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Time:2026-07-12T05:34:10Z

The U.S. launched airstrikes against Iran and Iran closed the Strait of Hormuz after an attack on a container ship, escalating military confrontation in the Gulf. A massive housing affordability bill became law without Trump's signature, introducing new measures for buyers amid record home prices. Trump Accounts officially launched, providing government-managed investment accounts for American children. The administration promoted 'Freedom Fuel' stations as gas prices fluctuated amid the Iran conflict. The Justice Department subpoenaed New York Times journalists over reporting on Air Force One, escalating press freedom tensions.

US launches airstrikes against Iran as Hormuz crisis escalates

US launches airstrikes against Iran as Hormuz crisis escalatesThe Pentagon confirmed U.S. airstrikes against Iran after Tehran attacked a container ship in the Strait of Hormuz. Iran retaliated by closing the strategic waterway, disrupting global shipping routes. The strikes followed warnings from both sides, with officials describing the situation as a major escalation in Gulf tensions. Business and energy markets are closely monitoring the impact on oil prices and global trade.

Sweeping housing affordability bill becomes law

Sweeping housing affordability bill becomes lawThe largest housing affordability bill in decades has become law despite President Trump declining to sign it. The legislation introduces measures aimed at making homeownership more accessible, including new tax incentives and regulatory changes. Housing market experts are analyzing the bill's potential impact as home prices continue to hit record highs across the country.

Trump Accounts launch for American children

Trump Accounts launch for American childrenTrump Accounts, a government-managed investment savings program for American children, have officially launched. The program has generated mixed reactions, with supporters highlighting its potential benefits for families while critics argue it primarily advantages wealthier households. Questions remain about the long-term sustainability and returns of the accounts.

Freedom Fuel stations promoted amid Iran conflict volatility

Freedom Fuel stations promoted amid Iran conflict volatilityThe Trump administration is promoting 'Freedom Fuel' stations offering cheap gas, though the operational details remain unclear. Gas prices have been fluctuating since the U.S.-led military campaign against Iran disrupted shipping through the Strait of Hormuz. Trump's latest threats against Iran have added further uncertainty to global fuel markets.

Justice Department subpoenas NYT journalists over Air Force One story

Justice Department subpoenas NYT journalists over Air Force One storyThe Trump administration subpoenaed three New York Times journalists in connection with a story about Air Force One, escalating its pressure on the media. The Justice Department's move has been criticized as an attack on press freedom and investigative journalism. The New York Times has vowed to fight the subpoenas, calling them an unprecedented overreach.