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Israel refuses to leave Lebanon despite Trump’s landmark peace deal with Iran
On Thursday, Prime Minister Benjamin Netanyahu declared that Israeli forces will not withdraw from southern Lebanon, directly defying the terms of a new peace deal between the U.S. and Iran. President Trump reached the agreement to end a 100-day war, but Israeli officials view the pact as a "catastrophic capitulation" that grants too many concessions to Tehran. Israel invaded Lebanon in March to stop Hezbollah rocket fire and now insists on maintaining a "security zone" to protect its northern border regardless of the U.S. ceasefire. This defiance has sparked a historic… Read more
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California voters will decide on a massive one-time tax for state billionaires this November
On Wednesday, California officials confirmed that a proposal to levy a one-time 5% tax on the net worth of state billionaires will officially appear on the November ballot. The "Billionaire Tax Act" aims to raise an estimated $100 billion to fund healthcare services and education, specifically targeting shortfalls caused by federal funding cuts. Governor Gavin Newsom and a coalition of tech executives have emerged as the primary opponents, warning that the tax could trigger "capital flight" and destabilize the state's tax base. In an effort to secure Newsom's neu… Read more
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Trump blasts Netanyahu as Israeli strikes in Lebanon risk a US-Iran peace deal
President Trump issued an unusually harsh public rebuke of Prime Minister Benjamin Netanyahu this week, following Israeli airstrikes in Lebanon that have nearly derailed a historic U.S.-Iran peace deal. The White House is pushing for a 60-day regional ceasefire to secure an agreement with Tehran that would end hostilities and reopen the strategic Strait of Hormuz to global shipping. Trump reportedly told advisors that Netanyahu has "no judgment" after a strike on Beirut led Iranian officials to briefly cancel ongoing negotiations in Switzerland. While Israel maintains the right to… Read more
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Trump faces fierce bipartisan backlash over controversial peace deal with Iran
On Wednesday, President Trump signed a preliminary agreement in Versailles to end the war with Iran, triggering immediate condemnation from Washington lawmakers. Critics are labeling the deal an "unconditional surrender" because it grants Iran access to a $300 billion reconstruction fund and lifts long-standing oil sanctions. Prominent Republican hawks, usually allied with the President, are calling the move the worst foreign policy blunder in decades. Democratic leaders are also slamming the move, demanding immediate briefings and accusing the administration of bypassing congressional oversight to secure a hasty exit. Lawmakers from both sides are now preparing for a high-stakes legislative battle as the framework moves toward a formal review process.
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Trump and Pezeshkian sign a 14-point agreement to end the US-Iran war
President Trump and Iranian President Pezeshkian signed a 14-point memorandum of understanding on Thursday to end their 110-day war. The deal immediately reopens the Strait of Hormuz to global shipping and lifts heavy oil sanctions, a move that caused global crude prices to tumble. In exchange for a permanent end to hostilities, the U.S. agreed to support a $300 billion reconstruction fund for Iran and unfreeze billions in assets. Iran committed to never developing nuclear weapons and agreed to stop fighting in Lebanon, though the fate of its enriched uranium stockpile remains a point of contention. Formal negotiations for a final treaty will begin this week, with the current agreement serving as a 60-day roadmap for de-escalation.
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Lawmakers demand answers as oil companies profit billions from the Iran War
On Friday, U.S. and Canadian lawmakers escalated pressure on energy giants over record profits following the closure of the Strait of Hormuz. With the Iran War causing global supply shocks, fuel prices have surged even as oil companies report tens of billions in quarterly earnings. Democratic senators and Canadian policy advocates are now pushing for a windfall tax to redistribute these "excess" war-time profits back to struggling consumers. Industry executives and some conservative critics argue that high prices reflect global market volatility and that government regulation, not corporate greed, is the primary driver of the crisis. Public hearings are expected to continue next week as the White House weighs new executive actions to stabilize energy markets.
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