The Tech Company That Rejects 99.9% of Job Applicants
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How are recent U.S.-Iran hostilities driving oil prices higher?
Oil prices continue to climb as fresh U.S. attacks on Iran end hopes of a quick resolution to the war. A federal immigration officer kills a man in Maine, the second deadly shooting in a week. And New York moves to ban the construction of data centers as the AI backlash grows.
Any data center that's here has to cover the cost of their own energy. You know, we just talked about the high cost of energies. It's not fair to ratepayers in our state. They have to have a higher cost because of a data center coming in.
It's Tuesday, July 14th. I'm Daniel Bach for The Wall Street Journal, filling in for Luke Vargas.
Why do Middle East producers believe the Strait of Hormuz may not return to pre-war norms?
And here is the AM edition of What's News, the top headlines and business stories moving your world today. The U.S. launched its third consecutive night of strikes on Iran after President Trump announced a multi-day wave of attacks and a renewed blockade in the Strait of Hormuz. The restart of fighting in recent days and fresh block on Iranian shipping sent U.S. crude futures up nearly 10 percent yesterday, wiping out a month of dropping oil prices that came after Washington and Tehran signed their Memorandum of Understanding to wind down the war. Journal foreign correspondent Georgy Kanchev says oil markets and Middle East producers now appear to be aligning around a new reality.
What are the details and implications of the Maine immigration officer shooting?
Now there's a realization here that the Strait of Hormuz may no longer be expected to return to its kind of pre-war norm. And so for oil market and for participants and for countries in the Gulf, the question becomes how do you adapt? And for countries around the Gulf, that means building bridges. pipelines and other ways to bypass the strait. And for the oil markets, it's pretty clear that the prices will have to rise because a big chunk of the world's oil supply is still a question mark.
The president has also said the U.S. would strike Pickaxe Mountain, a fortified underground nuclear site in Iran yet to be targeted since the war began in late February. Yesterday, the White House sent a letter to Congress saying it had resumed hostilities with Iran on July 7, restarting a 60-day clock where the U.S. can go to war with Iran without approval from lawmakers. Authorities in Maine say a federal immigration officer fatally shot a man during an enforcement operation yesterday in the coastal town of Biddeford. The Department of Homeland Security said DHS and Immigration and Customs enforcement officials tried to stop a person fleeing the scene in a car when an officer who was fearing for public safety discharged his weapon.
According to two immigration rights organizations in Maine, the 26-year-old man from Columbia had valid work authorization documents. Speaking to CNN, Maine Independent Senator Angus King said the man was not the target of the operation and said DHS needed to explain why officers were not wearing body cameras.
And that's what really the investigation is all about. What were the facts? Did this young man actually try to run over an ICE agent or was he in danger of running over other people in the street? And was there a reasonable expectation of bodily harm or deadly force to justify this shooting?
King told reporters that he had spoken with Homeland Security Secretary Mark Wayne Mullen, who assured him the investigation would be full, fair and transparent.
Why are U.S. data-center builders selling stakes to private equity this summer?
The shooting comes less than a week after federal immigration officers shot and killed a man in Houston who DHS initially said had tried to weaponize his vehicle. The man had lived in the U.S. for more than 35 years and was also not the target of the enforcement operation. At the same time, officials in the Minneapolis area said yesterday the state's top investigating agency had taken custody of evidence related to the shooting death of Renee Good by an ICE officer in January, including her vehicle and other physical evidence that they said was originally kept from state investigators. America's data center developers are ready to cash in on the AI boom. We're exclusively reporting that data center builders and operators across the U.S.
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Chapters
7 chapters
1
How are recent U.S.-Iran hostilities driving oil prices higher?
0:02–0:39
2
Why do Middle East producers believe the Strait of Hormuz may not return to pre-war norms?
0:39–1:20
3
What are the details and implications of the Maine immigration officer shooting?
1:20–3:21
4
Why are U.S. data-center builders selling stakes to private equity this summer?
3:21–4:48
5
What reasons did New York give for imposing a temporary ban on large data-center construction?
4:48–6:37
6
How is China challenging the U.S. in AI chips with the DF1000 and DF-2000 efforts?
6:37–8:10
7
Why is Bending Spoons so selective and what does its hiring process look like?
8:10–11:41
Speakers
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