The New York Times

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  1. The Pentagon’s rush to rearm its Mideast forces makes it less ready to confront potential adversaries like Russia and China, administration and congressional officials say.
  2. The conflict has morphed into a volatile standoff in the Strait of Hormuz, as the economic costs mount and President Trump faces a political backlash at home.
  3. Plus, your Friday news quiz.
  4. Many families felt the sting of the president’s now-illegal tariffs, but companies have said little about whether they will share the $166 billion coming back to them.
  5. Following a Supreme Court ruling that struck down several Trump administration tariffs, importers have begun applying for their share of $166 billion in refunds. As our economic policy reporter Tony Romm explains, consumers are unlikely to see much of that money returned to their own pockets.