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BESSENT: TRUMP SHOULD BE ON A $250 BILL

AIR DEFENCE ACTIVITY REPORTED NEAR IRAN'S QESHM ISLAND -MEHR

IRAN'S BAGHAEI SAYS THE MANAGEMENT OF THE STRAIT OF HORMUZ MUST BE DECIDED BY IRAN AND OMAN

IRAN'S BAGHAEI SAYS NO AGREEMENT HAS BEEN FINALISED WITH THE UNITED STATES SO FAR

SENIOR IRANIAN SOURCE TO REUTERS: A POLITICAL UNDERSTANDING HAS BEEN REACHED BETWEEN IRAN AND THE U.S., BUT IT HAS NOT YET BEEN FINALISED

FARS: IMMEDIATE PAYMENT OF $12 BILLION FROM IRAN'S FROZEN ASSETS IS INCLUDED IN MOU

IRAN'S FARS AGENCY : INFORMED SOURCES STRESSED THERE IS NO PROVISION ABOUT DESTROYING TEHRAN'S NUCLEAR MATERIALS IN MOU, CLAIM IS FUNDAMENTALLY 'BASELESS'

FARS, CITING SOURCES, SAYS TRUMP'S COMMENTS ARE AN 'ATTEMPT TO PORTRAY A FABRICATED VICTORY'

IRAN'S FARS, CITING SOURCES, REJECTS TRUMP'S COMMENTS ABOUT A POSSIBLE AGREEMENT WITH IRAN AS 'A MIXTURE OF TRUTH AND FALSEHOOD'

IRAN'S FARS CITING SOURCES: AGREEMENT WITH U.S. IS IN THE FINAL STAGES OF RATIFICATION IN IRAN AND A FINAL DECISION HAS NOT YET BEEN MADE

PUTIN ON DRONE IN ROMANIA: I HAVE JUST HEARD ABOUT THIS PUTIN: I HEAR SOME DRONE FLEW IN ROMANIA, I DON'T KNOW WHAT THE DRONE IS PUTIN: NO ONE CAN TELL ABOUT THE ORIGIN OF A DRONE PUTIN: UKRAINIAN DRONES FLEW INTO POLAND AND BALTIC STATES BEFORE

IRAN'S FARS NEWS AGENCY SAYS IRANIAN SOURCES DENY TRUMP'S LATEST COMMENTS

KALSHI LAUNCHES AMERICA’S FIRST PERPETUAL FUTURES Kalshi today announced the launch of perpetual futures contracts, becoming the first company in U.S. history to offer regulated perpetuals. Pending regulatory approval, U.S. investors will soon be able to trade crypto perpetual futures on Kalshi’s CFTC-regulated platform. Kalshi plans to launch crypto perpetuals across more than a dozen currencies. Funding rates update every eight hours, with full details available at kalshi

IRAN'S FOREIGN MINISTER ARAQCHI SAYS HE HAD PRODUCTIVE CALL WITH OMAN'S FOREIGN MINISTER, EXPRESSED IRAN'S SOLIDARITY WITH OMAN IN FACE OF ANY THREAT - POST ON X

IRAN'S FOREIGN MINISTER ARAQCHI: WE DISCUSSED HORMUZ AND ITS FUTURE ADMINISTRATION IN LINE WITH OUR SOVEREIGN RESPONSIBILITIES AND INTERNATIONAL LAW

IRAN'S TASNIM NEWS AGENCY SAYS SOUNDS COMING FROM THE SEA ARE CAUSED BY FIRE EXCHANGE IN WARNING TO SHIPS IN THE STRAIT OF HORMUZ

IRAN'S FARS SAYS EXACT DESTINATION OF THE MISSILES NOT YET CLEAR

IRAN'S FARS: IRAN'S ARMED FORCES CARRIES OUT A MISSILE LAUNCH OPERATION FROM SOUTHERN REGIONS OF THE COUNTRY TOWARD SPECIFIED TARGETS

POLITICS JUST GOT ITS OWN STOCK TICKER Kalshi has launched the American Power Index — a real-time market-based measure of who holds political power in the US. The index combines control of the House, Senate, and Presidency with prediction market forecasts, creating a single live score from +50D to +50R. Current reading: +2.90R — leaning Republican. No more relying on polls alone. Politics now has its own S&P-style indicator.

