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  1. Geography and regional rivalries have prevented Gulf countries from finding a true alternative to the strait, which the war with Iran has effectively shut down.
  2. Unleashing his inner hawk, Secretary of State Marco Rubio plans President Trump’s military interventions. So far, they favor regime compliance, not change.
  3. President Trump is the first American leader to embrace fighting a full-fledged, joint war with Israel. Washington has tried to avoid that level of coordination in the past.
  4. An investigation of the Federal Reserve was thwarted on Friday, but a department appeal could reimpose an obstacle in Kevin Warsh’s path.
  5. The large fee is the latest example of the White House’s inserting itself into corporate deal making in unusual and aggressive ways.