Israel and Lebanon agree to renew U.S.-brokered ceasefire
Israel and Lebanon have reached an agreement to implement a ceasefire, with the deal contingent on Hezbollah ceasing attacks. The U.S.-brokered agreement calls for a complete cessation of fire from the Iranian-backed militia, renewing an earlier ceasefire that had been largely ignored. The development comes as the Trump administration seeks to overcome barriers to a broader Iran deal.
SpaceX is setting the stage for what could be the largest IPO in history, with a valuation estimated between $75 billion and $1.75 trillion depending on the source. Elon Musk's company has reportedly told investors it is worth $1.75 trillion as it nears its stock market debut. The landmark listing would represent a defining moment for the commercial space industry.
The situation with Iran has escalated dramatically, with Iran firing missiles and the U.S. striking an Iranian facility amid reports of faltering peace talks. Monetary compensation has emerged as a key sticking point, with Trump bristling at comparisons to the Obama-era agreement. Some Republicans have broken with Trump over the war, while allies and critics worry he risks getting boxed in strategically.
The U.S. House of Representatives has passed an Iran war powers resolution in a rare and bipartisan rebuke against President Trump. The vote marks the strongest congressional pushback yet against the administration's military engagement with Iran. Lawmakers from both parties joined to rein in the president's authority to conduct military operations without congressional approval.
Germany has blamed Russia for its failure to secure a UN Security Council seat, calling it a bitter defeat. Meanwhile, Russia has lost momentum on the ground in Ukraine and is pivoting to an intensified air campaign, launching massive attacks on Kyiv. Analysts describe this as a strategic shift as Moscow seeks to regain the initiative through aerial bombardment.