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New Tensions Rise as Iran Warns of Possible Strikes on Regional Energy Sites

  Iran has issued a sharp warning that it may target regional energy infrastructure following recent threats from U.S. President Donald Trump over the Strait of Hormuz. The exchange marks a renewed escalation in a long‑running standoff over one of the world’s most critical maritime chokepoints. According to Iranian officials, any attempt to restrict Tehran’s access to the strait would be met with what they described as “direct and proportional” action. Energy facilities across the Gulf—central to global oil and gas supply—were specifically mentioned as potential targets if tensions continue to rise. The Trump administration has repeatedly criticized Iran’s activities in the region, warning of consequences should Tehran interfere with international shipping. The latest remarks from Washington prompted Iran’s response, which framed its position as defensive and tied to national sovereignty. Regional governments have expressed concern that even rhetorical escalation could unsettle...
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Shoppers Kept Spending This Holiday Season

 

  • Holiday Spending: U.S. retail sales increased by 3.1% from Nov. 1 through Dec. 24, with a notable rise in last-minute shopping before Christmas.
  • Sales Breakdown: Online sales grew by 6.3%, while in-store sales saw a 2.2% increase. However, electronics and jewelry sales declined.
  • Economic Impact: Strong consumer spending, particularly on travel and dining, supported the U.S. economy in 2023 despite high interest rates.
  • Retailer Outlook: Retailers reported mixed results for the holiday season, with some experiencing steady sales and others noting a pullback in consumer spending.
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