Israeli strikes kill 10 in Lebanon hours after ceasefire
... The U.S.-Iran understanding announced this week calls for an immediate, permanent end to military operations by the parties and their allies across multiple fronts, including Lebanon.
Israel, which was not part of those negotiations, has opposed provisions it says could constrain its campaign in Lebanon.
Trump claims Iran deal is ‘unconditional surrender,’ says his power has ‘no limits’: Axios
... Asked what he had learned from the war about the limits to his power, Trump said that “I haven’t learned that lesson yet. I know there are, but there are no limits.” ...
Nemesis is coming.
SoH tanker transits 1.4/day, SoH E 0.9/day
BAM tanker transits 17.0/day, BAM SE 7.1/day
Trump and Iran’s President Pezeshkian sign memorandum aimed to end war
... Sen. Bill Cassidy, a Louisiana Republican, in a post on X, called the deal “the worst foreign policy blunder in decades.”
Former President Ronald “Reagan is rolling over in his grave,” Cassidy wrote.
"Iran’s nuclear ambitions were not curbed, and they have learned that threatening the Strait of Hormuz works and will undoubtedly leverage it in the future,” Cassidy said.
“Now, Iran gets to build brand-new infrastructure under this deal. Before the war, the strait was open, Iran was being crushed by sanctions, and 13 service members were still alive. Now, 13 Americans are dead, families have paid billions at the pump, sanctions will be lifted, and the bombing has stopped. ..."
Ten articles on the front page right now at CNBC:
Warsh experiences worst ‘Fed day’ S&P 500 performance for a new chair since 1994
Chairman Warsh abstains from giving rate forecast as several members signal a hike in 2026
2-year Treasury yield rockets higher as many Fed officials signal possible hike this year
Chairman Warsh drastically alters Fed rate statement. Here’s what’s changed
Fed holds interest rates steady: Here’s what that means for your borrowing and savings rates
Fed holds rates steady, pares down statement to remove cutting bias
Fed meeting recap: Warsh announces task forces to overhaul major Federal Reserve operations
Jeffrey Gundlach says Fed’s Warsh is not going to be the ‘easy money’ chairman many hoped for
The market didn’t like what it heard from the Fed and its new leader Kevin Warsh
Five big takeaways from Kevin Warsh’s first meeting as Fed chairman
