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27 July Briefing Read full brief

America can reach Iran’s targets. It is running short of room to keep hitting them.

Trump paused US strikes after 13 consecutive nights as commanders warned that another escalation could drain scarce Patriot interceptors. The Pentagon’s recategorized tally now points to 18 dead and 624 wounded, while Omani mediation competes with ground-assault planning and a new 50% tariff wall against Canada.

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US and Saudi Arabia launch joint strikes on Iran-backed militias in Iraq; US resumes heavy bombing of Iran

The United States and Saudi Arabia conducted their first publicly acknowledged joint military strikes on Iran-backed militias in Iraq, killing at least 20 members of the Popular Mobilization Forces (PMF) and wounding 32 others. The strikes targeted PMF logistics and weapons sites across seven provinces in response to over 30 IRGC-directed drone attacks on US forces and Saudi energy infrastructure in the preceding 72 hours. This action, which Iraq condemned as a violation of its sovereignty, marked a significant escalation and drew Saudi Arabia directly into the conflict. Concurrently, the US military resumed its bombing campaign against Iran with a 'heavy wave' of strikes on IRGC targets, including command centers, missile and drone facilities, and coastal defense sites, in retaliation for an Iranian ballistic missile attack on a US base in Jordan. The renewed hostilities, which ended a five-day pause, also saw a drone attack on a US-owned gas tanker at Egypt's Damietta port and a spike in oil prices, raising fears of a wider regional war.

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The United States and Saudi Arabia conducted their first publicly acknowledged joint military strikes on Iran-backed militias in Iraq, killing at least 20 members of the Popular Mobilization Forces (PMF) and wounding 32 others. The strikes targeted PMF logistics and weapons sites across seven provinces in response to over 30 IRGC-directed drone attacks on US forces and Saudi energy infrastructure in the preceding 72 hours. This action, which Iraq condemned as a violation of its sovereignty, marked a significant escalation and drew Saudi Arabia directly into the conflict. Concurrently, the US military resumed its bombing campaign against Iran with a 'heavy wave' of strikes on IRGC targets, including command centers, missile and drone facilities, and coastal defense sites, in retaliation for an Iranian ballistic missile attack on a US base in Jordan. The renewed hostilities, which ended a five-day pause, also saw a drone attack on a US-owned gas tanker at Egypt's Damietta port and a spike in oil prices, raising fears of a wider regional war.

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Netanyahu and Zelensky Meet Trump in Washington Amid Iran and Ukraine Wars

Israeli Prime Minister Benjamin Netanyahu and Ukrainian President Volodymyr Zelensky are separately meeting US President Donald Trump at the White House on July 28, 2026. Netanyahu's visit is his first since the start of the US-Israel war on Iran, with talks focused on the conflict's trajectory and expanding the Abraham Accords. Zelensky's meeting comes as the US Senate considers new Russia sanctions and as Kyiv shifts its requests from emergency aid to production licenses and technology transfers for domestic defense manufacturing. Both leaders are in Washington to attend the funeral of Senator Lindsey Graham, a key advocate for Ukraine and Israel. The meetings occur amid a pause in US-Iran hostilities, with Trump claiming 'very friendly negotiations' are ongoing while warning of resuming military action if talks fail.

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Israeli Prime Minister Benjamin Netanyahu and Ukrainian President Volodymyr Zelensky are separately meeting US President Donald Trump at the White House on July 28, 2026. Netanyahu's visit is his first since the start of the US-Israel war on Iran, with talks focused on the conflict's trajectory and expanding the Abraham Accords. Zelensky's meeting comes as the US Senate considers new Russia sanctions and as Kyiv shifts its requests from emergency aid to production licenses and technology transfers for domestic defense manufacturing. Both leaders are in Washington to attend the funeral of Senator Lindsey Graham, a key advocate for Ukraine and Israel. The meetings occur amid a pause in US-Iran hostilities, with Trump claiming 'very friendly negotiations' are ongoing while warning of resuming military action if talks fail.

