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Crude oil fell sharply after Washington and Tehran agreed a 2-week cease-fire deal that included allowing shipping to transit the key Strait of Hormuz

Trump noted that the “double sided” ceasefire was contingent on Iran agreeing to an opening of the Strait of Hormuz.

U.S. Vice President said the response from Iran to ceasefire had varied, with some ‘lying about even the fragile truce that we’ve already struck.’

Shares Of Infrastructure Developer Erupt On Gulf Energy Reconstruction Prospects

The two-week U.S.-Iran ceasefire looks more like a pause in the six-week conflict than a long-lasting agreement, with language so broad and vague that it remains unclear who conceded what. The one clear point is that Iran’s reported willingness to allow vessel transits through the Strait of Hormuz was enough to send crude prices tumbling from triple-digit territory and spark a global relief rally across equities and bonds.

Everyone is breathing a sigh of relief on Wednesday morning, and traders are already identifying the companies best positioned to reap massive rewards from rebuilding damaged oil and gas infrastructure across the Gulf.

Shares of Chiyoda Corporation in Tokyo jumped 15.5% as traders assessed that the developer and builder of large-scale industrial infrastructure might be one of the major players in rebuilding damaged Gulf energy assets.

Chiyoda is a project developer and builder of industrial infrastructure, including:

LNG and natural gas processing plants, one of its flagship niches

Oil refining and petrochemical facilities

Energy infrastructure and environmental systems

“Fundamentally, if the Strait of Hormuz is reopened, the next step is reconstruction demand for petrochemical plants, desalination plants, and other facilities,” Kazuhiro Sasaki, head of research at Phillip Securities, wrote in a note.

On Tuesday, International Energy Agency Executive Director Fatih Birol told French newspaper Le Figaro that more than 75 energy sites across the Gulf region have been attacked, with about a third severely damaged, suggesting tens of billions of dollars in repairs.

Neil Newman, head of strategy at Astris Advisory Japan, wrote in a note, “It is relatively straightforward to identify the countries where reconstruction will be needed, determine the types of projects required, and match these directly to relevant Japanese companies.”

A Chiyoda spokesperson was quoted by Bloomberg as saying, “Based on the situation so far, we are considering the resumption of on-site work for the LNG project in Qatar.”

One of the most notably damaged energy assets in the Gulf region was Qatar’s Ras Laffan LNG facility, where repairs could take up to five years and cost billions of dollars. Bloomberg noted that Chiyoda receives about 46% of its revenue from Qatar.

Tyler Durden
Wed, 04/08/2026 – 07:20

New York Giants quarterback Jaxson Dart will be entering his first full season as the team’s starter with a completely different coaching staff guiding his decision-making.Giants head coach John Harbaugh revitalized the coaching staff heading into the 2026 season, including bringing in Matt Nagy as the team’s offensive coordinator. Nagy, who was the head coach of the Chicago Bears at one point, served as the Kansas City Chiefs’ offensive coordinator for the last three seasons.CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COMNagy worked directly with Patrick Mahomes as the team won the Super Bowl in 2023 and nearly completed a three-peat during the 2024 season. He spoke to reporters on Tuesday and expounded on advice he had for Dart as the former Ole Miss standout goes into his second NFL season.”The thing I would say with that conversation that I’ve had with Jaxson is just what you said. I think it’s a great point. He’s Jaxson Dart. He’s not Patrick Mahomes,” Nagy said when asked about imparting some lessons about working with the Chiefs’ quarterback. “I was able to be fortunate enough to be around Patrick for many years, and I saw Patrick as a rookie, and I got to see him when I came back from Chicago four years in. I got to see four more years of him as a vet.FERNANDO MENDOZA REPORTEDLY VISITING RAIDERS IN ONLY VISIT BEFORE NFL DRAFT”But we can use that for more, like, routines and maybe how we did things, but the one thing that I know – first of all, I know how much respect that Jaxson has for Patrick. We’ve talked a little bit about the process and what he’s been through, but we’ve also made it clear, you have to be Jaxson Dart. He’s going to do that.”It’s our job to surround him and insulate him, give him direction, but he has to be able to tell us, how he likes it, why he likes it, and so forth. We’re going to be really intentional on how we do that. You look at Brian Callahan. He’s been around a lot of great quarterbacks too, and he’s in a room with them now. He’s seen Peyton Manning to Matthew Stafford to Joe Burrow. That’s valuable. That’s really valuable.”Dart appeared in 14 games for the Giants in 2025 and showed some real promise at times. He had 2,272 passing yards and 15 touchdown passes to go along with 487 rushing yards and nine rushing touchdowns. He finished fourth in Offensive Rookie of the Year voting.Follow Fox News Digital’s sports coverage on X and subscribe to the Fox News Sports Huddle newsletter.

