The clearest and most straightforward condition in the performance-based deal with Iran was a reopening of the Strait of Hormuz with no tolls. Freedom of navigation is a long-standing international principle.

So the Iranians have been firing on ships and firing on Gulf states. And firing on American military bases. Thereby violating the so-called ceasefire and violating the so-called memorandum of understanding. So President Trump’s patience has run out.

Earlier today, a reporter asked the president: “On Iran, is the ceasefire over? Is the ceasefire done? Is the MOU dead?” Mr. Trump replied: “It’s a very interesting question. To me, I think it’s over. I don’t want to deal with them anymore.” He added: “As far as I’m concerned, it’s just a waste of time dealing with them,” explaining that “they can talk, but I think they’re wasting their time. They’re a bunch of lying guys”

Indeed. And so the American bombing resumes. Yet I would suggest the continuous bombing of Iran probably has limited value added. I’m not opposed to it, but perhaps it has limited value added. Talking to military analysts, I have come to the view that the next big step in the Iranian war should be an American takeover of Kharg Island. That would completely cripple what’s left of Iran’s already decimated economy. Experts suggest that the current bombings open the way for forced protection for the Marines to hold Kharg Island and hold it well. 

Now the United States Treasury has restored sanctions on Iranian oil sales, that’s good, it will require of course military enforcement. Yet Iran quickly sold 50 million or 60 million barrels of oil since the MOU was put in place, and that’s got to stop. No money. No money for them.

Back to Kharg Island. Analysts tell me our great fighting Marines can land and take it over. The Iranians would be near helpless in the face of that kind of move. Now it would be boots on the ground, but in a very limited way, and just on Kharg Island.

We’re not talking about boots on the ground in Iran proper, or downtown Tehran. Clearly Mr. Trump is thinking about taking over Kharg Island, as his remarks suggest. “We attacked Kharg Island last night,” he said. “We knocked out a piece. I said, don’t touch the oil because maybe we’ll take over Kharg Island. You know, we may take over Kharg Island. It’s not a thing they can do about it. But I said, don’t hit the pipes. Just hit everything else and they hit it. They may hit it again tonight.”

So it’s in his head. So I would also suggest that the MOU be ripped up, and a new one that is written by American people, American delegates, and American diplomats. 

The agreement would be very simple: reopen Hormuz, end all nuclear activities, move the enriched uranium out of Iran, verify with American and United Nations inspectors, and absolutely no money for Iran unless and until they abide by these essentially unconditional surrender requirements.

Importantly, seasoned, experienced professionals from the Treasury, State, and Energy departments should be placed at the forefront of any discussions with Iran. Secretary Marco Rubio should be placed in complete charge of the operation, reporting directly to Mr. Trump. Yet the first step is Kharg Island.

More than 1.7 million grill brushes are being pulled from shelves because the metal bristles can detach and pose a risk of serious internal injury if swallowed.

Connecticut-based Conair LLC is recalling 1,719,995 Cuisinart metal wire bristle grill brushes with stainless steel, black plastic and wood handles, according to a July 2 notice from the U.S. Consumer Product Safety Commission (CPSC).

“Small metal wire bristles can detach from the brushes and stick to the grill or food, posing an ingestion hazard and risk of serious internal injuries that could require surgery,” CPSC said.

POPULAR PET FOOD RECALLED OVER POSSIBLE SHARP METAL AND PLASTIC CONTAMINATION

Conair has received at least 54 reports and reviews of wire bristles detaching from the brushes, including three reports of customers who sought medical treatment after swallowing the bristles.

The recalled brushes, which have the word “Cuisinart” on the handle, were sold at TJ Maxx, Burlington and Ross stores, as well as online through Amazon and Cuisinart’s website, from June 2009 through March 2026.

The brushes cost between $8 and $20, according to the CPSC.

