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Two sailors are dead as Iran’s war reaches deeper into the Strait of Hormuz, while Washington tells states to report undocumented immigrants or risk federal aid. Elsewhere, bond yields are hitting multiyear highs across four continents, and college football opens with most ranked teams facing little real danger.

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The Big Read

Iran's War Moves Into the Strait of Hormuz

Two Filipino sailors died aboard the supertanker Sidr, which Saudi Arabia says an Iranian attack hit with projectiles north of Oman's Musandam Peninsula on Monday night. Shipping company Bahri confirmed the strike, and a South Korean-owned tanker was reportedly struck east of the same headland within hours of it.

Early Wednesday, Iran fired on US allies across the Gulf, ending a monthlong lull in a conflict now entering its seventh month. Tehran has not answered the tanker accusation, having said earlier that two ships caught fire after hitting mines on an unauthorized route.

Justice Department Tells States to Report Undocumented Immigrants

Every state must now report known undocumented immigrants to Homeland Security or risk losing federal aid money, under a new Justice Department opinion. Assistant Attorney General T. Elliot Gaiser wrote that "Congress wrote this requirement plainly," revising a 1998 opinion that applied far more narrowly than this one does.

Earlier guidance limited the duty to the specific agencies that administer welfare and Supplemental Security Income benefits. States that decline now face losing the funding behind cash assistance, food aid and disability payments for millions of low-income residents.

The Bond Market Breaks Records on Four Continents

Germany's 10-year bund climbed to 3.378% on Wednesday, its highest since 2011, while UK gilts hit a post-2008 high of 5.25%. Japan's 10-year crossed 3% a day earlier, a level the country had not seen in roughly three decades.

Across the Atlantic, the 10-year Treasury yield touched 4.818%, its highest since November 2023, before settling back near 4.78%. Stocks shrugged the whole thing off, with the Dow up 0.56% to 53,061.95 and the S&P 500 snapping a three-day slide.

World View

Spain Erupts Over the Ceuta Migrant Crisis

Accusing Prime Minister Pedro Sánchez of abandoning the enclave of Ceuta, thousands marched across Spanish cities on Wednesday. A police report released the same day said Moroccan forces showed "total permissiveness" as 72,000 people crossed in late July.

Malta Acquits the Tycoon Accused of Ordering a Journalist's Murder

A Maltese jury acquitted Yorgen Fenech on Wednesday of masterminding the 2017 car bombing that killed investigative reporter Daphne Caruana Galizia. Two brothers, George and Alfred Degiorgio, were jailed for 40 years over the same killing back in 2022.

Dutch Central Bank Ships Its Gold to London

Citing rising geopolitical unrest, the Dutch central bank moved 86 metric tons of gold out of North America over the course of several months. Bank president Olaf Sleijpen said the transfer strengthens Dutch resilience and lets the reserves be traded quickly in a crisis.

Need To Know

Gunman Wounds Staff Member at Virginia Elementary School

A 19-year-old forced his way into Westwood Hills Elementary in Waynesboro on Wednesday morning, shooting an adult staff member before killing himself. Police Chief David Shaw said officers found Anthony Ignatiadis-Isabelle dead in the school library after a report of a suspicious person.

New York City Bans AI for Students Through Eighth Grade

New York City will bar all student-facing generative AI software across the largest school system in the country, Mayor Zohran Mamdani announced Wednesday. City Hall called the one-year ban the most expansive anywhere, and is adding twice-yearly AI literacy classes alongside it.

Army Secretary Dan Driscoll Steps Down Without Explanation

Driscoll said Wednesday was his last full day running the Army after 18 months, offering no reason in his post. A friend of Vice President JD Vance, he had kept unusually warm relationships with both parties on Capitol Hill.

Money & Markets

Uber Cuts 10% of Global Workforce

Uber said Wednesday it will lay off roughly 10% of its global workforce, with some small teams cut nearly in half, as CEO Dara Khosrowshahi pushes to make the company simpler and faster to run. About 1% of employees will be allowed to keep working remotely under the reset.

Chevron Doubles Down on Venezuela

Chevron plans to double its Venezuelan production through a $7 billion investment expanding its operations in the country. The move comes as Washington leans into a strategy of pushing more Venezuelan crude onto global markets.

Private Payrolls Grew by Just 38,000 in August

Private employers added 38,000 jobs last month, well short of the 47,000 economists expected and down from a revised 46,000 in July. Education and health services carried the entire gain with 45,000 hires, while several other sectors quietly shed workers.