North Korea fired multiple short-range ballistic missiles toward the sea Wednesday in its second launch event in two days, South Korea’s military said, hours after a senior North Korean official released crude insults against Seoul’s hopes for warmer relations.South Korea’s Joint Chiefs of Staff said several missiles lifted off from North Korea’s eastern coastal Wonsan area on Wednesday morning and flew about 240 kilometers (150 miles) each in a direction toward the North’s eastern waters. It said an additional North Korean ballistic missile fired later Wednesday traveled more than 700 kilometers (435 miles) off the North’s east coast.South Korea’s military said it maintains a readiness to repel any provocations by North Korea under a solid military alliance with the United States. It earlier said it detected the launch of an unidentified projectile from North Korea’s capital region Tuesday.South Korean media reported the projectile, also likely a ballistic missile, disappeared from South Korean military radars after displaying an abnormal development in the initial launch stage. This indicated the launch ended in failure, according to the reports.’CREDIBLE INTELLIGENCE’ REVEALS NORTH KOREA’S SUCCESSOR TO KIM JONG UN, SOUTH KOREA SAYS The back-to-back launches came after North Korea made it clear that it has no intentions of improving ties with South Korea, whose liberal government has steadfastly expressed its hopes to restore long-dormant dialogue.On Tuesday night, Jang Kum Chol, first vice minister at Pyongyang’s Foreign Ministry, said South Korea would always remain North Korea’s “most hostile enemy state.” He derided South Korea as “world-startling fools” engaged in wishful thinking over a recent statement by Kim Yo Jong, the influential sister of North Korean leader Kim Jong Un.After South Korean President Lee Jae Myung expressed regret over alleged civilian drone flights into North Korea, Kim Yo Jong late Monday praised him for what she called honesty and courage, but reiterated a threat to retaliate if such flights recur. South Korean officials responded by describing Kim Yo Jong’s statement as meaningful progress in relations.NORTH KOREAN DICTATOR SAYS GOVERNMENT WILL KEEP CEMENTING NATION’S ‘IRREVERSIBLE STATUS AS A NUCLEAR POWER’ Jang said her statement was intended as a warning. He cited Kim Yo Jong as calling South Korea “the dogs affected by mange that blindly bark to the tune of neighboring dogs” as she criticized it for recently co-sponsoring of a U.N. resolution on the North’s purported human rights violations.North Korea has refused to return to talks with South Korea and the U.S. and pushed to expand its nuclear arsenal since Kim Jong Un’s diplomacy with U.S. President Donald Trump collapsed in 2019. North Korea has instead sought to strengthen ties with Russia, China and other countries embroiled in confrontations with the U.S. Last September, Kim Jong Un traveled to Beijing to attend a military parade alongside other foreign leaders and held his first summit with Chinese President Xi Jinping in six years.North Korea’s state media said Wednesday that Chinese Foreign Minister Wang Yi will visit North Korea on Thursday for a two-day trip.NORTH KOREA TESTS SOLID-FUEL MISSILE ENGINE AS KIM BOOSTS THREAT TO US MAINLAND Earlier this week, North Korea said Kim Jong Un had observed a test of an upgraded solid-fuel engine for weapons and called it a significant development boosting his country’s strategic military arsenal.Missiles with built-in solid propellants are easier to move and conceal their launches than liquid-fuel weapons, which in general must be fueled before liftoffs and cannot last long.South Korea’s spy agency told lawmakers Monday the engine test was likely related to an effort to build a more powerful solid-fuel intercontinental ballistic missile that can carry multiple nuclear warheads, according to lawmakers who attended the meeting.Experts say North Korea wants multi-warhead missiles to penetrate U.S. missile defenses, but they doubt Pyongyang has mastered the technology needed to acquire such a weapon.

