Global tensions intensified after Israel carried out strikes on Iran, prompting retaliatory actions across parts of the Gulf region. Governments have urged calm as security measures increase and international leaders call for restraint

The US Supreme Court struck down tariffs that were imposed under IEEPA, effectively nullifying all country-wise reciprocal tariffs as well as fentanyl-related tariffs that were implemented in 2025. This development removes certain trade barriers that had affected multiple countries, reshaping the global trade landscape.