This weekend brought a whirlwind of geopolitical tension, political loss, and domestic policy milestones. Here's a breakdown of the biggest stories.
From Strait of Hormuz to Capitol Hill: A Weekend of Escalation and Loss

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Iran Attacks Ship, U.S. Strikes Back
U.S. Central Command forces launched a strike on Iran Saturday after the Islamic Revolutionary Guard Corps attacked a container ship in the Strait of Hormuz. It was the third such strike this week. The IRGC hit the M/V GFS Galaxy, a Cyprus-flagged container ship, leaving a crew member missing and the vessel significantly damaged.
Defense Secretary Pete Hegseth didn't mince words: "Iran made a poor choice. Now they pay."
Sen. Lindsey Graham Dies at 71
Senator Lindsey Graham (R-S.C.) passed away Saturday night, his office confirmed Sunday. "On the evening of Saturday, July 11, U.S. Senator Lindsey Graham passed away from a brief and sudden illness," the statement read.
Iran's Supreme Leader Vows Retaliation
Iran's Supreme Leader, Ayatollah Mojtaba Khamenei, declared that avenging his slain predecessor and father was "the demand of the nation" and "must certainly" be carried out. The remarks came during funeral ceremonies for his father, Ayatollah Ali Khamenei, who was killed in U.S.-Israeli airstrikes on February 28.
Trump Says First 500,000 Trump Accounts Are Funded
President Donald Trump announced that the first 500,000 Trump Accounts have been funded, an early milestone for the investment program aimed at helping children build long-term savings. But economist Peter Schiff poured cold water on the news, arguing the funding doesn't represent a major economic achievement and questioning the program's broader impact.
Bernie Sanders Seizes on Billionaire Power Poll
Sen. Bernie Sanders pointed to a new Wall Street Journal poll showing 75% of Americans believe billionaires have too much influence in Washington. He argued that political power has become increasingly concentrated among the wealthiest Americans.
Trump Says Maggie Haberman 'Will Pay the Price'
President Trump responded to questions about his cognitive health from New York Times journalist Maggie Haberman, warning of consequences as his multibillion-dollar lawsuit against the newspaper progresses. Trump criticized Haberman for allegedly inaccurate reporting after she questioned his mental clarity on MS Now, citing recent verbal mistakes and limited public health information.
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Stock Market Today: S&P 500, Nasdaq 100 Futures Climb as Trump Warns Iran — MRVL, AAPL, ACN in Focus

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Goolsbee Warns the Fed's Inflation Patience May Be Running Out as October Hike Odds Hold Above 50%

Iran Sends War-End Terms to Trump Via Qatar — Ex-Pentagon Official Says US May Read It as 'Surrender'

Arm Stock Jumps 13% as CEO Says AI Demand 'Never Been Stronger'

AMD Stock Hits Fresh Record High, Up 183% This Year

Bessent Pitches US-China AI Hotline Ahead of Trump-Xi Summit: 'We Want a Shared Vision'