SPOT GOLD EXTENDS GAINS, LAST UP NEARLY 1% AT $4,498.63/OZ

US-IRAN MEMORANDUM OF UNDERSTANDING ON 60-DAY CEASEFIRE EXTENSION REACHED BUT TRUMP MUST STILL APPROVE -SOURCE FAMILIAR WITH THE MATTER

IRAN–U.S. DEAL REPORTEDLY BLOCKED AT TOP LEVELS A source cited by i24NEWS claims that while an agreement was reached between Iranian negotiator Araghchi and the U.S. team led by Witkoff, it has not been approved by Iran’s senior leadership. According to the report, Mojtaba Khamenei did not give approval, which may also be a factor in why President Trump has not given final consent.

ANY WILLING PARTNERS IN TOLLING IN STRAIT OF HORMUZ WILL BE PENALIZED -BESSENT

OMAN SHOULD KNOW THAT U.S. TREASURY WILL TARGET ANY ACTORS INVOLVED IN FACILITATING TOLLS FOR STRAIT OF HORMUZ -BESSENT

U.S. TREASURY YIELDS FALL AFTER AXIOS REPORTS US AND IRAN REACH DEAL TO EXTEND CEASEFIRE BUT NEEDS TRUMP OK; YIELD ON 10-YEAR TREASURY NOTES LAST DOWN 2.8 BASIS POINTS AT 4.453%

U.S.–IRAN DEAL PENDING TRUMP APPROVAL U.S. and Iranian negotiators have agreed on a 60-day ceasefire and framework for nuclear talks, but the deal still awaits final approval from President Trump. The memorandum would reopen negotiations on Iran’s nuclear program, ensure unrestricted shipping through the Strait of Hormuz, and include Iranian commitments on uranium enrichment, alongside possible sanctions relief discussions. Officials say most terms are settled, but final authorization from top leadership on both sides is still pending, with Trump reportedly taking a few days to decide.

U.S. AND IRAN REACH DEAL BUT NEED TRUMP'S FINAL APPROVAL, OFFICIALS SAY -AXIOS

GAS PRICES POST BIGGEST DROP OF 2026 U.S. gas prices fell 15.2¢/gal in a week to about $4.405/gal, with diesel at $5.52/gal (GasBuddy). Prices could fall further, but remain volatile amid U.S.–Iran tensions.

UBS SAYS MARKETS OVERPRICE FED HAWKISHNESS UBS says markets are overestimating the Federal Reserve’s hawkish shift, arguing rate hike expectations are too aggressive given still-anchored inflation trends. The bank now expects Fed easing to resume in December, with another cut in March 2027, but says there is a high bar for any rate hikes. UBS attributes recent yield gains to inflation and energy fears but says they are not a reason to reduce equity exposure, recommending disciplined portfolio positioning instead. The bank remains constructive on equities, forecasting strong S&P 500 earnings growth and maintaining a 7,900 year-end target.

$HOOD - ROBINHOOD LAUNCHES TRUMP ACCOUNTS APP Robinhood has released its official Trump Accounts app.Parents can now open a Trump Account to invest in their child’s future. Eligible children born 2025–2028 will receive a $1,000 starter contribution from the U.S. Treasury. The app is available for download today — a major step toward long-term financial security for millions of kids.

US APR NEW HOME SALES -6.2% TO 622K; CONSENSUS 663.0K US MAR NEW HOME SALES REVISED TO 663K FROM 682.0K US APR NEW HOME SALES SUPPLY AT 9.4 MONTHS

FED'S WILLIAMS: HIT TO INFALTION LIKELY TO PEAK IN NEXT FEW MONTHS

GOLDMAN'S WALDRON: GEOPOLITICS SUPPLY SHOCKS COULD GET WORSE

GOLDMAN'S WALDRON: INFLATION IS PROBABLY THE SINGLE BIGGEST RISK ELEMENT

BESSENT: HAVE SANCTIONED IRAN’S PERSIAN GULF STRAIT AUTHORITY

BESSENT: WE WILL BE SHUTTING DOWN BOTH IRANIAN AIRLINES’ ACCESS TO LANDING SPOTS, REFUELING, AND TICKET SALES.

