live Hormuz traffic slows as uncertainty over waterway persists
Shipping through the Strait of Hormuz has slowed, according to the latest data, as uncertainty over the waterway’s reopening kept most s...
U.S. President Donald Trump said he expects Elon Musk to uncover hundreds of billions of dollars in fraud and waste at the Pentagon during an audit led by the billionaire.
"I'm going to tell him very soon, like maybe in 24 hours, to go check the Department of Education. ... Then I'm going to go, go to the military. Let's check the military," Trump said in a Super Bowl interview with Fox News' Bret Baier. “We're going to find billions, hundreds of billions of dollars of fraud and abuse.”
The Pentagon’s budget is approaching $1 trillion annually. In December, then-President Joe Biden signed a bill authorizing $895 billion in defense spending for the fiscal year ending Sept. 30.
Musk’s Role and Controversy
The White House has designated Musk as a special government employee, tasking him with leading an initiative to reduce the size of the U.S. federal workforce. As part of this effort, Musk’s aides have reportedly sought access to confidential government data, raising legal and security concerns.
Critics argue that Musk’s involvement could risk exposing classified information and gutting federal agencies without congressional approval. Additionally, Musk’s companies hold major defense contracts, leading to concerns over potential conflicts of interest.
Targeting Pentagon Inefficiencies
National Security Adviser Mike Waltz highlighted shipbuilding as an area needing scrutiny, citing delays and cost overruns. “Everything there seems to cost too much, take too long, and deliver too little to the soldiers,” Waltz said on NBC’s ‘Meet the Press’.
“We need business leaders to go in and reform the Pentagon's acquisition process,” Waltz added, pointing to waste and inefficiencies in military spending.
While leaders from both parties have long criticized waste at the Pentagon, Democrats and civil service unions argue that Musk’s Department of Government Efficiency lacks expertise to implement meaningful reforms without jeopardizing classified programs.
With Musk’s expanding role in government oversight, scrutiny over his influence and defense contracts is expected to intensify.
U.S. President Donald Trump says Washington is not seeking an extension of its memorandum of understanding with Iran, claiming the U.S. already controls the Strait of Hormuz through its naval blockade.
Iran has said the Strait of Hormuz will remain closed until the U.S. fulfils the terms of an interim deal, including lifting the maritime blockade and sanctions and releasing Iran’s frozen assets.
Shipping through the Strait of Hormuz has slowed, according to the latest data, as uncertainty over the waterway’s reopening kept most shipowners away. Six commodity vessels crossed the strait on Tuesday, down from nine the day before and below the 10-day daily average of 11.
Ukraine has targeted at least 20 Wildberries warehouses across Russia since 18 July, disrupting a major logistics network. Kyiv says the strikes aim to disrupt alleged military-linked supplies, while the attacks have caused billions of dollars in losses and wider economic pressure.
Russia said its air defences downed 180 drones over the Moscow region overnight, with 620 drones reportedly targeting the area, according to Moscow Mayor Sergei Sobyanin.
The U.S. imposed sanctions on the International Criminal Court's (ICC) President Tomoko Akane and a senior trial lawyer at the court Abdoulaye Seye on Tuesday, Secretary of State Marco Rubio said.
Ukraine's parliament has approved Yevhenii Khmara as the country's new defence minister, cementing a key leadership change as Kyiv navigates wartime priorities and a broader government reorganisation.
Thai schools conducted active shooter drills on Wednesday (19 August), as authorities moved to strengthen security measures two weeks after a 14-year-old opened fire at a school and killed at least eight people.
Apple has announced a major overhaul of its business terms for apps distributed in the European Union, introducing a five per cent commission on digital transactions outside its App Store and simplifying its fee structure as it seeks to comply with the bloc’s Digital Markets Act (DMA).
A record number of humanitarian workers were killed, injured or kidnapped in 2025, with the growing use of armed drones contributing to mounting risks in conflict zones, the United Nations said on Wednesday.
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