Dan Schwartzman

Trump speaking on Air Force One says there's a short timeline for Iran to agree to a deal.

Trump earlier, while speaking at the White House, says the Islamic Republic cannot be allowed to go nuclear.

Meanwhile, oil jumped on the reports that the U.S.

may be edging closer to war with Iran than many Americans might think, with West Texas Intermediary hitting close to $66.40 a barrel.

Meanwhile, President Trump's board of peace set up to secure an end to the war in Gaza met for the first time in Washington.

Trump says the board received roughly $17 billion in pledges toward humanitarian and reconstruction efforts in Gaza, with the U.S.

contributing $10 billion.

The president also announcing that more than half a dozen countries have promised personnel toward a stabilization force in the Palestinian enclave.

Trump also says that son-in-law Jared Kushner will be a, quote, envoy of peace.

Disgraced former Prince Andrew, the brother of the U.K.

's King Charles III,

was arrested on suspicion of misconduct in public office after further details emerged about his relationship with convicted sex offender Jeffrey Epstein.

Host of Bloomberg's The Michelle Hussain Show gives more details into what the British police may be looking for.

That's Bloomberg's Michelle Hussain.

Federal Reserve Bank of Minneapolis President Neil Kishkari says recent comments by National Economic Council Director Kevin Hassett, which were critical of a New York Fed study on tariffs, undermines the central bank's independence.

That's Federal Reserve Bank of Minneapolis President Neil Kashkari.

Hassett had called the study, which showed U.S.

companies were bearing most of the burden from President Trump's tariff hikes, an embarrassment.

Federal Reserve Governor Stephen Myron now believes the Fed should not cut rates as deeply as he has previously called for based on recent data showing a stronger economy.

Myron was talking to the Substack blog The Peg.