U.S.-Iran Escalation: Trump moved to reinstate a blockade on Iranian shipping and floated a 20% toll for Strait of Hormuz passage as fresh U.S. strikes hit Iran and Tehran retaliated across the region, raising fears the ceasefire is collapsing and energy prices could surge. Inflation & Fed Watch: June inflation came in cooler than expected as energy eased, but Fed Governor Christopher Waller warned rate hikes could still be on the table if pressures return. Elections & Federal Power: Nevada Sen. Jacky Rosen introduced a bill to bar armed federal troops from polling places, pushing back on threats to federalize election enforcement. Ukraine After Lindsey Graham: Graham’s death puts a spotlight on whether Trump’s Russia sanctions and Ukraine aid momentum can survive without the loudest pro-Ukraine voice in the administration’s orbit. Healthcare Reality Check: A major knee-surgery study found arthroscopic procedures for degenerative cartilage tears offer little benefit and may worsen outcomes, fueling calls to rethink care. Environment & Parks: A Trump administration ESA rule change drew backlash for weakening “harm” definitions, with critics warning it could accelerate habitat damage near national parks. Housing: Sen. Tina Smith’s rural housing reform package became law, aiming to preserve hundreds of thousands of rural homes. Energy Infrastructure: Data-center growth continues with new campus plans and power-backed development, while long-duration storage projects expand in Texas.