AFBytes Quarter Rundown — Monday, July 13, 10:00 PM ET

Here's what you need to know from the last 24 hours. U.S. forces carried out another round of strikes against Iran early Tuesday. President Trump stated that a diplomatic deal is still possible despite the escalation. Continued military action raises risks of wider regional conflict that can affect energy prices and U.S. defense posture. President Trump sent Congress formal notice that hostilities with Iran have resumed. The notification follows renewed military exchanges between the two countries. Resumed U.S.-Iran hostilities directly affect foreign policy commitments that can influence defense spending and energy prices paid by American households. President Trump accused the New York Times of wanting the United States to lose its war with Iran and threatened additional missile and drone strikes. Presidential criticism of media coverage shapes public information flow on foreign-policy decisions that carry fiscal and security consequences. President Trump told reporters that U.S. operations are focused on removing Iranian capabilities affecting the Strait of Hormuz. Targeting decisions around the Strait of Hormuz influence energy transit security that feeds into U.S. fuel prices and economic stability. The U.S. conducted strikes on Iran for a third consecutive night following an attack on a civilian vessel in the Strait of Hormuz. Continued military action raises the risk of broader conflict that could disrupt oil flows and raise costs for U.S. consumers. 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.