The Latest: US and Iran trade strikes as hopes dim for a quick resolution

The U.S. and Iran exchanged missile strikes, escalating tensions with Jordan intercepting Iranian missiles and Kuwait reporting casualties. Todd Blanche’s attorney general nomination stalled, and a poll showed declining public support for Trump’s Iran approach. The U.S. economy grew 1.5% in Q2, with inflation above the Fed’s target, while jobless claims rose slightly but remained historically low.