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Today 27 July Briefing Read full brief

America can reach Iran’s targets. It is running short of room to keep hitting them.

Trump paused US strikes after 13 consecutive nights as commanders warned that another escalation could drain scarce Patriot interceptors. The Pentagon’s recategorized tally now points to 18 dead and 624 wounded, while Omani mediation competes with ground-assault planning and a new 50% tariff wall against Canada.

Key Indicators
Full catalog · 86

Upcoming

28 key official events ahead
July 2026
Central Bank
FOMC interest-rate decision (July 28–29 meeting)

FOMC policy statement at 2:00pm ET on the second meeting day, followed by a 2:30pm Chair press conference. No new economic projections at this meeting.

Statistics
GDP — Q2 2026 advance estimate (BEA)

First (advance) estimate of second-quarter 2026 real GDP growth from the BEA, 8:30am ET.

August 2026
Statistics
Employment Situation — July 2026 data (jobs report)

BLS nonfarm payrolls and unemployment rate for July 2026, 8:30am ET.

Statistics
CPI release — July 2026 data

BLS Consumer Price Index for July 2026, 8:30am ET.

September 2026
Statistics
Employment Situation — August 2026 data (jobs report)

BLS nonfarm payrolls and unemployment rate for August 2026, 8:30am ET, ahead of the mid-September Fed meeting.

Statistics
CPI release — August 2026 data

BLS Consumer Price Index for August 2026, 8:30am ET — last CPI print before the September Fed decision.

Central Bank
FOMC interest-rate decision (September 15–16 meeting)

FOMC policy statement at 2:00pm ET on the second meeting day, with an updated Summary of Economic Projections (dot plot) and a 2:30pm Chair press conference.

Statistics
GDP — Q2 2026 third estimate (BEA)

Third (final) estimate of Q2 2026 GDP plus corporate profits and state-level data, 8:30am ET.

October 2026
Statistics
Employment Situation — September 2026 data (jobs report)

BLS nonfarm payrolls and unemployment rate for September 2026, 8:30am ET.

Statistics
CPI release — September 2026 data

BLS Consumer Price Index for September 2026, 8:30am ET.

Central Bank
FOMC interest-rate decision (October 27–28 meeting)

FOMC policy statement at 2:00pm ET on the second meeting day, followed by a 2:30pm Chair press conference. No new economic projections at this meeting.

Statistics
GDP — Q3 2026 advance estimate (BEA)

First (advance) estimate of third-quarter 2026 real GDP growth from the BEA, 8:30am ET.

November 2026
Election
US midterm elections — House, one-third of Senate, governorships

All 435 House seats and 35 Senate seats are contested (including Florida and Ohio special elections), alongside 36 governorships. Determines control of the 120th Congress.

Statistics
Employment Situation — October 2026 data (jobs report)

BLS nonfarm payrolls and unemployment rate for October 2026, 8:30am ET.

Statistics
CPI release — October 2026 data

BLS Consumer Price Index for October 2026, 8:30am ET.

Statistics
GDP — Q3 2026 second estimate (BEA)

Second estimate of Q3 2026 GDP plus corporate profits, 8:30am ET.

December 2026
Statistics
Employment Situation — November 2026 data (jobs report)

BLS nonfarm payrolls and unemployment rate for November 2026, 8:30am ET, ahead of the December Fed meeting.

Central Bank
FOMC interest-rate decision (December 8–9 meeting)

Final FOMC meeting of 2026; policy statement at 2:00pm ET on the second day, with an updated Summary of Economic Projections (dot plot) and a 2:30pm Chair press conference.

Summit
G20 Leaders' Summit — Miami (Doral), United States

United States hosts the G20 leaders' summit December 14–15 at Trump National Doral, Miami, capping the US G20 presidency year.

Statistics
CPI release — November 2026 data

BLS Consumer Price Index for November 2026, 8:30am ET. Released later than the usual mid-month slot under the revised 2026 schedule.

Statistics
GDP — Q3 2026 third estimate (BEA)

Third (final) estimate of Q3 2026 GDP plus corporate profits and state-level data, 8:30am ET.

January 2027
Statistics
Employment Situation — December 2026 data (jobs report)

BLS nonfarm payrolls and unemployment rate for December 2026, with annual benchmark revisions. (Provisional — exact 2027 monthly date not yet published by BLS.)

Statistics
CPI release — December 2026 data

BLS Consumer Price Index for December 2026, completing the 2026 inflation picture. (Provisional — exact 2027 monthly date not yet published by BLS.)

Central Bank
FOMC interest-rate decision (January 26–27 2027 meeting)

First FOMC decision of 2027 (tentative schedule announced Sept 2025); policy statement at 2:00pm ET on the second meeting day with a 2:30pm Chair press conference.

