Politics Pentagon Runs Low on Cash Despite Nearly $1T Budget The Pentagon is running out of cash despite a nearly $1T budget, asking Congress for $67B more as Iran war costs mount and munitions stockpiles run low.
Geopolitics Argentine FA says systems breached by Egyptian hackers after World Cup win Argentina’s Football Federation says Egyptian-origin hackers breached its database and sent emails from AFA accounts alleging referee corruption in the World Cup win over Egypt.
Geopolitics Trump declares Iran ceasefire ‘OVER’ after strikes in Strait of Hormuz Trump says the US ceasefire with Iran is ‘OVER’ after fresh strikes tied to attacks in the Strait of Hormuz, though talks will continue. Oil is up on the week and tanker traffic has slowed.
Geopolitics Israel Warns US of Fresh Iranian Plot to Assassinate Trump Israel shared intelligence with the US warning of a new Iranian plot to assassinate President Trump, as the ceasefire frays and strikes resume around the Strait of Hormuz.
Geopolitics US Strikes Iran Railway Bridge Linking to China and Russia US cruise missiles struck the Aq Taqeh Khan railway bridge in northern Iran, damaging a key overland trade corridor to China and Russia as Hormuz shipping traffic collapses.
Politics Pentagon Running Out of Cash Despite Nearly $1 Trillion Budget The Pentagon is running low on cash despite a near-trillion-dollar budget, with officials asking Congress for $67B more as Iran war costs climb past $130B. Training canceled, jets parked.
Politics Over 70 EU lawmakers demand probe into FIFA chief Infantino over Trump call More than 70 EU lawmakers are demanding an investigation into FIFA President Gianni Infantino after FIFA lifted Folarin Balogun’s red card suspension following a call with President Trump.
Markets France National Team Flew ICE Deportation Charter Planes at World Cup France’s national team has been flying between World Cup venues on GlobalX charter jets, the same carrier that operates the majority of ICE deportation flights in the US.
Geopolitics Trump says Iran may kill him: ‘I’m their number one target’ Trump says Iran is targeting him for assassination, calling himself their ‘number one target’ as the US-Iran ceasefire collapses and strikes resume around the Strait of Hormuz.
Geopolitics Trump: We can knock down every bridge, power plant in Iran Trump says the US could knock down every bridge and every power plant in Iran in a day if Tehran walks from a deal. Crude, defense names, and shipping back in play.
Geopolitics Trump: I would hate to strike Iran desalination plants, but may have to Trump said the U.S. could strike Iran’s desalination plants if the Hormuz standoff drags on, but added he would hate to do it. The threat widens the target list and raises Gulf retaliation risk.
Geopolitics Trump Says Iran Has Been Defeated as Strikes Resume Trump has declared Iran defeated even as U.S. and Iranian forces trade fresh strikes and the ceasefire wobbles. Energy, defense, and shipping names remain in focus.
Geopolitics Iran Intensifies Attacks on Ships in the Strait of Hormuz Iran hit three commercial vessels in the Strait of Hormuz in 24 hours, pushing Brent up 2.5% and lifting Treasury yields as the JMIC raised the threat level to severe.
Energy US Revokes Iran Oil Waivers After Strait of Hormuz Tanker Attacks The Trump administration revoked its Iran oil sanctions waiver after three tankers were hit in the Strait of Hormuz. Crude jumped over 5% on the news.
Geopolitics Trump revives Greenland push, threatens US troop pullout from Europe Trump reopened his Greenland fight at the NATO summit in Ankara, saying the island should be US-controlled and floating a full US troop pullout from Europe. Defense, rare earths, and European risk assets are back on watch.
Macro Central Banks Plan to Cut Dollar Reserves for First Time, OMFIF Says OMFIF's 2026 Global Public Investor survey shows, for the first time, more central banks plan to reduce dollar reserves than grow them over the next decade, with gold moving to the center of reserve strategy.
Macro Central Banks Plan First Dollar Cuts in a Decade, Pivot to Gold and Euro An OMFIF survey shows more central banks plan to cut U.S. dollar holdings than add to them over the next decade for the first time, with gold and the euro picking up the flow.
Politics Trump DOJ Tells ICC: No Jurisdiction Over Americans, No Cooperation The Trump DOJ told the ICC that the US will not cooperate with any investigations and rejects the court's jurisdiction over Americans, citing the Rome Statute and the 2002 Servicemembers' Protection Act.
Macro Gold overtakes US Treasuries as top global reserve asset: ECB The ECB confirmed gold has overtaken US Treasuries as the world's top reserve asset, hitting 27% of global central bank holdings versus 22% for US debt at the end of 2025.
Geopolitics Putin and Trump Discuss Ukraine and NATO in 85-Minute Call Putin and Trump held an 85-minute call discussing Ukraine and the upcoming NATO summit, with potential market implications.
AI UBS: 60% of Companies Are Already Curbing AI Spend UBS says 60% of companies tracking AI budgets are already curbing spend and shifting to cheaper Chinese open-source models. The pricing gap is reshaping enterprise AI, and it puts pressure on OpenAI and Anthropic ahead of their IPOs.
Geopolitics White House: Trump Can Use Military in Iran If Needed The White House says Trump can use the military in Iran if needed, keeping the door open to renewed action despite a Senate war powers rebuke and a fragile ceasefire.
Energy US Strategic Petroleum Reserve Hits Lowest Level Since 1983 The US Strategic Petroleum Reserve has fallen to 325.7 million barrels, the lowest level since May 1983, as the Trump administration's 172M-barrel coordinated release continues amid the Iran war.
Tech Taiwan raids Super Micro (SMCI) offices in widening chip-smuggling probe Taiwan raided Super Micro (SMCI) offices and affiliated sites in a widening probe into alleged smuggling of Nvidia AI chips into China. SMCI shares dropped as much as 9% before paring losses.
Macro Japan Hikes Tourist Visa Fee 400% to 15,000 Yen, First Bump Since 1978 Japan is raising single-entry tourist visa fees 400% to 15,000 yen ($93) from July 1, 2026, its first hike in 48 years. Western travelers stay exempt, but Chinese, Indian, and Vietnamese tourists pay up.