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Future Frontiers

Hubble Spots a Ten-Sided Storm Over Saturn's South Pole

A spinning decagon sits in the icy ammonia clouds above Saturn's south pole, a Spanish-led team reported Wednesday. Bigger and less stable than the famous northern hexagon, the pattern appears to have formed sometime between 2017 and 2023.

Obesity Drugs Extended the Lives of Older Mice

Older female mice given GLP-1 drugs lived longer than untreated animals, according to a study published Wednesday. Researchers also recorded slower progression in several biological markers of aging, extending an already long list of conditions the drugs may touch.

NASA Pushes Mars Helicopter Rotors Past Sound Barrier

NASA engineers have pushed helicopter rotor blades past the speed of sound in ground tests, boosting lift by 30% and clearing the way for heavier aerial explorers on Mars. The results are a direct follow-up to Ingenuity's stint on the Red Planet.

The Score

NBA Suspends Steve Ballmer and Strips Five Clippers Picks

The NBA suspended owner Steve Ballmer for a full year and fined the Clippers $30 million over salary cap circumvention involving Kawhi Leonard. Los Angeles forfeits its first-round picks from 2029 through 2033, and Leonard himself was fined $700,000.

Raiders Give Week 1 to Kirk Cousins Over Fernando Mendoza

Klint Kubiak named Cousins his opening starter against Miami, benching the first overall pick before he takes a single regular-season snap. Mendoza becomes the first No. 1 selection to miss a Week 1 start since Baker Mayfield back in 2018.

Nick Bosa Practices in Full for the First Time Since His Tear

Nearly a year after tearing his right ACL, Bosa took every rep Wednesday in his first full practice since the injury. Asked about the Sept. 10 opener against the Rams in Melbourne, he shrugged and said, "after today, yeah."

Life & Culture

'The Odyssey' Becomes the Biggest R-Rated Movie Ever

Christopher Nolan's "The Odyssey" has passed "Deadpool & Wolverine" for good, claiming the highest global gross of any R-rated film ever released. Ryan Reynolds, who held the record until this week, said Nolan "literally breathes the rarest air on Earth."

Venice Opens With Danny Boyle's Murdoch Drama

To a standing ovation running nearly four and a half minutes, Danny Boyle's "Ink" opened Venice on Wednesday night. Jack O'Connell plays Sun editor Larry Lamb opposite Guy Pearce as a hungry young Rupert Murdoch.

Cassandra Wilson, Grammy-Winning Jazz Singer, Dies at 70

Wilson died early Wednesday at home in Jackson, Mississippi, surrounded by family and friends, her longtime manager told WBGO. No cause was given for the death of a singer who spent decades reshaping what a jazz vocal could sound like.

Deep Dive

Week 1 of College Football Is a Setup, Not a Test

What it is: College football's opening weekend arrives with almost none of the ranked teams facing a real fight. Of the top 25 teams entering Week 1, 22 are double-digit favorites, turning the marquee slate into a series of tune-ups rather than proving grounds. That leaves fans evaluating contenders through margins, execution, and individual performances rather than the usual opening-week drama.

The detail: The imbalance is by design. Athletic departments still schedule non-conference cupcakes to guarantee a home date, bank ticket revenue, and let coaches unveil new schemes without much risk. The result is a weekend where the interesting question is rarely who wins, but how convincingly the ranked side covers the spread and what it flashes on the way there. Blowouts also give coaching staffs valuable snaps for young players who may become important later in the season.

Why it matters: In the 12-team College Football Playoff era, style points and eye-test moments matter more than they used to. Selection committees will weigh how a team's offense looks in space, whether a new quarterback protects the ball, and whether the defense holds up when starters give way to backups. A sloppy 42-10 win now shows up on résumés in November, especially with expanded seeding on the line.

What to watch: Track how contenders handle three specific stress points — red-zone execution, third-down defense, and offensive line penalties — because those numbers hold up even against overmatched opponents. Also watch quarterback usage: how quickly starters exit tells you what coaches actually think about depth and how far ahead they believe they are on the schedule. Early substitutions could also reveal which teams trust their second units before tougher conference games arrive. The scoreboard will lie this weekend. The tape won't.

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Extra Bits

  • A Massachusetts woman has been charged with juror intimidation after allegedly photographing jurors outside the Lindsay Clancy courthouse, which is exactly the sort of thing courts specifically ask people not to do.

  • Pro Football Hall of Famer Emmitt Smith and his company are named in a $2.5 million fraud claim over a loan that was supposed to build a solar farm in Texas and apparently didn't.

  • New Zealand's critically endangered kakapo parrots are enjoying a full-blown baby boom, pushing the flightless population to 325 after what conservationists are politely calling a very productive mating frenzy.

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—The Five Minute Daily Team