Statistics
GDP — Q4 2026 advance estimate (BEA)

First (advance) estimate of fourth-quarter and full-year 2026 GDP. (Provisional — exact 2027 date not yet published by BEA; date estimated from the usual late-January cadence.)

March 2027
Central Bank
FOMC interest-rate decision (March 16–17 2027 meeting)

2027 FOMC decision (tentative schedule); statement at 2:00pm ET on the second day with an updated Summary of Economic Projections and a 2:30pm Chair press conference.

April 2027
Central Bank
FOMC interest-rate decision (April 27–28 2027 meeting)

2027 FOMC decision (tentative schedule); policy statement at 2:00pm ET on the second meeting day with a 2:30pm Chair press conference.

June 2027
Central Bank
FOMC interest-rate decision (June 8–9 2027 meeting)

2027 FOMC decision (tentative schedule); statement at 2:00pm ET on the second day with an updated Summary of Economic Projections and a 2:30pm Chair press conference.

United States

Recent events

24
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us48

US considers ground assault to extract enriched uranium from Iran

Background: The US-Iran conflict has escalated with mutual strikes, nearly 100 US troops injured, and three killed in Iranian attacks. The escalation follows 13 days of mutual strikes after an IRGC attack on US forces in Jordan. Today, the US military is developing contingency plans for a large-scale ground operation in Iran to capture or destroy enriched uranium stockpiles, as an alternative to airstrikes. The operation would involve thousands of troops securing nuclear facilities at Fordow, Isfahan, and Natanz, with special forces extracting uranium. Iran claims over 200 US casualties in recent retaliatory strikes.

Show summary

Background: The US-Iran conflict has escalated with mutual strikes, nearly 100 US troops injured, and three killed in Iranian attacks. The escalation follows 13 days of mutual strikes after an IRGC attack on US forces in Jordan. Today, the US military is developing contingency plans for a large-scale ground operation in Iran to capture or destroy enriched uranium stockpiles, as an alternative to airstrikes. The operation would involve thousands of troops securing nuclear facilities at Fordow, Isfahan, and Natanz, with special forces extracting uranium. Iran claims over 200 US casualties in recent retaliatory strikes.

us46

Pentagon adds 600+ wounded to Iran war casualty database amid renewed fighting and War Powers Act dispute

The US-Iran conflict, which began with a US attack on February 28, has seen a ceasefire with periodic exchanges and around 400 wounded and 13 killed. Now, renewed airstrikes since July 6 have prompted the Pentagon to update its casualty database, adding over 140 wounded and creating a new 'Overseas Operations' category for casualties since July 7. Total US casualties now stand at 18 killed and 624 wounded. The Trump administration's classification of the renewed fighting as a separate operation from Operation Epic Fury, aimed at resetting the War Powers Act clock, has drawn bipartisan criticism for exceeding 90 days without congressional authorization.

Show summary

The US-Iran conflict, which began with a US attack on February 28, has seen a ceasefire with periodic exchanges and around 400 wounded and 13 killed. Now, renewed airstrikes since July 6 have prompted the Pentagon to update its casualty database, adding over 140 wounded and creating a new 'Overseas Operations' category for casualties since July 7. Total US casualties now stand at 18 killed and 624 wounded. The Trump administration's classification of the renewed fighting as a separate operation from Operation Epic Fury, aimed at resetting the War Powers Act clock, has drawn bipartisan criticism for exceeding 90 days without congressional authorization.

us44

Trump escalates efforts to influence 2026 US midterm elections with false fraud claims and federal pressure

Background: The Trump administration has been escalating federal intervention in state elections by demanding voter rolls, ballots, and voting equipment, suing non-compliant states, and seizing ballots from past elections. Today: Trump intensified his campaign by using a primetime TV address to spread false claims of election fraud, accusing China of interfering in the 2020 election. He is pushing for the Save Act to give the federal government greater control over elections, and has called for direct federal control in states he claims he lost illegitimately. The administration has proposed a rule requiring states to turn over voter roll information to the federal government, which faces legal challenges. Trump has also targeted mail-in voting, suggesting the USPS could control ballot flow, and has raised concerns about electronic voting machines being compromised by foreign actors. The White House has undermined election safeguards by firing Democratic members of the Election Assistance Commission and cutting staff at the Cybersecurity and Infrastructure Security Agency, including the team focused on election cybersecurity threats. Voting rights activists warn these actions, combined with the rise of election-denying candidates and threats of voter intimidation, pose a significant threat to the integrity of the 2026 midterm elections.