FORD RECALLS MORE THAN 110,000 MUSTANG VEHICLES OVER WINDSHIELD WIPER, DRIVETRAIN DEFECTS

The recall covers the following products:

• Triple Bristle Grill Cleaning Brush — Model No. CCB-100; distributed from January 2013 through March 2026.
• 4-in-1 Grill Cleaning Brush with Stainless Steel Wire Bristles — Model No. CCB-4125; distributed from October 2022 through March 2026.
• BBQ Grill Cleaning Brush and Scraper, 16.5″ Stainless Steel — Model No. CCB-5014; distributed from June 2009 through March 2026.
• Triple Bristle Grill Brush SS Bristles — Model No. CCB-6450; distributed from January 2025 through March 2026.
• 2-In-1 Grill Brush Bristle/Coil — Model No. CCB-8012; distributed from January 2025 through March 2026
• Pizza Stone Cleaning Brush — Model No. CCB-4114; distributed in 2024
• Wood Grill Cleaning Brush, 18.5″ with Pakka Wood Handle — Model No. CCB-W2; distributed from March 2024 through July 2025
• Steam Clean Grill Brush — Model No. CSBS-777; distributed from March 2014 through July 2025

Some of the brushes were also sold as part of the Premium Grill 10 Piece Set, 13 Piece Wooden Handle Grill Tool Set, 14 Piece Deluxe Stainless Steel Grill Set and 20 Piece Deluxe Grill Set, according to the recall notice.

FRUIT SOLD AT MAJOR GROCERY CHAIN RECALLED AFTER 12 SICKENED WITH E. COLI

Conair is urging consumers to stop using the recalled brushes immediately and contact the company for a full refund or a credit to use at Cuisinart.com.

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For more information about the recall, visit CPSC’s website.

The recall comes months after CPSC announced a separate recall in March of 10 million Nexgrill grill brushes following similar reports that metal bristles could break off and end up in food.

FOX Business reached out to Conair for comment.

Delta Air Lines is rolling out lower-cost fares for some of its premium cabins, but travelers will have to give up some perks.

The Atlanta-based airline announced Wednesday the launch of three new “basic” fares, expanding its no-frills pricing model to higher-end cabins, including Delta First, Delta Premium Select and Delta One.

The new fare options are Delta First Basic, Delta Premium Select Basic and Basic Business, which is the lower-cost fare for Delta One.

“This expansion gives customers more ways to choose the Delta experience that best fits their trip and a new way to access our premium tier products,” Joe Esposito, executive vice president and chief commercial officer at Delta, said in a statement. 

DELTA CEO ED BASTIAN REVEALS WHAT HE SAYS MUST HAPPEN FOR AIRLINE TICKET PRICES TO FALL

The new fares are now available for purchase. They include the same onboard experience as Delta’s higher premium fare tiers but come with restrictions.

Customers who book the fares will have seats assigned after check-in, earn fewer miles, get a reduced checked bag allowance and will not be eligible for upgrades.

Same-day travel changes also will not be allowed, and changes or cancellations will come with a fee, according to the airline.

Travelers on basic tickets will also need another way to access Delta Sky Clubs, such as a Sky Club membership or eligible credit card.

DELTA TO SCRAP SNACKS AND BEVERAGES FROM HUNDREDS OF FLIGHTS, EXPAND OFFERINGS ON OTHERS STARTING THIS MONTH

Basic Business customers will still receive the Delta One onboard experience, including Zone 1 boarding, lie-flat seats, premium meals, hot towel service, bedding and amenity kits, according to Delta.

However, Basic Business tickets will not include Delta One check-in or Delta One Lounge access after Jan. 18, 2027, unless the traveler has another way to enter. 

Delta said customers flying Basic Business will continue to receive those benefits through that date as travelers adjust to the new fare rules.

Delta First Basic is available now on certain Delta-operated domestic and Latin America routes.

Delta Premium Select Basic and Basic Business are also available for purchase now, with travel beginning in September on select domestic and long-haul international routes.

DELTA LANDING ATTEMPT RATTLED BY WRONG TOWER RADIO MIX-UP, SPARKING ALARM NEAR LAGUARDIA

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Delta previously signaled that it planned to bring more fare options to its premium cabins.

