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Russia Deploys Submarine as U.S.–Venezuela Tanker Standoff Escalates

  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. Russia has sent a submarine and additional naval vessels to escort an oil tanker that the United States attempted to seize near Venezuela, escalating an already tense maritime confrontation. The tanker, recently renamed Marinera , was approached by a U.S. Coast Guard cutter as part of Washington’s efforts to disrupt sanctioned oil shipments linked to Venezuela. Russian officials framed their naval deployment as a protective measure for a vessel they now consider under their jurisdiction. Footage released by Russian media showed the U.S. cutter shadowing the tanker as it continued its voyage after failing to load crude in Venezuelan waters. The move highlights the growing geopolitical friction surrounding Venezuela’s oil trade, where U.S. sanctions and Russia’s support for Caracas frequently collide....
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Market Turmoil: Stocks Plunge Amid Renewed Trade War Concerns

    

The U.S. stock market faced a sharp downturn today as escalating trade tensions between the United States and China rattled investor confidence. The Dow Jones Industrial Average fell by approximately 1,000 points, marking a 2.5% decline. Meanwhile, the S&P 500 dropped 3.5%, and the tech-heavy Nasdaq Composite tumbled 4.3%.

The sell-off was triggered by the White House's announcement of increased tariffs on Chinese goods, raising the total levies to 145%. This unexpected escalation in the trade war has left Wall Street grappling with uncertainty. Analysts warn that the heightened tariffs could lead to slower economic growth and rising prices, further straining the U.S. economy.

Despite a brief respite in the trade battle earlier this week, today's developments underscore the volatile nature of the market. Investors are now bracing for more turbulence as the trade war continues to unfold.



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