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Oil prices climbed sharply while global stock markets declined after U.S. President Donald Trump delivered a primetime address from the White House on Wednesday, outlining a more aggressive stance in the ongoing Iran conflict. In his speech, Trump warned that the United States would strike Iran “extremely hard” within the next two to three weeks. He also urged countries dependent on Middle Eastern oil to take responsibility for maintaining access through the Strait of Hormu

The European Union is preparing a sweeping package of retaliatory measures against the United States, including tariffs worth up to €93 billion ($107.71 billion), in response to threats by US President Donald Trump to annex Greenland, according to a Financial Times report published on Sunday evening. Brussels is also examining the possibility of limiting access for US companies to the European market as part of a broader response. The measures were discussed during a meetin

U.S. financial stocks and UK-listed lenders fell sharply on Monday after President Donald Trump proposed a one-year cap on credit card interest rates, threatening a significant revenue stream for the sector. Investors are now weighing the impact of the proposal amid ongoing interest-rate uncertainty, a development that may undercut the potential boost from a rotation into value stocks. On Friday, Trump called for a 10 per cent cap on credit card interest rates starting Januar