Glen Hauenstein, Delta’s former president, said on an earnings call in July 2025 that the airline’s main cabin segmentation served as a blueprint for its premium seats, according to CNBC.

“Different people have different needs,” he said at the time.

After losing roughly $1 trillion in market value in less than two months, Nvidia Corp’s stock is the cheapest it’s been since before the AI boom kicked off and sent the shares into the stratosphere. The chipmaker’s graphics processing units, or GPUs, still dominate the artificial intelligence data center market. But the stock has tumbled 16% since hitting an all-time high on May 14, as investors rejigger the AI trade by ditching Nvidia in favour of competing semiconductor manufacturers, particularly those in the memory market.

The selloff has Nvidia, not long ago the hottest stock on Wall Street, trading at 18 times earnings projected over the next 12 months, according to data compiled by Bloomberg. The last time the shares were this inexpensive was early 2019. To get a sense of how dramatically it has fallen off, the erstwhile market leader is now cheaper than the S&P 500 Index, which is priced above 20 times forward earnings, and the technology-heavy Nasdaq 100 Index, which is at almost 23 times.

Nvidia’s shrinking valuation isn’t the result of a deteriorating outlook. On the contrary, Wall Street analysts have been raising their profit estimates for the coming quarters. Instead, the selloff shows how much the AI trade is shifting to other areas, such as memory and storage stocks like Micron Technology. Even Nvidia rivals such as Advanced Micro Devices and Intel have seen their share prices double or even triple this year.

Some Wild Swings
“Sentiment has moved on,” said Michael Bailey, director of research at Fulton Breakefield Broenniman. “You’re seeing these companies where expectations were very low – the Microns of the world – stealing the spotlight.”

Nvidia is expected to deliver the fourth-fastest revenue growth in the the S&P 500 this year, but it’s still cheaper than about half of the stocks in the index, according to data compiled by Bloomberg. Considering how steady Nvidia’s revenue growth and profitability have proven to be, the company looks undervalued at current levels, believe Randy Hare, director of equity research at Huntington Bank.”Stocks follow earnings,” said Hare, who’s betting Nvidia shares will resume their climb in the coming months. “It’s a consistent performer.”

ISLAMABAD — Pakistan’s Navy and civilian authorities expanded their search Wednesday for a cargo plane feared to have crashed into the Arabian Sea after it disappeared from radar and lost contact with air traffic control late Tuesday night while flying from Sharjah, in the United Arab Emirates, to the southern port city of Karachi.

The Karachi-bound aircraft, a Boeing 737-400 freighter operated by the private carrier K2 Airways, reported a navigational system issue while en route with five people on board. According to the Pakistan Airports Authority, the aircraft was being guided by the Karachi Area Control Centre after reporting the fault at 9:18 p.m. local time. Three minutes later, at 9:21 p.m., the aircraft was observed on radar making a rapid descent accompanied by a sharp change in heading. Radar contact and communication were lost shortly afterward, approximately 155 nautical miles, or 287 kilometers, west of Karachi.

Preliminary flight-tracking data reviewed by multiple outlets showed the aircraft losing nearly 1,525 meters, or roughly 5,000 feet, of altitude in under a minute before climbing back approximately 1,830 meters, or about 6,000 feet, over the following 30 seconds. It then entered what flight-tracking service Flightradar24 described as a final, near-vertical descent from a height of 11,140 meters, or about 36,550 feet. The aircraft’s last transmitted position placed it at 335 meters, or roughly 1,100 feet, descending at 22,400 feet per minute, or approximately 400 kilometers per hour, a rate of descent consistent with the plane entering the water.

