Four Fingers News — Thursday, June 25, 2026
FOUR FINGERS NEWS
The News, Neat.
Thursday · June 25, 2026
FROM THE EDITOR · June 25, 2026
Day 118. The strait’s open — 57 ships through since Monday, oil sliding back toward pre-war lows, the headlines practically glowing. Here’s what I keep circling: Iran didn’t give up the tollbooth. It waived the fees. Sixty days, then we’ll see. A waiver isn’t a surrender — it’s the arm of the tollgate raised, not removed, and it comes back down whenever Tehran decides. Rubio says no tolls, ever. The tell is that even Iran’s own neighbors won’t back the fee — Oman ruled it out to his face in Manama. So the strait flows today because Iran chose not to squeeze, not because it can’t. I’ll believe it’s permanent when the choice stops being theirs. Bring the flask.
— T.
The Run Down
AI TRADE
Micron’s Blowout Snaps the AI Swoon; a Hot Inflation Print Lands the Same Morning
Micron’s fiscal third quarter arrived after Wednesday’s close with revenue quadrupled to $41.46B and earnings of $25.11 a share, well past the $20.78 Wall Street had penciled in, and the stock jumped about 18% after hours — the answer to the question the week opened with.
IRAN
Inspector Timing Splits Washington and Tehran as Talks Head to Switzerland
The UN nuclear chief says inspectors will visit Iran’s sites under the interim deal; Tehran says not until a final agreement is signed, and Vance says Iran agreed to resume after a “good day” of talks.
WAR FUNDING
White House Asks Congress for $87.6B, Most of It for the Iran War
The supplemental also folds in farm aid and an Ebola response, and lands as vulnerable Republicans weigh another vote tied to an unpopular war months before the midterms.
OIL
WTI Slips Under $70 for the First Time Since March
U.S. crude closed at $70.34 after briefly trading below $70 intraday — a level last seen Mar 2 — off roughly 4% on the session as traffic kept building back through the Strait of Hormuz.
NORTHWEST
Second Heat Wave in Two Weeks Settles Over Western Washington
A heat advisory runs across the region as a dome of high pressure pushes temperatures 15 to 20 degrees above normal along the I-5 corridor, with highs near 90. It is the second burst of heat in under 10 days for the Pacific Northwest.
MARINERS
Pirates Flatten Seattle 11–1 to Even the Series
A night after Cole Young’s hometown homer beat Pittsburgh, the Mariners ran into Braxton Ashcraft’s six strong innings.
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