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US, Iran trade strikes after Trump blockade threat

The U.S. and Iranian militaries exchanged fire early Tuesday following fresh threats from President Trump to take over the Strait of Hormuz. The president said Monday that the U.S military would reimpose its naval blockade in the channel and begin charging a 20 percent toll on vessels transiting the strait “immediately.” This critical trading passage,…

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Inflation fell in June after short-lived Iran deal brought energy prices down

Inflation fell in June after a deal between the U.S. and Iran, which has since fallen apart, brought a temporary decline in energy prices. The consumer price index (CPI) fell…

Watch live: Kagan, Barrett testify before House on Supreme Court budget

Supreme Court Justices Elena Kagan and Amy Coney Barrett will appear before a House Appropriations panel on Tuesday morning to outline the Supreme Court budget request for fiscal 2027. The…

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