Trump said the U.S. will use frozen Iranian assets to cover damage to ships and cargo as U.S. strikes on Iran continued for a 13th night. Iran condemned the threat as an “incendiary precedent” amid widening attacks and falling tanker traffic through the Strait of Hormuz.
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Trump imposed new 10% to 12.5% tariffs on dozens of trading partners as temporary global levies expired. The administration says the duties target countries that have not adequately enforced bans on goods made with forced labor.
Trump said he is close to deciding whether to launch a “massive attack” on Iran as regional strikes spread and oil prices rose above $100 a barrel. The UN warned the Middle East is “teetering on the edge of the unimaginable.”
The Trump administration will impose 10% to 12.5% tariffs on imports from dozens of trading partners, citing failures to enforce bans on goods made with forced labor. Brazil rejected the finding and said it would pursue retaliatory tariffs.
A group of 120 wealthy Britons, including Gary Lineker and Brian Eno, has asked Prime Minister Andy Burnham to raise taxes on the richest people. The Patriotic Millionaires group says a 2% wealth tax above £10m could raise £24bn a year.
Oil and gasoline prices rose Thursday after Houthi rebels claimed attacks on two Saudi tankers in the Red Sea. The move raised fears of wider disruption near the Bab el-Mandeb Strait and added pressure to inflation and interest-rate expectations.
The U.S. carried out an 11th straight night of strikes on Iran as Tehran attacked U.S. targets in the region. Oil prices climbed as threats to the Strait of Hormuz and Bab al-Mandeb raised fears of deeper disruption to global shipping.
Novo Nordisk sued Eli Lilly in New Jersey, alleging Lilly’s ads falsely portray Mounjaro and Zepbound as superior to Ozempic and Wegovy by relying on outdated dose comparisons. Lilly said its advertising is truthful, transparent and based on direct scientific evidence.