Tonight, the U.S. and Iran exchange fire as concerns grow over the fragile truce.

What we know about efforts to reopen the Strait of Hormuz as the gas prices around this

country rise.

Then money power politics, the U.S. Court of International Trade rules Trump's 10%

global tariffs are illegal.

Plus, the heated battle over AI regulation and what it could mean for the future of jobs and the economy as the 11th hour gets underway on this Thursday night.

Good evening once again. I am Stephanie Ruhl, and it is day 68 of Trump's war in Iran.

And the situation in the Strait of Hormuz seems balanced on a knife's edge.

In a statement earlier today, U.S. Central Command said forces responded in self-defense after Iran fired at three separate Navy destroyers,

adding, quote, sentcom does not seek escalation. Afterwards, President Donald Trump posted in part the following, we'll knock them out a lot harder and a lot more violently in the future if they

don't get their deal signed fast.

Three senior Iranian officials told the New York Times that Tehran and Washington are discussing a one-page plan for both sides to reopen the Strait of Hormuz and end hostilities for

30 days while they try to reach a comprehensive deal.

And the New York Times is also reporting tonight that Trump's announcement

that the U.S. military would escort ships through the strait, angered Saudi crown prince,

Mohammed bin Salman, who denied U.S. access to Saudi airspace and American bases in the country.

The U.S. blockade has remained in place. The Washington Post is reporting that U.S. intelligence shows Iran can

withstand this pressure for months. With that, let's get smarter with help of our leadoff panel tonight.

Peter Baker, Chief White House correspondent for the New York Times. Michael Crowley, a diplomatic correspondent, also with the Times, and Evo Dahl der, former U.S. ambassador to NATO. He is now a senior fellow

at the Harvard Belford Center. Gang, I am so happy you're here. We need the best reporting.

We need the best analysis. This is serious stuff. So, Evo, let's start with you. We've got both

sides firing at each other while there is this one-page proposal to reopen the street. Tell us where

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