June 17th - Missiles, Markets, and Melted Diplomacy
Kyiv gets hit hard, Trump ghosts the G7, oil flirts with chaos, and Iran threatens to go nuclear—because apparently the world said “let’s do all the crises at once.”
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1. Kyiv Took a Hit — and It’s Bad
Russia just turned Kyiv into a war zone-level horror show. At least 14 people were killed and over 100 injured in one of the deadliest missile and drone attacks of the entire war. We’re talking apartment buildings crumbling, power out, and kids pulled from rubble. Zelenskyy is calling it “pure terrorism” and begging the West to stop playing PR games and actually help. Meanwhile, global leaders are “concerned,” aka sending thoughts and no defense systems. It’s giving “2022 called and said try harder.”
2. Trump Ditches the G7 for More Drama
Trump left the G7 summit in Canada early, skipping key meetings with leaders like Trudeau and Zelenskyy as tensions between Israel and Iran escalated. The White House says he left to “monitor the situation,” but critics say it’s more about controlling the optics. Macron had been pushing for renewed nuclear talks with Iran, but Trump shut that down, calling him “always wrong.” While G7 leaders tried to coordinate a response, Trump made it clear—he’s not sticking around for group strategy.
3. Markets Are Like… Weirdly Chill?
The Middle East is heating up faster than a microwave burrito, but Wall Street is out here sipping oat milk lattes like it’s fine. Oil prices jumped around 2%, which makes sense, since the Strait of Hormuz is one warhead away from blocking half the world’s oil. But stock futures? Barely flinched. It’s like the economy said “war? Never heard of her.” Investors are probably betting on a short conflict or just too desensitized by the vibes of permanent global chaos.
4. Oil Is Rising, But the IEA Said ‘Don’t Freak’
As missiles fly and nerves fry, Brent crude flirted with $74 a barrel. But the International Energy Agency (IEA) basically came in with a chill pill, saying supply will outpace demand in 2025 anyway. Translation: even if things get spicy in the Middle East, we’re not headed for a full-blown oil panic… yet. It’s like the IEA is trying to be the mom of the friend group: “Sweetie, I know it feels like the world is ending, but let’s breathe, okay?”
5. U.K. & U.S. Cut a Tariff Deal — But Steel’s Still Icky
In the spirit of toxic exes trying to be friends, the U.S. and U.K. agreed to trim tariffs on a bunch of stuff like electric vehicles and aerospace parts. But steel? Yeah, that’s still awkward. America’s holding onto those metal taxes like it’s 2018 and we’re rewatching The Office. British manufacturers like Jaguar and Bentley are breathing a tiny sigh of relief, but steelmakers are stuck in tariff limbo, and the vibe is “we love free trade, unless it’s actually free.”
6. Trump Pauses ICE Raids at Hotels and Farms
Trump hit the brakes on some of those mass ICE sweeps he ordered—specifically at farms, hotels, and hospitality spots. Why? Because U.S. business leaders freaked out and basically said, “You can’t run an industry without a workforce.” Classic Trump: go loud, cause chaos, then quietly walk it back when the money crowd calls. He says it’s just a “pause,” not a reversal—but let’s be real, it’s giving focus group energy. ICE raids now come with a side of damage control and donor drama.
7. Trump Says “No Ceasefire—End It for Real”
Trump denied reports that he’s working on an Iran-Israel ceasefire, insisting he’s not trying to pause the fight—he wants a “real end” to it. While other world leaders are scrambling for a truce, Trump’s out here saying, “Finish it.” It’s giving action hero energy, like he thinks war should have a clean third act and roll credits.
8. Israel Orders Tehran Evacuation, Iran Threatens to Exit Nuke Treaty
Israel has issued an evacuation warning to Tehran, escalating fears of a direct strike. In response, Iran is now threatening to withdraw from the Nuclear Non-Proliferation Treaty—a move that would ditch decades of international checks on its nuclear program. It’s a dangerous tit-for-tat: Israel’s turning up the pressure, and Iran’s signaling it might go nuclear, not just figuratively. The stakes just got way higher.
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Sources: NYT, The Guardian, BBC, CNN, Reuters