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U.S. Hits Iran’s Kharg Island Military Sites Amid Rising Oil‑Sector Tensions

  The US bombed military targets on Kharg Island in the Persian Gulf, but spared oil infrastructure for now. The United States has carried out airstrikes on military targets located on Iran’s Kharg Island, a strategic hub responsible for the overwhelming majority of the country’s oil exports. President Donald Trump stated that U.S. forces “obliterated” military positions on the island, emphasizing that the operation avoided damaging vital oil infrastructure.  Kharg Island, which handles most of Iran’s crude shipments, sits at the center of global energy flows and has become a flashpoint amid escalating regional conflict. Iranian state media reported no harm to oil facilities but warned that any future attacks on its energy network would provoke retaliation. The strike marks a significant escalation in the two‑week‑old conflict, with Washington also deploying an additional 2,500 Marines and an amphibious assault ship to the region. Analysts warn that any disruption to Kharg ...
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Trump Proposes Tariff Reduction Amid Trade Talks with China


In a surprising move, former U.S. President Donald Trump has suggested reducing tariffs on Chinese imports from 145% to 80% ahead of a crucial trade meeting between top U.S. and Chinese officials in Switzerland. This proposal marks a potential shift in the ongoing trade war, which has seen escalating tariffs from both nations.

Trump announced his stance on social media, stating that an 80% tariff "seems right" and urging China to open its markets to American goods. The upcoming discussions, led by U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer, aim to address concerns over the impact of tariffs on consumer prices and global trade stability.

The trade war, which began during Trump's presidency, has significantly affected both economies, with China retaliating against U.S. tariffs by imposing its own restrictions. While Trump had previously resisted lowering tariffs, his latest remarks suggest a willingness to negotiate if the talks yield positive results.

As global markets react to the possibility of reduced trade tensions, analysts are watching closely to see whether this proposal will lead to a meaningful agreement between the two economic giants. The outcome of the weekend talks could shape the future of U.S.-China trade relations and influence broader economic policies worldwide.

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