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Oil prices rose more than 5% after President Donald Trump said he believes the agreement with Iran is finished. This came amid renewed military strikes in the Middle East, which also caused U.S. stock markets to fall.
Key Facts
Brent crude oil prices jumped to nearly $78 per barrel in early trading.
The Dow Jones dropped 600 points (1.1%), the S&P 500 fell 0.6%, and the Nasdaq declined 0.4%.
President Trump said the U.S.-Iran agreement is likely over but said negotiations with Iran will continue.
Iran launched attacks on 85 U.S. military sites in Kuwait and Bahrain as retaliation for U.S. airstrikes.
The U.S. responded with airstrikes on over 80 Iranian targets after Iran attacked commercial ships near the Strait of Hormuz.
The Strait of Hormuz, a key oil shipping route, had been closed by Iran earlier in the conflict, causing high oil prices.
A prior U.S.-Iran deal allowed commercial ships through the strait toll-free for 60 days, which helped lower oil prices before tensions rose again.
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President Donald Trump said the interim agreement (MOU) with Iran is "over" after new attacks in the Strait of Hormuz, which the U.S. and its allies blame on Iran. Despite his harsh criticism of Iran’s leaders, Trump said U.S. negotiators may continue talks, but he personally doubts their value.
Key Facts
The U.S. Central Command struck more than 80 Iranian targets following attacks on commercial ships.
Attacks on ships in the Strait of Hormuz were blamed on Iran by the U.S., Qatar, and Saudi Arabia; Iran denies involvement.
The 14-point interim deal aimed to reopen the Strait of Hormuz and lift the U.S. naval blockade on Iranian ports.
Iran agreed not to pursue nuclear weapons, and the U.S. agreed to allow Iranian oil sales and start a $300 million reconstruction fund.
The MOU included a 60-day ceasefire while a final deal was negotiated, including Iran’s nuclear program.
President Trump described Iran’s leaders as "scum" and said they are violent and dangerous.
Trump said he does not want to deal with Iran’s leaders anymore but is open to letting his negotiators continue discussions.
Key issues, like Iran’s uranium enrichment, remain unresolved despite the interim agreement.
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Prince Harry visited the United Kingdom recently. During his visit, a court dismissed his lawsuit against the Daily Mail, which accused the newspaper of invading his privacy.
Key Facts
Prince Harry traveled to the U.K. for a visit.
He filed a privacy lawsuit against the Daily Mail newspaper.
A court dismissed this lawsuit during his trip.
The lawsuit claimed the Daily Mail invaded Prince Harry's privacy.
The dismissal occurred while news coverage focused on family drama tied to the visit.
CBS News reported on the events and the court ruling.
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The Bank of England governor, Andrew Bailey, said he can recognize and resist pressure from politicians after Nigel Farage tried to influence the Bank’s cryptocurrency policies. Farage is facing investigations for not declaring a large donation from a cryptocurrency supporter and recently resigned as an MP to run in a special election.
Key Facts
Nigel Farage pushed the Bank of England governor to stop a policy on cryptocurrency that might hurt a donor’s business.
Farage did not originally disclose a £5 million gift from Christopher Harborne, a crypto billionaire.
Farage resigned as a Member of Parliament amid investigations into undeclared financial support.
Andrew Bailey confirmed he met Farage but said no Bank policies changed due to his lobbying.
Farage threatened to go to prison to stop the Bank’s plan for a government-issued digital currency.
The Bank is still considering issuing its own digital currency, called a "Britcoin."
Crypto company lobbyists, including the donor’s firm, opposed the Bank’s digital currency plans.
The Bank denied revealing details of Bailey’s meeting with Farage under freedom of information law.
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A contractor working for Meta flushed water contaminated with a rare bacteria into public sewers during construction of a new AI datacenter in Cheyenne, Wyoming. The city responded by tightening rules on wastewater disposal and stopped Meta from discharging waste into its water treatment system.
Key Facts
Meta’s contractor, Fortis, flushed water containing Cupriavidus gilardii bacteria into public sewers during the datacenter build.
The bacteria is rare, naturally found in soil, and mainly harmful to people with weak immune systems.
The contamination was found in routine testing of wastewater from the datacenter’s cooling system.
Cheyenne banned wastewater discharges from datacenters using certain cooling and flushing systems.
