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Storm on the Horizon: Iran Issues Dire Warning After U.S. Naval Deployment

Tensions in the Persian Gulf have surged after Iran warned that any military strike by the United States would trigger an “all‑out war.” The warning followed the deployment of a U.S. naval “armada,” ordered by Donald Trump, to reinforce American presence in the region. Iranian officials described the move as a direct threat to their national security, insisting that even a limited attack would provoke a full‑scale response. The U.S. maintains that the deployment is meant to deter aggression and protect its interests and allies. Analysts caution that the situation is becoming increasingly volatile. With both nations adopting uncompromising positions, even a minor misstep could ignite a conflict far larger than either side intends. The world now watches closely as diplomatic channels strain under the weight of rising hostility.
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US holiday retail sales grow 3.1%, down from prior year -Mastercard



US retail sales rose 3.1% between Nov. 1 and Dec. 24, rounding up a majority of the holiday sales for retailers, as shoppers looked for last-minute Christmas deals amid big promotions, a Mastercard report showed on Tuesday.

The increase is lower than the 3.7% growth Mastercard forecast in September, and has slumped from last year’s 7.6% as higher interest rates and inflation pressured consumer spending. Sales in the apparel and restaurant categories rose 2.4% and 7.8%, respectively, during the holiday shopping period, according to the Mastercard Spending Pulse report, while sales of electronics fell 0.4%.

Ecommerce sales grew at a slower pace of 6.3% from last year’s 10.6% as the popularity of online shopping came off pandemic highs, the report showed.

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