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Daily Briefing

By Kate Turton

Hello. The US and Iran are at odds on nuclear inspections as the US Senate joins the House in voting to halt the Iran war, and Trump is set to mark the country's 250th birthday with a campaign-style rally.

Plus, presidential power takes center stage in the US Supreme Court's home stretch.

Today's Top News

Ships and boats in the Strait of Hormuz, Musandam, Oman. REUTERS/Stringer/File Photo

US President Donald Trump said that Iran had agreed to nuclear inspections into "infinity," while Tehran said it had made no such concession in negotiations, raising questions about the viability of their fragile peace deal.
The US Senate voted to stop military action against Iran, in a rare rebuke of Trump. Patricia Zengerle tells the Reuters World News podcast how this marks a real shift in Trump's grip on Congress. Meanwhile, just one in four Americans believes Trump's war with Iran was worth its costs, a Reuters/Ipsos poll found.
Trump opens a 16-day celebration of the United States’ 250th anniversary with a political rally, the start of festivities shaped by controversy over his polarizing approach ‌to governing and efforts to remake Washington.
More than 4.7 million people in the US have lost their Supplemental Nutrition Assistance Program benefits, also known as food stamps, since Trump’s signature tax and spending law took effect last July, with Arizona the hardest hit.
Western Europe was is in the grip of a deadly, record-setting heatwave that has killed dozens of people, closed schools, slowed trains, ‌knocked out electricity and forced farmers to harvest grain at night. Here are some of the health risks of extreme heat.
Britain, France and Germany raised the ‌alarm over recent Chinese activities off the east coast of Taiwan — where China has mounted coast guard patrols — saying they threaten regional stability and freedom of navigation.
Conservative Keiko Fujimori gained an insurmountable lead in Peru's presidential runoff, setting her on track to assume the presidency.

Business & Markets

SpaceX's stock extended its wild ride, briefly falling below its first-day opening price before rebounding on an otherwise weak day for the tech sector – sharpening Wall Street’s focus on the shifting balance between buyers and sellers of the volatile ‌shares.
The US Securities and Exchange Commission's enforcement division is probing funds typically used by private equity firms and other money managers to hold on to assets they either cannot or do not wish to sell.
Chinese automakers may be shut out of India, but their electric-vehicle technology is starting to make inroads in the world's third-largest car market.
A group representing major automakers warned that car companies may be forced to halt sales of both new and used vehicles in California on July 1 unless the state ‌delays vehicle technology rules that aim to prevent perpetrators of domestic violence from tracking survivors.
Fewer junior positions are being advertised in Switzerland than before 2023 as firms increasingly adopt AI, a study by Swiss job ‌portal jobs.ch showed.
Markets are wrestling with mixed signals: strong US data, falling oil, and a far more hawkish Fed outlook. Find out what it all means on the Reuters Morning Bid podcast.

Australia's tax overhaul chills nation's long love affair with property

Seagulls stand on Bondi beach in view of a graffiti reading 'What Housing Crisis?’on a residential property in Sydney, Australia, June 24, 2026. REUTERS/Hollie Adams

Just a short stroll from Sydney's famous Bondi Beach, auctioneer Clarence White struggles to drum up bids for an airy three-story home that boasts five bedrooms and an al fresco lounge - price tag, $3.64 million.

"We know everyone's cagey at the moment, but that's okay ... all power to those who are registered and those who take action," the veteran auctioneer tells a small group of prospective buyers and ‌onlookers, none of whom bids.

Failed auctions like this were once the exception in Sydney's red-hot property market. Now, clearance rates across the country have plunged, squeezed by an end to property investment tax breaks.

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And Finally...

A mural depicting Brazilian soccer player Neymar Jr., created by artist Rafael Jung, in Novo Hamburgo, Brazil. REUTERS/Diego Vara