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Welcome back and thanks for joining us as we kick off the week. In the news today: Israel and Iran trade missile strikes in their first exchange of fire since the April ceasefire; Trump abruptly cuts off an interview with NBC’s “Meet the Press”; and how U.S. consumers have altered their spending habits as gas prices tax their budgets. Also, a look at who won big at the Tony Awards.

People inspect the wreckage of an Iranian missile that landed near the West Bank city of Jericho Monday, June 8, 2026. (AP Photo/Mahmoud Illean)

Israel and Iran trade strikes, threatening to drag the region back to full-scale war Israel launched strikes on central and western Iran early Monday in response to missile fire from Tehran, and Iran retaliated with waves of attacks. Read more.Why this matters:It was their first exchange of fire since an April 8 ceasefire was reached. Iran warned that the United States would be responsible for any escalation. Two regional officials said concerted diplomatic efforts were underway Monday to salvage the ceasefire between Iran and the United States.Related coverage →Live updates on the escalationA timeline of tensions between Iran and Israel over LebanonWATCH: Iranian missiles aimed at Israel seen over Middle Eastern sky Oil prices surge as Iran conflict flares, while global stocks skid on selling of tech shares