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us49

US announces 'Economic D-Day' against Iran, threatens sanctions on partners

US President Donald Trump announced an unprecedented 'economic warfare' campaign against Iran, threatening 'tremendous economic consequences' for any country providing a lifeline to Tehran. Treasury Secretary Scott Bessent vowed to impose the 'toughest sanctions in history' to collapse the Iranian regime, complementing the existing naval blockade. The UAE suspended all trade and financial transactions with Iran after accusing Tehran of firing ballistic missiles toward its waters, a claim Iran denied. The US is pressuring allies and China to join the isolation effort, with details of the new sanctions expected to be revealed on Monday. In response, Iranian Parliament Speaker Mohammed Baqer Qalibaf, speaking in Baghdad, vowed to strengthen Iran's economy against 'unjust sanctions' and called for closer Iran-Iraq economic cooperation, including greater use of national currencies to reduce dollar dependence. He accused the US and Israel of waging economic and 'cognitive' warfare after failing to defeat Iran militarily. Oil prices climbed to a three-week high amid uncertainty. China, which buys over 80% of Iran's seaborne oil, rejected sanctions as a solution. Iranian Foreign Minister Abbas Araqchi accused Trump of using the confrontation to divert attention from domestic economic problems.

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US President Donald Trump announced an unprecedented 'economic warfare' campaign against Iran, threatening 'tremendous economic consequences' for any country providing a lifeline to Tehran. Treasury Secretary Scott Bessent vowed to impose the 'toughest sanctions in history' to collapse the Iranian regime, complementing the existing naval blockade. The UAE suspended all trade and financial transactions with Iran after accusing Tehran of firing ballistic missiles toward its waters, a claim Iran denied. The US is pressuring allies and China to join the isolation effort, with details of the new sanctions expected to be revealed on Monday. In response, Iranian Parliament Speaker Mohammed Baqer Qalibaf, speaking in Baghdad, vowed to strengthen Iran's economy against 'unjust sanctions' and called for closer Iran-Iraq economic cooperation, including greater use of national currencies to reduce dollar dependence. He accused the US and Israel of waging economic and 'cognitive' warfare after failing to defeat Iran militarily. Oil prices climbed to a three-week high amid uncertainty. China, which buys over 80% of Iran's seaborne oil, rejected sanctions as a solution. Iranian Foreign Minister Abbas Araqchi accused Trump of using the confrontation to divert attention from domestic economic problems.

us48

US politics liveblog: Trump aide Natalie Harp in focus, debt tops $40 trillion, tariffs on Canada suspended

A US politics liveblog covers multiple developments: Trump's personal assistant Natalie Harp is scrutinized after being among the few who secretly switched planes with Trump due to an alleged Iranian assassination threat; left-wing Democrat Angie Nixon wins a Florida primary; US national debt surpasses $40 trillion; Trump suspends tariffs on Canada for three days to finalize a Keystone XL pipeline deal; US and South Korea shorten military exercises; US sanctions ICC President Tomoko Akane; Trump's approval rating drops to 33%; and reports of a person impersonating Trump's chief of staff in contact with a UK official.

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A US politics liveblog covers multiple developments: Trump's personal assistant Natalie Harp is scrutinized after being among the few who secretly switched planes with Trump due to an alleged Iranian assassination threat; left-wing Democrat Angie Nixon wins a Florida primary; US national debt surpasses $40 trillion; Trump suspends tariffs on Canada for three days to finalize a Keystone XL pipeline deal; US and South Korea shorten military exercises; US sanctions ICC President Tomoko Akane; Trump's approval rating drops to 33%; and reports of a person impersonating Trump's chief of staff in contact with a UK official.

us47

US Treasury intervenes to cap bond yields as debt tops $40 trillion

Background: US Treasury bond yields have reached their highest levels since 2007, driven by inflation, fiscal deficits, and geopolitical uncertainty, while financial leverage has surged to record levels, raising systemic risk concerns. Today: Treasury Secretary Scott Bessent announced intervention to cap rising yields on long-term US government debt, which remain near 20-year highs. The national debt topped $40 trillion, and the federal deficit for fiscal year 2026 reached $1.8 trillion. Analysts call the intervention cosmetic, noting it does not address underlying fiscal problems. The dollar weakened in response, and the move may complicate Federal Reserve Chair Kevin Warsh's plans for market feedback. Additionally, the shift in bond holders from foreign central banks to price-sensitive institutional investors is highlighted as a factor.

