Good morning! Today is Monday, June 29th 2026, and this is The American Conservative's Morning Brief. Iran strikes U.S. bases in Kuwait and Bahrain as Trump warns the Islamic Republic could cease to exist, while Tehran demands Washington rein in Israel's campaign in Lebanon before negotiations can continue. With inflation back at 4.1 percent and voters focused on affordability, W. James Antle III argues the Republicans most furious at Trump and Vance for seeking an exit are the ones whose seats the war is most likely to cost. Peter Van Buren parses the 14-point memorandum of understanding, arguing its no-nukes pledge and sanctions relief could justify the war, but warning that letting Iran control passage through the Strait of Hormuz would be a strategic disaster. and now for the details. We begin with the latest from the Iran War. Following American strikes on Iran, Tehran struck U.S. bases in the Middle East early Sunday, as the future of peace negotiations outlined in a June 17 interim agreement remained uncertain. In a post on Truth Social Saturday night, President Trump warned that, quote, "There may come a point when we are no longer able to be reasonable, and will be forced to militarily complete the job," adding that if that happens, the Islamic Republic of Iran "will no longer exist." Iran's Revolutionary Guard said it had launched missile and drone strikes against eight U.S. military targets in Kuwait and the Fifth Fleet in Bahrain, where authorities reported a residential building was hit. The IRGC threatened a complete halt of negotiations if U.S. strikes continue. As Harrison Berger reports for The American Conservative, the picture is further complicated by Israel's ongoing campaign in Lebanon. Iran's Foreign Minister Abbas Araghchi, speaking in Baghdad, said Washington must force Israel to stop bombing Lebanon and withdraw its troops, calling that the first clause of the memorandum of understanding. Berger notes that a separate track led by Secretary of State Marco Rubio, aimed at disarming Hezbollah through joint Lebanese and Israeli action, has drawn warnings from Hezbollah that such a framework would mean civil war. The war is also reshaping politics back home. Senator John Kennedy of Louisiana described President Trump as, quote, "mad as a murder hornet" at the handful of Senate Republicans who voted to defy him on Iran war powers, after a GOP luncheon that by most accounts devolved into a food fight. Senator Rand Paul of Kentucky and others agreed to change their votes to bolster the President's bargaining position now that the White House appears committed to ending the war. As W. James Antle III writes for The American Conservative, the harder puzzle is the larger group of Republican lawmakers angry at Trump and Vice President J.D. Vance for trying to extricate the country from the conflict. Antle argues it is those very members most at risk of losing their seats and majorities if the Republican message heading into the midterms becomes war yes, affordability no. He points to inflation in the Federal Reserve's preferred gauge climbing back to 4.1 percent, more than double the central bank's target, driven by a war-induced spike in energy prices. Trump, Antle notes, left office in his first term with inflation at 1.4 percent and no new wars. The voters who delivered the Senate to Republicans in 2024, he writes, were not voting for higher prices and more foreign wars. Americans dislike the mullahs, Antle concludes, but they are most worried about their moolah. What the war will ultimately mean depends on what comes next. In a closer look at the fourteen-point memorandum of understanding between Washington and Tehran, Peter Van Buren writes for The American Conservative that wars belong to the nation, not to a particular administration, and that the verdict on this one is still unwritten. Van Buren highlights Paragraph Eight, in which Iran reaffirms it will not procure or develop nuclear weapons and agrees to down-blend enriched material on site under IAEA supervision. If implemented, he argues, that paragraph could justify the war by preventing future ones. Paragraph Seven offers the carrot: a phased termination of U.N., IAEA, and unilateral American sanctions, alongside the release of Iranian assets and a return to global oil markets. Decades of sanctions, Van Buren notes, raised prices inside Iran and cut its oil exports sharply, but never stopped its nuclear ambitions. The danger, he warns, lies in Paragraph Five, which gives Iran responsibility for safe passage of commercial vessels through the Persian Gulf for sixty days. Van Buren argues that any final deal must strip Iran of control over the Strait of Hormuz. Conceding a global maritime chokepoint, he writes, would be strategically devastating and would reshape the world order in ways the United States may not be able to reverse. Those are today's highlights. For the full stories and more, visit theamericanconservative.com. Th