Iran's surprise missile strike on US bases has reignited the conflict, bad news for anyone hoping the shaky ceasefire would hold.

• Iran fired ballistic missiles at US forces in the Middle East, apparently aimed at bases in Jordan; all were intercepted.
• The attack broke days of an unofficial ceasefire with the US.
• US and Saudi forces hit back, striking Iran-backed sites in Iraq.
• Iran and Ukraine traded warnings over an attack on an Iranian ship, with both saying they don't want it to escalate.
• On the home front, the Trump administration is ending a Medicare drug subsidy, meaning higher costs for some seniors in 2027, and moving to exempt space companies like SpaceX from environmental reviews.

Outlook: With missiles flying again and a US-Saudi counterstrike underway, the ceasefire looks dead and more tit-for-tat attacks are likely near-term.