The conflict in Iran continues to escalate, with US officials stating that the country is "just getting started" in the war. NATO shot down an Iranian missile heading towards Turkey, and a US submarine sank an Iranian ship. Meanwhile, a son of Iran's late supreme leader is being considered as a possible candidate to replace his father. The S&P 500 rose as oil prices eased, but traders remain cautious due to the ongoing conflict.
In other news, the Dallas Cowboys restructured the contract of wide receiver CeeDee Lamb to move under the 2026 cap. South Dakota Governor Kristi Noem testified at a House hearing after facing grilling from senators. Top defense officials pushed back on concerns about a US munitions shortage. President Trump fired back at right-wing critics who are questioning his handling of the Iran conflict, stating that "MAGA is Trump".
The conflict in Iran has also had a ripple effect on global markets, with supply chain disruptions potentially leading to price increases for goods such as electronics and pharmaceuticals. In other business news, the FTSE 100's defensive slant has come into its own, with investors seeking safe-haven assets. In sports, the Cleveland Cavaliers smothered the Detroit Pistons in a win that exposed the Pistons' fatal playoff flaw.
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