President Donald Trump has returned to Washington to huddle with national security advisors on the escalating crisis in the Middle East. Markets are bracing for Trump's decision on US participation in the war.
While there was some optimism yesterday that Iran’s overtures toward a ceasefire could ease tensions, comments from Trump and Israeli officials indicate the war is likely to persist until Iran's nuclear programme is neutralised.
Israel has reportedly petitioned the White House to deploy so-called bunker-busting bombs powerful enough to take out Iran’s Fordow nuclear facility. Trump's decision will determine if the US becomes a direct participant in what could be its largest war since Iraq.
Experts warn that Israel is at risk of “mission creep” as a result of the early success of its military operation.
Lawmakers introduced legislation that would compel Trump to seek Congressional approval for war with Iran.
Trump and British Prime Minister Keir Starmer signed a trade deal that will cut tariffs. Starmer noted separately, “we’re proceeding” with AUKUS.
Senate Finance Committee Chair Mike Crapo (R-ID) released the legislative text of his committee’s portion of the One Big Beautiful reconciliation bill. Crapo's proposal makes significant changes to the House-passed package, setting up another intracine confrontation in the House.
The Senate is poised to pass a landmark crypto bill to create a regulatory framework for stablecoins.
Poll of the Day:Americans are becoming “less supportive" of Trump's immigration policy.