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Ceasefire talks collapsed, missiles are flying again between Iran and Israel, and the conflict has now reached its 100th day with no clear path to de-escalation. Elsewhere, a shooting at a Toledo street festival left at least a dozen people wounded, President Trump's tense NBC interview ended abruptly, and a powerful earthquake off Mindanao triggered tsunami alerts across Asia. We'll also look at what's driving market jitters and why Pope Leo's trip to Spain is drawing global attention.

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Iran launched ballistic missiles at Israeli military bases Sunday, shattering the April ceasefire in an operation its Revolutionary Guard called Nasr. Israel retaliated before dawn Monday, striking air defense sites in Tehran, Isfahan, Tabriz, and Karaj in waves reported across central Iran.

Sunday marked the war's 100th day — a milestone Trump had promised would never come, having projected the conflict would end in "four to five weeks." Ceasefire talks collapsed hours before the first launches; both sides now point at the other, and no active diplomatic channel remains.

Police are hunting two gunmen who exchanged fire at a festival in Toledo's historic Old West End neighborhood Sunday night. At least twelve people were wounded when the dispute between the two men spilled into the crowd.

The shooting is the latest in a string of warm-weather mass casualty events at outdoor gatherings, where dense crowds and limited exits compound the danger. Investigators say both shooters fled the scene before officers arrived.

President Trump walked out of a taped NBC interview Saturday, calling host Kristen Welker "either crooked or stupid" after she pressed him on 2020 fraud and the FBI's role on January 6. NBC aired the full footage Sunday; Trump posted to Truth Social calling the network "enemy media."

Welker's team said she asked standard questions put to candidates of both parties; the session was originally scheduled to cover the Iran war and executive power. Trump has since declined three rescheduled broadcast interviews this month, drawing criticism from press freedom groups and questions from within his own party.

Pope Leo XIV became the first pope in history to address both chambers of Spain's parliament Monday, urging lawmakers to choose "courage over comfort" on immigration and democratic backsliding. En route to Madrid Sunday, Leo said Iran fails 'just war' criteria, delivering a rebuke to a White House that has invoked faith to justify the campaign.

A strong earthquake struck off the Philippine island of Mindanao overnight, toppling buildings and prompting tsunami warnings across the Philippines, Japan, Malaysia and Indonesia. Coastal residents were urged to move to higher ground as authorities assessed the scale of the damage.

A Palestinian man with Israeli citizenship opened fire at a gas station near Kokhav Yair on Saturday, killing reservist Haim Kalomiti, 55, and wounding five others before police shot him dead. West Bank tensions have been elevated for weeks following settler violence and the killing of a Palestinian infant in the territory.

Gunfire erupted Saturday near Toledo's Old West End Festival, wounding 12 people aged 14 to 61 in what police called a crossfire between at least two shooters. No arrests had been made by Monday morning; authorities canceled the festival's second day and asked the public to submit footage.

The Republican runoff between Representative Mike Collins and former football coach Derek Dooley is unfolding without a Trump endorsement, an unusual silence from the president in a marquee primary. The winner will challenge Democratic Senator Jon Ossoff in one of 2026's most-watched Senate contests.

The 2026 FIFA World Cup opens Thursday across three host nations with 48 teams competing in the largest tournament ever, spanning 104 matches across the U.S., Canada, and Mexico. Co-host USA opens June 13 against Paraguay; the tournament runs through July 19.

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Italy's Banco BPM has invited Monte dei Paschi di Siena to talks on a roughly $58 billion tie-up that would create the country's second-largest bank. The overture could launch a fresh wave of consolidation following last year's burst of Italian banking M&A.

South Korea's Kospi fell more than 8% at Monday's open, triggering a market-wide circuit breaker as Samsung Electronics and SK Hynix led chipmakers lower in the region's sharpest single-session drop in years. Japan's Nikkei 225 fell 3.85% and European indexes opened sharply lower on renewed Mideast risk.

Seven OPEC+ members raised output quotas by almost 600,000 barrels per day from April through June, the fourth hike since the Strait of Hormuz closure. The cartel continues to unwind earlier production cuts as the supply picture shifts.

Researchers at Duke-NUS Medical School and Singapore's National Neuroscience Institute have identified gut microbes that appear to shape anxiety, pointing toward future probiotic treatments. The work strengthens the case that mental health is in part a microbial story.

