Trump left Friday’s Situation Room without signing the Iran deal. He also demanded five Muslim nations join the Abraham Accords as a new condition. Pakistan rejected the demand outright. None of the other nations publicly agreed.CNBC
2.
Africa CDC reported more than 1,100 suspected Ebola cases in DR Congo and Uganda. Brazil is monitoring two patients; the CDC is on alert for potential US exposure. The outbreak crossed from Congo into Uganda. The WHO declared it a global health emergency last week.AP
3.
Trump wants to replace July 4th with a MAGA rally on the Mall. The event would mark America’s 250th — and Trump’s 80th birthday. No word yet on whether the fireworks survive the rebrand.AP
War & Conflict
4.
The IDF pushed its military line about 7 miles further north in southern Lebanon. Residents were warned to evacuate above the Zahrani River. Israel is fighting in Lebanon while simultaneously in ceasefire negotiations. Both are technically true.Reuters
5.
A naval mine was spotted in the Strait of Hormuz, Omani authorities said. UKMTO is tracking it; commercial traffic in the area was warned. The ceasefire framework is supposed to include clearing Iran’s mines. That hasn’t happened yet.Reuters
6.
Iran’s Persian Gulf Strait Authority was added to the US Treasury sanctions list. The group vowed to continue Hormuz operations “without interruption.” The US sanctioned the body managing the Strait. The body says it doesn’t care.BBG
Politics
7.
Mike Pence said Trump has “departed from conservative principles” in a new interview. He specifically attacked the $1.8 billion DOJ anti-weaponization fund. Pence isn’t running for anything. That’s when Republicans start saying what they actually think.Fox
8.
Mexico’s President Sheinbaum publicly accused the US of interfering in Mexico’s politics. The statement marks a sharper tone in US-Mexico relations than any this year. A border neighbor accusing Washington of interference is a different category of diplomatic problem.AP
Markets & Economy
9.
May ISM Manufacturing PMI prints today — the first major data point of June. April came in at 48.7, deep in contraction territory. Below 50 is contraction. Manufacturing has been there for a while now.BBG
10.
WTI fell 1.7% Monday morning to $87.36 as the Iran deal stalls. S&P futures rose 0.17% on hope the deal’s framework survives Trump’s new demands. Oil is pricing in a failed deal. Stocks are pricing in a messy but eventual one.BBG
