Iranian Foreign Minister Abbas Araghchi asserts that no nation would dare attack Iran, citing the country’s strong military capabilities as a deterrent, while also rejecting direct negotiations with the U.S. The U.S. is increasing its naval presence in the Middle East in response to ongoing conflicts involving Iran-backed groups, further escalating tensions in the region. Iran’s emphasis on military readiness and refusal to engage in direct talks, along with U.S. deployments, suggest that regional tensions are likely to remain high.
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How new U.S. tariffs on the EU and U.K. could affect the cost of booze
Your French or Italian wine may soon cost more due to a 15% U.S. tariff on EU imports effective August 1, affecting prices for whisky and spirits as well. Trade groups are lobbying for exemptions, predicting significant losses for both U.S. and European producers, while economic experts warn higher tariffs could lead to reduced consumer demand and limited choices. Want More Context? 🔎
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