it was added to the album later in the writing process as something of a creative exercise. “A song like ‘less’ was added, obviously, later in the album making process, and I think it was us trying to practice a little bit of restraint,” she explained, according to Just Jared’s earlier coverage of the track’s release.

Fans respond to the emotional moment

Video clips capturing Rodrigo visibly emotional while performing the song spread quickly online following the show, with fans expressing sympathy and support in the comments beneath the viral posts. According to Geo TV’s coverage of the reaction, fans wrote messages including, “i literally can’t handle it,” and “OH SHUT UP SHUT UP.” Others offered similar responses, with one fan writing, “damn what did they do to my girl i’m not doing well,” and another adding, “i get you, girl, I’m crying too listening to this.” A separate comment read, “guys I really need to give this woman a hug ffs.”

A high-energy set despite the emotional peak

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Beyond the emotional performance of “Less Than,” Rodrigo maintained her typically energetic stage presence throughout the rest of the show, according to Variety’s review. She was described as bouncing, spinning, holding out her arms and pumping her fists while leading the audience through several singalong moments. The set ultimately closed with two of her earlier hits, “Good 4 U” and “Déjà Vu.”

Variety’s review noted that the newer material from the “Pretty Sad” album, while performed cleanly, is likely to loosen up further as Rodrigo continues performing the songs in additional live settings, a common pattern for newly released tracks still being worked into a touring set.

What’s next for Rodrigo

The Brooklyn show marked one of the first performances tied to Rodrigo’s newly released album. According to Variety, additional older songs are expected to be incorporated into her setlist as she prepares to begin more extensive touring, with her own Daisy Chain Fields festival in Southern California among the upcoming stops where fans can expect to hear more from the new record performed live.

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Similar emotional reactions are expected to continue as Rodrigo brings songs like “Less Than” to larger stages in the coming months, given the intensity of fan response already generated by its live debut in the small, intimate setting of the Brooklyn show.

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10 Reasons Why You Should Buy Samsung’s Newly Redesigned Galaxy Z Fold 8 Foldable Phone This Fall

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Samsung Sweetens Galaxy Z Fold 8 Pre-Orders With Free Buds

Samsung’s Galaxy Z Fold 8 has arrived with the most significant redesign the foldable line has seen in years, and early reviews suggest the changes amount to more than just a cosmetic refresh. Here’s a breakdown of what’s drawing praise from reviewers — and why the device is standing out in an increasingly crowded foldable phone market.

1. A completely new, wider design

For the first time in seven generations, Samsung split its foldable lineup into two distinct devices, and the standard Galaxy Z Fold 8 emerged as the more surprising standout. According to Engadget’s review, the phone borrows design elements from Samsung’s own back catalog while also drawing inspiration from rival devices, resulting in a wider, squatter form factor that reviewers say improves the overall experience. Engadget awarded the device a rating of 8.9 out of 10, specifically praising the “new wider design” as a “big win.”

2. Screen dimensions built for how people actually use their phones

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Unlike previous Fold models built around a tall, narrow shape, the Z Fold 8 uses a shorter, wider build resembling a passport, according to Bloomberg’s review. That shape translates to screen dimensions better suited for watching video and consuming widescreen content — a meaningful shift, since Bloomberg noted this design direction represents the next major trend in foldable phones, with Apple’s own first foldable iPhone expected to adopt a similar shape later this year.

3. A cover display that’s genuinely useful on its own

Forbes Vetted’s two-week testing period highlighted the phone’s 5.5-inch cover display as a particular standout. According to the review, the smaller external screen proved ideal for quick tasks like responding to Slack messages, while unfolding the phone transformed it into what the reviewer described as “a multitasking powerhouse” for more involved work.

4. A genuine productivity powerhouse when unfolded

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Once opened, the Z Fold 8’s 7.6-inch inner display becomes a legitimate workspace. Forbes Vetted’s reviewer described using the phone to review spreadsheets, make real-time edits and triage questions on the fly during an on-site work project — functionality made possible by Samsung DeX, which effectively turns the Android device into a laptop-like experience by allowing apps to open in windowed mode. Paired with a case that includes a stand, along with a wireless keyboard and mouse, the phone can function as a compact computer when needed.

5. Split-screen multitasking built in

Beyond DeX, the Z Fold 8 supports native split-screen functionality, allowing users to run multiple apps simultaneously on the expansive inner display — a feature Forbes Vetted specifically called out as helping streamline multitasking during real-world testing.

