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UK's Strategic Move: Britain Signals Possible Support for Israel Amid Iran Conflict

The United Kingdom has hinted at potential support for Israel in its ongoing conflict with Iran, though officials emphasize that recent military deployments are primarily precautionary. British Chancellor of the Exchequer Rachel Reeves stated on Sunday that additional military jets were sent to the Middle East to protect British bases and personnel. The escalation between Israel and Iran saw fresh attacks overnight, with Israeli Prime Minister Benjamin Netanyahu warning that Iran would face intensified strikes in the coming days. Speaking to Sky News, Reeves called for de-escalation but acknowledged that Britain has previously assisted Israel in defending against missile attacks. "We have, in the past, supported Israel when there have been missiles coming in," she said, adding that the UK is deploying assets both for its own protection and potentially to support allies. Britain has played a role in defending Israel before. Last year, British aircraft intercepted Iranian drone...

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Market Turmoil: Trump’s Tariff Threats Shake Wall Street

Wall Street faced a sharp downturn on Friday as President Donald Trump announced new tariff threats targeting Apple and the European Union. The Dow Jones Industrial Average, S&P 500, and Nasdaq futures all slid significantly in response to the news.

Trump stated that Apple must pay a 25% tariff on iPhones sold in the U.S. unless they are manufactured domestically. Apple shares dropped 3% following the announcement. Additionally, Trump proposed a 50% tariff on all EU imports starting June 1, citing stalled trade negotiations.

The market reaction was swift, with futures on the Dow Jones sinking 1.5%, the S&P 500 falling 1.6%, and the Nasdaq 100 dropping 1.8%. Investors are now grappling with the potential economic impact of these tariffs, particularly as concerns over the U.S. deficit and inflation continue to mount.

With Memorial Day approaching, traders are bracing for further volatility as they assess the broader implications of Trump’s aggressive trade policies.

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