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Day 45 of Iran War: Oil Prices Surge Above $100 as US Tightens Control Over Iranian Gulf
The United States said it will begin blockading all Iranian Gulf ports at 10 a.m. ET on Monday, tightening control over shipping in the Strait of Hormuz after talks with Iran over the weekend ended without agreement.
US President Trump indicated that US forces would intercept vessels in international waters that had paid what he described as illegal tolls to Iran.
Iran condemned the move as “piracy” and warned it could retaliate against Gulf ports, signaling escalating tensions with no quick reopening of the...
Trump Teases Lula Meeting; Implications for Global Beef, Coffee Markets
On October 6, US President Trump teased an upcoming meeting with the Brazilian President via Truth Social. The current tariff expense for doing trade between the two countries has reorganized the flow of beef and stifled coffee trade, for example. Individuals involved in these markets and beyond are waiting to see if US tariffs on Brazil will be revised.
“This morning, I had a very good telephone call with President Lula, of Brazil. We discussed many things, but it was mostly focused on the Economy, and Trade, between..."
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