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Markets Rebound as Hopes for Iran–U.S. Dialogue Ease Geopolitical Tensions

U.S. stock futures edged higher on Wednesday as signs of potential diplomatic movement in the Iran–U.S. standoff helped calm volatile markets. Futures tied to the S&P 500 rose about 0.3%, the Nasdaq 100 gained 0.5%, and Dow Jones Industrial Average futures added 0.2% after a turbulent prior session.  The shift in sentiment followed reports that Iran has quietly approached the United States to discuss terms for ending the escalating conflict , a development that helped cool fears of further disruption in global energy markets. This diplomatic signal contributed to a rebound after Tuesday’s sharp sell-off, when concerns over widening conflict and rising oil prices rattled investors.  The conflict, now in its fifth day, has seen continued strikes and mounting casualties, adding to market unease. Iran is preparing for the funeral of Supreme Leader Ali Khamenei, killed in recent attacks, while regional tensions remain high.  Despite the ongoing uncertainty, Wednesda...

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U.S.–Spain Tensions Rise as Trump Threatens Trade Halt Over Military Base Dispute

 

The President of the Government, Pedro Sanchez, speaks during the official opening dinner of the Mobile World Congress (MWC) Barcelona 2026, at the Museu Nacional d’Art de Catalunya, on 1 March 2026, in Barcelona, Catalonia, Spain.


U.S. President Donald Trump has sharply escalated tensions with Spain, warning that he may halt all trade between the two countries after Madrid refused to allow the U.S. military to use Spanish bases for operations linked to strikes on Iran. Trump described Spain as “terrible” in its cooperation and said he had instructed Treasury Secretary Scott Bessent to “cut off all dealings” with the country. 

The dispute stems from Spain’s decision to block U.S. access to the jointly operated Rota and Morón bases for missions tied to the Iran conflict. The U.S. has already relocated several aircraft from these facilities following the refusal. Trump’s remarks also revived longstanding friction over Spain’s resistance to increasing its NATO defense spending, a point he emphasized while speaking alongside German Chancellor Friedrich Merz. 

Spanish Prime Minister Pedro Sánchez has downplayed the threat, criticizing the broader U.S. and Israeli strikes on Iran as a “disaster” and signaling that Spain will not shift its position under pressure. As a member of the European Union, Spain’s trade policy is tied to the bloc, meaning any unilateral U.S. embargo would likely trigger wider diplomatic complications with other EU nations.

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