Citi Posts Best Quarter in a Deca...
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Citi Posts Best Quarter in a Decade, US Drops Hormuz Toll, Blockades Iran Ports
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Curious Professional — July 15, 2026: US Drops Hormuz Toll But Blockades Iran Ports, Citigroup Posts Best Quarter in a Decade

Today's 10-minute briefing: the US scraps its Hormuz shipping toll but officially begins a naval blockade on Iranian ports — so the crisis isn't over. Citigroup and Wells Fargo post blockbuster Q2 earnings, with Citi's best revenue in ten years. Plus, Nvidia's next-gen AI server racks hit a year-long manufacturing delay.

In this episode:

  • US drops its 20% Hormuz shipping toll, but a naval blockade on Iranian ports begins — why the risk of conflict isn't over
  • Citigroup posts its best quarterly revenue in a decade; Wells Fargo beats estimates too — what the numbers reveal about the US economy
  • Nvidia's next-gen AI server rack faces a year+ delay — the har ... 
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