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Rising Tensions in the Gulf as Iran Strikes and Trump Rebukes Allies

  An aerial view of the island of Qeshm, separated from the Iranian mainland by the Clarence Strait. Iran has launched a new wave of attacks on U.S. Gulf allies, escalating an already volatile regional conflict. On Tuesday, Iranian forces targeted the United Arab Emirates in what officials described as retaliatory strikes amid the ongoing U.S.-Israeli war with Iran. President Donald Trump publicly criticized Gulf allies for what he called a lack of gratitude and cooperation during a tense naval standoff in the Strait of Hormuz.  Escalating Conflict The conflict, now in its third week, has seen Iran expand its attacks beyond expected targets, striking both the UAE and Israel. U.S. officials revealed that Trump had been warned such retaliation was likely, despite his claims of being caught off guard.  Strategic and Economic Fallout The Strait of Hormuz remains largely closed, with U.S. allies refusing Trump’s requests to help reopen the critical waterway. This blo...
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Nasdaq Futures Sink After Early Big Tech Bust, With Fed on Deck

                                 Nasdaq


The Nasdaq futures have taken a hit after the early Big Tech bust, with the Federal Reserve’s interest rate decision of the year on deck. 

The tech-heavy Nasdaq Composite is set to sink around 1.1% on Wednesday, while the benchmark S&P 500 traded about 0.5% lower after slumping slightly below its record high on Tuesday. 

The poor start from the tech mega-caps, which are expected to do much of the heavy lifting for the S&P 500 this earnings season, could unnerve Wall Street. Boeing is the highlight of the Wednesday earnings docket amid a string of safety concerns related to its planes.


 

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