The city revoked Meta’s permission to send wastewater to its water treatment plants, where water is reused for irrigation.
Meta ordered Fortis to stop discharging wastewater and to cooperate fully with city officials.
Independent tests by Fortis showed no bacteria in drinking water or on-site after the incident.
The new rules aim to prevent health risks and protect local water resources during datacenter construction.
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Ruth Ellis, the last woman executed in the UK in 1955 for murdering her abusive lover, has received a posthumous conditional pardon more than 70 years after her death. The pardon recognizes a miscarriage of justice and replaces the death sentence with life imprisonment, though it does not declare her innocent.
Key Facts
Ruth Ellis was a glamour model and nightclub manager in London during the 1940s and 1950s.
She was convicted of murdering her lover, David Blakely, and was executed by hanging in 1955 at Holloway Prison.
Ellis suffered physical abuse from Blakely, including an incident that caused a miscarriage, and had an illegal abortion.
Ellis' family has long fought to overturn her conviction due to domestic abuse she endured.
Deputy Prime Minister David Lammy announced the King granted a conditional pardon in recognition of the injustice.
The pardon replaces the death penalty with life imprisonment but does not state she was innocent.
Ellis wrote a letter the day before her execution acknowledging her fate and thanking supporters.
Her case contributed to growing public debate about capital punishment and changes in UK law regarding diminished responsibility.
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Two Democratic candidates, Abdul El-Sayed and Haley Stevens, took part in a debate in Michigan as they compete for the party’s Senate nomination. The debate happened shortly before the state’s primary election.
Key Facts
The debate took place in Michigan.
The candidates involved were Abdul El-Sayed and Haley Stevens.
Both are running for the Democratic nomination for the U.S. Senate seat.
The debate happened close to the primary voting date.
The event was covered by CBS News.
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Political commentator Bill O’Reilly said that many younger Americans do not understand how to make or manage money. He expressed concerns about their knowledge of the economic system in the United States.
Key Facts
Bill O’Reilly spoke on NewsNation’s program “On Balance.”
He said younger Americans are often unaware of how to earn money.
He also said they struggle to keep or save money.
O’Reilly discussed the lack of understanding of capitalism among younger people.
The comments were made during an interview with host Leland Vittert.
The topic focused on financial literacy in younger generations.
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A landslide hit a girls' school inside a refugee camp in Cox's Bazar, Bangladesh, killing seven students and a teacher. The area has experienced heavy monsoon rains, causing multiple deadly landslides in the region, which is home to over one million Rohingya refugees.
Key Facts
Seven students and one teacher died when a landslide buried a girls' school in Cox's Bazar refugee camp.
The school was an Islamic study center located in a camp hosting Rohingya refugees.
Rescuers saved 13 people from the mud, but eight of them died.
Victims were mostly children aged between seven and twelve.
Since Sunday, other landslides killed at least eight more Rohingya refugees, including children.
The Rohingya fled Myanmar in 2017 after a military crackdown and now live in poor conditions in Bangladesh.
Many Rohingya live in makeshift homes on steep hillsides, making them vulnerable to landslides.
More rain and possible landslides are expected, and authorities are evacuating families in high-risk areas.
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An Arizona man, Mark Aaron Gatz, pleaded guilty for living illegally in Tonto National Forest and breaking fire safety rules. He had been living in a makeshift camp for about eight years, surrounded by roughly 1,000 pounds of trash, and was sentenced to time served plus probation.
Key Facts
Mark Aaron Gatz was arrested on June 25 at an illegal campsite in Tonto National Forest, Arizona.
He lived there for about eight years in a camp filled with around 1,000 pounds of trash.
Gatz broke federal fire restrictions by having campfires during times when fires were not allowed.
Authorities found trash including tires, plastic bags, cans, old tools, ladders, barrels, and other debris scattered over half an acre.
Gatz had several prior citations and outstanding federal warrants related to similar violations.
He told officials he knew about the fire rules but needed fire for cooking.
After pleading guilty, Gatz was sentenced to time served and three years of probation.
The trash and debris at the site caused damage to forest land and public safety concerns.
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Judges in the UK are reviewing a case about whether a Trinidad and Tobago court had the right to remove a colonial-era law that criminalizes anal sex between consenting men. The case involves the UK’s highest court for some Commonwealth countries and centers on a law from 1925 that Trinidad and Tobago kept after independence.