6. Flagship-level performance

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The Z Fold 8 runs on Qualcomm’s Snapdragon 8 Elite Gen 5 processor, according to SamMobile’s detailed specifications breakdown, giving it performance on par with other 2026 flagship devices. While Forbes Vetted noted the phone benchmarked slightly softer than some competitors during testing, the review emphasized that most everyday users are unlikely to notice any meaningful difference in real-world performance or power management.

7. Strong battery life and faster charging

Engadget’s review specifically praised the Z Fold 8’s battery life as a standout strength, alongside improvements to both wired and wireless charging speeds compared with prior generations. According to SamMobile’s specs rundown, the device is equipped with a 4,800mAh battery — a meaningful capacity for a foldable device that has to power two separate displays.

8. Long-term software support

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The Z Fold 8 ships with Android 17 and One UI 9, backed by a commitment to seven years of major operating system updates, according to SamMobile. That extended update window puts the device in line with Samsung’s broader push toward longer software longevity across its flagship lineup, a factor that can meaningfully extend a device’s practical usable life well beyond its initial purchase.

9. Improved durability and display technology

Reviewers have also highlighted upgrades to the phone’s underlying construction. According to SamMobile, the Z Fold 8 features a slimmer crease along its foldable display and an improved anti-reflective coating, addressing two of the most persistent criticisms leveled at earlier foldable phones — visible screen creasing and glare in bright environments.

10. Competitive positioning against Apple’s first foldable

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Perhaps most notably, the Z Fold 8 arrives positioned to compete directly against Apple’s rumored first folding iPhone, expected to be unveiled later this year, according to Bloomberg’s reporting. With Samsung having already established a wide-format foldable that reviewers are responding to positively, the Z Fold 8 gives the company a meaningful head start in shaping consumer expectations for what a mainstream folding phone should look and feel like — right as competition in the category intensifies.

Pricing and availability

The Galaxy Z Fold 8 was announced July 22, 2026, during Samsung’s Galaxy Unpacked event, with the 256GB configuration priced at $1,900 in the U.S. and €2,000 in Europe, according to SamMobile. The device became available for purchase starting Aug. 5, 2026.

A few trade-offs to weigh

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Despite the largely positive reception, reviewers noted some drawbacks worth considering. Engadget’s review flagged the phone’s price as a genuine downside, along with the absence of a dedicated zoom camera and the need for a case or additional accessories to take advantage of magnetic charging and accessory attachments. Buyers weighing the standard Z Fold 8 against the pricier Z Fold 8 Ultra should also note that the Ultra offers a taller profile, a larger cover display and improved cameras, making it the better fit for users who prioritize photography and prefer a narrower, more traditional foldable shape.

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Nvidia’s Stock Is Completely Mispriced (NASDAQ:NVDA)

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Nvidia: Market's Skepticism Creates A Massive Mispricing

This article was written by

My investment philosophy is built around one objective: compounding capital over a 30-year horizon to achieve financial independence by age 60. I target 12–15% annual total returns and focus purely on risk-adjusted upside. I don’t subscribe to a specific investing label — value, growth, dividend, or quality. Capital goes where the opportunity is strongest. My portfolio is intentionally concentrated, typically holding no more than 10–15 positions. These are high-conviction investments, not an exercise in diversification for its own sake. Valuation matters, but only in the context of future growth and business quality. I’m not looking for the cheapest stocks — I’m looking for the best risk-reward opportunities. I invest across both US and European markets and use dollar-cost averaging as a core execution discipline to remove emotion and market timing from the process. Outside equities, I own two residential properties. Combined with stocks, this provides geographic and asset-class diversification.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of NVDA, MSFT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Leonardo DiCaprio Teams Up With Jeff Bezos on $200 Million Plan to Save Endangered Species Worldwide

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Kaanapali Beach, Maui

LOS ANGELES — Foundations funded and co-founded by Leonardo DiCaprio and Jeff Bezos have launched a $200 million initiative aimed at reviving 100 of Earth’s most threatened species, marking what organizers describe as the largest single philanthropic fund in history dedicated exclusively to recovering critically endangered wildlife.

DiCaprio’s conservation organization Re:wild and the Bezos Earth Fund are jointly leading the new effort, called the Phoenix Species Project, which the groups announced Tuesday. The initiative will target species facing imminent extinction across 30 countries, spanning mammals, amphibians, reptiles, birds, fish, invertebrates and plants — including endangered lemurs, salamanders, pangolins, pigs and echidnas.

