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Iran is threatening further action in the Strait of Hormuz after another night of missile exchanges in the Gulf, keeping energy markets and military planners on edge. Elsewhere, a D-Day commemoration in Normandy became a flashpoint in Europe's migration debate, President Trump inserted himself into baseball's looming labor fight, and a stronger-than-expected jobs report forced investors to rethink the path of interest rates.

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Iran launched seven ballistic missiles at Kuwait and Bahrain overnight — Day 99 of open conflict with US-allied forces — with six intercepted by American and Bahraini air defenses. Tehran warned of a full Strait of Hormuz closure if US strikes on Iranian territory continue.

US CENTCOM confirmed it first shot down four Iranian drones near the Strait before striking radar sites at Goruk and on Qeshm Island — the latest exchange in a conflict that has collapsed shipping traffic through one of Earth's most vital chokepoints. Six people were killed in a separate Israeli airstrike on Lebanon's Saksakiyah in the same overnight window.

President Donald Trump publicly urged Major League Baseball to institute a salary cap, telling reporters that "you don't have a sport" without one and that the league "should have done it a long time ago." MLB is the only major US team sport without a hard cap, and the issue is expected to dominate the next round of collective bargaining when the current CBA expires after the 2026 season.

The players' union has historically treated any cap proposal as a non-starter, and owner-player tensions are already pointing toward a possible work stoppage. Presidential commentary doesn't change the math at the bargaining table, but it does hand owners a louder megaphone heading into talks.

U.S. Defense Secretary Pete Hegseth used a D-Day anniversary speech in Normandy to warn that Europe faces what he described as an "invasion" of migrants, drawing a parallel between the Allied effort to liberate Europe during World War II and contemporary debates over border security. The remarks came during commemorations marking the 82nd anniversary of the Normandy landings.

Hegseth said European countries should strengthen their borders and preserve what he called the values defended by Allied forces during the war. His comments brought current political issues into an event primarily focused on honoring the veterans and sacrifices of D-Day.

Keiko Fujimori and Roberto Sánchez face off Sunday in Peru's presidential runoff, with the latest Ipsos poll showing a statistical dead heat at 43.8% vs. 43.2% with 13% still undecided. Fujimori, daughter of late authoritarian ex-president Alberto Fujimori, is making her fourth consecutive bid for the presidency.

Speaking aboard his flight from Rome, Leo told reporters he wanted the Spain visit to set "a good example to the world about respect for human life," singling out leaders who he said were dividing rather than uniting their countries. The remarks land as several EU governments tighten migration policy and as Spain itself debates new asylum rules.

Lebanon's President Joseph Aoun condemned Israeli airstrikes as a "flagrant violation of sovereignty" after a strike on Saksakiyah killed six Friday. Aid organizations report 1.4 million Lebanese are now in need of humanitarian assistance.

Nine justices are sprinting to rule on birthright citizenship, presidential firing power, and immigration enforcement before summer recess. Constitutional lawyers say decisions expected in coming days could redefine the boundary between executive authority and congressional statute.

Since 2020, local law enforcement has steadily expanded its footprint at polling places, ballot drop boxes and county election offices as threats against election workers have multiplied. The shift is reshaping how Americans encounter the act of voting, with civil liberties groups warning that uniformed officers near ballots can deter some voters.

A federal judge ordered CIA employee David Rush to remain in detention after prosecutors said he funneled millions in federal funds to himself through a fabricated intelligence program, with gold bars among the items recovered. The case is one of the more brazen alleged internal frauds at the agency in years and raises immediate questions about CIA financial controls.

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May's stronger-than-expected payrolls data crushed expectations for a summer rate cut, sending the 10-year yield above 4.5%. Job growth topped analyst forecasts by a wide margin; Federal Reserve officials signaled no cuts are coming until the labor market shows clear softening.

Samsung and SK Hynix have powered South Korea's market to soaring highs, but analysts warn a Bank of Korea rate hike could trigger a 15% correction in what has become a backdoor AI trade for global investors. The KOSPI's outsized exposure to two memory-chip names cuts both ways.