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Background: US Treasury bond yields have reached their highest levels since 2007, driven by inflation, fiscal deficits, and geopolitical uncertainty, while financial leverage has surged to record levels, raising systemic risk concerns. Today: Treasury Secretary Scott Bessent announced intervention to cap rising yields on long-term US government debt, which remain near 20-year highs. The national debt topped $40 trillion, and the federal deficit for fiscal year 2026 reached $1.8 trillion. Analysts call the intervention cosmetic, noting it does not address underlying fiscal problems. The dollar weakened in response, and the move may complicate Federal Reserve Chair Kevin Warsh's plans for market feedback. Additionally, the shift in bond holders from foreign central banks to price-sensitive institutional investors is highlighted as a factor.

us42

US imposes new sanctions on Cuban state firms and ICAP officials

The United States has imposed a new round of sanctions on nine Cuban state-owned mining, metal, and construction companies, the Ministry of Construction, and three senior officials of the Cuban Institute of Friendship with the Peoples (ICAP), including its president Fernando González Llort, a former spy convicted in the US. Secretary of State Marco Rubio justified the measures as targeting entities that sustain the regime's repressive apparatus and accused ICAP of organizing a subversive network. Cuba's Foreign Minister Bruno Rodríguez condemned the sanctions as an attempt to harm the economy and hinder basic services, exacerbating the impact of the long-standing US embargo and the effective oil blockade that has caused severe blackouts and shortages. The sanctions are part of the Trump administration's 'maximum pressure' campaign, which has drawn UN warnings of a humanitarian crisis.

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The United States has imposed a new round of sanctions on nine Cuban state-owned mining, metal, and construction companies, the Ministry of Construction, and three senior officials of the Cuban Institute of Friendship with the Peoples (ICAP), including its president Fernando González Llort, a former spy convicted in the US. Secretary of State Marco Rubio justified the measures as targeting entities that sustain the regime's repressive apparatus and accused ICAP of organizing a subversive network. Cuba's Foreign Minister Bruno Rodríguez condemned the sanctions as an attempt to harm the economy and hinder basic services, exacerbating the impact of the long-standing US embargo and the effective oil blockade that has caused severe blackouts and shortages. The sanctions are part of the Trump administration's 'maximum pressure' campaign, which has drawn UN warnings of a humanitarian crisis.

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Brazil launches $444M AI supercomputer push, balancing US and Chinese tech

Brazil announced investments of about 2.3 billion reais ($444.2m) to boost its AI ecosystem, splitting projects between Chinese firms (Huawei, iFlytek) and a tender expected to be won by US chipmaker Nvidia. The strategy aims to avoid dependence on a single country or company, strengthening national sovereignty over data. The supercomputer in Rio Grande do Norte is expected to be among the world's top 10 AI machines.

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Brazil announced investments of about 2.3 billion reais ($444.2m) to boost its AI ecosystem, splitting projects between Chinese firms (Huawei, iFlytek) and a tender expected to be won by US chipmaker Nvidia. The strategy aims to avoid dependence on a single country or company, strengthening national sovereignty over data. The supercomputer in Rio Grande do Norte is expected to be among the world's top 10 AI machines.

us40

Progressive Aisha Wahab Wins California Special Election for Congress

Aisha Wahab, a progressive state senator, won a special election to fill the California congressional seat vacated by Eric Swalwell, who resigned amid sexual misconduct allegations. Wahab defeated Melissa Hernandez in a race marked by heavy spending from AIPAC-affiliated Super PACs supporting Hernandez. Wahab, the first Muslim woman and Afghan American elected to the California legislature, described the outside spending as election interference.

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Aisha Wahab, a progressive state senator, won a special election to fill the California congressional seat vacated by Eric Swalwell, who resigned amid sexual misconduct allegations. Wahab defeated Melissa Hernandez in a race marked by heavy spending from AIPAC-affiliated Super PACs supporting Hernandez. Wahab, the first Muslim woman and Afghan American elected to the California legislature, described the outside spending as election interference.

us39

Federal judge allows California oil pipeline to operate despite state opposition

A federal judge ruled that an oil pipeline off the California coast can continue operating, overriding state regulators and environmental groups. The Trump administration had invoked the Defense Production Act to order Sable Offshore Corporation to reopen the pipeline, citing national security and energy needs during the war in Iran. The judge fined Sable $1.5 million for violating a consent decree but shifted oversight to federal authorities. California officials vowed to continue legal challenges.

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A federal judge ruled that an oil pipeline off the California coast can continue operating, overriding state regulators and environmental groups. The Trump administration had invoked the Defense Production Act to order Sable Offshore Corporation to reopen the pipeline, citing national security and energy needs during the war in Iran. The judge fined Sable $1.5 million for violating a consent decree but shifted oversight to federal authorities. California officials vowed to continue legal challenges.

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US and Canada Strengthen Bilateral Coordination on Security and Regional Issues

US Secretary of State Marco Rubio met with Canadian Foreign Minister Anita Anand in Washington to enhance bilateral coordination on security, economic, and regional priorities. The talks covered cooperation in Haiti, emergency earthquake assistance to Venezuela, Arctic security, and joint efforts against online scam centers. Rubio emphasized the need for reforms in Cuba, while Anand highlighted Canada's Arctic policy and NATO commitments. The meeting followed President Trump's pause on a planned 50% tariff on Canadian goods.

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US Secretary of State Marco Rubio met with Canadian Foreign Minister Anita Anand in Washington to enhance bilateral coordination on security, economic, and regional priorities. The talks covered cooperation in Haiti, emergency earthquake assistance to Venezuela, Arctic security, and joint efforts against online scam centers. Rubio emphasized the need for reforms in Cuba, while Anand highlighted Canada's Arctic policy and NATO commitments. The meeting followed President Trump's pause on a planned 50% tariff on Canadian goods.