Geopolitical tensions in the Middle East have intensified as President Trump ordered new military strikes against Iran, amid reports of U.S. and Israeli coordination to potentially target Iranian energy infrastructure. Domestically, the administration confirmed the cancellation of its $1.776 billion anti-weaponization fund, while a federal judge cleared the way for Medicaid work requirements to proceed. Government efforts to stabilize domestic markets and logistics included a DHS Jones Act waiver to support fuel supply chains, while European policymakers continue initiatives to harden infrastructure against extreme heat. In global finance, Argentina’s President Milei is moving to penalize deficit spending with a new 'Fiscal Shackle' bill, and the U.S. Treasury has signaled potential intervention to address the Japanese yen's ongoing devaluation.