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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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Wall Street Plunges as Trump Escalates Rare Earth Trade Clash with China

U.S. stocks endured their steepest decline since April after President Donald Trump threatened sweeping new tariffs on Chinese imports in response to Beijing’s tightening of rare earth export controls. In a series of posts on Truth Social, Trump warned of a “massive increase” in tariffs and suggested canceling his upcoming meeting with Chinese President Xi Jinping, intensifying fears of a renewed trade war.

The announcement rattled financial markets, sending the Dow Jones Industrial Average, S&P 500, and Nasdaq sharply lower. Investors, who had recently driven indexes to record highs, rushed to sell amid concerns that escalating tensions between the world’s two largest economies could weigh on global growth.

Rare earth minerals are critical to industries ranging from electric vehicles to defense technology, making the dispute particularly sensitive. Analysts cautioned that prolonged friction could disrupt supply chains and further unsettle already fragile investor sentiment.

The selloff underscores Wall Street’s vulnerability to geopolitical shocks, with trade uncertainty once again emerging as a dominant risk factor for markets.


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