U.S. forces are enforcing a naval blockade of Iran with radio warnings, vessel interceptions and military strikes, raising risks for global shipping and energy markets.

France faces growing debt pressure as bond yields approach 5%, borrowing costs rise and political uncertainty complicates efforts to reduce government spending and deficits.

U.S. businesses are facing long delays in receiving tariff refunds after court action overturned certain Trump-era tariffs, creating cash-flow challenges for small importers.