Trump’s Iran deal crushes oil below $80
Trump does it again: Strait of Hormuz to reopen Friday
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Oil plunges below $80 as Trump completes Iran Hormuz deal
President Donald Trump announced a completed deal with Iran to reopen the Strait of Hormuz without tolls and end the U.S. naval blockade, driving U.S. crude prices below $80 a barrel for the first time since March amid broad market relief.
Crude futures tumble sharply: U.S. crude dropped 5.64% to $79.99 per barrel while Brent fell 5.07 percent to $82.90 in early European trading on the news.
Trump signals rapid reopening: The president posted that ships should start engines with the strait opening Friday after the Switzerland signing ceremony for mine removal purposes.
Pakistan confirms peace terms: Prime Minister Shehbaz Sharif stated the U.S. and Iran declared immediate permanent termination of military operations on all fronts including Lebanon.
Energy shares pressured lower: Stoxx 600 energy sector fell 2.3 percent and FTSE energy dropped 4 percent with BP and Shell shares declining notably.
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Hormuz traffic odds hit 58 % of normal by August on Kalshi
Following President Trump’s Iran deal announcement traders on Kalshi pushed odds of Strait of Hormuz traffic returning to normal before August above 50% for the first time since late May with over 75% chance by year end.
Odds surge after announcement: Probability reached 58% for pre-August normalization and 75% before end of year after removal of U.S. naval blockade confirmed.
Trump clarifies timeline: The strait opens after Friday Geneva signing for mine removal under Iranian arrangements with toll-free long-term access expected.
Qatar seeks more clarity: Officials requested details on outstanding issues including freedom of navigation while Israel continues operations in security zones.
Vance notes early signs: Vice President reported increased traffic flow in the past 24 hours as signing approaches.
Trump threatens 100% wine tariffs unless France scraps tech tax
President Donald Trump warned France it must eliminate its 3% digital services tax on U.S. tech firms or face 100% tariffs on all champagne and wines exported to America ahead of the G7 summit.
Macron directly addressed: Trump said he asked the French president not to charge American companies otherwise imposing full tariffs on wines and champagnes.
Tax targets big tech: The 2019 levy applies to gross revenues in France from large firms including Amazon Meta and Alphabet.
Wine exports significant: U.S. market accounts for roughly one fifth of French wine sales valued at about $2 billion dollars annually.
Prior threats recalled: Similar retaliatory moves occurred in 2019 and earlier this year including 200% tariff proposals on French wines.
SpaceX surges six percent after record IPO at $2 trillion valuation
SpaceX shares gained 6% on their first full trading day after Friday’s historic 19% jump in the largest initial public offering ever pushing the company’s market capitalization above $2 trillion dollars.
Musk eyes trillion revenue: Elon Musk posted the company might reach approximately $1 trillion dollars in 2030 revenue and exceed it in 2031 after $18.7 billion last year.
Analysts divided sharply: CFRA started with sell rating and $115 dollar target citing ambitious growth while NewStreet gave $165 dollar bullish view over long horizon.
Capital spending spikes: First quarter expenditures hit $10.1 billion dollars mostly directed toward artificial intelligence nearly double prior year.
Launch dominance highlighted: Experts noted at least ten year lead with Starship enabling massive orbital payloads for Starlink and data centers.
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Fox agrees to acquire Roku in twenty two billion dollar deal
Fox Corp. announced a $22 billion dollar cash-and-stock acquisition of Roku combining its news sports Tubi streamer with Roku’s devices and channel in a major media streaming consolidation expected to close first half of 2027.
Deal structure detailed: Roku shareholders receive $160 dollars per share with Fox funding cash via $12 billion loan and existing cash Roku owners get 27% of combined entity.
Murdoch calls defining: Fox CEO described it as reorienting around live news sports and advertising with plans to keep Tubi and Roku Channel separate.
Roku platform strength: CEO Anthony Wood noted reach to over one hundred million households globally and $145 billion hours annual engagement.
Synergies projected: Approximately $400 million dollars in run-rate cost savings expected plus additional revenue upside from complementary services.
Anthropic meets Trump officials over Mythos AI model suspension
Senior Anthropic executives convened with Trump administration officials in Washington Monday seeking to resolve a government directive suspending access to its new Fable 5 and Mythos 5 AI models for foreign nationals citing national security.
Directive issued Friday: Export control order required disabling models to any foreign national inside or outside U.S. after prior government approval for deployment.
Dispute called misunderstanding: Company stated belief centers on narrow potential jailbreak in cybersecurity guardrail and plans quick restoration of access.
Recent history strained: Follows earlier Pentagon supply chain risk label and ongoing lawsuit after models tested with agencies.
Models capabilities noted: Fable 5 and Mythos 5 excel at software vulnerability identification with new safeguards but face broad enterprise rollout halt.
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Below $80 a barrel? When in hell will the people see it at the pump?????
Lmfao. Things the literally did not happen.