1. Trump makes bold prediction after Iran ceasefire agreement2. NASA shifts playbook as Artemis II nears return3. Friend weighs in as American woman goes missing in the BahamasFREIGHT OF FEAR — Girl seen in FedEx truck in eerie final image before tragedy unfolded. Continue reading …MELTDOWN MODE — Sexual misconduct allegations rock California race as Swalwell campaign dismisses claims. Continue reading …TRUCKER TROUBLE — ICE nabs illegal immigrants after tips of ‘unusual’ flood of CDL customers at DMV. Continue reading …FISTS FLY — Angels slugger fights former teammates in wild brawl following inside pitch. Continue reading …POOL OF TROUBLE — Patriots coach responds after intimate photos with New York Times NFL reporter leak. Continue reading …–‘THE BRINK’ — Alexandria Ocasio-Cortez demands Trump’s removal even after Iran ceasefire deal. Continue reading …RISING DISSENT — Trump’s Iran threat rattles GOP as some Republicans break ranks. Continue reading …SEAT SECURED — Winner of special election projected for House seat vacated by MTG. Continue reading …LEFT LOCKS IN — Conservatives lose another seat on battleground state’s highest court. Continue reading …Click here for more cartoons… UNHINGED RANT — Dems’ favorite streamer Hasan Piker caught berating refugee on video. Continue reading …BATHHOUSE COMEBACK? — Liberal city mulls approval for adult sex venues in reversal of 38-year ban. Continue reading …LOSERS’ LAMENT — James Carville delivers blunt reality check about Democratic Party’s poll numbers. Continue reading …WOKE SHOWDOWN — Feds launch Title IX probe into K-12 school district over gender identity policy. Continue reading …STEVE FORBES — Iran’s nuclear insanity leaves America and allies no room to blink. Continue reading … JONATHAN TURLEY — This blue state’s latest attack on free speech is awful and sneaky, too. Continue reading …–‘IN GOOD SPIRITS’ — Country star, 87, is on the mend after breaking his neck in serious fall. Continue reading …FRIGID STOPOVER — Hundreds stranded for days on remote, freezing island after emergency flight diversion. Continue reading …AMERICAN CULTURE QUIZ — Test yourself on Tidal Basin traditions and baseball benchmarks. Take the quiz here …GOT THE RING — Chiefs owner’s daughter Gracie Hunt engaged to son of team’s former quarterback. Continue reading …THAT’S RISKY — Sleep expert warns about dangers of poor rest. See video …GOV. RON DESANTIS — Political and cultural bonds with parts of Europe have eroded. See video …REP. CHIP ROY — Dems cozy up with live streamer who said US deserved 9/11. See video …Tune in for a closer look at a sweeping new federal crackdown on fraud, targeting massive taxpayer losses and the systems experts say must change to stop it. Check it out …What’s it looking like in your neighborhood? Continue reading… FacebookInstagramYouTubeTwitterLinkedIn   Fox News FirstFox News OpinionFox News LifestyleFox News Entertainment (FOX411)Fox BusinessFox WeatherFox SportsTubiFox News GoThank you for making us your first choice in the morning! We’ll see you in your inbox first thing Thursday.

Former Virginia Gov. Glenn Youngkin accused the state’s sitting governor, Abigail Spanberger, of “illegal and unconstitutional” gerrymandering amid her push to redraw Virginia’s congressional maps.Virginians will vote April 21 on Spanberger’s redistricting referendum, a move that Youngkin said would give Democrats 10 of the state’s 11 congressional seats.Youngkin’s criticism of his Democratic successor comes as newly resurfaced comments from Spanberger highlight a shift in her stance on gerrymandering.”Gerrymandering is detrimental to our democracy and it weakens the individual voices that form our electorates. Opposing gerrymandering should be a bipartisan priority,” Spanberger wrote in a post to X, formerly Twitter, in June 2019.5 VIRGINIA CONGRESSMEN: DEMOCRATS ARE REJECTING VOTERS TO GERRYMANDER OUR STATEFox News host Sean Hannity said it is “corrupt” for Democrats to hold 10 of Virginia’s 11 congressional seats, noting that President Donald Trump lost the state by about 6 percentage points.Currently, Republicans hold five congressional seats, while Democrats hold six.Youngkin accused Spanberger of a “bait and switch” as several Virginia cities and counties push back against her redistricting referendum, which could restructure almost all of the state’s GOP-held districts.Critics also said the map redraw would unfairly boost Spanberger’s base by creating five new districts, potentially diluting the influence of rural voters in central and Western Virginia.VIRGINIA DEM ADMITS REDISTRICTING PUSH AIMS TO ‘STOP TRUMP’, NOT ABOUT ‘FAIRNESS’However, Spanberger’s office has denied claims that any internal deals were made to benefit Democratic candidates.Youngkin lamented that the legacy he built in Virginia will be undermined under Spanberger and new Democratic leadership, including Lt. Gov. Ghazala Hashmi and Attorney General Jay Jones.”It’s most frustrating for people in Virginia — really frustrating for me — because we had, I think, advanced the state to literally a nationally leading position across job creation and financial security and opportunity and safety and education, but now we see them trying to undo all of it,” he told “Hang Out with Sean Hannity.”Spanberger’s popularity has declined since her November 2025 victory, with 46% of Virginians disapproving of her performance — the highest disapproval rating at this point in a term for any Virginia governor in over three decades, according to a Post-Schar School poll.George Mason University Schar School Dean Mark Rozell, the poll’s co-sponsor, said it is “unusual” to see results like this so early in Spanberger’s term after running on a “centrist image.”Fox News Digital reached out to Spanberger’s office for comment.

