Iran says the Strait of Hormuz is shut down. The Trump administration says 9 million barrels a day are still getting out

WorldPing

"Hefty chunk of non-Iranian crude still getting out, unlike the Iranian crude that isn’t."…

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Gizmodo•

Trump Declares the Few Drones You Can Still Buy Will Cost Way More

The U.S. is determined to keep you from buying a consumer drone.

Brief by WorldPing · Original reporting by Gizmodo

WorldPing

The Guardian•

BP to develop offshore gasfield in Venezuela with firms linked to Trump administration

Move will be one of first large-scale foreign investments in country since US ousted leader Nicolás Maduro in January BP has answered Donald Trump’s call for oil companies to help rebuild Venezuela’s fossil fuel industry with new plans to develop a l…

Brief by WorldPing · Original reporting by The Guardian

WorldPing

Fortune•

Elon Musk’s $158 billion Tesla pay was 2.5 million times his workers’ salary last year—it’s ‘unlike anything we have seen before,’ exec pay watch says

Elon Musk earned $158.3 billion in compensation last year, receiving the median Tesla worker's pay in just 4.23 seconds.

Brief by WorldPing · Original reporting by Fortune

WorldPing

BBC News•

Trump asks Supreme Court to allow ballroom work to continue

Forcing the US president to go "hat-in-hand to Congress" for permission would be "dangerous", the administration says.

Brief by WorldPing · Original reporting by BBC News

Al Jazeera•

Trump asks US Supreme Court to allow $400m ballroom project to proceed

Appeals court previously ruled that Trump administration must seek authorisation from Congress to continue with project.

Brief by WorldPing · Original reporting by Al Jazeera

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CryptoSlate•

Another public company abandons Bitcoin playbook after treasury volatility drove $22 million loss

The company cleared its Coinbase debt and reported about 760 BTC as of July 23, the latest point balance in its disclosures.

Brief by WorldPing · Original reporting by CryptoSlate