US importers secure pig iron exemption from new Brazilian tariff hike

The United States has conducted a seventh consecutive night of strikes against Iranian coastal and energy targets, causing significant infrastructure damage and straining Iran's electricity supply. This sustained campaign marks a direct escalation of hostilities, with the previous interim ceasefire having collapsed. Iran has responded with drone and missile strikes against Kurdish opposition groups in Iraq and claims of strikes against US assets in Jordan, though these remain largely unverified.