The West is losing its ability to tell truth from falsehood, and the consequences are no longer abstract. What we’re witnessing is the rise of what I call the “keyboard courtroom,” a digital arena in which out-of-context photos and doctored videos pass as “proof” and where moral judgments are rendered instantly, emotionally, and often incorrectly.In the keyboard courtroom, terrorism is reframed as “resistance,” victims are recast as “oppressors,” and atrocities are dismissed as propaganda, while unverified claims spread unchecked. Our geostrategic enemies — China, Russia, and Iran — play an outsized role, spreading divisive falsehoods. And a growing number of Americans, especially younger voters who get most of their news online, are ill-equipped to assess, at a baseline level, the veracity of what they’re seeing.WHEN HATE BECOMES A BUSINESS: THE MONETIZATION OF ANTISEMITISMThe results are startling. For the third time in a single week, Jewish businesses and ambulances were targeted in a fire-and-bombing spree that’s consumed London — all while the government watches the alarming spike in British antisemitism with mostly disinterested silence. This follows closely an attack a few weeks ago in Michigan, where a deranged anti-Israel advocate crashed an explosive-laden car into a Jewish school, with over 140 Jewish children inside — an attack many media outlets justified by noting that the terrorist’s family members had been killed in an Israeli airstrike.What they mostly failed to add was that those same family members had been targeted because they were Hezbollah operatives — sworn to the destruction of the Jewish State and its seven-plus million Jewish citizens.None of this moral confusion should surprise us. We saw it on full display on Western campuses and in Western media outlets in the aftermath of the Hamas pogrom of October 7, in which 1,200 Jews were brutally murdered, scores of Jewish women were raped, and dozens of Jewish children were kidnapped and held hostage for hundreds of days. In one now-infamous example, a Yale professor called the rape-and-killing bloodbath “exhilarating.”SIGN UP FOR ANTISEMITISM EXPOSED NEWSLETTERI’ve spent the last two-plus years trying to understand how we got here, speaking at dozens of universities, high schools, and religious centers across the country. What I’ve found is that the problem isn’t just bias. It’s method. We’ve lost any semblance of a basic framework for evaluating contested claims.There is, however, one place where ordinary people still get this right: the courtroom.I’m constantly amazed by the extent to which twelve complete strangers get together in the jury box, analyze hundreds of pieces of evidence, listen to hours of argument, and then issue precisely the right verdict. It’s not because they understand the nuances of patent or antitrust law. It’s because they’re given a methodology that’s been tested over hundreds of years to help everyday people apply their common sense to complex problems.We call these playbooks “jury instructions.” But we might as well call them “truth guides.”CLICK HERE FOR MORE FOX NEWS OPINIONCourtrooms aren’t perfect, but they’re the best laboratories we have for the adjudication of contested claims because they give ordinary people a way to think through hard issues. We start with objective evidence — physical evidence created before the dispute arose, images that can be time-stamped and geolocated, statements a party made against its own interest. We rely on the observations of neutral third parties. When a party lies, we hold it accountable. When it “loses” evidence or refuses to produce it, we draw the appropriate inference. And when the facts cut in different directions, we say so and explain why some kinds of proof deserve more weight than others.This is how civilized societies resolve complicated disputes.If we want to prepare the next generation of Americans for the information war we’re now fighting, we must teach them, starting in middle and high school, to separate analysis from advocacy and to mark the clear line between facts and slogans. We must train them to evaluate contested claims with an open mind, hewing closely to established facts and governing rules, and steering clear of emotion masquerading as argument, bias cloaked as certainty, prejudice posing as principle.We must teach them, in short, in the keyboard courtroom, to be more like jurors.*The views expressed in this article are the author’s alone and are not those of the federal judiciary.*

