Photo: Scott Olson/Getty Images

"The decision to pull out of the Iran deal is the latest example of the administration’s aggressive unilateralism," Financial Times chief foreign affairs commentator Gideon Rachman writes from London (subscription).

The big picture: "America’s allies may harrumph that it is unacceptable for the US to walk away from the Iran deal or the Paris climate accord, but there is not much they can do about it. After all, European allies depend not only on the dollar, but also ... on American military protection."

  • The state of play: "The Trump administration’s stance on Iran is rejected by all the other signatories to the Iran deal (France, Germany, the UK, China, Russia, the EU) — although it does have the support of Israel and Saudi Arabia. Similarly, Mr. Trump’s approach to trade and climate change has not attracted any significant allied support."
  • What's changing: "In normal times, the US relies on the 'rules-based international order' — a network of laws and institutions that it and its allies have largely shaped over many decades. ... But for a rules-based order to work, the US has to be able to demonstrate that it is willing, on occasion, to be constrained by the rules."
  • Why it matters: "[T]he Trump administration is seeking to move to a power-based order — in which the US lays down the law and others are compelled to follow. That may work for a while, but it is also an invitation to rivals to test America’s will through unilateral actions in Europe, Asia and the Middle East. And that is a recipe for a much more dangerous world."

Go deeper

2 hours ago - World

Macron visits Beirut promising a "new political pact" for Lebanon

Macron visits the hard-hit Gemmayzeh neighborhood. Photo: AFP via Getty Images

French President Emmanuel Macron walked through the blast-damaged streets of Beirut on Thursday, swarmed by people chanting for the fall of Lebanon's government and pleading for international aid.

Why it matters: Lebanon is at a breaking point. Its economy was collapsing and its government hardly functioning — all before a massive explosion destroyed swathes of the capital city, including its vital port.

2 hours ago - Sports

The PGA Championship is golf's first major in over a year

Photo: Gary Kellner/PGA of America via Getty Images

The 2020 PGA Championship tees off Thursday at San Francisco's TPC Harding Park, which is hosting its first-ever major.

Why it matters: It's the first major in more than a year — and the first of seven majors in the next 12 months. Though there won't be any fans in attendance, the excitement is palpable.

July's jobs report could be an inflection point for the coronavirus recovery

Illustration: Sarah Grillo/Axios

Even if Friday's jobs report shows a big number, it is becoming clear hiring slowed and likely even reversed course in July and real-time indicators suggest the employment situation worsened into August.

Driving the news: Payroll processor ADP's monthly jobs report showed private companies added 167,000 jobs last month, well below the 1.2 million expected by economists and far below June's 4.8 million jobs added.