FED’S WILLIAMS: HIGHER PRODUCTIVITY RATES CAN RAISE REAL INTEREST RATE

SPOT GOLD HOLDS LOSSES AFTER US ECONOMIC DATA, LAST DOWN 1.5% AT $4,392.57/OZ

RUSSIAN FOREIGN MINISTRY ON U.S. SENDING ADDITIONAL TROOPS TO POLAND: THIS COULD LEAD TO ESCALATION OF TENSIONS BETWEEN RUSSIA AND THE WEST

RUSSIAN FOREIGN MINISTRY ON CLAIMS THAT RUSSIA IS JAMMING GPS SIGNALS IN EUROPE FROM KALINIGNGRAD: LET THEM PROVIDE PROOF

ISRAEL MILITARY SAYS IT CARRIED OUT A STRIKE IN LEBANON'S BEIRUT

KUWAIT CONDEMNS IRANIAN ATTACKS ON ITS TERRITORY ON THURSDAY - STATEMENT

IRAN'S IRGC SAY TEHRAN IS CONTROLLING AND MANAGING THE STRAIT, ANY DISRUPTION WILL BE MET WITH 'DECISIVE RESPONSE'

IRAN'S IRGC SAY OBTAINING PERMISSION AND COORDINATING WITH NAVY ARE MANDATORY TO PASS THROUGH HORMUZ

IRAN'S IRGC SAY 26 VESSELS PASSED THROUGH THE STRAIT OF HORMUZ IN THE PAST 24 HOURS - SNN

IRAN'S STATE TV SAYS IRAN STOPPED TWO VESSELS PASSING THROUGH HORMUZ , FORCED TWO OTHERS TO TRUN BACK BEFORE U.S. ATTACKS ON BANDAR ABBAS EARLY ON THURSDAY

JPMORGAN'S DIMON SAYS THIS YEAR EXPENSES COULD BE HIGHER

SPOT GOLD FALLS 2% TO $4,411.99/OZ

RATE HIKE RISK RISES AS INFLATION EXPECTATIONS CLIMB Global inflation expectations are rising amid the unresolved U.S.–Iran conflict, increasing the likelihood of interest rate hikes by the Federal Reserve and other central banks, according to Bob Savage. Savage warned that even signals of a return to tighter policy could shift global expectations, forcing other central banks to align to avoid currency and inflation pressures driven by dollar-priced commodities.

$HOOD - ROBINHOOD LETS AI TRADE STOCKS AND MAKE PURCHASES Robinhood Markets is rolling out a feature that lets customers delegate investing and credit-card spending decisions to AI agents. Users can connect tools like Anthropic’s Claude or Cursor to a dedicated account where the AI can place stock trades, manage portfolios, and execute spending tasks within set limits and alerts. For credit cards, AI agents can search for deals, book travel, and secure tickets using a virtual Gold card, while users retain control through spending caps, approvals, and instant notifications. For now, the system is limited to stock trading, with options and crypto support planned later.

IRAN-US DRAFT FRAMEWORK LINKS HORMUZ ACCESS TO SECURITY DEAL Iran’s state TV reports a draft, unofficial framework for a MoU with the U.S. outlining a potential deal on the Strait of Hormuz. The draft says U.S. forces would withdraw from areas near Iran and lift a naval blockade, while Iran would restore commercial shipping through Hormuz to pre-war levels within one month. Military vessels are excluded. Iran would manage shipping routes in coordination with Oman. If a final agreement is reached within 60 days, it could be turned into a binding UN Security Council resolution. Iran also stressed the framework is not finalized and that no steps will be taken without “tangible verification.”

IRAN'S STATE TV: THE ISLAMABAD MEMORANDUM FRAMEWORK IS NOT YET FINALIZED; NO STEP WILL BE TAKEN BY IRAN WITHOUT "TANGIBLE VERIFICATION"

IRAN'S STATE TV: IF A FINAL DEAL IS REACHED WITHIN 60 DAYS, THIS AGREEMENT WILL BE APPROVED IN THE FORM OF A BINDING UN SECURITY COUNCIL RESOLUTION

IRAN'S STATE TV: THE MANAGEMENT AND ROUTE OF SHIP TRAFFIC THROUGH STRAIT OF HORMUZ WILL BE HANDLED BY IRAN IN COOPERATION WITH OMAN

