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Why Dubai may be vital to the Trump administration’s economic war on Iran

President Trump threatened this week to wield an “unprecedented” level of economic warfare against Iran, and Treasury Secretary Scott Bessent vowed to “collapse” the Islamic Republic regime with the “toughest sanctions in history.”  But the effectiveness of a bolstered economic campaign against Iran may rest largely on one close U.S. ally in the Persian Gulf,…

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Iran looks to boost regional trade ties as U.S. turns from bombs to economic warfare

Iran has finalized a preferential trade agreement with Oman, according to the Islamic Republic’s official Trade Promotion Organization.  The agreement, which Oman has not yet confirmed, still requires approval by Iran’s parliament and other authorities.  The announcement, relayed by Iranian state media, came two days after President Trump heralded a shift in U.S. tactics in…

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Walmart says it is using $2.9 billion in tariff refunds to lower prices for shoppers

Walmart said it is using billions of dollars in tariff revenue to lower prices as the company moves to appeal to consumers experiencing an affordability pinch due to higher inflation. The Arkansas-based retailer, which reported its earnings on Thursday, has received “substantially all” of the $2.9 billion in tariff refunds it was eligible for, executive…

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