The U.S. military says it destroyed five Iranian crude-oil carriers after Iran’s Revolutionary Guard targeted a U.S. Navy warship with ballistic missiles, marking another major escalation in the Iran conflict. Meanwhile, Treasury Secretary Scott Bessent is challenging traders to bet against the Japanese yen, while reports say Donald Trump’s oil investments have gained millions as the war drives energy prices higher. Israel is intensifying strikes in Lebanon and appears to be increasing tensions with Turkey, while an Anthropic researcher has quit over concerns about AI becoming “out of control.” Republicans are struggling to fill seats at their Trump-centered midterm convention, and actor John Malkovich canceled an Israeli performance after organizers attributed a statement to him that he says he never made.
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