Treasury Secretary Scott Bessent said Wednesday that President Donald Trump’s newly announced 15% global import tariff is expected to take effect sometime this week as the administration moves to rebuild its tariff framework after a recent Supreme Court ruling struck down part of the president’s trade agenda.
President Donald Trump met Wednesday with leaders of major technology companies at the White House as they formally backed a new initiative designed to prevent the rapid expansion of artificial intelligence data centers from driving up electricity prices for American consumers.
Stocks rebounded after a report that Iran made indirect contact with the United States to negotiate an end to the war in the Middle East, boosting hopes that the conflict could be short-lived.
An American submarine has destroyed an Iranian warship in the Indian Ocean near Sri Lanka in the “first sinking of an enemy ship by a torpedo since World War II,” killing scores of people, the U.S. defense secretary confirmed Wednesday.
Israel and the United States are increasingly targeting Iran’s internal security apparatus as part of their ongoing military campaign, striking organizations responsible for suppressing protests and maintaining the Islamic Republic’s grip on power.
The United States says it has struck nearly 2,000 targets across Iran and destroyed at least 17 Iranian naval vessels, including a submarine, as part of the widening military campaign known as Operation Epic Fury, launched together with Israel against the Islamic Republic.
Iran’s powerful Assembly of Experts has reportedly chosen Mojtaba Khamenei, the son of slain Supreme Leader Ayatollah Ali Khamenei, as the country’s next supreme leader amid the escalating war involving Iran, Israel and the United States.
Indonesia has paused discussions on U.S. President Donald J. Trump’s “Board of Peace” initiative for Gaza as diplomatic attention shifts to the rapidly escalating conflict involving Iran, Israel and the United States, dashing hopes among some Christians that the world’s largest Muslim-majority nation might move closer to normalizing relations with Israel.
Over concerns that Iran is blocking vital tankers from transiting the Strait of Hormuz, President Donald Trump announced that the U.S. Navy will begin escorting tankers through the area.
Israel’s military said Tuesday it had expanded its troop deployment deeper into southern Lebanon as fighting with the Hezbollah terror group intensified along the northern border.