Day: July 24, 2026

The US will collect duties of between 10% and 12.5% on imports from most major trading partners. The new levies follow an investigation into the alleged failure of around 60 economies to prevent forced labor in their supply chains to the detriment of American workers. The move aims to reconstruct President Donald Trump’s tariff wall that was pierced by the Supreme Court. Bloomberg’s Rosalind Mathieson reports.
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Oil is back above $100 a barrel for the first time since May, and the situation in the Middle East is getting even more complicated. With Iran-backed Houthis targeting shipping in the Red Sea and critical oil routes coming under pressure, what happens next for global energy markets? Ben Cahill of the Atlantic Council breaks down what’s driving prices higher, who stands to lose the most, and whether consumers should be preparing for another inflationary shock.

#oilprices #usa #iranwar #houthis #dwnews

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The United States carried out its 13th consecutive night of strikes on Iran as President Donald Trump warned of a possible attack ‘bigger than ever before.’ Trump also said frozen Iranian assets under US control could be used to compensate for damage to commercial shipping. Iran’s Foreign Minister Seyed Abbas Araghchi condemned the proposal, calling it a dangerous precedent. Meanwhile, Iran acknowledged targeting infrastructure in Kuwait, while tensions in the Strait of Hormuz continued to rise. US Secretary of State Marco Rubio reiterated Washington’s hardline stance as the United Nations warned that the escalating conflict was pushing West Asia towards a dangerous tipping point. Gursshheen Gahllen tells you more.

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US Iran War | Iran US Conflict | US Strikes Iran | Donald Trump | Marco Rubio | Seyed Abbas Araghchi | Iran Foreign Minister | Strait Of Hormuz | US Military | Firstpost

#usiranwar #iran #trump #donaldtrump #marcorubio #straitofhormuz #middleeast #firstpost

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