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Oil prices plunge as US and Iran pause attacks, easing supply fears

Oil prices fell sharply, with Brent crude dropping over 9% to $87.59 a barrel, after the US and Iran halted attacks for a second night to allow negotiations. The pause follows weeks of conflict that had closed the Strait of Hormuz and pushed prices above $100. Despite the drop, analysts caution that uncertainty remains high. European gas storage is at historic lows, and prolonged closure of the strait could lead to elevated energy prices through winter, impacting inflation and central bank policies.

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Oil prices fell sharply, with Brent crude dropping over 9% to $87.59 a barrel, after the US and Iran halted attacks for a second night to allow negotiations. The pause follows weeks of conflict that had closed the Strait of Hormuz and pushed prices above $100. Despite the drop, analysts caution that uncertainty remains high. European gas storage is at historic lows, and prolonged closure of the strait could lead to elevated energy prices through winter, impacting inflation and central bank policies.

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Oil prices drop over 4% as Iran and US pause strikes near Strait of Hormuz

Background: Oil prices had fallen to pre-war levels as Strait of Hormuz traffic surged, with Brent crude dropping to $72.24 per barrel, but global inventories were severely depleted. New development: Iran and the United States have agreed to pause military strikes near the Strait of Hormuz, causing oil prices to fall more than 4%. The de-escalation reduces immediate supply disruption risks, though markets remain vulnerable due to depleted reserves. The fragile ceasefire leaves markets exposed to potential future price spikes if it collapses.

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Background: Oil prices had fallen to pre-war levels as Strait of Hormuz traffic surged, with Brent crude dropping to $72.24 per barrel, but global inventories were severely depleted. New development: Iran and the United States have agreed to pause military strikes near the Strait of Hormuz, causing oil prices to fall more than 4%. The de-escalation reduces immediate supply disruption risks, though markets remain vulnerable due to depleted reserves. The fragile ceasefire leaves markets exposed to potential future price spikes if it collapses.

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Trump Administration Appeals to Supreme Court to Reinstate Mail-In Voting Restrictions

Background: A federal appeals court in Boston upheld a lower court ruling blocking President Trump's executive order that sought to tighten mail-in voting rules in 23 states, finding key parts of the order unconstitutional. Today: The US Justice Department filed an emergency request with the Supreme Court to allow the executive order to take effect while the legal battle continues. The order would require a federal list of eligible voters to receive mail-in ballots, which critics argue could disenfranchise voters and disproportionately affect Democrats. The Supreme Court has given states until August 3 to respond. The Justice Department filed the emergency request on Monday, asking the Court to pause the lower court ruling in 23 Democratic-led states and Washington, DC, after the First US Circuit Court of Appeals declined to pause the ruling over the weekend. The administration argues the order is 'general policy guidance' and that the injunction is 'especially indefensible' because agencies are still deliberating implementation. Solicitor General John Sauer urged the Court to act quickly, noting the policy must be in place by August to affect the November midterms. Voting rights advocates say the restrictions could disproportionately affect Democratic voters.

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Background: A federal appeals court in Boston upheld a lower court ruling blocking President Trump's executive order that sought to tighten mail-in voting rules in 23 states, finding key parts of the order unconstitutional. Today: The US Justice Department filed an emergency request with the Supreme Court to allow the executive order to take effect while the legal battle continues. The order would require a federal list of eligible voters to receive mail-in ballots, which critics argue could disenfranchise voters and disproportionately affect Democrats. The Supreme Court has given states until August 3 to respond. The Justice Department filed the emergency request on Monday, asking the Court to pause the lower court ruling in 23 Democratic-led states and Washington, DC, after the First US Circuit Court of Appeals declined to pause the ruling over the weekend. The administration argues the order is 'general policy guidance' and that the injunction is 'especially indefensible' because agencies are still deliberating implementation. Solicitor General John Sauer urged the Court to act quickly, noting the policy must be in place by August to affect the November midterms. Voting rights advocates say the restrictions could disproportionately affect Democratic voters.

