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108 stories from 13 sources

Washington widens pressure on Iran as North American trade fractures

Day’s Recap

Supporting Articles

Treasury Secretary Scott Bessent warned that the United States could impose additional sanctions on Iran’s economic partners. The threat is intended to increase pressure on Tehran by targeting the networks that support its economy.

3:12 PMFinancial Times

The Trump administration announced a plan to isolate Iran’s economy by threatening secondary sanctions against companies and governments that help sustain it. Officials signaled that China would not automatically be exempt.

2:32 PMCNBC

Canada's Prime Minister Mark Carney accused President Trump of seeking to damage Canada's auto industry and said trade talks would resume only if the United States changed its approach. Trump's threat to raise tariffs on vehicles has pushed the dispute beyond negotiation into a broader confrontation.

10:51 PMBBC

Burnham is set to give Ukrainian President Volodymyr Zelensky long-range missile blueprints during a visit to Kyiv. The move follows Moscow's warning of consequences over reported Ukrainian use of British drones.

9:48 PMBBC

Iran’s rial has fallen to a record low of about 2.02 million to the dollar as Washington prepares additional sanctions, compounding inflation, weak growth and the economic damage of the conflict.

9:27 AMEconomic Times

Oil prices stabilized after falling the previous day as markets assessed expanded US sanctions targeting Iran's economy. A tanker incident near Oman added shipping-risk concerns, while US strategic petroleum reserves fell to a historic low.

9:59 PMEconomic Times

Other Developments

A curated list of other prominent stories from this day.

Benjamin Netanyahu claimed that Iran attempted to kill one of his sons. The allegation came after US and Israeli forces killed Iran’s supreme leader and four members of his family in Tehran.

10:54 PMAl Jazeera

Canada sends about 70% of its goods exports to the United States, leaving it highly exposed in the trade dispute. The central question is whether Ottawa can use its economic ties with the US to impose meaningful costs in return.

10:49 PMBBC

US Treasury Secretary Scott Bessent has threatened economic punishment against countries that continue doing business with Iran. The warning raises concerns about how India’s trade ties with Iran could affect its currency and financial markets.

10:48 PMBloomberg Markets

The 50 percent tariffs imposed by President Trump on Canadian exports could make it uneconomical for many Canadian companies to keep selling in the United States. Economists warn that the resulting loss of market access could put thousands of jobs at risk.

8:33 PMThe New York Times

Tunisia’s Ben Guerdane is facing violent protests after a migrant boat carrying 15 people sank, killing at least 12. Search efforts continue as residents demand answers and accountability.

8:18 PMAl Jazeera

Donald Trump is considering a 7.5% tariff on Chinese imports to address cheap exports, on top of tariffs announced last month ranging from 10% to 12.5%. The measure is being calibrated to avoid disrupting a trade truce or a planned summit with Xi Jinping.

6:23 PMFortune

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