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He returned to Washington just before dawn. I'm Dave Anthony. FOX News where President Trump is facing pushback from the right and the left over the deal with Iran he signed digitally last night before leaving the G7 summit in France. Concern it gives sanctions relief on freezes Iran's assets and gives them a reconstruction fund. It's not even comparable to the Obama deal. It's worse by a lot. That's Democratic Senator alyssa Slotkin on Ms.
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Now, LA Republican Senator Bill Cassidy also saying President Reagan is rolling over in his grave Iran's nuclear ambitions were not curbed and that they have learned that threatening the Strait of Hormuz works and will undoubtedly leverage it in the future.
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But as Fox's Mark Meredith also reports from the White House, the president is pushing back hard.
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President says this was also about the economy. He posted around 430 this morning. These fools who think I haven't been tough enough on Iran when the stock market just hit a record high and oil prices are tumbling down are either jealous bad people or stupid.
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The president insists he's preventing Iran from having nuclear weapons and the deal reopens the Strait of Hormuz to oil and other shipping and foxes. Yingst reports from Tel Aviv.
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The world is waiting to see if the Iranians will adhere to the agreement and if they are serious about these nuclear concessions as it relates to their program. Now, more broadly, the region is prepared for the possibility that this deal collapses. But at this moment, the president is touting the diplomatic success and what it will mean for the stock market and the oil market.
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Oil is down about 4% now and there is a rebound rally on Wall Street. The Dow is up more than 200 points. War Secretary Pete Hegseth is at a NATO meeting in Brussels telling allies it's shameful they did not help us during the Iran war, calling on them to do more. Securing Europe themselves, real military capabilities capable of deterring right here on the continent and taking the lead exit as The Pentagon's reviewing U.S. troop presence in Europe. The first tropical storm in the Atlantic, Arthur no longer a tropical storm, but it's still full of heavy rain. So flooding is a big concern. From Louisiana to Mississippi to Alabama. America's listening to FOX News.
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Cheers to America's 250th birthday. Get 20% off your first purchase at foxnewswineshop.com with code FNRADIO20 20% discount excludes wine club offers and cannot be combined with any other promotion. Expires July 31, 2026. Must be 21 or older to order, please drink responsibly.
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Back to Wall street and the rebound from yesterday's sell off. The Dow is getting back some of the losses up 200 points. The NASDAQ is gaining 253. The S&P 500 adding 58 points. We mentioned oil prices down about 4% puts WTI back under 74 bucks a barrel. There's another drop at the gas pump. AAA's national average for regular just under four, four dollars a gallon. And while that is a buck higher than before the Iran conflict started, its 57 cents cheaper than the price surge high last month. Now, an update to the economy.
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Fewer people signed up for unemployment benefits in the most recent report. New claims declined to 226,000 last week, down 4,000 from the previous week. Though continuing claims, those remaining on Benefits rose to 1.8 million, an increase of 24,000, suggesting some people were taking longer to find a new. That report is from the week of June 6th. Fed Chair Kevin Warsh wrapped up his first news conference assessing the labor markets as stable. He says the three to six month trend, which he considers more important than a one month report, is moving in a good direction. Jenny Coselda, FOX NEWS There's a huge
- [03:26]
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party going on in New York City. A championship parade starting now.
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Hundreds of thousands of fans are gathered in lower Manhattan to celebrate the New York knicks and their 2026 NBA championship. Now, despite winning two titles in the early 70s, the Knicks have never held a ticker tape parade, which means today marks their first ever trip down the canyon of heroes. We see fans climbing on top of trees and traffic lights to try to catch a glimpse of the action. The parade culminating at City hall where New York City Mayor Zoran Mamdani will hand the team keys to the city in a ceremony emceed by longtime Knicks broadcaster Mike Breen in lower Manhattan. Tony Genualdo, Fox News Golf's U.S. open
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is underway in New York's Long island, but fog suspended play at Shinnecock Hills shortly after tee off for about two hours. I'm Dave Anthony. This is FOX.