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U.S. and Saudi strikes hit Iran-backed militias in Iraq

U.S. and Saudi forces struck Iran-backed militia sites in Iraq after alleged drone attacks, while Jordan said it intercepted five Iranian missiles. Iran-linked media also reported tanker strikes in the Strait of Hormuz, though NPR said there was no immediate independent confirmation.

Fed weighs rate decision as inflation pressures persist

Federal Reserve policymakers are expected to hold interest rates steady Wednesday, though markets see a possible hike as inflation remains above target. Energy prices, tariffs and AI-related demand are complicating the central bank’s outlook.

FIFA plan to sell World Cup stakes draws backlash

FIFA wants to create a new company to manage World Cup commercial rights and sell minority stakes to private investors. UEFA and Concacaf criticized the proposal, citing transparency and governance concerns.

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