The US Trade Court has ruled against President Trump's 10% global tariffs

The ruling against President Trump's 10% global tariffs signals a potential easing of trade tensions, which could positively impact risk sentiment across markets.

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Reactivation of air defence in western areas of Tehran, Mehr News reports

Iran's Top Joint Military Command says US violated the ceasefire by targeting Iranian oil tanker and another ship entering the Strait of Hormuz; Iran will respond powerfully and without the slightest hesitation to any attack

The US Trade Court has ruled against President Trump's 10% global tariffs

Explosion was heard in Abu Dhabi, Fars News reports citing Arab sources

[MARKET UPDATE] Modest upside seen in crude futures amid headlines of attacks in Iran by the US, although US officials claim the ceasefire has not ended; Iran yet to respond

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This decision may lead to a weaker dollar as trade outlook improves, and could support equities, commodities, and currencies of countries that are likely to benefit from reduced trade barriers. Traders should watch for shifts in market positioning toward riskier assets as this unfolds.

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