Key Facts
The law in question, called the “buggery law,” was created in 1925 and is part of Trinidad and Tobago’s 1986 Sexual Offences Act.
In 2018, a Trinidadian activist, Jason Jones, won a ruling that said the law violated the country’s constitution.
The ruling was overturned in 2023 after the country’s attorney general appealed.
Now, the case is before the UK-based Judicial Committee of the Privy Council, the highest court for some Commonwealth countries.
The Trinidadian government opposes removing the law, saying it could affect other colonial-era laws kept after independence, known as “savings clauses.”
Similar laws have been struck down recently in other Caribbean nations, like Barbados and Antigua and Barbuda.
Jason Jones argues the law criminalizes and harms LGBTQ+ people and is confident the court will rule in his favor.
A decision from the Privy Council is expected in the next three to six months.
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Michigan voters in key areas are focused on everyday issues like healthcare, rent, and family support as the Democratic party picks a candidate for the US Senate race. The race is also seen nationally as a test of the Democratic party's future direction, with candidates Abdul El-Sayed and Haley Stevens competing for support.
Key Facts
Michigan’s Macomb county voted twice for Barack Obama but then supported President Trump in his three presidential runs.
Local voters are concerned about shrinking paychecks, healthcare costs, childcare, and social security.
Three Democrats initially ran for the Senate primary; Mallory McMorrow dropped out recently.
Abdul El-Sayed, supported by progressive Senator Bernie Sanders, leads in polls.
Haley Stevens is backed by major spending groups, including a super PAC linked to AIPAC, with about $20 million spent on her campaign.
The race highlights a national debate within the Democratic party between progressive and moderate wings.
Detroit’s large Black population and voter turnout there could be crucial to the election outcome.
Some local voters feel traditional political approaches by Democrats are not working and may hurt voter support.
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A growing number of young people with advanced degrees are starting full-time businesses at markets in Britain. Many of these entrepreneurs have master's degrees, PhDs, or professional qualifications and have chosen market trading as a career instead of traditional jobs.
Key Facts
One in five young market traders in Britain holds a master's degree, PhD, or medical doctorate.
Nearly 75% of founders in Kerb’s street food markets have university degrees, with 25% holding postgraduate qualifications.
About 95% of these market traders work full-time in their businesses, not just as part-time side jobs.
The traders include former professionals like lawyers, architects, bankers, nurses, and students with PhDs.
This trend has emerged mainly in the last two to three years.
Many young graduates see market trading as a way to avoid uncertain job markets and to build their own businesses.
Entrepreneurs find market trading offers opportunities that are less likely to be affected by automation and AI.
Some sellers emphasize the value of in-person sales over online shops for their products.
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Episode 41 of "Love Island" Season 13 will be released on July 9, 2026, and is available to watch on Hulu with a subscription. In this episode, the contestants watch a movie night showing Kavan’s behavior in Casa Amor, which causes emotional conflict in the villa.
Key Facts
"Love Island" Season 13 Episode 41 releases on July 9, 2026.
New episodes air daily except Tuesdays during the summer.
The episode will be available on Hulu starting at 12 a.m. Pacific Time / 3 a.m. Eastern Time.
Hulu subscription costs start at $11.99 per month.
Episode runtime is about 60 to 90 minutes.
The episode features Kavan’s actions being shown in a movie night, upsetting Jasmine and other contestants.
After the fallout, Kavan chooses to continue with Charleen instead of comforting Jasmine.
The villa atmosphere is tense due to conflicts and accountability issues among the contestants.
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President Donald Trump has proposed new rules aiming to change how the federal government spends money. These rules focus on removing funding related to diversity, equity, inclusion (DEI), and gender programs from government budgets.
Key Facts
President Trump supports responsible use of taxpayer money.
The proposed rule targets government spending related to DEI initiatives.
The rule also aims to cut funding for gender-related programs.
The goal is to change how federal funds are allocated.
This proposal affects government funding policies.
The article expresses concern that these rules could cause problems.
The focus is on federal government spending strategies.
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Debt relief can help reduce some types of debt, but it does not erase all debts. Different debt relief methods work in different ways, and some debts do not qualify for relief.
Key Facts
Debt relief includes several options like debt settlement, debt management, debt consolidation, and bankruptcy.
