Tariffs Return by July, Iran Blockade Tests Markets

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Tariffs Return by July, Iran Blockade Tests Markets

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Treasury Secretary Bessent signals Trump tariffs could return by early July following Supreme Court setback, pivoting to Section 301 investigations. Iran threatens Red Sea shutdown as U.S. naval blockade holds, with oil prices near one hundred dollars per barrel threatening summer tourism and consumer budgets. War Secretary Hegseth warns Iran military is locked and loaded on energy infrastructure. Markets hit new highs with S&P 500 closing at record seven thousand twenty-two despite geopolitical tensions. Plus: California governor race scrutiny over billionaire Tom Steyer's private prison investments, Hunter Biden relocates abroad amid mounting debt, and Eric Swalwell faces disbarment threats after resigning from Congress over sexual misconduct allegations.

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