"🔥 Breaking News: Israel-Iran War, U.S. Market Dips, and Global Reactions"

 

🌍 Geopolitics & Middle East Tensions

• Israel–Iran Conflict:

Israel launched strikes on Iranian state media buildings in Tehran, reportedly killing several intelligence officials. Iranian authorities now report at least 224 civilian deaths In response, Iran has signaled a shift toward seeking de-escalation and resuming nuclear talks 

📉 Global Markets & Economy

• Stock Markets React:

U.S. markets declined as emerging Middle East tensions and weak economic indicators weighed. Oil surged nearly 3%, U.S. retail sales dropped 0.9% in May, while bond prices climbed FED Watch: Traders are gearing up for tomorrow’s Federal Reserve rate decision. It’s notable that late retail sales and oil inflation could sway the Fed’s stance 

💼 Trade & Policy

• Trump on Trade:

President Trump left the G‑7 summit early, criticizing the EU’s trade terms and pushing for stronger U.S. pharma tariffs. He also emphasized needing “a real end” to the Middle East conflict over a mere ceasefire UK–U.S. Deal: UK’s Rachel Reeves presented the UK as an “oasis of stability.” A new UK–U.S. trade agreement was announced, cutting tariffs on auto imports 

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☔ Weather Alerts & Natural Threats

• Severe Weather in the U.S.: 

A fresh wave of storms, including possible tornadoes and flash floods, is expected this evening and continuing into tomorrow Hurricane Watch: A tropical storm is developing off Mexico’s coast, heightening concern for the region 

🇪🇸 Europe & Spain

• Iberian Blackout Findings:

A June 1 blackout across Spain and Portugal was declared not cyber-terrorism—rather the result of cascading voltage faults. Recommendations included grid reinforcement and better surge supervision 

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🌏 Global Headlines

• Delhi Weather Warning: 

Thunderstorms and heavy rain triggered a red alert in Delhi‑NCR today .

• Chennai Weather Update: Warm, humid conditions prevail with rain expected later today