President Trump announced Iran agreed to suspend its nuclear program indefinitely and stop backing proxies, claiming the war is "all but over," though Iranian officials and U.S. allies expressed confusion and questioned the terms of the deal.
Iran announced the Strait of Hormuz is fully open to commercial vessels, causing oil prices to drop by 9% and global markets to rally, despite ongoing confusion and U.S. officials maintaining a blockade.
The ongoing Iran conflict and Strait of Hormuz disruptions have led to rising aviation fuel costs, prompting Air Canada to suspend flights to JFK, while central banks and financial watchdogs assess broader economic risks.
UK Prime Minister Keir Starmer is under pressure after revelations that Peter Mandelson failed security vetting for the US ambassador role, with top civil servants accused of keeping the information from him for weeks.
The Senate approved a 10-day extension of the controversial Section 702 surveillance law by voice vote, following House defeats of longer-term proposals amid Republican infighting over reform.