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Tariff Ultimatum on Iran Trade Sparks Global Tension

                                                Doing Business With Iran? Trump Says Pay a 25% US Tariff. A new 25% tariff threat from President Donald Trump has sent a jolt through international markets, after he declared that any nation continuing to trade with Iran would face steep U.S. penalties. The announcement, delivered abruptly through social media, signaled a sharp escalation in Washington’s effort to isolate Tehran economically. The move comes amid heightened criticism of Iran’s internal crackdown on dissent, which U.S. officials argue warrants stronger international pressure. By targeting not just Iran but its trading partners, the administration aims to force countries—including major global players—to reconsider their economic ties with Tehran. The threat immediately stirred uncertainty across global markets. Oil prices climbed...
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Stock Market Update: Stocks Find Footing as Powell Chills Rate Cut Hopes



US stocks rose on Friday after a stellar month, as investors awaited Fed Chair Powell’s remarks on monetary policy. The S&P 500, the Dow Jones and the Nasdaq all gained around 0.5% or more.

Powell warned that it would be “premature” to conclude that the Fed was done with rate hikes or to speculate when rate cuts could begin. He said the Fed would be guided by data and not by market expectations. He also said inflation had cooled to its lowest levels since 2021.

Oil prices steadied after falling on Thursday, when OPEC+ agreed to cut output by 1.2 million barrels per day. However, investors remained skeptical about the effectiveness of the deal to balance the oil market and support prices. WTI crude traded around $76 a barrel, while Brent was below $83.


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