Editor’s Note: Jeff Brown and Marc Chaikin, two investment legends who picked Nvidia 10 years ago, are predicting that by the end of this month, Elon Musk’s new AI breakthrough will collide with a strange market pattern with a flawless 100% track record of massive market gains. Click here to see the details or read more below because the last time this happened everyday folks had a chance to turn $10,000 into as much as $350,000 in just about 12 months.

Dear Reader,

Take a look at Elon Musk’s new patent below…

Because it protects a new invention that could rewrite the future of wealth forever.

I’m talking about a radical new form of AI I call “M.A.G.I.”

One so revolutionary that Elon called it an “infinite money glitch.”

Click here to see the details because he believes this is a once-in-a-generation opportunity to create wealth on a scale most people can’t even comprehend.

What’s the upside potential here?

I know this is going to sound crazy…

But Elon is projecting growth of over 7,000,000%.

Let that sink in.

That’s enough to turn $100 into more than $7 million.

This sounds absolutely insane.

But then again… everything Elon has ever done sounded insane at first.

Self-driving cars.

Reusable rockets that land themselves.

Brain chips that let paralyzed people control computers with their minds.

Crazy ideas.

But he turned them into trillion-dollar realities.

So here’s the real question…

Will you watch Elon build another empire from the sidelines…

Or will you finally position yourself to potentially become one of the winners in his next trillion-dollar revolution?

Click here to get the details because I believe Elon will flip the switch on this new invention by the end of this month.

We have so much to look forward to,

Jeff Brown
Founder & CEO, Brownstone Research

Friday, August 7, 2026

Sixty free days end August 17. No replacement exist.

About 20 million barrels of oil move through the Strait of Hormuz every day. That is one-quarter of the world's seaborne oil. On June 17, the US and Iran signed the Islamabad Memorandum of Understanding. It ended the fighting and reopened the strait. It also gave commercial shipping 60 toll-free days. Iran agreed to allow passage with no charge.

That window closes around August 17. No agreed replacement exists. The MoU leaves fee terms to Iran and Oman after the window ends. But three separate tracks inside Iran are all building toward the same result.

Iran built the toll agency before the ceasefire was signed. Its parliament passed the toll bill through committee. On July 28, Iran rejected the only alternative on the table. Three institutional tracks. One deadline. No off-ramp. The machine is already running.

President Trump just returned from Beijing with the most powerful business delegation in American history…

Elon Musk. Nvidia’s Jensen Huang. Apple’s Tim Cook. Treasury Secretary Scott Bessent and the CEOs of CitiBank, BlackRock, and Goldman Sachs.

The media covered the handshakes, the state banquet, the 200 Boeing jets that China agreed to buy.

But, of course, they missed the real story.

Because while the world watched the pageantry, I believe something far more consequential was being negotiated behind closed doors.

Trump wasn't in Beijing to talk about soy beans. He was there to secure America's hemispheric grip on the most critical resource of the 21st century.

So precious, he desperately needs it to reverse the decline of the U.S. dollar. And so powerful, Vladimir Putin has said whoever controls it will "become the ruler of the world."

No one seems to be asking why Trump brought the CEOs of the world's most powerful technology and energy companies onto Air Force One.

Or what those men – who between them control more capital than most nations – were really there to negotiate.

And nobody has connected what went down in Beijing to a landmark pact signed by 13 nations in Washington just months ago – a pact designed to cut China out of the biggest investment wave in financial history.

But I have.

And what I've uncovered could impact everything about your financial future – from your stock portfolio to your retirement account to the purchasing power of every dollar you've saved.

In my new documentary, I expose exactly what Trump is really doing, how he has completely bypassed Congress to make it happen – and the five mission-critical assets sitting at the heart of his shocking, $3 trillion gambit.

Go here for the full story

The Persian Gulf Strait Authority was founded on May 5. That was six weeks before the MoU was signed. By May 18, it was operational. It has its own website, staff, and permit system.

Every vessel must file a declaration. Ownership, insurance, crew, cargo, route. The PGSA reviews the filing. A permit is issued only after a fee is paid. Windward, a maritime intelligence firm, reported charges of up to $2 million per vessel. The figure scales by ship size and cargo. Some vessels have already paid, in Chinese yuan.

The US sanctioned the PGSA on May 27. Vessels are paying anyway.

Secretary of State Marco Rubio spoke on June 23. No country can charge fees on an international waterway, he said. Arsenio Dominguez leads the International Maritime Organization, or IMO. He said there is no legal basis for mandatory tolls. Both cite UNCLOS, the UN law of the sea. But Iran signed UNCLOS without ratifying it. The US never ratified it either. The legal objection is real. The enforcement behind it is absent.

Observation: The PGSA has collected transit fees in yuan since May, despite US sanctions imposed May 27.
Interpretation: The toll infrastructure does not need to be built. It exists and processes payments outside the dollar system.

Iran's parliamentary National Security Committee passed a toll bill in late March. The bill sets a fee of roughly $1 per barrel of oil. It bars ships linked to the US and Israel.

The bill still needs a full parliamentary vote. Then Iran's Guardian Council must approve it. That body reviews all legislation for constitutional compliance. Then comes a presidential signature. But the direction is locked. Iran's legislature is working to make the toll permanent law, not just an executive fact.

Iran frames the charges as service fees, not tolls, arguing they cover navigation and safety services.

Observation: The toll bill cleared committee in March and advances toward a full vote.
Interpretation: This shifts the fee from executive action to legislative mandate, harder to reverse in any future deal.

Oman was the only country positioned to broker a different outcome. The MoU names Oman as the partner for the strait's future administration and maritime services. On July 9, Oman told the IMO it favors voluntary arrangements, not mandatory fees.

Over the weekend before July 28, Oman presented its proposal. It was modeled on the Strait of Malacca. There, shipping firms voluntarily fund navigation and safety services. No mandatory fees. Regional cooperation instead of one-country control.

Iran rejected it.

Deputy Foreign Minister Kazem Gharibabadi spoke on state television. Oman's plan did not address Tehran's concerns, he said. Iran submitted a counterproposal. Under Tehran's plan, one shipping lane would lie entirely in Iranian waters. Part of the other lane would also pass through Iranian waters. Iran would oversee both inbound and outbound traffic.

"Iran's policy is for the strait never to return to its prewar situation," Gharibabadi said.

On July 29, a senior Iranian official told Reuters the Omani initiative "has no chance of success."

Observation: Iran rejected Oman's voluntary model on July 28 and claimed oversight of both shipping lanes.
Interpretation: The only diplomatic alternative to mandatory tolls was closed by the party that controls the chokepoint.

Three things are worth tracking before the toll-free window closes.

First, whether the 60-day window gets extended. The MoU allows for it. Iran has shown no interest in delay.

Second, whether Oman re-engages. The gap between a voluntary model and Iran's claim over both lanes is wide. Closing it before August 17 would require one side to move far.

Third, watch insurance. War risk premiums on Hormuz-bound vessels sit at 7.5% to 10% of each ship's insured value. Earlier this year, those premiums ran 1% to 3%. That shift comes from Marcus Baker at Marsh, the world's largest insurance brokerage. S&P Global published his figures on July 22. When insurers price risk at that level, they expect the structure to hold. The insurance market is not waiting for August 17. It is already pricing a toll regime.

The agency exists. The law is moving. The only alternative was rejected on July 28. Twenty million barrels a day move through one chokepoint. The operator built the booth, wrote the fee schedule, and shut the last off-ramp. August 17 is the date.

Until next time,
The Navigator