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Investors found some relief after Trump prolonged a ceasefire with Iran, sending U.S. stocks higher and setting up a positive open across Asia.
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John Phelan is leaving the Pentagon after months of tension with Pete Hegseth and other Pentagon leaders. The tumult comes as the Navy has been engaged in war with Iran.
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Despite an extension of the ceasefire in Iran byTrump, Iran has seized ships in the Strait of Hormuz, raising questions if the truce is on shaky ground.
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;Resize=(620)) U.S. Navy Secretary John Phelan is leaving his job, the Pentagon abruptly announced Wednesday, the first head of a military service to depart during President Donald Trump's second term but just the latest top defence leader to step down or be ousted.
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