Show summary

Background: The Trump administration has been escalating federal intervention in state elections by demanding voter rolls, ballots, and voting equipment, suing non-compliant states, and seizing ballots from past elections. Today: Trump intensified his campaign by using a primetime TV address to spread false claims of election fraud, accusing China of interfering in the 2020 election. He is pushing for the Save Act to give the federal government greater control over elections, and has called for direct federal control in states he claims he lost illegitimately. The administration has proposed a rule requiring states to turn over voter roll information to the federal government, which faces legal challenges. Trump has also targeted mail-in voting, suggesting the USPS could control ballot flow, and has raised concerns about electronic voting machines being compromised by foreign actors. The White House has undermined election safeguards by firing Democratic members of the Election Assistance Commission and cutting staff at the Cybersecurity and Infrastructure Security Agency, including the team focused on election cybersecurity threats. Voting rights activists warn these actions, combined with the rise of election-denying candidates and threats of voter intimidation, pose a significant threat to the integrity of the 2026 midterm elections.

us43

US pauses strikes on Iran for second day amid diplomatic efforts and munitions concerns

The United States and Iran have observed a second consecutive day without military strikes, following two weeks of escalating conflict over the Strait of Hormuz. Reports indicate an Omani delegation arrived in Tehran for talks, and mediators including Qatar and Pakistan are exchanging messages. Both sides maintain bullish rhetoric, with the US citing concerns over missile interceptor stockpiles and Iran warning of wider conflict if attacks resume. Tensions continue in the Strait of Hormuz, where the US naval blockade remains in effect and Iran reported stopping vessels and a tanker mine strike.

Show summary

The United States and Iran have observed a second consecutive day without military strikes, following two weeks of escalating conflict over the Strait of Hormuz. Reports indicate an Omani delegation arrived in Tehran for talks, and mediators including Qatar and Pakistan are exchanging messages. Both sides maintain bullish rhetoric, with the US citing concerns over missile interceptor stockpiles and Iran warning of wider conflict if attacks resume. Tensions continue in the Strait of Hormuz, where the US naval blockade remains in effect and Iran reported stopping vessels and a tanker mine strike.

us41

US military disables tanker attempting to breach Iran blockade

Background: The US has enforced a naval blockade of Iranian ports since April 13, 2026, using over 20 warships and has disabled multiple Iranian-flagged tankers attempting to breach it. In a new development, on July 26, 2026, US Central Command released footage showing forces boarding one tanker and disabling another accused of attempting to breach the naval blockade of Iran. CENTCOM reported that 12 commercial vessels have been redirected and two disabled for non-compliance.

Show summary

Background: The US has enforced a naval blockade of Iranian ports since April 13, 2026, using over 20 warships and has disabled multiple Iranian-flagged tankers attempting to breach it. In a new development, on July 26, 2026, US Central Command released footage showing forces boarding one tanker and disabling another accused of attempting to breach the naval blockade of Iran. CENTCOM reported that 12 commercial vessels have been redirected and two disabled for non-compliance.

us40

US midterm elections 100 days out: House and Senate race analysis

With 100 days until the U.S. midterm elections, the House environment favors Democrats on generic ballot polling and enthusiasm, while redistricting gives Republicans structural advantages. Key battlegrounds include Iowa, where Democrats hope to flip seats. In the Senate, the map favors Republicans, with Democrats needing to flip four seats including in red states. Critical races include Maine (Sen. Susan Collins vs. Troy Jackson), Ohio (Sherrod Brown), Alaska (Mary Peltola), and the Michigan primary between Haley Stevens and Abdul El-Sayed.

Show summary

With 100 days until the U.S. midterm elections, the House environment favors Democrats on generic ballot polling and enthusiasm, while redistricting gives Republicans structural advantages. Key battlegrounds include Iowa, where Democrats hope to flip seats. In the Senate, the map favors Republicans, with Democrats needing to flip four seats including in red states. Critical races include Maine (Sen. Susan Collins vs. Troy Jackson), Ohio (Sherrod Brown), Alaska (Mary Peltola), and the Michigan primary between Haley Stevens and Abdul El-Sayed.

us39

Netanyahu accuses NYC Mayor Mamdani of fomenting hate, warns of eroding US support for Israel

Background: New York City Mayor Zohran Mamdani had reviewed legal authority to arrest Israeli Prime Minister Benjamin Netanyahu under an ICC warrant during his anticipated UN General Assembly visit. Today: Netanyahu accused Mamdani of fomenting hate, referencing a pair of stabbings in New York on Thursday where a suspect allegedly shouted 'Allahu akbar' and was charged with hate crimes, and said Jewish New Yorkers were 'afraid right now.' He warned that bipartisan US support for Israel is at risk due to progressive Democrats aligned with Mamdani. Netanyahu dismissed ICC war crimes charges as 'bogus' and pointed to sexual misconduct allegations against the ICC's top prosecutor, who was removed from his post on Friday. He plans to attend the UN General Assembly in September and is also expected in Washington DC to meet with President Trump and attend funeral services for the late Senator Lindsey Graham.

