Iran dismissed a U.S. peace proposal as an American wish-list while President Trump threatened military strikes, sending oil markets whipsawing. Jerome Powell held rates steady in the Fed's most divided vote in over 30 years and announced he'll stay on the board after stepping down as chair—a deliberate block on Trump's appointees. Plus court rulings against Trump's tariff authority, AI safety regulations coming back, and coral reefs crossing a climate tipping point.