Brent crude has fallen to levels last seen before the Iran war as shipping through the Strait of Hormuz gradually resumes. The rebound in traffic follows a U.S.-Iran memorandum setting up 60 days of negotiations, though disputes over fees and vessel authorization remain.
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The Trump administration asked Congress for $87.6 billion in supplemental spending, with about $67 billion directed to Pentagon needs tied to the Iran war. The request faces resistance after lawmakers passed a war powers resolution challenging the president’s military action.
IAEA chief Rafael Grossi said inspections in Iran will take place under a preliminary US-Iran agreement. Tehran says access to damaged nuclear sites and materials depends on a final deal and sanctions relief.
A federal judge ordered the Kennedy Center to explain the tarp and scaffolding covering its facade after President Donald Trump’s name was removed under a court order. The center must also update the court on renovation, programming and public access plans by late July.
Trump canceled a planned signing of a bipartisan housing affordability bill, demanding Congress first pass his SAVE America Act on voting rules. The housing measure passed both chambers by large margins and could still become law without his signature.
Trump canceled a planned signing of a bipartisan housing bill, saying he would wait until Congress passes the SAVE America Act. Senate Republican leaders say the voting bill lacks the votes needed to pass under current rules.
Gen. Christopher Donahue, the U.S. Army commander in Europe and Africa and the last American soldier to leave Afghanistan, will relinquish command July 2. His departure comes amid a broader turnover of senior military leaders under Defense Secretary Pete Hegseth.