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Markets price 34% chance of surprise Fed rate hike amid Gulf tensions

Ahead of the Federal Reserve's upcoming two-day meeting, markets are pricing a 34% chance of an interest rate hike, up from 16% a week ago, driven by re-escalated Gulf hostilities that have pushed oil prices and bond yields higher. New Fed Chairman Kevin Warsh, who has emphasized flexibility and open-mindedness, faces pressure to explain any move or non-move in his post-meeting press conference. The European Central Bank left rates unchanged, with President Christine Lagarde cautioning against overreacting to volatile energy prices. The article also reviews historical instances of surprise Fed moves, noting that such actions have typically been reserved for extreme circumstances, and highlights the risks of appearing reactive to short-term market swings.

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Ahead of the Federal Reserve's upcoming two-day meeting, markets are pricing a 34% chance of an interest rate hike, up from 16% a week ago, driven by re-escalated Gulf hostilities that have pushed oil prices and bond yields higher. New Fed Chairman Kevin Warsh, who has emphasized flexibility and open-mindedness, faces pressure to explain any move or non-move in his post-meeting press conference. The European Central Bank left rates unchanged, with President Christine Lagarde cautioning against overreacting to volatile energy prices. The article also reviews historical instances of surprise Fed moves, noting that such actions have typically been reserved for extreme circumstances, and highlights the risks of appearing reactive to short-term market swings.

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Trump backs Hegseth amid Iran tensions; administration faces scrutiny on multiple fronts

President Trump expressed confidence in Defense Secretary Pete Hegseth amid reported advice for pre-emptive military action against Iran. The administration faces scrutiny over reclassifying Iran war casualties, a Supreme Court request on mail-in voting restrictions, and a congressional investigation into FIFA ties. Michigan Senate primary debate highlights Democratic divisions.

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President Trump expressed confidence in Defense Secretary Pete Hegseth amid reported advice for pre-emptive military action against Iran. The administration faces scrutiny over reclassifying Iran war casualties, a Supreme Court request on mail-in voting restrictions, and a congressional investigation into FIFA ties. Michigan Senate primary debate highlights Democratic divisions.

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US Officials Urge Restraint as Trump Weighs Iran Escalation; Brazil Recalls Ambassador from Argentina

Top US officials, including Vice President JD Vance and Joint Chiefs Chairman Gen. Dan Caine, urged President Donald Trump to avoid major escalation in the war with Iran during a Friday meeting, citing munitions shortages and risks of civilian casualties and regional escalation. Separately, Brazil recalled its ambassador from Argentina after President Javier Milei insulted Brazilian Supreme Court Justice Alexandre de Moraes at a Liberal Party convention. Pope Leo XIV renewed calls for peace in the Middle East, and the UN reported on Israeli violations in Syria.

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Top US officials, including Vice President JD Vance and Joint Chiefs Chairman Gen. Dan Caine, urged President Donald Trump to avoid major escalation in the war with Iran during a Friday meeting, citing munitions shortages and risks of civilian casualties and regional escalation. Separately, Brazil recalled its ambassador from Argentina after President Javier Milei insulted Brazilian Supreme Court Justice Alexandre de Moraes at a Liberal Party convention. Pope Leo XIV renewed calls for peace in the Middle East, and the UN reported on Israeli violations in Syria.

Frequently Asked

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Why did Trump order a pause in strikes on Iran?
Trump told the military to hold fire after 13 consecutive nights of strikes, partly due to Omani diplomacy over the Strait of Hormuz and partly because US commanders warned that a larger campaign could consume Patriot interceptors faster than they could be replaced.
How many US service members have been killed or wounded in the Iran conflict?
The public database indicates 18 US service members killed and 624 wounded, according to Pentagon figures that include a new 'Overseas Operations' category.
What is the status of the Strait of Hormuz talks?
Omani officials were in Tehran trying to devise a mechanism for reopening the Strait of Hormuz, and Iran has accepted the discussions while insisting that control of Hormuz belongs in any deal.
What new tariffs did Trump impose on Canada?
Trump invoked Section 338 of the 1930 Tariff Act to impose additional 50% duties on Canadian motor vehicles, alcohol, and dairy products from August 19, affecting trade worth $20.2 billion in 2024.
What military options are being considered for Iran's nuclear sites?
Military planners are studying a ground operation involving thousands of troops to secure Fordow, Isfahan, and Natanz and remove enriched uranium that air strikes may not be able to destroy.