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UK’s Refusal to Allow U.S. Iran Strike Plans Sparks Diplomatic Fallout

                                                       British PM Keir Starmer and US President Donald A growing diplomatic rift has emerged between London and Washington after the United Kingdom declined a U.S. request to use RAF bases for potential military strikes on Iran. British officials reportedly argued that authorizing such operations could breach international law, prompting Prime Minister Keir Starmer’s government to block access to key facilities, including RAF Fairford in Gloucestershire. The decision has reportedly angered President Donald Trump, who has been weighing military options amid rising tensions with Tehran. Several outlets note that the dispute has spilled into other areas of U.S.–UK cooperation, including disagreements over the future of the joint base at Diego Garcia and Trump’s withdrawal of sup...
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Market Turmoil: S&P 500 Enters Correction Amid Escalating Trade War

                                                   

The stock market faced a sharp downturn on Thursday, with the S&P 500 officially entering correction territory. The index fell 1.4%, marking a 10% decline from its recent high. The Dow Jones Industrial Average dropped 1.3%, while the tech-heavy Nasdaq plummeted nearly 2%.

This market turbulence comes as trade tensions escalate. The European Union's retaliatory tariffs on U.S. goods, including a 50% tax on American whiskey, prompted the U.S. administration to threaten a 200% tariff on European wines and spirits. These developments have left investors on edge, fearing the economic repercussions of a prolonged trade war.

Adding to the uncertainty, debates over a stop-gap spending bill to prevent a government shutdown have further rattled market sentiment. Despite cooler-than-expected inflation data, concerns about economic stability and policy unpredictability continue to weigh heavily on Wall Street.

The correction in the S&P 500 underscores the fragility of the current market environment, as investors navigate a landscape fraught with geopolitical and economic challenges.

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