2026-05-28
Iran and US escalate strikes. Trump faces legal moves. Markets flinch.
Good morning. The US-Iran ceasefire is fraying faster than the negotiations meant to hold it. Meanwhile, a federal investigation into Trump's accuser landed the same week Trump sued the Wall Street Journal for $10 billion.
Morning Reality Check
Hostilities resumed during what both sides called a fragile ceasefire and three-month-long negotiations. The word 'fragile' did a lot of work.
Revolutionary Guard hit a US airbase Thursday. Hours earlier, Trump rejected claims he was close to a compromise deal. The Strait of Hormuz saw strikes near drone operations.
She watched him stumble through his June 2024 debate performance and thought it was neurological. It was his exit from the race.
Military reported 'hostile' projectiles. Alarms sounded across the country. The Strait of Hormuz was not staying quiet.
Direct retaliation. No detail withheld by either side.
Benchmark crude ticked up Thursday. Commercial traffic through the Strait of Hormuz, which had recovered slightly, dwindled back to near zero.
Tensions rose at the Strait. Iran reported no casualties or damage. Both sides reported what they always do.
Markets move on geopolitics. Haslinda Amin's daily breakdown examines which stories matter. This one moved equities.
- DOJ launches criminal probe into Trump accuser Carroll
- Google engineer charged with insider trading on Polymarket
- Democrats think they can turn Texas blue with Paxton vs. Talarico Senate race
- Australia sues 3M for $1.4B over 'forever chemicals'
- Israel strikes Tyre; security talks set for Washington
- Trump refiles $10B lawsuit against WSJ over Epstein story
"Standard noise. Calibrate accordingly."
"Worth paying attention to. Don't doomscroll."
The ceasefire was never meant to hold; both sides needed the photograph.
Back at 12:00 PM ET with the lunch reset brief.