U.S. and Iran exchange fire despite ceasefire. And, Trump nominates a new head of ICE

Tensions between the U.S. and Iran have escalated as both nations exchanged fire despite a ceasefire agreement. Iran’s Revolutionary Guard launched drone and missile strikes on Bahrain and Kuwait, following U.S. military actions against Iranian targets. This conflict threatens ongoing negotiations for a lasting ceasefire, with significant implications since the recent memorandum of understanding. U.S. Secretary of State Marco Rubio indicated that technical talks were planned, but Iran’s deputy foreign minister stated they would occur only under certain conditions. The control of the Strait of Hormuz remains a contentious issue. Meanwhile, in Venezuela, rescue efforts continue after two devastating earthquakes, with the death toll nearing 1,500 and many still missing. Families and volunteers are searching through rubble in hopes of finding survivors. QUESTION: How might the ongoing tensions between the U.S. and Iran impact global trade and security, particularly in regions reliant on the Strait of Hormuz? 

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