A years-long partnership finally taking shape

The project’s origins trace back several years, growing out of DiCaprio’s long-standing effort to organize a major concerted push to help species whose habitats and survival are threatened by climate change. In 2021, DiCaprio and Re:wild co-founder and CEO Wes Sechrest, a biologist, met with Amazon founder Jeff Bezos and his wife, Lauren Sánchez Bezos, a former TV news reporter and host who now serves as vice chair of the Bezos Earth Fund alongside her husband, who chairs the organization.

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That meeting sparked a series of follow-up conversations involving local governments, environmental groups and Indigenous communities focused on how best to reverse the decline of the world’s most vulnerable species — conversations that ultimately culminated in the Phoenix Species Project’s launch.

How the funding breaks down

The Bezos Earth Fund is committing $100 million to the project, according to Variety, with Re:wild matching that amount through support from DiCaprio, along with additional contributions from Age of Union and the Todd Graves Family Foundation.

The initiative will operate in collaboration with Indigenous peoples, local communities, scientists and conservationists across the participating countries. It also supports broader international efforts tied to Target 4 of the Kunming-Montreal Global Biodiversity Framework, a global agreement that calls on governments to halt extinctions and improve the conservation status of endangered species. The Reverse the Red Action Partnership will work alongside the project to help governments identify priority species and implement recovery actions, while the IUCN Species Survival Commission — described as the world’s largest volunteer conservation science network — is serving as the initiative’s global knowledge partner.

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A direct impact for grant recipients on the ground

Local conservation groups are already receiving support through the initiative. Tiana Andriamanana, executive director of Association Fanamby, one of the organizations set to receive a grant, described the funding as a turning point for efforts to protect the golden-crowned sifaka, a critically endangered lemur species found in Madagascar. “We’ve protected the golden-crowned sifaka for years on a budget that would never match what this species deserves, but letting it go extinct was never an option,” Andriamanana said in a statement. “This funding, this global platform and technical support change what is possible.”

Sánchez Bezos frames the effort as a shift from managing decline to recovery

Lauren Sánchez Bezos framed the initiative’s ambitions in stark terms, emphasizing recovery rather than simply slowing species decline. “This project is our answer,” she said in a statement. “One hundred species, 30 countries and a real commitment to bringing them back. Not managing their decline. Recovering them. That’s the whole difference. We know how to do this. We just have to stay committed long enough to see it through.”

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Among the species the project will focus on, according to the Hollywood Reporter, are the golden-crowned sifaka of Madagascar, the ancient shark-like bowmouth guitarfish, a small desert succulent illegally harvested for the ornamental plant trade in western South Africa, and tree-dwelling Hickory Nut Gorge species native to specific mountain habitats.

Part of a longer arc of environmental advocacy for both men

DiCaprio has built a decades-long public profile as an environmental advocate, dating back to founding his own foundation in 1998, shortly after finishing filming “Titanic,” with a focus on protecting the planet’s endangered species across more than 40 countries. His advocacy gained further national attention in 2016, when his best actor Oscar acceptance speech — which became the most-viewed best actor speech in YouTube history — closed with a direct appeal about climate change, urging audiences, “Let us not take this planet for granted.”

Bezos, for his part, established the Bezos Earth Fund in 2020, committing billions of dollars toward climate change and environmental restoration efforts globally. The Phoenix Species Project builds on both men’s separate track records of environmental philanthropy, bringing their respective organizations together under a single, targeted conservation effort focused specifically on species recovery rather than broader climate mitigation work.

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Organizers describe the $200 million commitment as an initial investment rather than the full scope of the project’s eventual funding, with the initiative structured to provide long-term support for conservation efforts targeting the 100 identified species over an extended period. Additional details on specific country partnerships and individual species recovery plans are expected to be announced as local grant recipients, including groups like Association Fanamby, begin implementing programs in their respective regions.

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Sana Biotechnology faces earnings test as CAR-T program advances

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Sana Biotechnology faces earnings test as CAR-T program advances

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Warsh wants a Fed that plays a smaller role in markets

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Warsh wants a Fed that plays a smaller role in markets

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Pagaya: AI Is Turning Consumer Credit Into Infrastructure

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Pagaya: AI Is Turning Consumer Credit Into Infrastructure

Pagaya: AI Is Turning Consumer Credit Into Infrastructure

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Is Capital One Down Right Now? Here’s What the Latest Live Outage Trackers Are Actually Showing

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Capital One World HQ

Multiple outage-tracking services checked Sunday show no evidence of a widespread Capital One outage currently affecting customers, with automated monitors and crowdsourced report trackers reporting the bank’s systems as operating normally.

