War With Iran on Hold… But for How Long?

Trump Backs Off 20% Fee Plan For Hormuz, Asserts 'FULL Blockade' Only On Iranian Ports Update(11:20ET): It's the return of another TACO Tuesday as President Trump in a lengthy Truth Social missive appears to have reversed his plan to collect a 20% of cargo fee for international vessels wishing to transit the Strait of Hormuz. "Oil is flowing like never before," he began (except it's not...), before writing, "Based on highly productive conversations with Middle East leadership, I have decided to replace the 20% United States Reimbursement Fee with Trade and...

Israel Says Hezbollah Fired Rockets, Breaching Lebanon Ceasefire Just as the Iran ceasefire seems on the brink of collapsing (though unilaterally extended late in the day Tuesday by Trump), so does the Lebanon one as well, as on Tuesday Israel accused Hezbollah of firing a new rocket volley at its IDF forces, effectively breaking the ceasefire. The Israel Defense Forces said Hezbollah targeted its troops in southern Lebanon, seeing in this a breaching of the fragile ceasefire ahead of a further round of US-mediated talks between the Israeli and Lebanese governments. Illustrative...

UBS Warns Trump's 100% Generic Drug Tariff Puts Indian Pharma "On Notice"; Goldman Flags Reshoring Winners President Trump will impose a 100% tariff on imported generic drugs starting in August 2028, rising to 200% a year later, unless manufacturers shift production to the US. "This is done in order to RESHORE Generic Pharmaceutical Production into America, with a penalty to those Companies that decide not to build Plant and Equipment within the stated period of time given to them," Trump wrote on Truth Social late Tuesday. He continued, "The objective of this...