AFBytes Quarter Rundown — Tuesday, July 14, 10:00 PM ET

Here's what you need to know from the last 24 hours. President Trump reversed his earlier decision to impose a 20 percent fee on cargo passing through the Strait of Hormuz. Instead, he's now seeking direct investment commitments from Gulf states. This policy shift could alter capital flows into American markets and infrastructure projects. The move affects energy shipping routes that influence global oil prices and U.S. energy costs. President Trump stated that U.S. forces will target Iranian energy infrastructure next week. He indicated that energy sites would be struck after other targets. Rising tensions could disrupt global oil supplies and push energy prices higher for American drivers and households. The moves also raise risks of broader conflict that could draw in U.S. forces. US military operations against Iran entered a fourth day with strikes and the reestablishment of a naval blockade around Iranian ports. The moves aim to restrict maritime traffic in and out of the country. The renewed US naval blockade directly affects global energy supply routes and shipping costs that feed into US fuel prices and household energy bills. Escalation risks higher defense spending that influences federal budgets and taxes paid by American workers. President Trump indicated that U.S. airstrikes would expand to Iranian power plants and bridges next week if negotiations fail. Further strikes could widen the conflict and increase U.S. military expenditures that ultimately affect taxpayer burdens and defense budgets. Donald Trump announced he is replacing a proposed 20 percent reimbursement fee for Hormuz security with large trade and investment commitments from Gulf states. Changes in transit policy or investment flows could influence energy prices and U.S. trade balances with Gulf partners. That's the day from where we sit — thanks for spending part of it with us. Stay with us at AFBytes for what's next.