Axios

Analysts are starting to wonder if the world needs less oil than they thought it did when the Iran war started.

Why it matters: Decades ago, a global oil shock triggered permanent changes to the structure of the global economy, and signs are now emerging that it's happening again.

This is the chart that White House economic officials want you to see: A closely watched industry survey suggests a long U.S. manufacturing slump is giving way to a factory rebound.

Why it matters: By this measure, the manufacturing recession is over. Activity across the sector expanded for a fifth straight month in May after spending much of the last two years in contraction territory.

President Trump lashed out at Israeli Prime Minister Benjamin Netanyahu over Israel's escalation in Lebanon in an expletive-laden call on Monday, two U.S. officials and a third source briefed on the call told Axios.

Why it matters: Earlier on Monday, Iran threatened to abandon the negotiations with the U.S. over Israel's actions in Lebanon. On the call, Trump called Netanyahu "crazy" and accused him of ingratitude, according to two of the sources. He also put the brakes on Israel's plan to strike Beirut.

President Trump on Monday hit the brakes on Israeli Prime Minister Benjamin Netanyahu's plan to bomb Hezbollah targets in Beirut after Iran threatened to abandon its negotiations with the U.S. over Israel's actions in Lebanon.

• An Israeli official told Axios the planned strikes on Beirut would not be happening.

Why it matters: Trump's decision to rein in Netanyahu was a clear signal that he doesn't want his key ally to get in the way of a deal with Iran.

The speaker of the Lebanese Parliament, Nabih Berri, told the Trump administration on Sunday that Hezbollah is ready for a full and immediate ceasefire with Israel and pledged to guarantee its implementation, Berri's top adviser Ali Hamdan told Axios.

Why it matters: The fighting in Lebanon is escalating and threatening to derail the chances of a deal to end the war in Iran, particularly with Israeli Prime Minister Benjamin Netanyahu now threatening to strike Beirut.

Artificial intelligence models are quietly shaping spiritual advice — often by leaving faith out.

Why it matters: As churches, apps and spiritual chatbots embrace AI, new research suggests general-purpose models may be ill-equipped to handle sensitive questions of faith: grief, forgiveness, marriage, guilt and conversion.

The latest U.S. push for a ceasefire in Lebanon has fizzled just as Israel is expanding its ground invasion and seeking a U.S. green light to conduct massive strikes on Hezbollah targets in Beirut, sources tell Axios.

Why it matters: The U.S. has urged Israel against striking Beirut for several weeks as part of a broader de-escalation push, but a U.S. official hinted that position could soften. "The U.S. does not expect Israel to absorb ongoing attacks on its civilians by a terrorist organization," the official told Axios.