AFBytes Quarter Rundown — Sunday, June 28, 7:00 PM ET

Here's what's been making headlines today in the world of news. A tanker was struck in the Strait of Hormuz, marking the worst escalation since a recent peace deal. The incident highlights the strategic importance of maintaining naval presence to protect energy routes. Higher oil prices would increase costs for American households and logistics firms. The strike tests U.S. and allied ability to keep the Strait open and deter further attacks on commercial traffic. The administration is unwinding decades of sanctions on Iran as part of a broader agreement. Changes in Iran sanctions affect global oil supply expectations and energy prices. The policy shift also influences U.S. trade leverage and regional security commitments. Lower global oil prices would reduce costs for American drivers and homeowners. Reversing sanctions tests the effectiveness of maximum-pressure economic tools and U.S. ability to extract lasting concessions. Iran struck targets in Bahrain and Kuwait after new exchanges with the United States. The ceasefire appears increasingly fragile. Further escalation in the Gulf raises the risk of energy supply disruptions and higher prices at the pump for American consumers. The strikes test U.S. willingness to maintain security commitments to Gulf partners amid ongoing regional conflict. Higher energy prices would increase transportation and heating costs for U.S. households. Attacks raise the prospect of wider involvement of U.S. forces to protect allies and energy infrastructure. A bipartisan group of U.S. House lawmakers is urging the Trump administration to reject the sale of F-35 jets to Turkey. They cite risks that the advanced aircraft could compromise Israeli security advantages. The potential sale touches U.S. foreign policy that pulls in trade and alliance commitments. It affects regional stability in the Middle East. Blocking the sale prioritizes protection of a key ally's security edge and limits technology transfer to a NATO member with shifting alliances. U.S. foreign military sales rarely alter household budgets directly but can influence overall defense spending levels over time. The episode highlights U.S. efforts to manage alliance technology sharing while preserving deterrence. That's the day from where we sit — thanks for spending part of it with us. Stay with us at AFBytes for what's next.