Iranians will not allow Donald Trump to take over the Strait of Hormuz, a Tehran University analyst has warned, as the US president faces fresh scrutiny over his domestic agenda. Foad Izadi, a government supporter, gave the warning in response to Trump's latest statement on the strategic waterway, through which about a fifth of global oil passes.
Separately, Trump's new child investment accounts – branded as Trump Accounts – went live on July 4, with 6 million children already enrolled. The scheme offers a $1,000 Treasury bonus for every baby born during Trump's second term, a total of roughly 14.3 million children costing about $14.3 billion. Funds are invested in S&P 500 index funds and held at Bank of New York Mellon until the child turns 18, then converted into an IRA. The tracking app was developed in partnership with Robinhood, the trading platform that previously faced regulatory objections over confetti animations on stock trades.
“Iran analyst warns Trump over Strait of Hormuz; 6 million US children enrolled in Trump Accounts”
Hannah, a 31-year-old freelance arts professional and mother of a 9-month-old in Brooklyn, New York, said she opened an account despite being "vehemently" opposed to Trump. "It's a free $1,000," she said. Her partner criticised the move, warning: "Trump's name is on it, you never know who they're tracking with that." Tax attorney Adam Bergman of IRA Financial Group, however, predicted his children would "be tax-free millionaires."
Trump described the programme as "ownership of America's future", while Treasury Secretary Scott Bessent said in January that Trump Accounts would "render socialist notions moot by making every citizen a shareholder" and called it "the largest merger in history between Main Street and Wall Street."