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Tehran Signals Defiance as Supreme Leader Vows Retaliation and Strait Closure

  A man holds a picture of Iran's new supreme leader, Mojtaba Khamenei, while people attend a funeral ceremony for the Iranian military commanders who were killed in strikes, in Tehran Iran’s Supreme Leader issued his first public remarks following the deaths of senior Iranian commanders, vowing that the country will “avenge the martyrs” and maintain the closure of the strategic Strait of Hormuz until what he described as “justice” is served. His comments, delivered during a nationally broadcast address, underscore a sharp escalation in rhetoric at a moment of heightened regional tension. The Supreme Leader framed the recent losses as sacrifices in the defense of Iran’s sovereignty, promising that those responsible “will face consequences.” He also reaffirmed Iran’s decision to keep the Strait closed, a move that has already disrupted global shipping routes and rattled energy markets. The strait, one of the world’s most critical chokepoints for oil transport, has long been a flas...
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Markets in Turmoil: Global Stocks and Oil Slide Amid Tariff Shock

Global financial markets faced a sharp downturn following the announcement of sweeping tariffs by U.S. President Donald Trump. The tariffs, which include a baseline 10% levy on imports from all countries and significantly higher rates on key trading partners, have sparked fears of a global trade war.

Asian markets were among the first to react, with Japan's Nikkei index dropping nearly 3%, while Hong Kong's Hang Seng index fell 1.5%. European markets followed suit, with major indices like the UK's FTSE 100 and France's CAC 40 experiencing notable declines. U.S. stock futures also tumbled, signaling potential losses when markets open.

The oil market was not spared, as crude prices plunged amid concerns over reduced global demand. Investors flocked to safe-haven assets like gold, which reached record highs.

The tariffs, aimed at addressing trade imbalances, have drawn criticism from global leaders and economists, who warn of inflationary pressures and potential economic stagnation. The European Union and other affected nations have vowed to respond with countermeasures, further heightening tensions.

As markets brace for continued volatility, the long-term impact of these tariffs on global trade and economic stability remains uncertain.

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