Show summary

Background: New York City Mayor Zohran Mamdani had reviewed legal authority to arrest Israeli Prime Minister Benjamin Netanyahu under an ICC warrant during his anticipated UN General Assembly visit. Today: Netanyahu accused Mamdani of fomenting hate, referencing a pair of stabbings in New York on Thursday where a suspect allegedly shouted 'Allahu akbar' and was charged with hate crimes, and said Jewish New Yorkers were 'afraid right now.' He warned that bipartisan US support for Israel is at risk due to progressive Democrats aligned with Mamdani. Netanyahu dismissed ICC war crimes charges as 'bogus' and pointed to sexual misconduct allegations against the ICC's top prosecutor, who was removed from his post on Friday. He plans to attend the UN General Assembly in September and is also expected in Washington DC to meet with President Trump and attend funeral services for the late Senator Lindsey Graham.

us38

Iran's economy faces mounting pressure as US war expands beyond Strait of Hormuz

Background: The US-Israeli war against Iran has entered its third month with no end in sight, characterized by an indefinite impasse, no good deal possible, Washington losing the initiative, Israel's complicating role, and Iran's asymmetric advantage in defining victory as regime survival. Iran's economy is under severe strain from sanctions and inflation, but the regime remains defiant, relying on a patronage system and Revolutionary Guard influence amid domestic protests and international pressure. The US second naval blockade of Iran's southern ports has been in place since mid-July, with CENTCOM reporting 12 commercial vessels redirected, two disabled, and two boarded for non-compliance. The MoU signed June 17 partially reopened the Strait and lifted the first blockade, allowing export of stored oil. Iran's Petroleum Ministry stated $11.5bn in crude oil was sold during the war and $6.5bn during the MoU period, together 60% of the full-year budget target. Iran faces a daily petrol deficit of over 20 million litres, with authorities considering doubling the price of a third-tier monthly quota. Rolling electricity cuts affect Tehran and other cities, causing water and communications disruptions. Non-oil trade with China fell 75% in March and June year-on-year. The Houthis declared a blockade against Saudi Arabia in the Bab al-Mandeb strait, turning back vessels and bombing Saudi oil facilities. Ukraine confirmed striking an Iranian commercial vessel in the Caspian Sea, killing one sailor and wounding three, prompting Iran to summon Kyiv's charge d'affaires. Iran's pre-war natural gas output lost about 230 million cubic metres per day due to US-Israeli bombing, with restoration of over 100 million cubic metres expected in coming months.

Show summary

Background: The US-Israeli war against Iran has entered its third month with no end in sight, characterized by an indefinite impasse, no good deal possible, Washington losing the initiative, Israel's complicating role, and Iran's asymmetric advantage in defining victory as regime survival. Iran's economy is under severe strain from sanctions and inflation, but the regime remains defiant, relying on a patronage system and Revolutionary Guard influence amid domestic protests and international pressure. The US second naval blockade of Iran's southern ports has been in place since mid-July, with CENTCOM reporting 12 commercial vessels redirected, two disabled, and two boarded for non-compliance. The MoU signed June 17 partially reopened the Strait and lifted the first blockade, allowing export of stored oil. Iran's Petroleum Ministry stated $11.5bn in crude oil was sold during the war and $6.5bn during the MoU period, together 60% of the full-year budget target. Iran faces a daily petrol deficit of over 20 million litres, with authorities considering doubling the price of a third-tier monthly quota. Rolling electricity cuts affect Tehran and other cities, causing water and communications disruptions. Non-oil trade with China fell 75% in March and June year-on-year. The Houthis declared a blockade against Saudi Arabia in the Bab al-Mandeb strait, turning back vessels and bombing Saudi oil facilities. Ukraine confirmed striking an Iranian commercial vessel in the Caspian Sea, killing one sailor and wounding three, prompting Iran to summon Kyiv's charge d'affaires. Iran's pre-war natural gas output lost about 230 million cubic metres per day due to US-Israeli bombing, with restoration of over 100 million cubic metres expected in coming months.

Frequently Asked

4
Why did the US pause strikes on Iran?
President Trump ordered a pause after 13 consecutive nights of strikes, partly due to Omani diplomacy in Tehran and partly because US commanders warned that a larger campaign could deplete Patriot and other air-defence interceptors faster than the Pentagon could replace them.
How many US service members have been killed or wounded in the Iran conflict?
The Pentagon's public database indicates 18 US service members killed and 624 wounded, including four fallen troops returned through Dover this week.
What is the status of the Strait of Hormuz?
Omani officials are in Tehran trying to devise a mechanism for reopening the Strait of Hormuz. Iran has accepted discussions but insists that control of the strait belongs in any deal.
What new tariffs did Trump impose on Canada?
Trump invoked Section 338 of the 1930 Tariff Act to impose additional 50% duties on Canadian motor vehicles, alcohol, and dairy products from August 19, affecting $20.2 billion in trade.