US-Iran Tensions: President Trump claimed he called off a “massive” Iran attack after allies and Iran urged a deal, while Iran’s leadership denied ongoing talks—keeping the Strait of Hormuz and nuclear rhetoric at the center of the standoff. Foreign Policy & Markets: The latest flare-up has helped move markets on “peace hopes,” even as the U.S. and Iran trade accusations and Iran expands its pressure campaign. Japan-Yen Intervention: The U.S. and Japan carried out a rare joint yen-buying effort to slow yen weakness, with traders watching whether the Bank of Japan will follow through with faster rate hikes. Energy Costs: Ohio residents are bracing for record-high electric bills as July rates and heat-driven demand push costs sharply higher. Social Security Warning: A new analysis says Social Security could cut benefits by about 22% when the trust fund runs out around late 2032. Local Business & Jobs: McCarthy named Dhruv Patel COO/president; Summa Health tapped Jennifer Eslinger as its next CEO. Tech & Water: A Tennessee report says Meta’s Gallatin data center uses about 2% of local water sales, intensifying scrutiny of data-center growth. Politics & Elections: South Carolina’s Darline Graham launched her bid to replace Lindsey Graham, and Michigan voters get guidance on same-day voting rules.