Geopolitical instability in the Middle East and domestic economic policy shifts dominate the current news cycle. Tensions have escalated as Iran reimposed restrictions on the Strait of Hormuz, complicating a fragile 10-day ceasefire between Israel and Hezbollah and casting doubt on the future of U.S.-Iran peace talks mediated by Pakistan. Meanwhile, President Trump faces record-low approval ratings amid public frustration over inflation and gas prices linked to the conflict in Iran. Domestically, the U.S. government is launching an online portal to process billions of dollars in refunds for tariffs previously ruled unconstitutional by the Supreme Court. While this creates a high-stakes scramble for businesses to reclaim illegally collected funds, individual consumers are unlikely to see direct financial relief, as the refunds are restricted to the original importers of record.
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