US President Trump says need more tariffs

President Trump's call for more tariffs signals a potential escalation in trade tensions, which could negatively impact global market sentiment.

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Iran Parliament Speaker Ghalibaf says "There is no alternative but to accept the rights of the Iranian people as laid out in the 14-point proposal." , "Any other approach will be completely inconclusive; nothing but one failure after another."

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US President Trump says need more tariffs

UAE has carried out military strikes on Iran, according to WSJ citing sources; UAE strikes have included attack on a refinery on Iran's Lavan Island back in early April

Guardian's Elgot says "Understand from cabinet sources that for the moment they are not planning to quit or try to force the prime minister into a corner, they just want him to “look again” at the political reality."

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This could lead to a stronger USD against other currencies like the EUR and JPY, while also weighing on equities and commodities, particularly those sensitive to trade disruptions such as energy and gold.

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