Iran and Oman have presented to the U.S. a proposal for the administration of the Strait of Hormuz that includes the joint collection of administrative fees by the two Middle East nations, four sources told NBC News.
In 1874, the state geologist of Pennsylvania, then the nation's leading oil producer, warned that the U.S.
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The White House is trying to break a fireworks record on Saturday—but doing so will likely cost taxpayers a pretty penny.The Trump administration has not communicated how much the July 4 celebration will cost, or who is expected to foot the bill for the pyrotechnics display. There has been no public record of the company behind the show, Pyrotecnico, receiving a standard government contract for the job, as has been the case with Washington’s previous July 4 celebrations.In lieu of concrete digits, NOTUS’s Anna Kramer reached out to several fireworks companies for a rough estimate on the show’s price tag. They projected the cost in the millions.“You’re talking a many multimillion-dollar production, without a doubt,” James Woods, the director of sales at Pyro Shows in Tennessee, told NOTUS. Pyro Shows assisted in one of the previous world record-setting fireworks displays in Dubai in 2014.Woods told NOTUS that some of the individual shells used in the upcoming celebration could cost anywhere between $50 to $1,000. NOTUS estimated that if even “3 percent of the devices used in this show cost $50, that would total $1.3 million for those devices alone.”This year, the Freedom 250 celebration has promised a record-shattering 40-minute display beginning at 10:30 p.m. that will use more than 860,000 explosives. They’ll be set off along the Reflecting Pool, as well as in West Potomac Park and off of eight barges on the Potomac River.The current record is held by the Iglesia Ni Cristo, a church in the Philippines that earned the Guinness World Record title in 2016 for lighting 809,000 fireworks during a New Year’s Eve event.Another fireworks professional, Kellner’s Fireworks owner Bob Kellner, hypothesized that even if the entire record-setting show were composed of “filler” shells (the cheapest explosives possible, sold for around $2 a pop), the display would still cost a minimum of $1.7 million. But only hitting that bare minimum is highly unlikely, as more sophisticated fireworks cost significantly more.There is just one federal record offering details about the upcoming semiquincentennial. A document from the Interior Department, dated December 2025, dedicated $1.5 million to Garden State Fireworks to run the display. But that was months before Donald Trump promised to launch “the LARGEST FIREWORKS SHOW IN HISTORY” on Independence Day 2026.NOTUS reported that Garden State Fireworks has been responsible for the capital’s July Fourth show for the last decade, and typically receives a contract between $250,000 and $300,000 for the display.
Some leading European powers now accept that ships transiting the vital Strait of Hormuz will have to pay fees to Iran and Oman, according to people familiar with the matter.
Iran’s joint military command on Thursday warned of a “forceful response” if all the oil tankers passing through the Strait of Hormuz do not follow the approved routes. “Any failure to comply, deviation from the designated route, or disregard for the navigation protocols of the Islamic Republic of Iran in the Strait of Hormuz will…