A new class of experimental obesity drugs led by retatrutide is producing dramatic weight loss in trials while also improving sleep apnea and knee pain. The pipeline suggests today's Zepbound and Wegovy may soon look like first-generation tech.

New observations show the Large Magellanic Cloud is shredding the Small Magellanic Cloud in a slow-motion cosmic mugging just outside the Milky Way. The finding rewrites assumptions about our galactic neighborhood and its future.

Nelly Korda edged Charley Hull to win the U.S. Open and claim her second consecutive major, surviving a tense putt on the final hole to pocket the $2.5 million first prize. Hull was left to rue another near-miss in her hunt for a first major title.

Alexander Zverev defeated Flavio Cobolli 6-1, 4-6, 6-4, 6-7(5), 6-1 at Roland-Garros Sunday to claim his first Grand Slam title in his fourth major final. Germany hadn't produced a men's singles major champion since Boris Becker's 1996 Australian Open — a 30-year wait Zverev ended by outlasting a draw cleared of Sinner, Djokovic, and Alcaraz.

Backup catcher Sebastián Rivero went 5-for-5 with 6 RBI Saturday as the Angels beat the rival Dodgers 13-5, avoiding a season sweep. Rivero's bottom-order crew combined for 10 runs and 10 RBI, pushing Los Angeles of Anaheim above .500 for the first time since April.

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The 79th Tony Awards, hosted by Pink at Radio City Music Hall Sunday, saw "Death of a Salesman" claim six wins including Best Revival of a Play and Best Direction; "Schmigadoon!" swept Best Musical and Best Score alongside Best Book of a Musical. John Lithgow claimed Best Actor in a Play at age 80 — the oldest male acting winner in Tony history.

Apple TV officially became an EGOT when Schmigadoon! took Best Musical, capping a four-win night from a leading 12 nominations. The streamer's prestige strategy has now collected the full set of Emmy, Grammy, Oscar and Tony hardware.

Rodrigo premiered "What's Wrong With Me" — a duet with Robert Smith of The Cure — at Barcelona's Primavera Sound festival Saturday, announcing her forthcoming album "You Seem Pretty Sad for a Girl So in Love," due June 13. Smith appeared onstage unannounced the night after headlining Primavera himself; at 64, his collaboration marks both an unlikely pairing and Rodrigo's first-ever album feature.

What it is: SpaceX launched its public offering roadshow Monday at $135 per share, targeting a valuation of roughly $1.77 trillion — a figure that would make it the largest initial public offering in history, eclipsing Saudi Aramco's $1.7 trillion record debut in 2019. Musk's rocket and satellite company expects to begin trading on the Nasdaq under the ticker SPCE on June 12, pending demand indications over a four-day roadshow.

The detail: SpaceX generated $15.3 billion in revenue in 2025, with Starlink's satellite internet service accounting for more than half and growing at roughly 40% year-over-year across 6 million global subscribers. S-1 disclosures showed contracts worth $31.2 billion across NASA, the Pentagon, and commercial customers — a revenue backlog providing more forward visibility than almost any tech IPO in recent memory.

Why it matters: At $1.77 trillion, SpaceX would immediately rank among the world's top 10 most valuable public companies, sitting alongside Apple, Nvidia, and Microsoft. Public markets also introduce new obligations: quarterly earnings calls, disclosure requirements, and shareholders whose interest in near-term returns may not align with long-horizon bets on Mars, Starship, and point-to-point Earth transit.

What to watch: The roadshow timing is pointed — SpaceX is going public in a week when global tech is selling off and South Korea's Kospi just triggered a circuit breaker. Demand signals this week will reveal whether institutional investors will pay a premium for a profitable company entering public markets at a moment of genuine geopolitical and financial uncertainty — and whether Musk's polarizing public profile adds meaningful pricing risk.

- A volunteer diver filmed a rare endangered Great White shark between Tunisia and Sicily, later describing himself as visibly shaking, which is the only acceptable Mediterranean swimming review.

- Lucha libre wrestlers are helping promote reading at California libraries, where colorful matches and literacy programs are being combined to draw children and families to story-centered events.

- Australian authorities seized about 100,000 illegally imported cockroaches and other insects in what officials described as the country's largest bug bust, uncovering a breeding operation involving species that can pose risks to local ecosystems.

That's today's Five Minute Daily. Thanks for spending a few minutes with us to stay informed on a busy world.

—The Five Minute Daily Team