President Trump agrees to a two-week ceasefire with Iran, suspending planned strikes contingent on reopening the Strait of Hormuz. The announcement follows escalating threats and draws mixed reactions from U.S. lawmakers and allies.
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A U.S. airman downed in Iran is rescued in a daring mission as President Trump threatens to strike Iranian power plants and bridges if the Strait of Hormuz remains closed. Iran condemns the threats as war crimes amid ongoing regional tensions.
President Trump has fired Attorney General Pam Bondi, appointing Todd Blanche as acting attorney general amid frustrations over prosecutions and department priorities. Bondi will transition to a private sector role, with EPA head Lee Zeldin considered a likely permanent replacement.
The Senate advances a plan to fund most of the Department of Homeland Security as President Trump pledges to pay all DHS employees amid a partial government shutdown. Lawmakers face divisions over funding immigration enforcement agencies, with Republicans pursuing a two-track strategy to end the shutdown.
U.S. gasoline prices have surged past $4 per gallon due to disruptions in global oil supplies caused by the Iran conflict and the effective closure of the Strait of Hormuz. President Trump plans a prime-time address to update on the situation, promising a resolution soon and a return to lower fuel prices, though experts warn prices may rise further in the short term. Meanwhile, Trump's threats to target Iranian civilian infrastructure have drawn condemnation from legal experts who warn such actions could constitute war crimes, amid ongoing regional casualties and accusations against all involved parties.
The Department of Homeland Security is undergoing the longest federal shutdown in U.S. history due to deep Republican divisions and unclear White House guidance, with Senate and House leaders unable to agree on funding measures. The shutdown has caused operational disruptions at airports and intensified partisan blame, while some Republicans and former President Trump have called for ending the filibuster to pass funding without Democratic support. Meanwhile, tensions in the Middle East escalate as President Trump threatens severe actions against Iran amid stalled peace talks, raising concerns about further military conflict and global economic impacts.
President Donald Trump announced he will sign an executive order to restart pay for TSA officers amid a DHS funding lapse that has caused staffing shortages and airport delays. The shutdown results from a congressional deadlock over DHS funding, with Republicans proposing a bill excluding ICE enforcement and Democrats demanding reforms before agreeing to fund ICE operations. In response, Senator John Kennedy plans to introduce a bill to fund the TSA independently, though it is unclear if Senate GOP leadership will support this measure.
Oil futures experienced a sharp surge in trading volume just before President Trump announced "productive" peace talks with Iran, causing oil prices to drop and stock markets to rise, though the timing has raised suspicions of potential insider trading. The ongoing U.S.-Iran conflict has driven significant volatility in oil prices, with Brent and WTI crude rising over 30%, amid disruptions in the Strait of Hormuz and mixed signals about peace negotiations. This geopolitical uncertainty continues to fuel market instability, influencing inflation expectations and central bank policies while prompting offers of mediation and fluctuating investor confidence.