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Israel struck military targets in central and western Iran early Monday. It followed waves of Iranian missiles fired Sunday. First direct exchange since the April 8 truce. The 100th day of the war. AP
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WTI jumped past $93 in Asian trade, up about 3.4%. The Strait of Hormuz is still near-closed. Friday it fell 3% on deal hopes. Those hopes lasted the weekend. BBG
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Trump said Sunday he would urge Netanyahu not to retaliate. Israel struck hours later. The call did not hold. Reuters
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Israel said all incoming Iranian missiles were intercepted, with no casualties. Sirens sounded across northern Israel. Iran reported a third wave. Israel said it stopped them too. ToI
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Yemen's Houthis fired at Israel and warned they would hit Israel-linked ships in the Red Sea. A second front nobody asked to reopen. AP
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The Sunday strike on Israel came after an Israeli airstrike on Beirut killed two and wounded twenty. That hit a residential building days after a Lebanon ceasefire. The truce in Lebanon was three days old. NPR
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The Senate passed Trump's $70 billion bill to fund ICE and Border Patrol. A fight over his $1.8 billion “anti-weaponization” fund nearly sank it first. His own party killed the slush fund, not the Democrats. NBC
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Trump told “Meet the Press” Iran has not made a deal because it is “strong” and “proud.” He added they have “no choice” but to settle. He said that before the missiles flew. NBC
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May payrolls came in at 172,000, double the 85,000 forecast. The 10-year cleared 4.5% and the 30-year topped 5%. A strong number markets hated. Rate-cut bets for 2026 are gone. CNBC
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Friday's tech rout dragged the Nasdaq down 4.2%, its worst day since April 2025. Broadcom fell more than 7% after its revenue miss. Chips led the market up. Now they are leading it down. WSJ
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