Washington, DC

1. Iran mulls one-pager
2. US oil goes abroad
3. Dems’ Iron Dome test
4. FBI investigates Virginia Democrat
5. Gorka targets left-wing groups

Chipmaking stocks ▲ 5% today, driven by AMD beating forecasts on its booming data center business.

Iran mulls one-page framework to end war

President Donald Trump famously hates to wait, but that’s his fate while Iran considers a one-page proposal for ending the war. The framework, as reported, envisions a monthlong path toward restarting talks to wind down the conflict and to reopen the Strait of Hormuz. It’s unclear how thornier questions over nuclear enrichment and sanctions relief would be handled. Trump threatened this morning to resume strikes if Iran doesn’t accept the terms of the proposal, warning that attacks would be “at a much higher level and intensity.” A US fighter jet fired on an Iran-flagged oil tanker as it attempted to skirt the US blockade, hitting its rudder. Still, the president has said he wants a deal, noting today the US and Iran are having “very good talks.” With gas prices rising and his trip to China looming, Trump’s looking for an exit.

US oil exports surge, driving up pump prices

The world wants US gas — badly — and it’s going to cost Americans at the pump. US exports of refined oil products surged to a record high of 8.2 million barrels per day last week, according to new data from the Energy Information Administration, as US gas station prices hit multi-year highs. Even amid high pump prices, the US has been largely spared the type of pain felt by most of the world as the energy shock ripples out of the Strait of Hormuz. But as the world turns to the US for a lifeline, the competition for fuel will drive up prices domestically. Earlier this week, Morgan Stanley predicted that US gasoline inventories, which are falling sharply, will reach historic summer lows by August. Mike Wirth, the CEO of Chevron, warned Monday that physical supply shortages across the globe are coming.

— Lauren Morganbesser

New Democratic litmus test: Iron Dome funding

It started with Rep. Alexandria Ocasio-Cortez, D-N.Y., saying she’d no longer support US funding for Israel’s Iron Dome missile defense system. Now more Democrats in deep-blue seats agree. Pennsylvania state Rep. Chris Rabb and New Jersey physician Adam Hamawy told Semafor they’d oppose funding for Iron Dome if elected — marking a new, specific benchmark for progressives seeking to distance themselves from an Israeli government that’s deeply unpopular with the Democratic base. “Their job is to defend themselves. That’s not our job, sending money over to do that,” said Rabb. “Why is that our responsibility?” Hamawy said that it was time for Americans to stop “pretending that our laws don’t apply” to aid to Israel. The US has provided $1.3 billion for Iron Dome since 2011, according to the State Department.

— David Weigel

FBI raids office of powerful Virginia Democrat

This morning the FBI searched the office of Virginia state Sen. L. Louise Lucas, a powerful Democrat who was a driving force behind a redistricting plan approved by voters last month that is currently under review by the state Supreme Court. Multiple outlets reported Lucas is under investigation for corruption, possibly tied to her cannabis business. The New York Times reported the inquiry was opened during Joe Biden’s administration, but some Democrats questioned the bureau’s motives. Rep. Bobby Scott, the Democrat who represents the district that houses Lucas’ office, said in a statement: “While we await the full facts of the investigation, it must be acknowledged that this FBI raid occurs in the broader context of President Trump’s repeated abuse of the Department of Justice to target his perceived political opponents.”

Left-wing groups targeted in Trump counterterrorism plan

The White House released a counterterrorism plan today that focuses in part on rooting out what it describes as left-wing extremist groups operating domestically and overseas, Semafor’s Shelby Talcott reports. It’s the first counterterrorism proposal released by the president since 2018, reflecting many of his second-term priorities. Sebastian Gorka, Trump’s counterterrorism czar, told reporters that the administration would “use all the tools constitutionally available” to target various organizations, prioritizing “violent, secular political groups whose ideology is anti-American … or anarchist, such as antifa.” “We will do the same with the state sponsors of such groups and those governments undertaking lethal plots on US soil or against Americans anywhere,” Gorka said.

Congress

• Commerce Secretary Howard Lutnick was questioned over his ties to Jeffrey Epstein in a closed-door session of the House Oversight Committee.
• After President Trump endorsed Andy Barr in the Kentucky Republican primary for US Senate, a survey of likely GOP primary voters found that he is leading the field at 43%, nearly double his support from June 2025.
• Tennessee Republicans unveiled a congressional map proposal that would eliminate the state’s sole remaining Democratic seat, a majority-Black district based in Memphis.

Courts

• The Department of Justice plans to ask the Supreme Court to substitute the US for President Trump in an appeal of an $83 million jury verdict in a defamation suit brought by E. Jean Carroll, which would effectively dismiss the case. — Bloomberg
• The Justice Department is suing Colorado over a state law banning high-capacity ammunition magazines.
• US Attorney for DC Jeanine Pirro told ABC that the suspect accused of exchanging gunfire with Secret Service officers near the National Mall allegedly said “F the White House” while en route to the hospital.

Iran War

• Iran has damaged or destroyed at least 228 structures or pieces of equipment at US military sites in the Middle East, a far greater toll than the Pentagon has publicly reported. — WaPo
• China’s top diplomat met with his Iranian counterpart in Beijing and urged Tehran to reopen the Strait of Hormuz, after the White House pressed China to help resolve the standoff. — NYT
• Israel struck Beirut today for the first time since agreeing to a ceasefire.
• France moved an aircraft carrier strike group into the Red Sea ahead of a possible French-British mission in the Strait of Hormuz.

Business

• US airlines spent 56% more on jet fuel in March than in February as energy prices surged after the start of the conflict in Iran. — Reuters

Immigration

• The Department of Homeland Security is abandoning a shortened training protocol it used to deploy thousands of new immigration enforcement recruits. — Politico

Media

• The FBI reportedly launched a leak investigation focused on an Atlantic journalist who wrote an unflattering story about Director Kash Patel, a claim the bureau denies. — MS NOW

World

• The US has killed more than 180 people over the last eight months in the Caribbean Sea and Pacific Ocean. — Axios
• US Treasury Secretary Scott Bessent will visit Japan on Monday, where he will meet with Prime Minister Sanae Takaichi and is expected to discuss limiting speculative selling of the yen. — Nikkei Asia

— Ted Turner as he launched CNN. Turner died today at 87.

Laura McGann, editor

With help from Elana Schor, senior Washington editor, and Morgan Chalfant, Washington briefing editor

Graph Massara and Lauren Morganbesser, copy editors

Contact our reporters:

Burgess Everett, Eleanor Mueller, Shelby Talcott, Nicholas Wu, David Weigel