The numbers don’t lie. The IRS’s latest migration data shows that between 2022 and 2023, New York and California posted a combined net loss of 373,309 people, taking with them $23.5 billion in adjusted gross income that both states no longer collect taxes on, verified directly from the IRS raw migration files. That’s not people on vacation. That’s the tax base, permanently reassigned. The CEO of the Partnership for New York City said it plainly: “The crowd that keeps daring businesses to leave should treat this as a flashing warning sign. When jobs go, revenue goes as well and the affordability problem gets worse.” That’s cause and effect.Wealth taxes sound great until reality hits. Taxes aimed at the ultra-wealthy always land on the backs of the middle class. Job creators leave. The ones that stay raise prices or cut jobs. Services shrink. Costs rise. That’s not a path to affordability. It’s a roadblock to it.California is the case study. The state recorded a net loss of 216,000 residents in 2025 alone, and Los Angeles County led the nation in population decline, shedding 54,000 residents in a single year. Two policies are accelerating the exit. First, a retroactive wealth tax is heading to the ballot, backed by 52 percent of voters. The wealthy are already gone. That eroded tax base lands on the middle class. Second, a push for a $30-per-hour minimum wage in Los Angeles and beyond. Mandatory wage floors increase unemployment, reduce labor demand and push prices higher. People aren’t leaving California because they want to. They can’t afford to stay.BLUE STATES ARE CHANGING THE TAX RULES ON THE WEALTHY AND IT’S GOING TO COST ALL OF USNew York isn’t far behind. JPMorgan Chase CEO Jamie Dimon warned this week that politicians who think excessive taxation is “moral” are hurting the cities they claim to help, and that Americans “vote with their feet.” He’s right. Mayor Mamdani is threatening a 9.5 percent property tax hike on middle-class New Yorkers, hitting over three million residential units, most occupied by households earning around $122,000 a year, while eyeing the city’s rainy day reserves to plug the gap. Taking more from people who are already stretched doesn’t close the affordability gap. It widens it.So where are people going? Florida, Texas, Tennessee, Nevada, all states with no income tax. The capital is following. Bloomberg reported that between 2020 and early 2023, more than 370 investment firms managing $2.7 trillion in assets relocated their headquarters out of high-tax states and into the Sun Belt. New York and California each lost roughly $1 trillion in managed assets. Money flows in the direction of least resistance. It always has.For those who stay, the experiments don’t improve. In Cook County, Illinois, a guaranteed basic income pilot provides $500 in unconditional monthly payments to over 3,200 families. Advocates are pushing to expand it to 100,000 Illinois residents statewide, and a coalition of 150 city officials called “Mayors for Guaranteed Basic Income” is driving the same push nationwide. No strings attached for recipients, but a giant one attached to taxpayers.The third leg of the progressive affordability stool is price controls. Politicians have accused grocers of gouging, even as the Food Industry Association puts average grocery net margins at 1.7 percent. That’s not gouging. That’s survival. These same voices want healthcare costs capped, ignoring that a government insurance mandate broke that market. Rent freezes are already on the table in New York City. The logic never changes: declare a crisis, blame the private sector, impose controls. What follows is just as predictable: supply falls, investment stops, shortages deepen and the calls for more intervention grow louder. Price controls don’t solve the affordability problem. They cement it.The trajectory is clear. A 2026 survey found 38 percent of Americans have already moved because their city became too expensive, doubling among Gen Z. Twice as many as the year before say they’d go wherever the cost of living is low. If California passes its wealth tax, if New York locks in its property hike, if price controls spread from rent to groceries to healthcare, the people who can leave will. The ones who can’t get left with a shrinking tax base and an expanding government. The only question is whether the politicians engineering this exodus will ever be held accountable for it.This isn’t theoretical. It’s playing out in real time, in real cities, to real families. The people leaving aren’t making a political statement. They’re making an economic calculation and the math isn’t close. The progressive playbook of tax more, spend more, and control prices has never produced affordability. It has produced exactly what we’re watching: an exodus. The IRS data is the verdict. The migration is the punishment. Soaring populist rhetoric makes for a great sound bite. It makes life more expensive for everyone else though. That’s why people are voting with their feet.