IRAN'S STATE TV SAYS MILITARY VESSELS ARE NOT INCLUDED IN THIS DRAFT AGREEMENT

IRAN'S STATE TV SAYS IN RETURN, IRAN HAS COMMITTED TO RESTORING THE NUMBER OF COMMERCIAL TRANSIT SHIPS THROUGH HORMUZ STRAIT TO PRE-WAR LEVELS WITHIN IN ONE MONTH

IRAN'S STATE TV SAYS ACCORDING TO DRAFT MOU US MILITARY FORCES WILL WITHDRAW FROM VICINITY OF IRAN AND LIFT NAVAL BLOCKADE

IRAN'S STATE TV SAYS IT HAS A DRAFT OF THE INITIAL UNOFFICIAL FRAMEWORK FOR MOU WITH US

CASH HOME BUYING FALLS TO LOWEST MARCH LEVEL SINCE 2020 Redfin reports 28.8% of U.S. homebuyers paid cash in March, down to its lowest level for that month since 2020. The drop reflects easing mortgage rates, a buyer-favored housing market, and economic uncertainty pushing buyers to preserve liquidity. Cash deals remain most common in cheaper or retirement-heavy markets like Cleveland and West Palm Beach, and least common in expensive West Coast cities such as Seattle and Los Angeles.

PRESIDENT’S WEDNESDAY SCHEDULE 8:00 AM — Executive Time (Closed Press) 9:00 AM — In-Town Pool Call Time 11:00 AM — Cabinet Meeting (White House Press Pool) 3:00 PM — Policy Meeting, Oval Office (Closed Press) 4:00 PM — Policy Meeting, Oval Office (Closed Press)

IRAN'S IRGC NAVY SAYS PASSAGE OF "HOSTILE COUNTRIES" VESSELS THROUGH THE STRAIT OF HORMUZ IS STILL PROHIBITED

BANK OF MONTREAL SEES U.S. REAL GDP GROWING 2.1% IN 2026, INFLATION TO AVERAGE ABOVE 3% BANK OF MONTREAL SAYS U.S. FEDERAL RESERVE MAY LOWER POLICY RATES LATER IN YR

FED WARNS OF ENERGY HIT IF HORMUZ STAYS SHUT Lorie Logan warned that the world may have to cut oil and gas use if shipping through the Strait of Hormuz does not return to normal soon. The conflict involving Iran, the U.S. and Israel has disrupted traffic through the key energy route, driving up oil, food and fertilizer prices. Before the war, about 20% of global oil and LNG supplies passed through the strait. Logan said global energy demand may need to fall if supplies remain tight, especially as U.S. oil production growth is expected to stay limited. She noted that global oil supply has already dropped by about 13 million barrels a day since the war began, with inventories helping to fill the gap for now. “If the molecules aren’t available, the world can’t consume them,” Logan said.

$NVDA - USTR GREER: CHINESE COMPANIES ARE INTERESTED IN NVIDIA H200 CHIP, BUT COMMUNIST PARTY IS INTERESTED IN PROMOTING DOMESTIC CHIPS

$TSLA - MUSK HAS DISCUSSED WITH COLLEAGUES THE POSSIBILITY OF FOLDING TESLA-SPACEX TOGETHER - CNBC

TRUMP: TOTAL SURRENDER AND MEDIA ATTACK CLAIM Trump states that Iran would need to fully surrender—militarily and politically—by admitting defeat, abandoning weapons, and formally signing surrender documents. He describes this as a complete collapse of Iran’s armed forces and leadership. He also criticizes major media outlets (including the New York Times, CNN, and others) and Democrats, accusing them of distorting reality and portraying events inaccurately, while emphasizing U.S. strength and dominance.

U.S. CRUDE OIL FUTURES SETTLE AT $93.89/BBL, DOWN $2.71, 2.81 PCT

IRAN'S IRGC NAVY SAYS 25 OIL TANKERS, CONTAINER SHIPS, AND OTHER COMMERCIAL VESSELS PASSED THROUGH STRAIT OF HORMUZ WITH PERMISSION FROM IRAN IN THE PAST 24 HOURS - TASNIM

UBS SEES GLP-1 DRUGS WEIGHING ON RESTAURANTS UBS says growing use of GLP-1 weight-loss drugs could become a headwind for restaurant sales as users cut calories, dine out less, and shift toward healthier foods. The bank expects restaurants to increasingly adapt menus with smaller portions and healthier options, with fast food and less healthy chains most at risk.