Greg Abel committed billions to AI-related investments in his first major moves as Berkshire Hathaway's CEO, departing sharply from Warren Buffett's famously tech-skeptical investment philosophy. Buffett told CNBC that Abel has officially "launched" as the conglomerate's new steward.

A supermassive black hole more than a billion times the mass of the Sun is blasting gas outward at roughly 30% the speed of light, one of the most extreme ultraviolet outflows ever recorded. The observation gives astronomers a sharper look at how quasars sculpt — and sometimes strangle — the galaxies they live in.

NASA's James Webb Space Telescope captured the first mid-infrared chemical fingerprint of an interstellar object, detecting methane and other compounds on comet 3I/ATLAS. The data offers a rare direct chemical sample from another star system without ever leaving Earth's orbit.

UC Davis researchers built an AI system that recommends small ingredient swaps to make everyday meals both healthier and more affordable without overhauling what people already eat. The pitch: behavior change that doesn't require willpower, just substitution.

Germany defeated the United States 2-1 at Chicago's Soldier Field in both teams' last friendly before the FIFA World Cup opens June 12. Antonee Robinson scored a stunning 23-yard thunderbolt volley to equalize before Leroy Sané netted the winner just before the hour.

Belal Muhammad defended his welterweight title against Gabriel Bonfim in the UFC Fight Night main event at the UFC APEX in Las Vegas on Saturday. Muhammad's methodical game plan controlled the bout across five rounds in front of a full ESPN broadcast audience.

J.T. Poston carded eight birdies in a 7-under 65 to take a one-shot lead over Ryan Gerard at Muirfield Village, a round that came in nine shots better than the field average in tough wind. Jack Nicklaus's tournament is shaping up as a weekend grind for everyone but the leader.

Madonna debuted "Confessions II," a star-studded short film tied to her coming album of the same name, at the Tribeca Film Festival. At one point, green lasers shoot from the pelvises of gyrating women — which is to say the rollout is on brand.

Phoebe Bridgers revealed "The Lost Tour," a full arena run beginning September 15 in Indianapolis — her first band tour in three years. Alex G will support in North America after Bridgers debuted eight new songs at a sold-out acoustic show at Madison Square Garden.

Carmen Electra is returning to the Scary Movie franchise for its sixth installment, revisiting one of the most recognizable roles of her career more than 25 years after the original film debuted. Electra also praised co-star Teyana Taylor, calling her hilarious and highlighting the chemistry between returning cast members and the film's newer additions.

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What it is: Victor Wembanyama, the generational French center anointed as the league's next face, is having a rough NBA Finals debut — most visibly in late-game moments where his team has needed him to be calm and decisive.

The detail: In Game 2, Wembanyama signaled for a timeout the Spurs did not have, drawing the dreaded Chris Webber comparison — a 1993 NCAA championship blunder that has haunted basketball lore ever since. San Antonio coughed up the game from there, and the Spurs now head into Game 3 trailing the Knicks 0-2 in the series.

Why it matters: Wembanyama's regular-season production has been historic, but Finals basketball compresses possessions, shortens rotations and exposes anything resembling hesitation. New York has tilted the matchup by leaning on Karl-Anthony Towns offensively and forcing Wembanyama into late-clock decisions where his usually elite defensive instincts haven't translated into offensive composure.

What to watch: Whether San Antonio's coaching staff simplifies the late-game playbook to get the ball out of Wembanyama's hands in dead-ball situations, or doubles down on letting their franchise player learn through the fire. Either way, the series — and a chunk of the league's marketing future — pivots on what he does next.

- Urban male great bowerbirds, apparently giving up on the romance of flowers, are now stealing cash, plastic scraps and even handcuffs to impress mates who have evidently developed expensive taste.

- Some of the microbes frozen alongside Ötzi the Iceman for 5,000 years are still alive and growing, which is either a remarkable scientific find or the opening scene of a film nobody asked for.

- A kangaroo that escaped from its owner's property in Kentucky spent several hours on the loose before being safely captured, giving local residents an unexpected wildlife sighting far from Australia.

That's today's Five Minute Daily. A few minutes of context can go a long way in understanding the stories shaping tomorrow.

—The Five Minute Daily Team