Scott Bessent is breaking the glass to check rising bond yields, but the fix is flawed

America's foremost authority on infectious diseases has been held in contempt for refusing to answer Congressional questions in a session led by one of his fiercest critics. What are the implications?

The former Fox News presenter, who now wields more influence over US politics than he did at the network from 2009-23, is now a vehement critic of Trump in recent months, in part over Israel

The US is betting that a sustained blockade can force Iran to make concessions on Hormuz. Iran is betting that rising economic pressure from the strait's closure will force the US to blink first.

The incoming spy chief was a corporate lawyer before chairing America's financial watchdog. Does he have the skills needed to oversee 18 powerful US intelligence agencies?

Washington has a long record of fighting the wrong war for the wrong objective

Come November, the Egyptian-American epidemiologist could become the first Muslim senator in US history, despite $70mn spent to defeat him in the Democratic primary

The Federal Reserve worked with the Bank of Japan last week to help lift the yen, after it hit nearly 40-year lows against the dollar. Has it succeeded?

Washington - or a turn elsewhere?

The deal's two biggest sticking points are proliferation concerns and a precondition to normalise relations with Israel. The first can be overcome and the second may be less of a factor from October