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This is an edition of the What’s News newsletter, which helps you catch up on the headlines and understand the news, free in your inbox daily. If you’re not subscribed, sign up here. |
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1. The U.S. launched new strikes on Iran, hours after President Trump announced the end of an eight-week ceasefire. |
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The attacks were designed to “further degrade their ability to threaten freedom of navigation in the Strait of Hormuz,” according to the U.S. Central Command. They were the starkest sign yet that efforts to clinch a permanent peace agreement are unraveling. The latest escalation began earlier in the week when Iran attacked ships transiting the Strait. Oil prices rose on news that the ceasefire was over. Meanwhile, Tehran is leveraging Supreme Leader Ali Khamenei’s martyr-like legacy to rally support abroad. |
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2. Trump said he supported Ukraine striking targets deep inside Russian territory, calling it an escalation that could help end the war. |
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During a press conference with Ukrainian President Volodymyr Zelensky at the NATO summit in Ankara, Turkey, Trump also signaled he would consider granting Kyiv a license to produce U.S. Patriot missile interceptors and said he would consider traveling to Ukraine at the right time in peace talks. At the end of the two-day gathering, NATO leaders counted it as a win that Trump didn’t threaten to abandon the alliance altogether. Here are five takeaways from the summit. |
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3. Fed officials broadly agreed that they would need to raise interest rates if inflation stays elevated this year, according to newly released minutes of their meeting last month. |
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The central bankers also agreed that they could stay on hold if price pressures fade soon. Which of those paths they take depends on something they haven’t resolved: whether the forces pushing up prices will last. The minutes showed more officials pointed to the AI build-out as a source of persistent inflationary pressures. The meeting was the first under Chairman Kevin Warsh. |
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4. A federal judge ordered Trump to pay the $5 million a jury awarded to writer E. Jean Carroll. |
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Trump’s lawyers notified the court that they would appeal. In 2023, a federal jury found Trump liable for sexually abusing and defaming Carroll and ordered him to pay damages. He called the verdict a disgrace and said he had never met Carroll. Last month, the Supreme Court declined to hear the president’s appeal. In a court filing yesterday, his lawyers said they had asked the Supreme Court to reconsider their petition. |
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