Axios

Iran "will bring the management of the Strait of Hormuz into a new stage" during negotiations with the U.S., the country's supreme leader Mojtaba Khamenei said in a new public message Thursday.

Why it matters: The Strait of Hormuz — a narrow waterway off Iran's southern coast vital to the normal functioning of the global economy — remains effectively closed.

A West Texas revolt is erasing hundreds of miles of President Trump's planned border wall.

Why it matters: The opposition in the Big Bend sector, which includes 517 miles of the southern border along the Rio Grande, is against the physical steel wall, not border security in general.

JPMorganChase has inked a deal with a startup to remove carbon from the air — a step that could also prevent wildfires, Axios has learned.

Why it matters: The purchase signals that the carbon removal industry is pushing ahead despite policy setbacks — and highlights how near-term benefits can help drive deals.