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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 Jitters: Wall Street Futures Decline Amid Trump’s Tariff Escalation

Wall Street futures dipped on Monday following President Donald Trump's announcement to double tariffs on imported steel and aluminum to 50% from 25%, effective Wednesday. The move has reignited concerns over trade volatility, particularly as Trump accused China of violating a prior agreement.

The tariff increase is expected to deepen the ongoing trade war, dampening investor sentiment. Dow E-minis fell 0.52%, S&P 500 E-minis dropped 0.57%, and Nasdaq 100 E-minis declined 0.73% in premarket trading. Meanwhile, U.S. steel companies saw a surge in stock prices, with Cleveland-Cliffs jumping 26.2%, Nucor rising 14.1%, and Steel Dynamics climbing 13.4%.

Market analysts warn that the uncertainty surrounding trade policies could persist, affecting global economic stability. Investors are now closely watching Federal Reserve Chair Jerome Powell’s remarks later in the day, as well as upcoming economic data releases, including the S&P Global U.S. manufacturing PMI and ISM Manufacturing index.

With heightened tariff tensions and fluctuating market conditions, traders remain cautious as they navigate the evolving economic landscape.

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