NETANYAHU SAYS ISRAELI MILITARY OPERATING WITH 'LARGE FORCES ON GROUND' IN SOUTHERN LEBANON AND TAKING CONTROL OF 'STRATEGIC AREAS'

$META - META TO LAYOFF 1,395 EMPLOYEES IN KING COUNTY IN JULY 2026 - WARN NOTICE

DUDLEY WARNS FED CREDIBILITY AT RISK Bill Dudley says the Federal Reserve risks losing credibility after years of missing its 2% inflation target, warning that expectations may become unanchored. He pointed to persistent inflation above target, rising long-term expectations, and strong U.S. growth despite high rates, suggesting policy may be less restrictive than assumed. Dudley added that structural forces like AI investment and high government debt may be lifting the “neutral” rate, while political pressure and leadership change add to uncertainty.

US NAVY ESCORTS SHIPS THROUGH STRAIT OF HORMUZ U.S. Navy is quietly assisting commercial vessels crossing the Strait of Hormuz, including a Greek supertanker carrying 2 million barrels of crude en route to India. Officials said the support is limited in scope and not a full restart of “Project Freedom,” with plans to assist around a dozen ships in the coming days amid heightened regional risks.

RUBIO SAYS IRAN DEAL TALKS NEED MORE TIME Marco Rubio said negotiations with Iran to extend the ceasefire and reopen the Strait of Hormuz will take several more days due to unresolved wording in the draft agreement. He said the U.S. insists the waterway remain fully open and toll-free, warning that President Donald Trump will not accept a “bad deal.”

LUXURY HOME PRICES OUTPACE BROADER MARKET U.S. luxury home prices rose 3.6% year over year to $1.39 million, more than double the 1.4% gain in non-luxury homes, according to Redfin. Luxury demand also strengthened, with pending sales up 4.3%, as wealthier buyers remain less sensitive to mortgage-rate volatility.

US SAYS ONLY “GOOD DEAL” POSSIBLE WITH IRAN Marco Rubio said it may take several days to finalize details of a potential agreement with Iran, adding that talks are close to a preliminary draft. He said President Donald Trump recently held regional calls on ending the conflict, but stressed the U.S. will only accept a “good deal” or none at all.

$MU - MICRON TECHNOLOGY HITS $1 TRILLION MARKET VALUE FOR THE FIRST TIME

US NAVY RESUMES ESCORTS IN STRAIT OF HORMUZ U.S. Navy has restarted assisting vessel crossings through the Strait of Hormuz, guiding ships under a renewed “Project Freedom” operation. A Greek supertanker carrying 2 million barrels of crude was escorted through the waterway toward India after being stuck in the region since March. Officials said the Navy plans to help around a dozen additional tankers and container ships in the coming days.

U.S. NAVY RESTARTS GUIDING SHIPS THROUGH THE STRAIT OF HORMUZ:WSJ

GOLDMAN SEES CAPEX GROWTH RESILIENT DESPITE OIL PRICES Goldman Sachs raised its 2026 U.S. capital expenditure growth forecast to 7.8%, saying higher oil prices are unlikely to derail business investment momentum. The bank sees continued strength from AI-driven infrastructure spending and tax incentives, offsetting tariff and manufacturing headwinds, with GDP growth projected at 2.1%.

IRAN'S TOP NEGOTIATOR QALIBAF RETURNED TO IRAN AFTER CONSULTATIONS WITH QATARI OFFICIALS IN DOHA - IRAN'S STATE TV

US TO CUT NATO CRISIS MILITARY SUPPORT The U.S. plans to reduce military assets available to assist European allies in a crisis, including fighter jets, warships, and refueling aircraft, according to a NATO briefing reported by Spiegel. Under the reported changes, U.S. fighter jet support would fall by one-third, bomber availability would be halved, and fewer naval assets would be committed, with submarines no longer provided. Europe would also take on more responsibility for reconnaissance drones.

U.S. STOCKS EXTEND GAINS, NASDAQ UP 1.00%

IRAN LAWMAKER QUESTIONS STRAIT OF HORMUZ DEAL Senior Iranian lawmaker Mahmoud Nabavian called a potential Strait of Hormuz agreement a “pure loss” if it reopens the waterway without Iranian sovereignty, transit fees, or clear sanctions relief. He also said conditioning Iran’s peaceful nuclear activity on U.S. approval would conflict with national interests and leadership guidelines.

