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Moderate Democrat Projected to Win Wisconsin Primary; Trump Claims Hormuz Control | Bloomberg...
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August 12, 2026
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15:40Now PlayingToday's top stories, with context, in just 15 minutes.
On today's podcast:
1) Moderate Democrat David Crowley is projected to defeat Democratic Socialist Francesca Hong in Wisconsin’s primary for governor, an upset in a race that became a test of the party’s ideological direction. Crowley had 39.8% of the vote to Hong’s 39.38%, with more than 95% of the expected vote counted, according to Decision Desk HQ, which projected him to win the Democratic primary. The Associated Press also called the race for Crowley.
2) President Donald Trump claimed the US had “total control over the Hormuz Strait,” as Washington and Tehran hardened their stances in deadlocked negotiations over the waterway. “We own it,” Trump told reporters at Joint Base Andrews outside Washington late Tuesday. “And at some point, maybe they’ll do something, and then they get blown away.”
3) Global oil inventories will tumble this quarter at more than twice the rate previously estimated as the Iran war flares again, even as the hit to demand from high prices deepens, the International Energy Agency said. Oil markets face a shortfall of 1.8 million barrels a day as “renewed hostilities and maritime disruptions” undermine a production recovery, the IEA said in its monthly report. For 2026 as a whole, the deficit will likely be the widest in five years.
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