Norway faces potential US tariff hikes on seafood exports
The Norwegian seafood industry faces potential margin compression due to looming US tariff increases. It remains uncertain whether Norway will be subject to higher duties than EU counterparts, signaling a potential shift in bilateral trade relations.
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Iran-US Escalation: Strait of Hormuz Closure, Regional Attacks, and UK Threats
Direct military exchanges between the US and Iran have led to the confirmed closure of the Strait of Hormuz, triggering a global oil price surge and increased Brazilian DI rates. Concurrently, Kuwait has reported confirmed engagements with Iranian aerial projectiles and drone incursions, while an Iranian military group has designated UK-based facilities as legitimate targets, prompting a UK reaffirmation of defense posture. The UN Secretary-General has warned of rapidly escalating hostilities within Iran, emphasizing the urgent need for diplomatic intervention.