{"id":66557,"date":"2026-08-14T21:08:14","date_gmt":"2026-08-15T01:08:14","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-energy-and-tech-volatility-trump-threatens-strait-annexation-as-nvidia-reshapes-ai-commitments\/66557\/"},"modified":"2026-08-14T21:08:14","modified_gmt":"2026-08-15T01:08:14","slug":"global-energy-and-tech-volatility-trump-threatens-strait-annexation-as-nvidia-reshapes-ai-commitments","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-energy-and-tech-volatility-trump-threatens-strait-annexation-as-nvidia-reshapes-ai-commitments\/66557\/","title":{"rendered":"Global Energy and Tech Volatility: Trump Threatens Strait Annexation as Nvidia Reshapes AI Commitments"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>President Trump<\/strong> threatened to declare the <strong>Strait of Hormuz<\/strong> a U.S. territory, escalating a naval blockade that has already halted most Iranian oil exports.<\/li>\n<li><strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>)<\/strong> significantly reduced its financial guarantee for a massive <strong>OpenAI<\/strong> data center project in Ohio, cutting the commitment from <strong>$250 billion<\/strong> to under <strong>$120 billion<\/strong> to manage risk.<\/li>\n<li><strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>)<\/strong> disclosed a <strong>$21 billion<\/strong> stake in <strong>SpaceX<\/strong>, revealing deep financial ties with <strong>Elon Musk\u2019s<\/strong> aerospace giant following its June IPO.<\/li>\n<li><strong>Russia<\/strong> admitted to renewed petrol shortages and implemented rationing in several regions after Ukrainian drone strikes crippled major refineries, including the <strong>Orsk<\/strong> facility.<\/li>\n<li>A powerful <strong>magnitude 7.7 earthquake<\/strong> struck off the coast of <strong>Indonesia<\/strong>, triggering tsunami warnings across several provinces and adding to regional instability.<\/li>\n<\/ul>\n<h2>Geopolitical Tensions Reach Boiling Point in the Middle East<\/h2>\n<p>U.S. President <strong>Donald Trump<\/strong> intensified his rhetoric against Tehran on Friday, suggesting the U.S. may soon declare the <strong>Strait of Hormuz<\/strong> a &quot;territory of the United States.&quot; Speaking at a political event, Trump claimed the U.S. already maintains &quot;total control&quot; over the waterway via an ongoing naval blockade that has reportedly cost Iran billions in lost oil revenue. Iranian officials immediately rejected the claim, asserting that control over the strategic chokepoint\u2014through which 20% of global oil passes\u2014remains under Iranian authority.<\/p>\n<p>The maritime conflict escalated further as the <strong>United Arab Emirates<\/strong> accused Iran of drone attacks on two tankers operated by <strong>ADNOC<\/strong> in the Strait. While no injuries were reported, the attacks underscore the extreme risks to global energy security as the U.S. blockade continues to redirect or interdict vessels tied to Iranian trade. Despite the blockade, reports surfaced that an Iranian supertanker successfully loaded <strong>2 million barrels<\/strong> of crude at <strong>Kharg Island<\/strong>, the first such activity since the terminal was emptied in late July.<\/p>\n<h2>Nvidia Recalibrates Massive AI and Aerospace Investments<\/h2>\n<p>In the technology sector, <strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>)<\/strong> is taking a more cautious stance on its capital-intensive AI partnerships. The chipmaker has reportedly slashed its planned financial backstop for an <strong>OpenAI<\/strong> data center campus in Ohio to less than <strong>$120 billion<\/strong>, down from an initial <strong>$250 billion<\/strong> proposal. The move follows investor concerns regarding <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a>&#39;s balance sheet exposure to the multi-hundred-billion-dollar project, which is being developed in collaboration with <strong>SoftBank<\/strong>.<\/p>\n<p>Simultaneously, a Friday SEC filing revealed that <strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>)<\/strong> holds a <strong>$21 billion<\/strong> stake in <strong>SpaceX<\/strong>, equivalent to approximately <strong>123 million shares<\/strong>. This position, largely acquired through an investment in Musk&#39;s <strong>xAI<\/strong>, makes <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> the sixth-largest institutional shareholder in the aerospace firm. The disclosure highlights an &quot;entangled&quot; relationship between the two companies, as <strong>SpaceX<\/strong> has committed to using <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> hardware exclusively for its expanding AI infrastructure.<\/p>\n<h2>Energy Crises and Natural Disasters Impact Global Stability<\/h2>\n<p><strong>Russia<\/strong> is facing a deepening domestic energy crisis, with the government acknowledging &quot;tense&quot; petrol shortages across multiple regions. Ukrainian drone strikes have successfully targeted critical infrastructure, forcing the <strong>Orsk refinery<\/strong> offline for an estimated six months and disrupting the <strong>Sheskharis<\/strong> terminal at the Black Sea port of <strong>Novorossiysk<\/strong>. In response, Russian authorities have introduced fuel rationing based on license plates in regions such as <strong>Kaluga<\/strong> and <strong>Lipetsk<\/strong>.<\/p>\n<p>In Southeast Asia, a <strong>magnitude 7.7 earthquake<\/strong> struck off the coast of <strong>Indonesia<\/strong>, prompting the <strong>USGS<\/strong> and local agencies to issue urgent tsunami warnings. The tremor, centered near <strong>North Sulawesi<\/strong>, forced evacuations in coastal areas and added a layer of humanitarian concern to an already volatile week. Meanwhile, in the currency markets, the rare coordinated <strong>U.S.-Japan yen intervention<\/strong> showed signs of unravelling, with the yen sliding back toward the 160 level as traders expressed disappointment over the lack of sustained central bank support.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways President Trump threatened to declare the Strait of Hormuz a U.S. territory, escalating a naval blockade that has 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