According to Outage.Report, which tracks service disruptions using automated monitoring combined with social media signals, Capital One “appears to be working normally,” with report volume described as within the typical range for this time of day and zero user-submitted signals logged over the past 24 hours as of the latest check. The site noted that if a broader outage isn’t being detected, any individual access problems are more likely tied to a person’s local internet connection, device or app rather than a systemwide issue.

Similarly, outage-tracker Downtester reported Capital One as “fully operational with no user-reported issues detected in the last 24 hours,” while automated monitoring service UptimeRobot’s most recent check — run from North America — did not detect any unusual response times or error codes from the bank’s website.

StatusGator, which aggregates issue reports, page visits and signal strength to assess service health, similarly logged Capital One as operational during its most recent check, noting only a small number of user-submitted outage reports over the prior 24-hour period — a volume consistent with the routine background noise most major online services see on any given day, rather than an indication of a confirmed, active outage.

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Why isolated complaints don’t always mean a full outage

Even when overall monitoring shows a service as operational, individual users sometimes report frustrations that can look like outage symptoms but stem from more localized issues. According to UptimeRobot’s guidance for troubleshooting suspected outages, users experiencing access problems should first try opening the Capital One website or app from a different browser, device or network — such as a mobile hotspot — and consider clearing their device’s DNS cache, disabling any active VPN connection, or restarting their router before assuming a broader service failure is underway.

Sites like Is The Service Down also continue to log a steady trickle of individual customer complaints on social media platforms, covering issues ranging from mobile check deposit slowdowns to account access frustrations and disputes over rewards points — the kind of routine, scattered customer service complaints that don’t necessarily reflect a confirmed, systemwide technical outage.

A history of past disruptions

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Capital One is not new to periodic service disruptions. The bank has previously experienced significant, confirmed outages tied to third-party vendor problems. In one such incident, an outage stemming from a technical issue with vendor Fidelity Information Services, based in Jacksonville, Florida, left some customers without access to deposits, payments and transfers for multiple days. According to reporting from NBC News at the time, FIS said the disruption was caused by a local power outage affecting a data center critical to various banking applications used by Capital One and other financial institutions.

During that earlier incident, Capital One acknowledged the ongoing issues publicly, with a bank representative telling a customer on social media platform X that the company continued working “around the clock to restore full functionality as soon as possible.” Following resolution of that outage, Capital One issued a statement saying, “We have restored full account functionality and processed outstanding transactions for most of our customers, and are completing work to restore full service to all of our customers as soon as possible. We recognize the frustration this issue has caused and will continue to provide updates. We sincerely apologize to our valued customers.”

Financial industry experts note that outages of this kind, while disruptive, are not unusual across the banking sector given the complexity of the technology infrastructure involved. “Outages are not rare in the financial industry,” Phillip Parker, founder of CardPaymentOptions.com, said in comments reported by AOL. “Banks and payment processors use complicated computer systems, and sometimes they break down. They most often occur due to a bungled software update or a failure in a critical part of the infrastructure. Most institutions have backup plans to minimize disruptions, but sometimes outages still occur.”

Research cited in that same coverage, from PYMNTS Intelligence, estimated that service interruptions cost Global 2000 companies roughly $400 billion annually, underscoring the broader financial stakes tied to outages across major service providers, including banks.

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What to do if you’re experiencing issues right now

For anyone currently having trouble accessing Capital One’s website, mobile app or account services, checking a live outage tracker like Outage.Report or Downtester can help determine whether the issue is isolated or part of a broader, confirmed disruption. If other users in your area are reporting similar problems, or if Capital One issues an official statement acknowledging a technical issue, that would indicate a genuine, systemwide outage rather than a local connectivity problem.

As of this writing, no official statement from Capital One acknowledging a current outage had been identified, and the balance of available live monitoring data points to normal service.

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Why White House Sees Gasoline Prices Falling More

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Barron's

As of Thursday, the U.S. Navy has redirected 53 commercial vessels in the Strait of Hormuz, and disabled and boarded two each, according to U.S. Central Command’s recent update as of Saturday. It also said it has permitted more than 30 vessels to pass through the blockade for humanitarian aid.

Oil prices hovered at $83.55 a barrel for Brent crude and around $77 a barrel for WTI as of Friday, and gasoline prices at the retail pump are at about $4.01 a gallon, down from $4.09 a week ago but up from $3.15 a gallon a year ago.

Top White House economic advisor Kevin Hassett cited a number of reasons oil prices have been coming down since their recent Iran war peak above $100 a barrel, including the U.S. Navy escorting commercial vessels through the Strait of Hormuz, increased oil production in the U.S., a waiver of the Jones Act that allows 100 million barrels of oil produced along the U.S. Gulf Coast to be shipped to the East and West coasts.

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