AFBytes Quarter Rundown — Friday, August 28, 7:00 PM ET

Here's what's been making headlines over the last 24 hours. Let's dive into the top stories. The United States is reportedly planning to terminate military assistance to Iraqi Kurdistan. Officials in the region warn that this could leave them vulnerable to further Iranian pressure and attacks. This decision could alter security dynamics in northern Iraq and affect U.S. leverage against Iranian expansion. Regional stability directly influences energy markets and the risk of broader conflict that draws in American resources. The Iran war has now lasted six months with no end in sight. President Trump had initially predicted the conflict would conclude within six weeks. Extended military operations affect U.S. defense spending, troop deployments, and regional stability that influences global energy prices. Prolonged engagement abroad tests U.S. ability to prioritize domestic security and limit foreign military commitments. New York Governor Kathy Hochul faces a lawsuit from fifteen sheriffs over a law that restricts local cooperation with ICE. The measure limits 287(g) agreements that allow state officers to perform federal immigration functions. This policy affects how local police interact with federal immigration authorities and shapes enforcement priorities in New York communities. Restrictions on local cooperation with federal immigration authorities reduce the ability of the United States to enforce its borders uniformly. Israel confronts a significant crisis that requires its next government to act on multiple fronts. Priorities include restoring democratic norms, strengthening alliances, and ensuring long-term security. This situation affects U.S. foreign policy commitments and regional security arrangements that involve American interests. Strong U.S. alliances with Israel support American strategic positioning in the Middle East. Fluctuations in U.S. Treasury yields could produce significant effects on both domestic and global economic conditions. Higher Treasury yields raise mortgage rates and corporate borrowing costs that affect housing affordability and business investment. Elevated yields reflect domestic fiscal and monetary conditions rather than external factors. 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.