Social Security could become unable to pay full retirement and disability benefits in 2034, one year earlier than reported last year, the program’s trustees said Wednesday wsj.com/politics/polic… via The Wall Street Journal

The U.S.’s publicly held debt is nearing 100% of gross domestic product and is projected to surpass the post-World War II record of 106% in a few years wsj.com/politics/polic… via The Wall Street Journal

Iran is firing fewer missiles at Israel each day after Israel secured dominance over Iranian skies, enabling it to destroy launchers and take out missiles before they even leave the ground wsj.com/world/middle-e… via The Wall Street Journal

China flexes chokehold on rare-earth magnets as exports plunge in May wsj.com/world/china/ch… via The Wall Street Journal

The EU and NATO are homing in on Europe’s ports as potential chokepoints should they need to rush troops to the alliance’s Eastern border wsj.com/world/europe/e… via The Wall Street Journal

The U.S. is racing to reinforce Israel’s defenses, as Iranian attacks drain the country’s stocks of interceptors wsj.com/world/middle-e… via The Wall Street Journal

Iranian lawmakers reportedly threatened to close the Strait of Hormuz, rattling oil markets wsj.com/world/middle-e… via The Wall Street Journal

Putin seeks to play both sides—and Trump—in Iran-Israel clash wsj.com/world/russia-p… via The Wall Street Journal

Trump is poised to claim one of the biggest foreign-policy wins of his second term: a pledge by NATO allies to more than double their defense spending wsj.com/world/europe/t… via The Wall Street Journal

The war between Israel and Iran war has revived Chinese leaders’ interest in a pipeline that would carry Russian natural gas to China wsj.com/world/china-ru… via The Wall Street Journal

On Wednesday morning, the world’s epicenter of capitalism woke up to find it might soon have a socialist mayor  wsj.com/us-news/wall-s… via The Wall Street Journal

Exclusive: Western companies are struggling to secure approvals for rare-earth imports from Chinese authorities, despite the U.S.-China deal wsj.com/world/china/ch… via The Wall Street Journal

How Gen. Dan Caine, the newly confirmed chairman of the Joint Chiefs of Staff, became one of President Trump’s most trusted advisers wsj.com/politics/natio… via The Wall Street Journal

Israeli pilots trained for years and intelligence forces built up networks for its multipart offensive in Iran, which included elements called “Red Wedding” and “Operation Narnia.” wsj.com/world/middle-e… via The Wall Street Journal

President Trump’s threat to put new tariffs on countries embracing the policies of the Brics group has added fresh uncertainty to global trade wsj.com/world/trump-st… via The Wall Street Journal

Europe’s loosely defined hate-speech laws and the rise of social media have created fertile ground for authorities to crack down on those seen to be stirring up trouble wsj.com/world/europe/e… via The Wall Street Journal

Trump administration officials seeking deals for critical minerals in Africa are in for a surprise wsj.com/world/africa/a… via The Wall Street Journal

Two Republicans named Kevin are vying to be the next Federal Reserve chair: rising contender Kevin Hassett, and Kevin Warsh, an early favorite for the post wsj.com/economy/centra… via The Wall Street Journal

Russia, China, Iran and North Korea are all hostile to the U.S. That doesn’t mean they would go to war for one another—for now, writes the WSJ’s Yaroslav Trofimov. wsj.com/world/the-faul… via The Wall Street Journal

Businesses hoping for clarity on where Trump tariffs land will likely have to wait a bit longer. For now, here’s where things stand. wsj.com/economy/trade/… via The Wall Street Journal