AFBytes Daily Rundown — Monday, August 10

Folks. Here are the top stories from the last 24 hours. According to NBC News, US President Trump stated that the US is only semi-negotiating with Iran. Iran issued demands tied to reopening the Strait of Hormuz, which has prompted higher oil prices and additional US sanctions. This could raise energy costs for American drivers and households, and affect global trade flows. France24 reports that Iran's Revolutionary Guards announced they will not reopen the Strait of Hormuz until the US complies with listed demands. These demands include political and military concessions. This could lead to higher global oil and LNG prices, affecting U.S. energy bills and transportation costs. The US president indicated willingness to relax nuclear-related pressure on Iran in exchange for reopening the Strait of Hormuz. This move targets restoration of commercial shipping lanes. Changes in Hormuz access would directly affect global oil flows and energy prices paid by American drivers and manufacturers. 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.