French presidential office says Sweden will sign a contract to purchase four frigates built by France's Naval Group.

Tasnim reported the conflict has stretched to six months, with US public debt up about $4 trillion and missile-interceptor stocks roughly 80% depleted. The report cites 18 dead and 757 wounded. Tasnim said US gasoline has topped $4/gal, US refineries are under strain and a Strait of Hormuz crisis has emerged, shifting costs to American consumers and the global economy. The USS Abraham Lincoln is described as facing operational strain — low crew morale, shortages of drinking water and food and reported suicides. Tasnim said US aims to destroy Iran’s nuclear and missile capabilities remain unmet; the Pentagon has warned of falling ammunition stocks, Senator Schumer has criticized the campaign, and Trump was briefly moved into a food-transport vehicle during a Turkey visit, which Tasnim framed as a security crisis.

Fed's Barkin said rising U.S. public debt will ultimately face "liquidation", though the timing is unpredictable. Asked about debt exceeding $40 trillion, he said the government can keep borrowing while investors keep buying Treasuries, but warned investors could begin to balk. He cited the dollar's global role and U.S. rule of law as current supports for demand, but said the risk is that purchasers eventually stop. Barkin reiterated that, given evidence of falling inflation, rates should be held steady, while acknowledging policymakers may need to raise rates if price pressures become entrenched.