British PM Theresa May is chairing an emergency security session to discuss how to respond to Iran’s seizure of a British-flagged tanker in the Strait of Hormuz. Officials discussed how to secure shipping in the sensitive region, which is vital to the world’s oil supply. Foreign Secretary Jeremy Hunt plans to brief Parliament on the Friday seizure of the Stena Impero tanker and its crew.

Israeli work crews have begun demolishing dozens of Palestinian homes in an East Jerusalem neighborhood. The demolitions capped a years-long legal battle over the buildings, built along the West Bank. Israel says the buildings were erected too close to its West Bank separation barrier. Residents say the buildings are on West Bank land, and the Palestinian Authority gave them construction permits.

In a freak accident, a North Carolina man died Friday after a wave hit him while he was playing with his kids at the beach, breaking his neck. Lee Dingle, 37, was playing on the beach with three of his kids, when an intense wave hit him, slamming his head into the sand and breaking his neck. A fundraising effort for Dingle on GoFundMe has raised more than $108,000 since it was created on Friday.

Iran has reported having captured 17 spies working for the US CIA during the calendar year that ended in March 2019. It added that some of them have been sentenced to death. There has been no immediate comment on the Iranian allegations by the CIA or US officials.

Credit-reporting company Equifax will pay up to a record $650 million to settle US federal and state probes into a massive 2017 data breach of personal information. The settlement for a data breach draws to a close multiple probes into Equifax by the FTC, the CFPB and nearly all state AG’s. Equifax, disclosed in 2017, that a data breach had compromised the information of 143 million Americans.

House Intelligence Committee Chairman Adam Schiff on Sunday said that President Trump’s attacks on four progressive congresswomen is part of a strategy to embrace racism in politics. ’I think tragically the president has decided racism is good politics’, said Schiff.

$700 million is what it will cost Equifax to settle with the Federal Trade Commission over a 2017 data breach that exposed Social Security numbers and other private information of nearly 150 million people. The deal will give them respite from the FTC, the Consumer Financial Protection Bureau and most state attorneys general including a nationwide consumer class-action lawsuit.

J.C. Penney has hired advisers to explore debt restructuring options that would buy more time for the retailer to forge a turnaround. The department store chain’s move represents a high-stakes attempt to get its financial house in order before its debt, totaling roughly $4 billion, comes due in the next few years.

Bakkt has announced that the organization will launch acceptance testing for its Bitcoin futures contracts today 22 July. The current round of acceptance testing is expected to be very limited, with a small pool of selected traders. Activity on the ICE will be monitored for interest, before eventually allowing full trading by the end of the year.

Bitcoin (BTC) outflows on crypto exchange BitMEX have significantly exceeded the inflows after the firm was reported to be a subject in a regulatory investigation. Reports suggest BitMEX saw an outflow of $83 million worth of Bitcoin, while only $12 million came in. This came after the US CFTC said it was probing BitMEX.