Sanctions in Washington, interest rate hike, and Iranian attack in the Gulf | All updates

Washington approved sweeping sanctions on Russia and Iran, the Federal Reserve raised interest rates against Trump's position, and an Iranian attack in the Strait of Hormuz lightly wounded American soldiers. Saudi Arabia faces a shortage of interceptors against the Houthis, the US revoked visas for Abu Mazen, and Trump threatens tariffs on Europe.

Washington approved sweeping sanctions on Russia and Iran overnight (Wednesday to Thursday), while the Federal Reserve surprised with an interest rate hike against Trump's position. Meanwhile, tensions in the Gulf are rising with an Iranian attack on an American crew and an urgent Saudi request for interceptors against the Houthis. On the diplomatic front, the US blocked the Palestinian delegation's arrival at the UN, and Trump threatens tariffs on Europe following its rapprochement with Canada. According to Fox News, Iranian forces launched drones and a missile at a vessel serving the US military in the Strait of Hormuz, causing several light injuries among the American crew. Vice President Vance warned that the attacks directly disrupt the global energy market. At a campaign rally in North Carolina, Trump addressed the military confrontation with Iran and told his supporters: "Follow what happens, it's going to end really well." The Trump administration revoked the entry visas of Palestinian Authority Chairman Mahmoud Abbas and his delegation to the UN General Assembly for the second consecutive year, citing the payment of salaries to terrorists. The President of the European Commission proposed adding Canada as an "associate member" of the Union, and Trump responded by threatening heavy tariffs on Europe. The Federal Reserve raised the US interest rate to 3.75%–4% for the first time in over three years, unanimously under Chairman Kevin Warsh, despite Trump's opposition. Saudi Arabia is suffering from a severe shortage of interceptors and has turned to Britain, France, Egypt, and Pakistan with an urgent request for air defense assistance against the Houthis. The US House of Representatives approved, by a vote of 262 to 159, the sanctions bill named after the late Lindsey Graham, aimed at targeting the oil and gas revenues of Russia and Iran.