The Latest: Republicans prepare to face voters as the bombing continues

The U.S. and Iran are escalating airstrikes over the Strait of Hormuz, collapsing an interim ceasefire and raising U.S. gasoline prices. The Trump administration plans to reopen the U.S. Embassy in Libya with $41 million allocated for security, while AI stocks continue to rise despite Brent crude oil surpassing $90 per barrel due to ongoing conflicts.