IRANIAN LAWMAKER SAYS POTENTIAL STRAIT OF HORMUZ DEAL WOULD BE 'PURE LOSS' FOR IRAN

PRESIDENTIAL HEALTH RECORDS REMAIN OPTIONAL U.S. presidents are not legally required to disclose their medical information, and transparency levels vary widely. While presidents often release health reports to reassure the public, they control what details are made public. Past reports from President Donald Trump have faced criticism for lacking detail and including questionable statistics. The White House is expected to release information from Tuesday’s medical exam later in the day.

TRUMP'S OFFICE OF PERSONNEL MANAGEMENT PROPOSES ASKING FEDERAL WORKERS TO SIGN NON-DISCLOSURE AGREEMENTS -GOVERNMENT STATEMENT

$DBX - DROPBOX CEO DREW HOUSTON TO STEP DOWN - CNBC

YARDENI BETS ON GLOBAL STOCKS OVER U.S. Yardeni Research says global stocks could outperform U.S. markets if a U.S.-Iran peace deal lowers oil prices and eases geopolitical tensions. The firm said international markets already began leading earlier this year, with emerging markets — especially South Korea and Taiwan — surging on strong AI-driven semiconductor gains. Yardeni also highlighted cheaper valuations outside the U.S. and said Europe, particularly Germany, could benefit most from lower energy prices if the Middle East conflict winds down.

ISRAEL SEEKS FREE HAND IN LEBANON UNDER IRAN DEAL Israel is pushing the U.S. to guarantee freedom of military operations in Lebanon as part of a proposed Iran peace deal, despite Tehran demanding a full halt to fighting there. Clashes between Israel and Hezbollah have continued despite a truce, with Israel striking over 100 Hezbollah targets overnight as drone attacks on Israeli forces intensify. Pressure is mounting on Prime Minister Benjamin Netanyahu to take tougher action against Hezbollah, while Israeli officials oppose U.S. limits on strikes deep inside Lebanon.

HASSETT: WILL BE HARDER FOR NEW AI MODELS TO BE HACKERS

$MSTR - STRATEGY SLASHES DEBT WITH $1.5B BUYBACK Strategy repurchased $1.5 billion of convertible notes at an 8% discount, cutting total convertible debt from $8.2 billion to $6.7 billion. The company also raised capital to buy 24,869 bitcoin, bringing total holdings to 843,738 BTC. Strategy now holds $871 million in cash reserves. CFO Andrew Kang called the move “equity and credit positive.”

IRAN'S FOREIGN MINISTRY SAYS IRAN WILL RESPOND AND WILL NOT HESITATE IN DEFENDING ITSELF

IRAN'S SUPREME LEADER: THE CLOCK CANNOT BE TURNED BACK, THE 'SHAKY ZIONIST REGIME WILL MOVE CLOSER TO THE END OF ITS OMINOUS EXISTENCE'

*IRAN'S IRGC FIRED AT US DRONE, JET IN IRAN AIRSPACE: TASNIM *IRAN'S IRGC WARNS AGAINST CEASEFIRE VIOLATIONS: TASNIM

IRAN'S REVOLUTIONARY GUARDS SAY IRAN IT HAS THE RIGHT TO RESPOND TO ANY U.S. CEASEFIRE BREACH - STATEMENT

IRAN'S SUPREME LEADER SAYS REGIONAL POWERS WILL NO LONGER BE A SHIELD FOR U.S. BASES, U.S WILL NO LONGER HAVE A SAFE HAVEN IN THE REGION

U.S. CENTRAL COMMAND: U.S. STRIKES TARGETED MISSILE LAUNCH SITES AND IRANIAN BOATS SEEKING TO LAY MINES

U.S. CENTRAL COMMAND: U.S. FORCES CARRY OUT STRIKES IN SOUTHERN IRAN IN SELF-DEFENSE

U.S. FORCES HIT TARGETS INCLUDING MISSILE LAUNCH SITES AND IRANIAN BOATS ATTEMPTING TO EMPLACE MINES -FOX NEWS, CITING U.S. CENTCOM SPOKESPERSON