Debt settlement means negotiating with creditors to pay less than the full amount owed, often between 30% and 50% less, but only for debts creditors agree to settle.
To seek debt settlement, people usually pause payments and save money to pay a lump sum for settlements, which can cause late fees and harm credit scores.
Debt management plans involve negotiating lower interest rates and combining payments but do not reduce the total debt amount.
Debt consolidation replaces multiple debts with one loan, ideally with a lower interest rate, but does not erase debt.
Bankruptcy can erase some debts but typically does not affect student loans, most tax debts, child support, or alimony, and it stays on credit reports for up to 10 years.
Not all creditors agree to debt settlement, so some debts may remain unpaid or go to collections or legal action.
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President Donald Trump criticized Spain at the NATO Summit for not agreeing to increase its defense spending to 5% of its economy by 2030. He called Spain a bad NATO partner and urged cutting off all trade with the country, blaming it for not supporting the U.S. in the conflict with Iran.
Key Facts
Spain is the only NATO member not committed to spending 5% of its GDP on defense by 2030.
President Trump said the U.S. pays more than any other country toward NATO defense spending.
Trump wants the U.S. to stop all trade and business with Spain because of their defense spending and lack of support in the Iran conflict.
Spain’s Prime Minister Pedro Sanchez said Spain wants to keep a good relationship with the U.S.
Trump said only some small countries supported the U.S. war efforts in Iran, while major NATO powers like the UK, Germany, and France did not.
The comments were made during the NATO Summit in Ankara, Turkey, on July 8, 2026.
Trump also mentioned hostility from Spain regarding U.S. military base use in southern Spain.
Last year, Trump pushed NATO members to increase defense spending from 2% to 5% of GDP.
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An Austrian court ruled that a hotel’s ban on burkinis discriminated against two Muslim women. The court said the hotel’s hygiene claim was not valid and upheld a fine against the hotel for banning the swimsuit.
Key Facts
The hotel is located in Saint Johann im Pongau, a ski resort in western Austria.
The two women were prevented from wearing burkinis, a full-body swimsuit worn by some Muslim women.
The hotel manager argued the burkini was unhygienic and upset other guests.
The women filed a complaint, leading to a €100 fine for the hotel in February.
The hotel appealed, but the Salzburg court rejected the appeal and added a €20 fee for court costs.
The court stated the swimwear is made from the same material as other swimsuits, so the hygiene argument was not valid.
Austria bans face coverings like the burqa and niqab but not the burkini since it leaves the face uncovered.
The ruling does not create a nationwide rule, as discrimination laws allow some exceptions under certain conditions.
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OpenAI plans to release its latest advanced language model, GPT 5.6, to the public on Thursday. The release was delayed because the Trump administration asked the company to wait before making it available.
Key Facts
OpenAI is releasing GPT 5.6, its newest advanced AI language model.
The public release will happen on Thursday.
The rollout was delayed at the request of President Donald Trump’s administration.
OpenAI announced the release on the social platform X (formerly Twitter).
OpenAI CEO Sam Altman made a separate post encouraging developers to start using the model.
The delay was related to government safety or policy concerns (implied by the administration’s request).
The Hill contacted OpenAI for additional comment on the release.
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Stocks fell sharply after President Trump announced that the ceasefire with Iran is over. Oil prices rose more than 6% due to fears that new conflict could disrupt oil supply through the Strait of Hormuz.
Key Facts
President Trump said the ceasefire with Iran has ended and called dealing with Iran a waste of time.
Iran's Islamic Revolutionary Guard Corps attacked three oil tankers in the Strait of Hormuz, and the U.S. responded with strikes.
Brent crude oil price rose 6.3% to $78.80 per barrel; West Texas Intermediate oil rose 6.4% to $75 per barrel.
Major U.S. stock indexes dropped: Dow Jones fell 479 points (0.9%), S&P 500 down 0.4%, Nasdaq declined 0.2%.
The U.S. government revoked a recent waiver allowing Iranian oil sales, tightening sanctions after the tanker attacks.
Higher oil prices could increase inflation by raising gas and transport costs, complicating economic recovery and possibly leading to higher interest rates.
Experts say the ceasefire was fragile and the market is uncertain if the conflict will escalate or calm down.
Some analysts believe the White House prefers a diplomatic solution and expects the situation to stabilize eventually.
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