News Summary at 10:11 a.m. EDT

Iran's government has closed the Strait of Hormuz again, while negotiators head to Switzerland, signaling limited progress in the interim agreement with the United States. Tehran cited Israeli strikes in Lebanon and what it called U.S. bad faith as reasons for the closure, suggesting little movement will occur until Washington demonstrates it is honoring the deal. The escalation comes as Israeli strikes in southern Lebanon killed at least 16 people, including two children, threatening the terms of the broader cease-fire framework connected to the negotiations.

Meanwhile, Trump’s spat with Meloni and other headlines appeared alongside domestic economic coverage, including analysis of a Federal Reserve under new leadership signaling more transparency but potentially larger swings in markets. Analysts warn that clarifying the Fed's decisions could raise volatility and borrowing costs. In the Dominican Republic, a massive fire at the Viva Dominicus Beach by Wyndham resort in Bayahibe forced the evacuation of about 1,690 tourists, with local reports that one Italian tourist died and several others required medical assistance. In Ukraine, Russian strikes hit Kharkiv, illustrating a broader pattern of regional volatility.