U.S. House passes $95 billion war funding package amid internal policy friction
The U.S. House of Representatives approved a $95 billion funding package for ongoing military operations, despite internal legislative rhetoric opposing conflict with Iran. The contradiction between the symbolic rebuke and the material funding suggests significant political polarization regarding U.S. foreign policy objectives.
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Iran-US Escalation: Strait of Hormuz Closure, Regional Attacks, and UK Threats
Direct military exchanges between the US and Iran have led to the confirmed closure of the Strait of Hormuz, triggering a global oil price surge and increased Brazilian DI rates. Concurrently, Kuwait has reported confirmed engagements with Iranian aerial projectiles and drone incursions, while an Iranian military group has designated UK-based facilities as legitimate targets, prompting a UK reaffirmation of defense posture. The UN Secretary-General has warned of rapidly escalating hostilities within Iran, emphasizing the urgent need for diplomatic intervention.