The Pakistan Airports Authority said it activated its Rescue Coordination Center immediately after contact was lost and launched a coordinated multi-agency search-and-rescue operation at sea. According to officials familiar with the operation, who spoke on condition of anonymity given the sensitive nature of the possible crash, the Pakistan Navy frigate PNS Zulfiqar was dispatched to the area where contact with the aircraft was lost. The Pakistan Air Force also deployed aircraft to assist in the search, while a separate Pakistan Navy ATR aircraft took off from the southwestern city of Turbat to join the effort. A merchant vessel operated by the Pakistan National Shipping Corporation also joined the multi-agency search, officials said.

As of Wednesday, officials said the vast search area across the Arabian Sea, combined with rough monsoon-season seas, was posing significant challenges to the rescue operation. No wreckage or survivors had been located as of the latest updates.

Prime Minister Shehbaz Sharif expressed sympathy for the families of the five crew members and directed the government to deploy all available resources to the search effort, according to a statement from his office. Sharif said he felt “deep sorrow, grief, and regret over the tragic incident in which a private cargo aircraft flying from Sharjah to Karachi crashed into the Arabian Sea and went missing,” extending his condolences to the crew’s families and instructing the Pakistan Civil Aviation Authority, Pakistan Navy and Pakistan Air Force to intensify search-and-rescue operations using all available resources.

In a statement, K2 Airways said search-and-rescue operations were continuing to be conducted by Pakistani authorities and that the company was fully cooperating with aviation officials. The airline identified the five crew members as Captain Muhammad Rizwan Idris, the pilot in command; First Officer Faisal Jatoi; flight engineers Muhammad Hamid and Muhammad Arif Siddiqui; and aircraft loader Muhammad Taufiq Khan. “We continue to pray earnestly for the safety of our colleagues,” the airline said.

K2 Airways, headquartered in Karachi, is a private cargo airline established in May 2018 under an airline charter license issued by the Pakistani government. According to flight-tracking service ch-aviation, the aircraft involved, registered as AP-BOI, was approximately 27 years old and had flown for six different operators over its service history. It was originally delivered to Russia’s Aeroflot as a passenger aircraft in 1999, later flew for Indonesia’s Garuda Indonesia, and was converted into a freighter in 2012 for operation by Belgium’s TNT Airways and later ASL Airlines. The aircraft was withdrawn from service in June 2023 and parked in France for roughly 10 months before being reactivated by Irish leasing company AerCap in April 2024. It was subsequently placed back into storage, first in Jakarta and later in Karachi, before entering service with K2 Airways in December 2024. The aircraft was the only plane in K2 Airways’ fleet.

Flight-tracking data indicated the aircraft experienced GNSS, or satellite navigation, interference shortly after takeoff, consistent with other aircraft operating in the region at the time, resulting in temporarily degraded navigation data near Sharjah. According to Flightradar24, standard ADS-B tracking data resumed once the aircraft exited the area affected by that interference, though the cause of the aircraft’s subsequent rapid descent and loss of contact remains under investigation.

Aviation expert Imran Aslam told local broadcaster ARY News late Tuesday that it remained unclear what caused the aircraft to disappear from radar. He said that even if the plane had suffered an engine failure, it would normally have continued gliding rather than descending suddenly, adding that the exact cause would only become clear once investigators had gathered further evidence. Pakistan’s Bureau of Air Safety Investigation is expected to lead the formal investigation into the aircraft’s disappearance.

There has been no official confirmation of the aircraft’s ultimate fate as of this report, though Pakistani officials, including the prime minister’s office, have described the incident using language consistent with a crash into the sea. If a crash is ultimately confirmed, it would mark Pakistan’s first major civilian aviation disaster since May 2020, when a Pakistan International Airlines flight carrying 98 people crashed into a densely populated neighborhood near Karachi’s airport while attempting to land, killing all but one of the 99 people on board. A subsequent government investigation into that crash concluded that human error by the pilots and air traffic controllers had caused the accident.

As search operations continue across the Arabian Sea, Pakistani authorities have not provided a timeline for when the search might conclude or when further details about the crew members’ fate might be confirmed. Officials have said the difficult monsoon sea conditions and the scale of the search area remain the primary obstacles facing rescue teams as the operation moves into its second day.