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U.S. Seizure of Russian-Flagged Tanker Heightens Global Tensions

The ship, currently between Iceland and the British Isles, has been accused of breaking US sanctions and shipping Iranian oil. It has historically transported Venezuelan crude oil. The United States has seized a Russian‑flagged oil tanker linked to Venezuela after a prolonged pursuit across the Atlantic, marking one of the most assertive enforcement actions under Washington’s sanctions program. The vessel, previously known as Bella‑1 and later renamed Marinera , was intercepted after evading an earlier boarding attempt near Venezuelan waters. U.S. military aircraft and naval units tracked the ship for weeks as it traveled across the Atlantic, at times shadowed by Russian naval vessels. Officials say the tanker was part of a network used to transport sanctioned Venezuelan and Russian oil. Its capture underscores Washington’s efforts to disrupt what it describes as illicit energy shipments that help sustain both governments. The operation comes at a delicate geopolitical moment, wit...
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Stock Market Stumbles as Trump Reaffirms Tariffs

                                            

The stock market took a hit on Friday as President Donald Trump reaffirmed his commitment to imposing sweeping tariffs on imports from Mexico, Canada, and China. The Dow Jones Industrial Average fell by 0.8%, the S&P 500 dropped by 0.5%, and the tech-heavy Nasdaq Composite lost 0.3%.

Investors are concerned about the potential impact of these tariffs on the economy, as they could lead to increased costs for consumers and businesses. The White House confirmed that the tariffs, which include a 25% duty on goods from Mexico and Canada and a 10% tariff on Chinese imports, will take effect on Saturday.

Despite earlier optimism driven by solid earnings from Apple and an inflation reading that matched expectations, the tariff news overshadowed these positive developments. The uncertainty surrounding the tariffs has left Federal Reserve Chair Jerome Powell in a wait-and-see mode, with the potential for tariffs to inflame inflation being a key concern.

As the market closes, investors are bracing for the impact of these tariffs and the potential for further volatility in the coming days.




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